Norwood Financial reported record net interest income of $24.6 million for the quarter ended March 31, 2026, up from $17.9 million a year earlier, driven by a 43 basis-point expansion in net interest spread to 3.04% and a net interest margin of 3.68%. On a reported basis, net income was $3.73 million, or $0.35 per diluted share, while adjusted net income excluding merger-related costs rose to $7.81 million, or $0.72 per diluted share.

The January 5, 2026 acquisition of Presence Bancshares added $356 million in loans and $358 million in deposits, and generated $7.1 million in goodwill. Merger-related and restructuring expenses of $6.1 million weighed on reported earnings, but core system conversion completion on April 13 supports anticipated integration efficiencies and future cost savings.

Total assets grew 22.8% year-over-year to $2.917 billion, with loans receivable up 26.4% to $2.238 billion and deposits rising 25.1% to $2.507 billion. Tangible book value per share climbed to $22.43 from $20.66 a year earlier, despite a $0.47 sequential dip due to acquisition accounting adjustments, dividends and investment portfolio valuation shifts.