Overview
* Harleysville Financial Corp ( HARL ) fiscal yr net income rises to $9.534 mln from $8.860 mln
* Q4 net income increases to $2.867 mln from $2.051 mln yr/yr
* Company declares regular quarterly cash dividend of $.33 per share
Outlook
* Company anticipates conservative customer borrowing due to economic uncertainty
* Company plans to offer competitive rates on loans and deposits
Result Drivers
* LOAN GROWTH - Co attributes strong performance to notable growth in loans
* INTEREST MARGIN - Improved interest margin supported strong financial results
* ASSET QUALITY - Excellent asset quality contributed to robust financial results
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q4 Net $2.86
Income mln
Q4 Net $7.34
Interest mln
Income
Q4 $3.75
Pretax mln
Profit
Q4 $84,000
Provisio
n for
Loan
Losses
Press Release:
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)