Harleysville Savings Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on February 22, 2017; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2016
January 25, 2017 at 08:56 pm IST
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Harleysville Savings Financial Corporation reported that the company's Board of Directors declared a regular quarterly cash dividend of $0.22 per share on the company's common stock. This represents an increase of 4.76% from the previous dividend. The cash dividend will be payable on February 22, 2017 to stockholders of record on February 8, 2017.
The company reported unaudited consolidated earnings results for the first quarter ended December 31, 2016. For the quarter, the company reported total interest income of $7,039,000 against $7,196,000 a year ago. Net interest income was $5,103,000 against $5,131,000 a year ago. Income before income taxes was $2,159,000 against $1,995,000 a year ago. Net income was $1,374,000 against $1,274,000 a year ago. Diluted earnings per share were $0.36 against $0.34 a year ago. Tangible book value was $17.94 against $17.35 a year ago. Return on average assets was 0.73% against 0.66% a year ago. Return on average equity was 8.35% against 7.97% a year ago.
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 Declares Regular Quarterly Cash Dividend, Payable on February 22, 2017; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2016