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
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.