Juniata Valley Finl Corp - JUVF STOCK NEWS

Juniata Valley Financial Corp. (OTCQX:JUVF) reported Q3 2024 net income of $1.6 million ($0.33 per share), down from $1.8 million ($0.36 per share) in Q3 2023. For the nine months ended September 30, 2024, net income was $4.7 million compared to $4.9 million in the same period of 2023. The company saw a 2.0% increase in net interest income and an 11.1% rise in noninterest income compared to Q3 2023. Asset quality remained strong with delinquent and nonperforming loans at 0.2% of total loans. Total assets decreased by 1.5% to $858.0 million, while total loans increased by 2.4% compared to December 2023.

Juniata Valley Financial Corp. (OTCQX:JUVF) reported net income of $1.7 million for Q2 2024, a 24.9% increase from Q2 2023. Earnings per share rose 25% to $0.35. The company achieved this through disciplined pricing of loans and deposits, resulting in a 1.9% increase in net interest income. Noninterest income grew 7.3%, while noninterest expense decreased 6.6%. Asset quality remains strong, with delinquent and nonperforming loans at only 0.2% of total loans.

For the first half of 2024, net income remained stable at $3.1 million. The annualized return on average assets was 0.72%, down 4% from H1 2023. Net interest margin decreased to 2.68% from 2.81% in the same period last year. Total assets as of June 30, 2024, were $862.7 million, a 0.9% decrease from December 31, 2023. The company maintains a strong liquidity position with significant borrowing capacity.

Juniata Valley Financial Corp. reported a decrease in net income for the first quarter of 2024 compared to the same period in 2023, alongside various financial metrics showing changes in interest income, expenses, and asset quality. The company highlighted challenges in the banking industry related to net interest margin compression due to rising fund costs. Despite the decrease in net income, Juniata emphasized solid loan growth, increased non-interest income, and strong asset quality. The company also mentioned completed core conversion and plans for focusing on earning asset growth and operating efficiencies in 2024.

Juniata Valley Financial Corp. (JUVF) announced a decrease in net income and earnings per share for the three months and year ended December 31, 2023, compared to the same periods in 2022. The company faced challenges due to increased funding costs, leading to net interest margin compression. Despite this, the company is optimistic about the future and aims to continue building on solid loan growth while maintaining credit quality and improving efficiencies.

Juniata Valley Financial Corp. reports net income of $1.8 million for Q3 2023, a decrease compared to Q3 2022.

Juniata Valley Financial Corp. (JUVF) reported a decrease in net income for the three months ended June 30, 2023, compared to the same period in 2022. Earnings per share also decreased. However, the company's president highlighted strong fundamentals and successful integration of a new branch. Year-to-date, the annualized return on average assets decreased, while the return on average equity increased. Net interest income and non-interest income decreased slightly, while non-interest expense increased. Total assets increased, primarily due to an increase in cash and cash equivalents and total loans. The company maintains a strong liquidity position.

Juniata Valley Financial Corp. (OTCQX:JUVF) reported a net income of $1.7 million for the three months ended March 31, 2023, representing an 18.1% decrease from the $2.1 million earned in the same period last year. The earnings per share (EPS) declined to $0.35 from $0.42. The annualized return on average assets was 0.83% versus 1.04% in 2022, while the return on average equity increased to 18.80% from 12.55%. Net interest income decreased slightly to $5.8 million, with a net interest margin drop to 2.85% from 3.17%. The company adopted a new credit loss standard, increasing the allowance for credit losses by $1.1 million. Non-interest income fell 4.9% to $1.2 million, though non-interest expenses decreased 2.2% to $4.8 million.

On March 24, 2023, Juniata Valley Financial Corp. (OTCQX: JUVF) welcomed Christina Calkins-Mazur as a director for both the corporation and its subsidiary, The Juniata Valley Bank. Calkins-Mazur, a seasoned professional with a strong community service background, has held numerous leadership roles, including Chair of the Mifflin County Industrial Development Authority. She brings valuable experience from running her family business and serving on various community boards. This appointment aims to enhance the bank's strategic direction and community engagement.