HARLEYSVILLE, PA — Harleysville Financial Corporation (OTCQX: HARL) has declared a quarterly cash dividend of $0.31 per share, payable on November 13, 2024, to shareholders as of October 30, 2024.
For the fiscal year ending September 30, 2024, the company reported a net income of $8.86 million ($2.43 per diluted share), down from $12.22 million ($3.29 per diluted share) last year. In Q4, net income was $2.05 million ($0.56 per diluted share), compared to $3.02 million ($0.82 per diluted share) in the same quarter the previous year.
President and CEO Brendan J. McGill expressed satisfaction with the results despite industry challenges, highlighting the company’s strong balance sheet due to growth in loans and deposits, and improved asset quality.
As interest rates decline, McGill emphasized the need for strategic pricing on loan and deposit products to stay competitive. He commended the team’s dedication to prudent management and high credit quality.
The corporation’s assets increased to $863.0 million from $842.3 million last year, while stockholders’ book value slightly rose to $23.83 per share from $23.76.
For more Chester County news, follow MyChesCo on Google News and MSN.
`
