Harleysville Savings Financial Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2011; Declares Regular Quarterly Cash Dividend, Payable on February 22, 2012
January 26, 2012 at 02:21 am IST
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Harleysville Savings Financial Corporation announced unaudited consolidated earnings results for the first quarter ended December 31, 2011. For the quarter, total interest income was $9,005,000 compared to $9,430,000 for the same period a year ago. Net interest income was $5,038,000 compared to $4,455,000 for the same period a year ago. Income before income taxes was $2,061,000 compared to $1,645,000 for the same period a year ago. Net income was $1,364,000 compared to $1,216,000 for the same period a year ago. Basic and diluted earnings per share were $0.36 compared to $0.33 for the same period a year ago. Tangible book value per share was $15.39 compared to $14.63 for the same period a year ago. Return on average assets was 0.66% compared to 0.57% for the same period a year ago. Return on average equity was 9.40% compared to 9.08% for the same period a year ago.
The company announced that the company's board of directors declared a regular quarterly cash dividend of $0.19 per share on the Company's common stock. The cash dividend will be payable on February 22, 2012 to stockholders of record on February 8, 2012.
Harleysville Financial Corporation is the bank holding company for Harleysville Bank (the Bank). The Bank is principally in the business of attracting deposits through its branch offices and investing those deposits, together with funds from borrowings and operations. The Company provides personal banking business banking services. Its personal banking services include money market plus, trusty's club (Youth Savings), individual retirement account (IRA), certificates of deposit, auto loans, mortgage loans, home-equity loans, savings account loan, cash rewards, cash back rewards, saver and statement savings. The Companyâs business banking services business checking, business savings, cash management services. Its business checking provides business analyzed checking, business interest checking and community non-profit checking. The Companyâs business savings include business savings accounts, business loans & credit, business term loan, line of credit and commercial real estate loan.
Harleysville Savings Financial Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2011; Declares Regular Quarterly Cash Dividend, Payable on February 22, 2012