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
Metric
Beat/Miss
Actual
Consensus 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
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(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.)