Norwood Financial Q1 Earnings, Interest Income Decline vs Year Ago – Shares Slip 1%

Norwood Financial (NWFL) shares fell slightly Monday after the bank holding company reported declines in Q1 EPS and interest income.

Norwood earned $0.54 in diluted earnings per share vs. $0.63 in the year-ago period, and total interest income of $6.96 million vs. $7.05 million.

The Q1 2013 period was favorably impacted by a one-time gain from insurance proceeds of $770,000, the bank said.

No analyst earnings estimates were available.

Norwood said its return on average assets in Q1 was 1.13% vs. 1.39% in the year-ago period, and its return on average equity was 8.46% in Q1 vs. 10.02% in the year-ago period.

In late morning trade, NWFL was down 1% to $29.20.

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