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Harleysville Financial Corporation (symbol: HARL), a prominent financial institution, operates primarily in the regional banking sector. With a robust presence across multiple states including Montana, Idaho, Utah, Washington, Wyoming, and Colorado, HARL offers a wide array of commercial banking services tailored to meet the diverse needs of its clients.
Headquartered in Kalispell, Montana, Harleysville Financial Corporation serves as the parent company for several bank divisions. These include Glacier Bank in Kalispell, and various other regional banks such as First Security Bank of Missoula, Valley Bank of Helena, Big Sky Western Bank of Bozeman, Western Security Bank of Billings, and First Bank of Montana in Lewistown. Additionally, it oversees operations of Mountain West Bank in Coeur d'Alene serving Idaho, Utah, and Washington; Citizens Community Bank in Pocatello, Idaho; 1st Bank in Evanston, Wyoming and Utah; First Bank of Wyoming in Powell; First State Bank in Wheatland, Wyoming; North Cascades Bank in Chelan, Washington; and Bank of the San Juans in Durango, Colorado.
Harleysville Financial Corporation is dedicated to providing comprehensive financial services that include personal and business banking solutions, loans, mortgages, and investment opportunities. The corporation's extensive network of branches ensures accessibility and personalized service for its customers. In recent years, HARL has made significant strides in digital banking, enhancing its online and mobile banking platforms to offer seamless and secure financial management tools for its clients.
The company's financial health remains strong, with consistent performance indicators reflecting its stability and growth potential. Harleysville Financial Corporation also prides itself on maintaining strong community ties, often participating in and supporting local initiatives and economic development programs.
As of the latest updates, HARL continues to innovate and expand its service offerings to meet the evolving needs of its customers, ensuring a secure and prosperous financial future for all its stakeholders.
- Headquartered in Kalispell, Montana
- Operates in Montana, Idaho, Utah, Washington, Wyoming, and Colorado
- Offers a range of commercial banking services
- Focus on digital banking and customer service
- Strong community involvement and support
Harleysville Financial (OTCQX:HARL) has announced a 6.5% increase in its quarterly cash dividend to $0.33 per share, payable on February 19, 2025. The company reported net income of $2,006,000 ($0.55 per diluted share) for the quarter ended December 31, 2024, compared to $2,510,000 ($0.69 per diluted share) in the same quarter last year.
Total assets reached $861.3 million, up from $853.3 million a year ago, while stockholders' tangible book value increased to $24.13 per share from $23.05. The company maintains its focus on disciplined pricing of loans and deposits while providing competitive rates to customers in the current interest rate environment.
Harleysville Financial (OTCQX:HARL) has announced its financial results for the fiscal year ended September 30, 2024, and declared a regular quarterly cash dividend of $0.31 per share. Net income for the fiscal year 2024 was $8,860,000 or $2.43 per diluted share, compared to $12,223,000 or $3.29 per diluted share in fiscal year 2023. For the fourth quarter of 2024, net income was $2,051,000 or $0.56 per diluted share, down from $3,018,000 or $0.82 per diluted share in the same quarter of 2023.
The company reported total assets of $863.0 million, up from $842.3 million a year ago. Stockholders' book value increased 0.3% to $23.83 per share. Despite margin compression in the banking industry, Harleysville Financial highlighted positive loan growth, increased deposit accounts, a strong efficiency ratio, and improved asset quality.
Harleysville Financial (OTCQX:HARL) has declared a regular quarterly cash dividend of $0.31 per share, payable on August 14, 2024. The company reported net income of $2,186,000 or $0.60 per diluted share for the third quarter of fiscal year 2024, compared to $2,801,000 or $0.76 per diluted share for the same quarter last year. For the nine months ended June 30, 2024, net income was $6,809,000 or $1.87 per diluted share, down from $9,205,000 or $2.47 per diluted share in the previous year.
Despite facing net interest margin compression, the company noted positive commercial and consumer loan growth. Total assets increased to $863.9 million from $829.9 million a year ago, while stockholders' tangible book value rose 1.7% to $23.65 per share. Harleysville Financial maintains strong asset quality and capital levels as it navigates the current economic environment.
Harleysville Financial Corporation (OTCQX:HARL) announced a quarterly cash dividend of $0.30 per share, payable on May 17, 2023, to stockholders of record on May 3, 2023. For Q2, net income reached $3,073,000 ($0.82 per diluted share), a significant increase from $1,827,000 ($0.49 per diluted share) in the previous year. For the six months ending March 31, 2023, net income totaled $6,404,000 ($1.71 per diluted share), compared to $3,682,000 ($0.98 per diluted share) in the same period last year. The Company reports a solid balance sheet and strong credit quality, while assets decreased to $842.9 million from $917.6 million a year ago. Tangible book value rose 3.4% to $22.79 per share. CEO Brendan J. McGill emphasized cautious optimism amid economic uncertainty due to inflation control efforts by the Federal Reserve.
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