Harleysville Savings Financial Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2014; Declares Quarterly Cash Dividend, Payable on February 25, 2015
January 28, 2015 at 10:20 pm IST
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Harleysville Savings Financial Corporation reported unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the quarter, the company reported net interest income of $4,995,000, income before income taxes of $1,802,000, net income of $1,221,000 or $0.32 per basic and diluted share against net interest income of $4,455,000, income before income taxes of $1,849,000, net income of $1,302,000 or $0.34 per basic and diluted share a year ago. Tangible book value at December 31, 2014 was $16.88 against at December 31, 2013 of $16.41. Return on average assets was 0.62% against 0.65% a year ago. Return on average equity was 7.82% against 8.43% a year ago.
The company reported that the company's board of directors declared a regular quarterly cash dividend of $0.21 per share on the company's common stock. The cash dividend will be payable on February 25, 2015 to stockholders of record on February 11, 2015.
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 Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2014; Declares Quarterly Cash Dividend, Payable on February 25, 2015