ELMER BANCORP INC - ELMA STOCK NEWS

Elmer Bancorp (OTC Pink: ELMA) reported its Q4 and full-year 2024 financial results. Q4 net income reached $715,000 ($0.63 per share), up from $638,000 ($0.56 per share) in Q4 2023. Full-year 2024 net income was $2.851 million ($2.50 per share), compared to $3.181 million ($2.77 per share) in 2023.

Total assets increased to $380.7 million, up $16.1 million from 2023. Loans grew to $314.4 million, a $24.7 million increase, while deposits rose to $343.5 million, up $13.4 million. The bank's book value per share improved to $30.91 from $28.62.

The company opened a new loan processing office in Burlington County and successfully completed a money market and CD promotion that increased deposits by over $20 million. The 2024 net income represents the second-best year of earnings in the bank's history.

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.

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.

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.

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.

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.

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.

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.

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.