Harleysville Financial Corporation Announces Quarterly Earnings and a 3.3% Increase of the Regular Cash Dividend for the First Fiscal Quarter 2024 [Yahoo! Finance]
HARLEYSVILLE FINCL CORP (HARL)
US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/4054463
Company Research
Source: Yahoo! Finance
Directors declared a regular quarterly cash dividend of $.31 per share on the Company's common stock. This represents an increase of 3.3% or $.01 per share from the previous dividend. The cash dividend will be payable on February 21, 2024 to stockholders of record on February 7, 2024. Net income for the quarter ended December 31, 2023 was $2,510,000 or $.69 per diluted share compared to $3,331,000 or $.89 per diluted share for the same quarter last year. President and Chief Executive Officer, Brendan J. McGill stated, "The banking industry continues to adjust to the challenges from the current economic conditions and the elevated interest rate environment. The rapid repricing of deposits and borrowings, and slower repricing of loans has resulted in net interest margin compression. Despite these challenges we are pleased to report solid financial results for the first quarter. In addition, we know how important our dividend is to our stockholders and we are pleased to create additi
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