Norwood Financial Corp. (NWFL) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to our Q4 2025 earnings conference call. With me today are Jim Donnelly, CEO, and John McCaffrey, 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 used for analysts, investors, and management to evaluate ongoing performance. A reconciliation of these measures to gap financial results is provided in our presentation materials. I will now turn the call over to Jim. Thank you, Kristen. Good morning to everyone. We ended 2025 on a positive note and with good momentum, as the team achieved strong results by continuing to serve our customers and communities. We maintained focus on our mission to make every day better, even while we closed on the President's Bank acquisition. We expanded our net interest spread by 62 basis points, increasing net interest income 62% compared with the fourth quarter of 2024. Net income and earnings per share more than doubled on an adjusted basis. and we improved returns on both average assets and tangible equity. By nearly any measure, 2025 was a great year. The improvement in our results and financial posit...