Norwood Financial (NASDAQ:NWFL), the parent company of Wayne Bank, announced its financial results for the first quarter of 2026 on Monday, a period defined by the successful closing and integration of Presence Bancshares.
The Honesdale-based company reached a new milestone with total assets climbing to $2.917 billion, largely driven by the acquisition, which closed on January 5, 2026.
The expanded balance sheet contributed to a record quarterly net interest income of $24.6 million.
This growth was supported by a significant expansion in the net interest margin, which rose to 3.68% compared to 3.30% in the same quarter last year.
The surge in interest income helped offset the expected impact of merger-related and restructuring costs, resulting in a GAAP net income of $3.7 million.
On a non-GAAP basis, the company reported adjusted pre-provision net revenue of $11.445 million, highlighting the core earning power of the combined franchise.
Key operational milestones during the quarter included the completion of a core system conversion on April 13, 2026, which consolidated the technology platforms of Wayne Bank and the former Presence Bank locations.
This transition expands Norwood’s footprint significantly into Chester and Lancaster Counties in Pennsylvania.
At the close of the quarter, Norwood reported a tangible book value per share of $22.43.