MUNCY COLUMBIA FNCL - CCFN STOCK NEWS

Muncy Columbia Financial (OTCQX: CCFN), parent of Journey Bank, reported its Q3 2024 earnings. Net income for Q3 2024 was $5,056,000 ($1.42 per share), up from $1,171,000 ($0.56 per share) in Q3 2023. For the nine months ended September 30, 2024, net income was $13,799,000 ($3.86 per share), compared to $4,573,000 ($2.20 per share) in 2023.

Key financial metrics for Q3 2024 include:

• Return on average assets: 1.26%
• Return on average equity: 12.34%
• Fully-tax equivalent net interest margin (9 months): 3.40%
• Total consolidated assets: $1,607,322,000
• Non-performing assets: 0.53% of total assets
• Book value per share: $47.35
• Equity to assets ratio: 10.53%

The company reported increases in cash, loans receivable, and total deposits, while short-term borrowings decreased.

Muncy Columbia Financial (OTCQX: CCFN), the parent company of Journey Bank, has announced a regular quarterly cash dividend of $0.44 per share for the third quarter of 2024. The dividend will be payable on September 12, 2024, to shareholders of record as of August 27, 2024. This declaration brings the total dividends for 2024 to $1.32 per share, showing an increase from the $1.28 per share declared during the same period in 2023. The decision was made by the 's Board of Directors on August 13, 2024, demonstrating the company's commitment to providing consistent returns to its shareholders.

Muncy Columbia Financial (OTCQX: CCFN), parent of Journey Bank, reported strong Q2 2024 earnings. Net income reached $4,707,000 ($1.32 per share), up from $1,462,000 ($0.71 per share) in Q2 2023. For H1 2024, net income was $8,743,000 ($2.45 per share), compared to $3,402,000 ($1.64 per share) in H1 2023.

Key performance indicators improved significantly:

• Return on average assets: 1.20% (vs 0.71% in Q2 2023)
• Return on average equity: 12.28% (vs 7.63% in Q2 2023)
• Net interest margin: 3.36% (vs 2.32% in H1 2023)

Total assets stood at $1,592,300,000 as of June 30, 2024. The remains well-capitalized with an equity to assets ratio of 9.90%.

Muncy Columbia Financial (CCFN), the parent company of Journey Bank, announced key decisions made on May 14, 2024. The Board of Directors declared a regular quarterly cash dividend of $0.44 per share for Q2 2024, payable on June 13, 2024, to shareholders of record as of May 29, 2024. This brings the total dividends declared in 2024 to $0.88 per share, up from $0.85 per share in the same period in 2023.

The Board also authorized a new treasury stock repurchase program, enabling the repurchase of up to 178,614 shares, approximately 5% of the 's issued common shares as of May 14, 2024. The program will be effective until the shares are fully repurchased, or until May 14, 2026, unless terminated or suspended earlier by the Board. Repurchased shares will be held as treasury shares for various corporate purposes.

Muncy Columbia Financial , parent company of Journey Bank, reported its unaudited financial statements for Q1 2024. Net income increased to $4,036,000 compared to $1,940,000 in Q1 2023. Earnings per share rose to $1.13 from $0.93. Return on assets and equity improved to 1.02% and 10.52%. Total assets decreased to $1,573,271,000. Loans receivable increased while available-for-sale debt securities decreased. Total deposits rose while short-term borrowings dropped. Non-performing assets increased to $7,328,000, mainly due to one real estate loan. The remains well capitalized with an equity to assets ratio of 9.84%.

Muncy Columbia Financial Corporation (CCFN) has announced the approval for trading its common stock on OTC Markets Group Inc.'s OTCQX® Best Market, effective December 7, 2023. This move signifies an important milestone for community banks in the U.S. public markets, allowing for transparent trading and increased visibility for the company.

Muncy Columbia Financial Corporation (CCFN) completes the merger with Muncy Bank Financial, Inc. and The Muncy Bank and Trust Company, changing its name to MCFC and First Columbia Bank's name to Journey Bank. The merger unites the traditions of both banks, creating more career opportunities, expanding the footprint, and providing enhanced products and services to customers. The combined company has total assets of approximately $1.6 billion, deposits of approximately $1.23 billion, and loans of approximately $1 billion, serving individuals, families, nonprofits, and business clients in multiple counties through 22 banking offices and online at www.journeybank.com. The executive leadership team includes Lance Diehl, Robert J. Glunk, Jeffrey T. Arnold, Joseph O'Neill, Tammy L. Gunsallus, Paul Page, Jeffrey Whitenight, and Kevin Weinhoffer. Former MBF shareholders will receive 0.9259 shares of MCFC common stock for each share they own and cash in lieu of fractional shares, resulting in approximately 1.49 million shares of MCFC common stock and cash in lieu of fractional shares.

CCFNB and MBF shareholders approve merger, creating a leading community banking franchise in central Pennsylvania.

CCFNB and Muncy receive regulatory approvals for merger; expect to close on November 11, 2023.