Harleysville Monetary Corporation Announces a 3.7% Raise of the Regular Funds Dividend and Earnings for the 1st Fiscal Quarter 2021

HARLEYSVILLE, Pa.–(Business WIRE)–Harleysville Economical Corporation (OTCQX:HARL) described now that the Company’s Board of Directors declared…

HARLEYSVILLE, Pa.–(Business WIRE)–Harleysville Economical Corporation (OTCQX:HARL) described now that the Company’s Board of Directors declared a normal quarterly income dividend of $.28 per share on the Company’s popular inventory. This signifies an raise of 3.7% or $.01 for every share from the past dividend. The cash dividend will be payable on February 24, 2021 to stockholders of history on February 10, 2021.

Internet income for the quarter finished December 31, 2020 was $2,102,000 or $.56 for every diluted share in comparison to $1,906,000 or $.50 for each diluted share for the exact quarter last yr.

President and Main Govt Officer Brendan J. McGill said, “Based on the good fiscal final results of the quarter and our belief that we are positioned for the long run, we are delighted that we are capable to build added worth for our stockholders by rising the funds dividend to $.28 for each share.

As we go on to navigate through the COVID-19 pandemic and the resulting financial conditions, the effectively-becoming of our prospects, staff users, stockholders and the communities we serve stays at the forefront. We have and will keep on to fulfill our prospects requirements and support our communities by functioning our branches in a risk-free and socially accountable way.”

The Company’s belongings totaled $873.4 million in contrast to $784.5 million a yr in the past, and stockholders’ tangible e book value amplified to $21.23 for every share from $20.51 a calendar year ago.

Harleysville Economical Corporation is traded on the OTCQX market place underneath the symbol HARL (http://www.otcmarkets.com) and is the keeping corporation for Harleysville Financial institution. Founded in 1915, Harleysville Lender is a Pennsylvania chartered and federally insured financial institution, headquartered in Harleysville, PA. The Bank operates from 6 complete-support places of work found in Montgomery County and a person business positioned in Bucks County, Pennsylvania.

This presentation may possibly have forward-seeking statements (in just the meaning of the Non-public Securities Litigation Reform Act of 1995). Real benefits may well vary materially from the results discussed in these ahead-hunting statements. Factors that may well induce these a big difference consist of, but are not confined to, basic financial problems, alterations in interest rates, deposit flows, loan demand, serious estate values and opposition variations in accounting ideas, policies, or rules alterations in laws or regulation and other economic competitive, governmental, regulatory, and technological factors impacting the Firm’s operations, pricing, products and expert services.