Harleysville Financial Corporation Announces Earnings for the Fiscal Year Ended September 30, 2026, and the Declaration of Regular Cash Dividend
HARLEYSVILLE, Pa., October 21, 2026--Harleysville Financial Corporation (OTCQX:HARL) reported today that the Company's Board of Directors declared a regular quarterly cash dividend of $.35 per share on the Company's common stock. The cash dividend will be payable on November 18, 2026 to stockholders of record on November 4, 2026.
Net income for the twelve months ended September 30, 2026 amounted to $12,447,000 or $3.45 per diluted share compared to $9,534,000 or $2.61 per diluted share for the twelve months ended September 30, 2025. Results for the current twelve months include non-recurring Bank Owned Life Insurance ("BOLI") net benefits of $1,139,000 or $0.32 per diluted share. Excluding these BOLI benefits, net income for the twelve months was $11,308,000, representing a 19% increase over the same period last year.
Net income for the fourth quarter of fiscal year 2026 amounted to $3,019,000 or $.83 per diluted share compared to $2,867,000 or $.77 per diluted share for the fourth quarter of fiscal year 2025.
President and Chief Executive Officer Brendan J. McGill commented, "We are pleased to report strong financial results for fiscal year 2026, delivering solid earnings of $12,447,000. While our results for the year benefited from BOLI income, we are encouraged by the bank's growing financial resilience. Our balance sheet remains robust, driven by notable growth in loans and consistent deposit retention. This performance was further supported by a healthy net interest margin, an efficient operating ratio, and excellent asset quality. As we enter fiscal 2027 amid ongoing economic volatility, we remain committed to strict financial discipline, maintaining a resilient balance sheet, and upholding the high credit quality standards our shareholders expect."
The Company's assets totaled $977.2 million compared to $928.0 million a year ago. Stockholders' book value increased 7.6% to a record $27.17 per share from $25.25 a year ago.
Harleysville Financial Corporation is traded on the OTCQX market under the symbol HARL (http://www.otcmarkets.com) and is the holding company for Harleysville Bank. Established in 1915, Harleysville Bank is a Pennsylvania chartered and federally insured bank, headquartered in Harleysville, PA. The Bank operates from six full-service offices located in Montgomery County and one full-service office located in Bucks County, Pennsylvania, along with a loan production office in Chester County.
This presentation may contain forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995). Actual results may differ materially from the results discussed in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic; competitive, governmental, regulatory, and technological factors affecting the Company's operations, pricing, products, and services.