Wayne Bank announces earnings

Robert Tomkavage, The Times-Tribune, Scranton, Pa.
·1 min read

Oct. 26—Norwood Financial Corp., and its subsidiary Wayne Bank, announced earnings of $8,109,000 for the third quarter of 2022, a 16.2% increase over the same period last year.

The increase in earnings was due to $1.2 million increase in net interest income and a $750,000 reduction in the provision for loan losses.

Earnings per share, on a fully diluted basis, were $1 for the third quarter of 2022, compared to 85 cents in the same time period last year.

Norwood Financial Corp., through Wayne Bank, operates 14 offices in Northeast Pennsylvania.

— ROBERT TOMKAVAGE