HARLEYSVILLE, PA — Harleysville Financial Corporation (OTCQX: HARL) announced a regular quarterly cash dividend of $0.33 per share, reflecting continued confidence in its financial position. The dividend is scheduled to be paid on August 13, 2025, to shareholders of record as of July 30, 2025.
For the third fiscal quarter, the company reported net income of $2.53 million, or $0.70 per diluted share, marking a year-over-year increase from $2.19 million, or $0.60 per diluted share. However, results for the nine-month period ending June 30, 2025, showed a slight dip, with net income of $6.67 million, or $1.84 per diluted share, compared to $6.81 million, or $1.87 per diluted share, during the same period last year.
President and CEO Brendan J. McGill credited the improved quarterly performance to a wider net interest margin, supported by the expansion and repricing of the company’s commercial and consumer loan portfolios, alongside lower average interest rates on deposit balances.
“The banking industry continues to adjust to the dynamic financial landscape, contending with evolving fiscal policy and market shifts,” McGill stated. “Despite those challenges, we are pleased with our financial results for the quarter and nine months ended.”
McGill added that Harleysville’s strong asset quality and capital levels reflect its disciplined approach to navigating the current economic climate, positioning the institution as a competitive and appealing option for customers.
As of June 30, 2025, Harleysville Financial reported total assets of $901.8 million, up from $863.9 million a year earlier. Stockholders’ tangible book value rose to $24.80 per share, a 4.9% increase from $23.65.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.