Harleysville Financial Corporation

04/15/2026 | Press release | Distributed by Public on 04/15/2026 16:21

CORRECTING AND REPLACING Harleysville Financial Corporation Announces Regular Cash Dividend and Second Quarter Earnings for Fiscal Year 2026

HARLEYSVILLE, Pa.--(BUSINESS WIRE)-- Second paragraph, sentence three: the figure "$2,672,00" should be "$2,672,000"

The updated release reads:

HARLEYSVILLE FINANCIAL CORPORATION ANNOUNCES REGULAR CASH DIVIDEND AND SECOND QUARTER EARNINGS FOR FISCAL YEAR 2026

Harleysville Financial Corporation (OTCQX:HARL) reported today that the Company's board of directors declared a regular quarterly cash dividend of $.35 per share on the Company's common stock. The cash dividend will be payable on May 13, 2026 to stockholders of record on April 29, 2026.

Net income for the second quarter was $3,811,000 or $1.06 per diluted share compared to $2,130,000 or $0.59 per diluted share, for the same quarter last year. Results for the current quarter include non-recurring Bank Owned Life Insurance ("BOLI") net benefits of $1,139,000 or $0.32 per diluted share. Excluding these BOLI benefits, net income for the second quarter was $2,672,000, representing a 25% increase over the same period last year.

Net income for the current six months ended March 31, 2026 amounted to $6,478,000 or $1.80 per diluted share compared to $4,136,000 or $1.14 per diluted share for the same six-month period a year ago. Excluding these BOLI benefits, net income for the six months ended was $5,339,000, representing a 29% increase over the same period last year.

Brendan J. McGill, President, and Chief Executive Officer of the Company, stated, "While our results for the quarter benefited from the BOLI income, we are encouraged by the bank's growing financial resilience. With credit quality remaining high, we are seeing a steady increase in households choosing the personalized service of a locally managed community bank. Furthermore, our interest rate spread continues to trend upward. By pairing disciplined underwriting and expense control with a robust balance sheet, we are building a solid foundation for long-term growth."

The Company's assets totaled $957.7 million compared to $871.4 million a year ago. Stockholders' tangible book value increased 8.2% to $26.39 per share from $24.40 a year ago.

Harleysville Financial Corporation is traded on the OTCQX market under the symbol HARL (http://www.otcmarkets.com) and is the holding company for Harleysville Bank. Established in 1915, Harleysville Bank is a Pennsylvania chartered and federally insured bank, headquartered in Harleysville, PA. The Bank operates from six full-service offices located in Montgomery County and one office located in Bucks County, Pennsylvania.

This presentation may contain forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995). Actual results may differ materially from the results discussed in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic; competitive, governmental, regulatory, and technological factors affecting the Company's operations, pricing, products, and services.

Harleysville Financial Corporation
Selected Consolidated Financial Data as of March 31, 2026
(Dollars in thousands except per share data)
(Unaudited) Year-To-Date
Six Months Ended: Three Months Ended:
Selected Consolidated Earnings Data Mar 31,
2026 		Mar 31,
2025 		Mar 31,
2026 		Dec 31,
2025 		Sep 30,
2025 		June 30,
2025 		Mar 31,
2025
Total interest income

$

22,684

$

19,557

$

11,345

$

11,339

$

11,038

$

10,325

$

9,745

Total interest expense

7,469

6,887

3,670

3,799

3,698

3,324

3,274

Net Interest Income

15,215

12,670

7,675

7,540

7,340

7,001

6,471

Provision for loan losses

215

120

174

41

(84

)

118

(28

)

Net Interest Income after Provision for Loan Losses

15,000

12,550

7,501

7,499

7,424

6,883

6,499

Bank owned life insurance

1,482

208

1,376

106

105

101

103

Other income

1,138

1,126

562

576

592

557

572

Total other expenses

9,168

8,478

4,610

4,558

4,370

4,297

4,434

Income before income taxes

8,452

5,406

4,829

3,623

3,751

3,244

2,740

Income tax expense

1,974

1,270

1,018

956

884

713

610

Net Income

$

6,478

$

4,136

$

3,811

$

2,667

$

2,867

$

2,531

$

2,130

Per Common Share Data
Basic earnings

$

1.81

$

1.14

$

1.06

$

0.74

$

0.80

$

0.70

$

0.59

Diluted earnings

$

1.80

$

1.14

$

1.06

$

0.74

$

0.77

$

0.70

$

0.59

Dividends

$

0.68

$

0.64

$

0.35

$

0.33

$

0.33

$

0.33

$

0.33

Tangible book value

$

26.39

$

24.40

$

26.39

$

25.67

$

25.25

$

24.80

$

24.40

Shares outstanding

3,584,924

3,605,824

3,584,924

3,587,996

3,587,377

3,589,883

3,605,824

Average shares outstanding - basic

3,585,698

3,628,464

3,583,788

3,587,579

3,589,417

3,591,861

3,624,490

Average shares outstanding - diluted

3,607,441

3,635,410

3,610,073

3,604,675

3,719,559

3,597,353

3,631,337

Year-To-Date
Six Months Ended: Three Months Ended:
Other Selected Consolidated Data Mar 31,
2026 		Mar 31,
2025 		Mar 31,
2026 		Dec 31,
2025 		Sep 30,
2025 		June 30,
2025 		Mar 31,
2025
Return on average assets

1.38

%

0.96

%

1.61

%

1.14

%

1.25

%

1.14

%

0.99

%

Return on average equity

14.11

%

9.45

%

16.45

%

11.72

%

12.82

%

11.49

%

9.66

%

Net interest rate spread

2.89

%

2.55

%

2.90

%

2.87

%

2.83

%

2.80

%

2.63

%

Net yield on interest earning assets

3.30

%

3.01

%

3.30

%

3.29

%

3.26

%

3.22

%

3.07

%

Operating expenses to average assets

1.95

%

1.97

%

1.95

%

1.95

%

1.90

%

1.94

%

2.06

%

Efficiency ratio

51.40

%

60.54

%

47.96

%

55.43

%

54.37

%

56.10

%

62.05

%

Ratio of non-performing loans to total assets at end of period

0.11

%

0.14

%

0.11

%

0.15

%

0.09

%

0.11

%

0.14

%

Loan loss reserve to total loans, net

0.70

%

0.69

%

0.70

%

0.69

%

0.68

%

0.70

%

0.69

%

Stockholders' equity to assets

9.88

%

10.10

%

9.88

%

9.80

%

9.76

%

9.87

%

10.10

%

Selected Consolidated Financial Data Mar 31,
2026 		Dec 31,
2025 		Sep 30,
2025 		June 30,
2025 		Mar 31,
2025
Total assets

$

957,738

$

940,059

$

928,042

$

901,837

$

871,430

Cash & investment securities

11,268

12,469

12,030

14,901

13,577

Mortgage-backed securities

202,145

183,283

164,769

142,550

125,115

Total Investments

213,413

195,752

176,799

157,451

138,692

Consumer Loans receivable

338,202

343,646

348,499

344,494

341,850

Commercial Loans receivable

367,775

364,179

364,896

364,488

357,076

Loan loss reserve

(4,964

)

(4,869

)

(4,841

)

(4,949

)

(4,828

)

Total Loans receivable net

701,013

702,956

708,554

704,033

694,098

FHLB stock

7,183

7,054

7,507

5,435

3,874

Checking accounts

269,691

263,948

254,881

264,641

266,215

Savings accounts

208,990

201,898

205,057

207,953

214,159

Certificate of deposit accounts

223,301

215,601

212,064

217,567

216,918

Total Deposits

701,982

681,447

672,002

690,161

697,292

Advances

149,960

156,666

155,408

110,853

74,016

Total stockholders' equity

94,590

92,110

90,577

89,035

87,986

M. Shane Michalak
Senior Vice President/CFO
215-256-8828

Source: Harleysville Financial Corporation
Harleysville Financial Corporation published this content on April 15, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 15, 2026 at 22:21 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]