Harleysville Savings Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on February 19, 2014; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2013
January 22, 2014 at 07:47 pm
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Harleysville Savings Financial Corporation 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 19, 2014 to stockholders of record on February 5, 2014.
The company reported unaudited consolidated earnings results for the first quarter ended December 31, 2013. For the quarter, the company reported total interest income of $7.343 million compared to $8.007 million a year ago. Net interest income was $4.455 million compared to $4.630 million a year ago. Income before income taxes was $1.849 million compared to $1.928 million a year ago. Net income was $1.302 million or $0.34 per diluted share compared to $1.301 million or $0.34 per diluted share a year ago. Tangible book value was $16.41 compared to $15.99 a year ago. Return on average assets was 0.65% compared to 0.65% a year ago. Return on average equity was 8.43% compared to 8.71% 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 19, 2014; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2013