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HARL — Harleysville Financial News Story

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Harleysville Financial Q4 net income jumps 40%

Overview

Harleysville Financial Corp fiscal yr net income rises to $9.534 mln from $8.860 mln

Q4 net income increases to $2.867 mln from $2.051 mln yr/yr

Company declares regular quarterly cash dividend of $.33 per share

Outlook

Company anticipates conservative customer borrowing due to economic uncertainty

Company plans to offer competitive rates on loans and deposits

Result Drivers

LOAN GROWTH - Co attributes strong performance to notable growth in loans

INTEREST MARGIN - Improved interest margin supported strong financial results

ASSET QUALITY - Excellent asset quality contributed to robust financial results

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Net Income$2.86 mln
Q4 Net Interest Income$7.34 mln
Q4 Pretax Profit$3.75 mln
Q4 Provision for Loan Losses$84,000
Press Release: ID:nBw10yh2ja For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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