Harleysville Financial Corporation

07/15/2026 | Press release | Distributed by Public on 07/15/2026 09:17

Harleysville Financial Corporation Announces Regular Cash Dividend and Third Quarter Earnings for Fiscal Year 2026

HARLEYSVILLE, Pa.--(BUSINESS WIRE)-- 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 August 12, 2026 to stockholders of record on July 29, 2026.

Net income for the third quarter was $2,950,000 or $.83 per diluted share compared to $2,531,000 or $.70 per diluted share for the same quarter last year.

Net income for the nine months ended June 30, 2026 amounted to $9,428,000 or $2.62 per diluted share compared to $6,667,000 or $1.84 per diluted share for the same nine-month period a year ago. Results for the current nine months 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 nine months was $8,289,000, representing a 24% increase over the same period last year.

Brendan J. McGill, President, and Chief Executive Officer of the Company, stated, "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. These solid results reflect our disciplined pricing strategies, effective cost management, and the realization of higher yields from asset repricing and production."

Mr. McGill concluded, "We remain focused on financial discipline, efficient operations, and steady earnings growth. Supported by a strong balance sheet and solid liquidity, we are well-positioned to increase profitability and deliver long-term value to our shareholders."

The Company's assets totaled $963.3 million compared to $901.8 million a year ago. Stockholders' tangible book value increased 8.2% to $26.83 per share from $24.80 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 June 30, 2026
(Dollars in thousands except per share data) Year-To-Date
(Unaudited) Nine Months Ended: Three Months Ended:
Selected Consolidated Earnings Data Jun 30, 2026 Jun 30, 2025 June 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 June 30, 2025
Total interest income

$

34,416

$

29,882

$

11,732

$

11,345

$

11,339

$

11,038

$

10,325

Total interest expense

11,237

10,211

3,768

3,670

3,799

3,698

3,324

Net Interest Income

23,179

19,671

7,964

7,675

7,540

7,340

7,001

Provision for loan losses

215

238

-

174

41

(84

)

118

Net Interest Income after Provision for Loan Losses

22,964

19,433

7,964

7,501

7,499

7,424

6,883

Bank owned life insurance

1,670

309

188

1,376

106

105

101

Other income

1,707

1,683

569

562

576

592

557

Total other expenses

14,044

12,775

4,876

4,610

4,558

4,370

4,297

Income before income taxes

12,297

8,650

3,845

4,829

3,623

3,751

3,244

Income tax expense

2,869

1,983

895

1,018

956

884

713

Net Income

$

9,428

$

6,667

$

2,950

$

3,811

$

2,667

$

2,867

$

2,531

Per Common Share Data
Basic earnings

$

2.63

$

1.84

$

0.83

$

1.06

$

0.74

$

0.80

$

0.70

Diluted earnings

$

2.62

$

1.84

$

0.83

$

1.06

$

0.74

$

0.77

$

0.70

Dividends

$

1.03

$

0.97

$

0.35

$

0.35

$

0.33

$

0.33

$

0.33

Tangible book value

$

26.83

$

24.80

$

26.83

$

26.39

$

25.67

$

25.25

$

24.80

Shares outstanding

3,559,108

3,589,883

3,559,108

3,584,924

3,587,996

3,587,377

3,589,883

Average shares outstanding - basic

3,586,761

3,616,307

3,576,347

3,583,788

3,587,579

3,589,417

3,591,861

Average shares outstanding - diluted

3,595,488

3,622,763

3,574,626

3,610,073

3,604,675

3,719,559

3,597,353

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

1.33

%

1.02

%

1.23

%

1.61

%

1.14

%

1.25

%

1.14

%

Return on average equity

13.54

%

10.13

%

12.44

%

16.45

%

11.72

%

12.82

%

11.49

%

Net interest rate spread

2.91

%

2.63

%

2.97

%

2.90

%

2.87

%

2.83

%

2.80

%

Net yield on interest earning assets

3.32

%

3.08

%

3.38

%

3.30

%

3.29

%

3.26

%

3.22

%

Operating expenses to average assets

1.97

%

1.96

%

2.03

%

1.95

%

1.95

%

1.90

%

1.94

%

Efficiency ratio

52.88

%

58.97

%

55.91

%

47.96

%

55.43

%

54.37

%

56.10

%

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

0.11

%

0.11

%

0.11

%

0.11

%

0.15

%

0.09

%

0.11

%

Loan loss reserve to total loans, net

0.70

%

0.70

%

0.70

%

0.70

%

0.69

%

0.68

%

0.70

%

Stockholders' equity to assets

9.91

%

9.87

%

9.91

%

9.88

%

9.80

%

9.76

%

9.87

%

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

$

963,272

$

957,738

$

940,059

$

928,042

$

901,837

Cash & investment securities

14,262

11,268

12,469

12,030

14,901

Mortgage-backed securities

202,238

202,145

183,283

164,769

142,550

Total Investments

216,500

213,413

195,752

176,799

157,451

Consumer Loans receivable

339,609

338,202

343,646

348,499

344,494

Commercial Loans receivable

372,891

367,775

364,179

364,896

364,488

Loan loss reserve

(4,976

)

(4,964

)

(4,869

)

(4,841

)

(4,949

)

Total Loans receivable net

707,524

701,013

702,956

708,554

704,033

FHLB stock

6,590

7,183

7,054

7,507

5,435

Checking accounts

264,932

269,691

263,948

254,881

264,641

Savings accounts

211,587

208,990

201,898

205,057

207,953

Certificate of deposit accounts

234,451

223,301

215,601

212,064

217,567

Total Deposits

710,970

701,982

681,447

672,002

690,161

Advances

143,023

149,960

156,666

155,408

110,853

Total stockholders' equity

95,487

94,590

92,110

90,577

89,035

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

Source: Harleysville Financial Corporation
Harleysville Financial Corporation published this content on July 15, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 15, 2026 at 15:17 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]