 HONESDALE, Pa., July 23, 2021 GLOBE NEWSWIRE -- Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp Nasdaq Global Market-NWFL and its subsidiary, Wayne Bank, announced record earnings for the three months ended June 30, 2021 of 5,755,000, which was 4,267,000, or 287, higher than the similar period of last year. The increase reflects the benefits derived from the Companys acquisition of UpState New York Bancorp, Inc. UpState, which closed on July 7, 2020, and fee income related to Paycheck Protection Program PPP loans. Earnings per share fully diluted were 0.70 in the 2021 period compared to 0.24 in the same period of last year. The annualized return on average assets for the three months ended June 30, 2021 was 1.15, while the annualized return on average tangible equity was 13.63. Net income for the six months ended June 30, 2021 totaled 11,296,000, which is 6,729,000 higher than the same six-month period of 2020 due to the benefits derived from the acquisition of UpState and PPP fees earned. Earnings per share fully diluted for the six months ended June 30, 2021 were 1.38 compared to 0.73 for the six months ended June 30, 2021. The annualized return on average assets for the six months ended June 30, 2021 was 1.16. The annualized return on average tangible equity for the six months ended June 30, 2021 was 13.53. 