Harleysville Financial Q3 profit rises on higher net interest margin

HARLEYSVILLE FINANCIAL CORP

HARLEYSVILLE FINANCIAL CORP

HARL

0.00


Overview

  • US community bank's fiscal Q3 net income and EPS rose yr/yr

  • Company cites balance sheet expansion and net interest margin growth for improved results

  • Board declared regular quarterly dividend of $0.35 per share


Outlook

  • Company did not provide specific guidance for future quarters or fiscal year


Result Drivers

  • NET INTEREST MARGIN GROWTH - Co attributed improved results to growth in net interest margin

  • BALANCE SHEET EXPANSION - Co said continued balance sheet expansion supported earnings growth

  • DISCIPLINED PRICING & COST MANAGEMENT - Co cited disciplined pricing strategies and effective cost management as drivers of results, per CEO Brendan J. McGill


Company press release: ID:nBw2lvpMga


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

$2.95 mln

Q3 Net Interest Income

$7.96 mln

Q3 Pretax Profit

$3.85 mln


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