HARLEYSVILLE, PA — Harleysville Financial Corporation (OTCQX: HARL) has declared a quarterly cash dividend of $0.33 per share, marking a 6.5% increase over the previous dividend. The payout will be made on February 19, 2025, to shareholders of record as of February 5, 2025.
The company reported net income of $2.01 million, or $0.55 per diluted share, for the quarter ended December 31, 2024, down from $2.51 million, or $0.69 per diluted share, in the same period last year.
President and CEO Brendan J. McGill highlighted the firm’s disciplined approach to pricing loans and deposits, enabling it to maintain competitive rates in a dynamic interest rate environment. “We are pleased to create additional value for our stockholders with the dividend increase,” McGill said.
Harleysville’s total assets rose to $861.3 million, up from $853.3 million a year earlier, while tangible book value per share increased to $24.13 from $23.05 during the same period.
The results underscore the company’s steady performance and its commitment to enhancing shareholder value.
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