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Stock impact report

Codorus Valley Bancorp, Inc. Reports First Quarter 2024 Results [Yahoo! Finance]

Codorus Valley Bancorp, Inc (CVLY) 
US:NASDAQ Investor Relations: snl.com/irweblinkx/rss.aspx?iid=100767
Company Research Source: Yahoo! Finance
Net interest margin of 3.34% for the quarter ended March 31, 2024, a 66-basis point decrease from the net interest margin of 4.00% for the quarter ended March 31, 2023; Tier 1 leverage capital ratio of 10.80% for the quarter ending March 31, 2024, a 60-basis point increase from the tier 1 leverage capital ratio of 10.20% for the quarter ending March 31, 2023; Year-to-date efficiency ratio of 73.91%; return on average assets of 0.77%; and return on equity of 8.48%; Cash dividend of $0.17 per common share payable on May 14, 2024, to common stock holders of record on May 7, 2024. On December 12, 2023, Codorus Valley Bancorp, Inc. (NASDAQ: CVLY) and Orrstown Financial Services, Inc. (NASDAQ: ORRF) (“Orrstown”) announced that the companies entered into an Agreement and Plan of Merger pursuant to which Codorus Valley Bancorp, Inc. will merge with and into Orrstown Financial Services, Inc. later this year, subject to receipt of regulatory and shareholder approval. As a result, the C Show less Read more
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