Full Transcript: Norwood Financial Q2 2026 Earnings Call

Norwood Financial (NASDAQ: NWFL ) released second-quarter financial results and hosted an earnings call on Wednesday.

Read the complete transcript below.

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View the webcast at Summary Norwood Financial Corp. reported a record net income of $26.8 million for Q2 2026, a 41% increase year-over-year, with net interest margin expanding to 3.9%.

The successful integration of Presence Bank has been completed, contributing to improved financial performance and operational synergies.

A customer loan of $22 million filed for Chapter 11 bankruptcy, resulting in a net charge-off of $700,000, but the situation is being actively managed.

Strategic initiatives include enhancing operating efficiency and customer experience through AI, and strengthening the leadership team with key promotions.

The company has recovered the shareholder dilution from the acquisition of Presence Bancshares, improving tangible book value ahead of schedule.

Future outlook remains positive with continued focus on disciplined execution, potential for further acquisitions, and maintaining a competitive edge in lending and deposit markets.

Full Transcript OPERATOR Good day and thank you for standing by.

Welcome to the Norwood Financial Corp. second quarter 2026 earnings conference call.

At this time all participants are in a listen-only mode.

After the speakers' presentation there will be a question-and-answer session.

To ask a question during this session you will need to press star 11 on your telephone.

You will then hear an automated message advising your hand is raised.

To withdraw your question, please press star 11 again.

Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Mackenzie Jackson, Corporate Secretary.

Ma'am, please go ahead.

Mackenzie Jackson, Corporate Secretary Thank you, Michelle.

Good morning everyone, and welcome to our second quarter 2026 earnings conference call.

With me today are Jim Donnelly, our President and CEO, and John McCaffrey, our CFO.

The press release we issued earlier this morning together with the presentation material that accompanies our remarks are available on the Investor Relations section of our webpage.

Comments made by any participant on today's call may include forward-looking statements.

These statements are subject to various risks and uncertainties and other factors that are difficult to predict.

Actual results may differ materially from those expressed or implied and we assume no obligation to update any forward-looking information.

Please refer to our most recent Form 10-K and other subsequent reports filed with the SEC for more information about risks related to forward-looking statements.

During our discussion we may refer to certain non-GAAP financial measures.

These measures are useful for analysts, investors and management to evaluate ongoing performance.

A reconciliation of these measures to GAAP financial results is provided in our presentation.

I will now turn the call over to Jim.

Jim Donnelly, President and CEO Thank you, Mackenzie, and good morning everyone.

I'm pleased to report that the entire Norwood team performed well in the second quarter, continuing our strong performance as we build momentum and deliver another quarter of improving financial results.

Net income was 26.8 million, an increase of 41% compared with last year and another record for us as we continue to elevate our performance.

Organic growth plus Presence Bank's acquisition contributed to the increase.