Top Performing Bank-the Piper Sandler Bank & Thrift Sm-All Stars Class of 2021

Rhea-AI Summary

HV Bancorp, Inc. (Nasdaq: HVBC) has been named to the 2021 Piper Sandler Bank & Thrift Sm-All Stars, recognizing it as one of the top 35 small-cap banks in the U.S. This honor is awarded based on profitability, credit quality, capital strength, and growth metrics, with HVB being the smallest institution by market cap to achieve this status. The selection underscores HV Bancorp’s commitment to excellence in banking and its strategic focus on customer service.

Positive

• Named one of the top 35 small-cap banks in the U.S. by Piper Sandler.
• Achieved Sm-All Star status for outperforming industry medians in key performance metrics.
• Recognized for profitability, credit quality, capital strength, and growth.

Negative

• None.

DOYLESTOWN, Pa., Oct. 28, 2021 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank “HVB”, has been named to the prestigious Piper Sandler Bank & Thrift Sm-All Stars Class of 2021.

The Piper Sandler Sm-All Stars is awarded to the 35 highest performing small-cap banks and thrifts in the country, with an objective to identify “the next crop of stellar mid-cap banks before they are discovered by the rest of the world.”

To earn Sm-All Star status, companies must have a market cap below $2.5 billion and meet several performance hurdles related to profitability, credit quality, capital strength, and growth, including outperforming industry medians in return on average equity and deposit, loan, and earnings per share growth. HVB was the smallest institution by market cap and asset size to achieve this honor.

Travis J. Thompson, Esq., Chairman & CEO, commented, “This award recognizes HV Bancorp as a member of an elite group of 35 of the highest performing Small-Cap Banks and Thrifts in the country. We celebrate and truly appreciate the dedication of the HVB team who remain acutely focused on our mission to Bring Joy To Our Customers Through Banking.”

About HV Bancorp, Inc.

HV Bancorp, Inc. (Nasdaq Capital Market: HVBC) is a bank holding company headquartered in Doylestown, PA. Through its wholly owned subsidiary Huntingdon Valley Bank, we primarily serve communities located in Montgomery, Bucks and Philadelphia Counties in Pennsylvania, New Castle County in Delaware, and Burlington County in New Jersey from our executive office, eight full service bank offices and one limited service bank office. We also operate four loan production offices in our geographical footprint.

Forward-Looking Statements
Certain statements contained herein are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by reference to a future period or periods, or by the use of forward looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of those terms. Such forward-looking statements are subject to risk and uncertainties described in our SEC filings, which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, the negative impact of severe wide-ranging and continuing disruptions caused by the spread of coronavirus COVID-19 on current operations, customers and the economy in general, changes in interest rate environment, increases in nonperforming loans, legislative and regulatory changes that adversely affect the business of the Company and the Bank, and changes in the securities markets. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements to reflect changes in belief, expectations or event.

Contact: Joseph C. O’Neill, Jr.,
EVP/ Chief Financial Officer
(267) 280-4000 

FAQ

What is the significance of HV Bancorp being named a Sm-All Star in 2021?

Being named a Sm-All Star by Piper Sandler highlights HV Bancorp's strong performance in profitability, credit quality, and growth, positioning it favorably among small-cap banks.

What criteria did HV Bancorp meet to receive the Sm-All Star award?

HV Bancorp met several performance hurdles related to profitability, capital strength, and growth, specifically outperforming industry medians in return on average equity, loans, and earnings per share.

What is the market cap of HV Bancorp that qualified it for the Sm-All Stars?

HV Bancorp has a market cap below $2.5 billion, making it eligible for the Piper Sandler Sm-All Stars recognition.

Who commented on HV Bancorp's Sm-All Star recognition?

Travis J. Thompson, Chairman & CEO, commented on the recognition of HV Bancorp as part of an elite group of small-cap banks.

How does the Sm-All Star award affect HV Bancorp's stock performance?

While the Sm-All Star award itself does not guarantee stock performance, it can enhance investor perception and credibility, potentially impacting demand for HVBC shares positively.