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ELMER BANCORP INC - ELMA STOCK NEWS

Welcome to our dedicated page for ELMER BANCORP news (Ticker: ELMA), a resource for investors and traders seeking the latest updates and insights on ELMER BANCORP stock.

ELMER BANCORP INC (symbol: ELMA) is a financial services company specializing in providing a comprehensive range of banking products and services. The company is focused on delivering personalized banking experiences to both individual and business customers. ELMER BANCORP INC operates through a network of branches and ATMs, ensuring accessibility and convenience for its clients.

ELMER BANCORP INC’s core business includes personal and commercial banking, mortgage lending, and wealth management services. The company prides itself on its strong customer relationships and commitment to community development. By offering competitive rates and innovative financial solutions, ELMER BANCORP INC aims to meet the diverse needs of its clientele.

Recent achievements for ELMER BANCORP INC include the introduction of new digital banking features, which enhance the user experience through improved online and mobile banking services. The company has also reported steady financial growth, reflecting robust operational performance and prudent risk management strategies.

As part of its current projects, ELMER BANCORP INC is expanding its reach in underserved markets, emphasizing financial inclusion and support for small businesses. The company has formed strategic partnerships with fintech firms to integrate cutting-edge technologies, further enhancing its service offerings.

Financially, ELMER BANCORP INC is in a stable condition. The company has maintained a strong capital base and consistent revenue streams, driven by its customer-centric approach and efficient operational model. The emphasis on sound financial practices ensures long-term sustainability and growth potential.

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Elmer Bancorp (OTC Pink: ELMA) reported Q3 2024 net income of $712,000 ($0.62 per share), down from $771,000 ($0.67 per share) in Q3 2023. Nine-month net income was $2.136 million ($1.87 per share), compared to $2.544 million ($2.21 per share) in 2023. Total assets increased to $381.7 million, with loans reaching $300.9 million and deposits growing to $344.4 million. The bank's net interest income decreased due to higher deposit costs, though loan growth was positive at 5.0% year-over-year. Book value per share improved to $30.77 from $27.44 year-over-year.

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Elmer Bancorp (OTC Pink: ELMA), parent company of The First National Bank of Elmer, has announced a cash dividend of $0.20 per common share. The dividend will be payable on November 1, 2024 to shareholders of record as of the close of business on October 15, 2024. Brian W. Jones, President and CEO, expressed gratitude for shareholder support as the bank continues to grow and serve local communities.

The First National Bank of Elmer, founded in 1903, is a nationally chartered bank headquartered in Elmer, New Jersey. It operates six full-service branch offices across Cumberland, Gloucester, and Salem Counties, offering deposit and loan products to retail customers and small to mid-sized businesses. Deposits at the bank are insured up to the legally maximum amount by the FDIC.

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Elmer Bancorp (OTC Pink: ELMA) reported its Q2 2024 financial results. Net income for Q2 2024 was $793,000 ($0.69 per diluted share), down from $949,000 ($0.83 per diluted share) in Q2 2023. For the first half of 2024, net income was $1.424 million ($1.25 per diluted share), compared to $1.773 million ($1.54 per diluted share) in H1 2023. Net interest income decreased to $3.629 million in Q2 2024 from $3.826 million in Q2 2023. Total assets increased to $383.0 million, up $21.9 million year-over-year. Loans grew to $300.3 million, a $13.2 million increase, while deposits rose by $19.0 million to $347.3 million. The bank maintains a strong capital position, with book value per share increasing to $29.53 from $27.00 a year ago.

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Elmer Bancorp, Inc. reported its first quarter 2024 financial results, showing a net income of $631,000, or $0.55 per average diluted common share, a decrease from the previous year. The net interest income decreased due to lower interest income on overnight investments, while non-interest income increased slightly. Total assets decreased to $360.6 million, with loans increasing but deposits decreasing. Stockholders' equity was $33.1 million, meeting regulatory capital requirements. The bank declared a cash dividend of $0.20 per common share and announced its Annual Meeting of Shareholders.
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Elmer Bancorp, Inc., parent company of The First National Bank of Elmer, declared a cash dividend of $0.20 per common share, payable on May 1, 2024. The Annual Meeting of Shareholders is scheduled for June 4, 2024.
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Elmer Bancorp, Inc. declared a special one-time cash dividend of $0.10 per common share in recognition of their record earnings in 2023. The dividend is payable on March 1, 2024, to shareholders of record as of February 15, 2024. The company's president and CEO expressed gratitude towards shareholders, customers, and employees for their support. The First National Bank of Elmer, the company's subsidiary, has a long history of community service and operates six full-service branch offices in New Jersey.
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Elmer Bancorp, Inc. reports net income of $638,000 for the fourth quarter, a decrease from $1.025 million in the previous year. For the full year, net income was $3.181 million, an increase from $2.604 million in the previous year. Net interest income increased for both the quarter and the year. Non-interest income, on the other hand, increased for the quarter but decreased for the year. Non-interest expenses were higher for both the quarter and the year. The bank's total assets decreased, while total loans and deposits increased. Stockholders' equity and book value per common share also increased.
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Elmer Bancorp, Inc. reports net income of $771,000 for Q3 2023, an increase from $759,000 in Q3 2022. Net interest income for Q3 2023 is $3.688 million, up from $3.332 million in Q3 2022. Total assets decreased to $353.7 million from $385.6 million in September 2022. Deposits decreased to $320.1 million from $355.4 million in September 2022. Stockholders' equity increased to $31.6 million. The Bank is well-capitalized.
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Elmer Bancorp declares cash dividend of $0.20 per common share, payable on November 1, 2023. The First National Bank of Elmer has a long history of serving the community since 1903.
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FAQ

What is the current stock price of ELMER BANCORP (ELMA)?

The current stock price of ELMER BANCORP (ELMA) is $21.6 as of November 20, 2024.

What is the market cap of ELMER BANCORP (ELMA)?

The market cap of ELMER BANCORP (ELMA) is approximately 24.8M.

What services does ELMER BANCORP INC offer?

ELMER BANCORP INC offers personal and commercial banking, mortgage lending, and wealth management services.

What recent achievements has ELMER BANCORP INC made?

The company has introduced new digital banking features and reported steady financial growth.

What are the current projects of ELMER BANCORP INC?

ELMER BANCORP INC is expanding its reach in underserved markets and forming partnerships with fintech firms.

How is the financial condition of ELMER BANCORP INC?

The company is financially stable with a strong capital base and consistent revenue streams.

Where can I access ELMER BANCORP INC services?

The services can be accessed through their network of branches and ATMs, as well as online and mobile banking platforms.

How does ELMER BANCORP INC support community development?

The company focuses on financial inclusion, supporting small businesses, and forming community-centric initiatives.

What is ELMER BANCORP INC's approach to risk management?

The company employs prudent risk management strategies to ensure robust operational performance.

Has ELMER BANCORP INC partnered with any technology firms?

Yes, ELMER BANCORP INC has formed strategic partnerships with fintech firms to integrate advanced technologies.

What is the company's customer service approach?

ELMER BANCORP INC prioritizes personalized banking experiences and strong customer relationships.

How does ELMER BANCORP INC's digital banking services enhance user experience?

The new digital banking features provide an improved and seamless online and mobile banking experience.

ELMER BANCORP INC

OTC:ELMA

ELMA Rankings

ELMA Stock Data

24.80M
12.04M
Banks - Regional
Financial Services
Link
United States of America
Elmer