HARLEYSVILLE, PA — Harleysville Financial Corp. (OTCQX: HARL) reported higher fiscal third-quarter earnings and declared a quarterly cash dividend as the community bank benefited from balance-sheet growth, expanding net interest margins and higher asset yields.
The company’s board declared a regular quarterly cash dividend of $0.35 per share, payable Aug. 12 to shareholders of record as of July 29.
Net income for the quarter ended June 30 increased to $2.95 million, or $0.83 per diluted share, from $2.53 million, or $0.70 per diluted share, during the same quarter a year earlier.
For the first nine months of fiscal 2026, net income rose to $9.43 million, or $2.62 per diluted share, from $6.67 million, or $1.84 per diluted share, in the prior-year period.
Results for the nine-month period included a one-time benefit of $1.14 million, or $0.32 per diluted share, related to bank-owned life insurance. Excluding that gain, adjusted net income totaled $8.29 million, a 24% increase from the comparable period last year.
President and Chief Executive Officer Brendan J. McGill attributed the results to loan and asset repricing, disciplined deposit pricing and expense management.
“We sustained our robust early-year momentum through the third quarter of fiscal 2026, delivering both continued balance sheet expansion and net interest margin growth,” McGill stated.
Total assets increased to $963.3 million as of June 30 from $901.8 million a year earlier.
Tangible book value per share rose 8.2% to $26.83 from $24.80 over the same period, reflecting continued growth in shareholder equity.
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