Harleysville Financial Corporation Announces Regular Cash Dividend and Second Quarter Earnings for Fiscal Year 2026

Published: 2026-04-15 11:27:04 ET HARL

Published on 04/15/2026 at 11:27 am EDT

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 May 13, 2026 to stockholders of record on April 29, 2026.

Net income for the second quarter was $3,811,000 or $1.06 per diluted share compared to $2,130,000 or $0.59 per diluted share, for the same quarter last year. Results for the current quarter 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 second quarter was $2,672,00, representing a 25% increase over the same period last year.

Net income for the current six months ended March 31, 2026 amounted to $6,478,000 or $1.80 per diluted share compared to $4,136,000 or $1.14 per diluted share for the same six-month period a year ago. Excluding these BOLI benefits, net income for the six months ended was $5,339,000, representing a 29% increase over the same period last year.

Brendan J. McGill, President, and Chief Executive Officer of the Company, stated, “While our results for the quarter benefited from the BOLI income, we are encouraged by the bank’s growing financial resilience. With credit quality remaining high, we are seeing a steady increase in households choosing the personalized service of a locally managed community bank. Furthermore, our interest rate spread continues to trend upward. By pairing disciplined underwriting and expense control with a robust balance sheet, we are building a solid foundation for long-term growth.”

The Company’s assets totaled $957.7 million compared to $871.4 million a year ago. Stockholders’ tangible book value increased 8.2% to $26.39 per share from $24.40 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 office located in Bucks County, Pennsylvania.

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.

$

22,684

$

19,557

$

11,345

$

11,339

$

11,038

$

10,325

$

9,745

7,469

6,887

3,670

3,799

3,698

3,324

3,274

15,215

12,670

7,675

7,540

7,340

7,001

6,471

215

120

174

41

(84

)

118

(28

)

15,000

12,550

7,501

7,499

7,424

6,883

6,499

1,482

208

1,376

106

105

101

103

1,138

1,126

562

576

592

557

572

9,168

8,478

4,610

4,558

4,370

4,297

4,434

8,452

5,406

4,829

3,623

3,751

3,244

2,740

1,974

1,270

1,018

956

884

713

610

$

6,478

$

4,136

$

3,811

$

2,667

$

2,867

$

2,531

$

2,130

$

1.81

$

1.14

$

1.06

$

0.74

$

0.80

$

0.70

$

0.59

$

1.80

$

1.14

$

1.06

$

0.74

$

0.77

$

0.70

$

0.59

$

0.68

$

0.64

$

0.35

$

0.33

$

0.33

$

0.33

$

0.33

$

26.39

$

24.40

$

26.39

$

25.67

$

25.25

$

24.80

$

24.40

3,584,924

3,605,824

3,584,924

3,587,996

3,587,377

3,589,883

3,605,824

3,585,698

3,628,464

3,583,788

3,587,579

3,589,417

3,591,861

3,624,490

3,607,441

3,635,410

3,610,073

3,604,675

3,719,559

3,597,353

3,631,337

1.38

%

0.96

%

1.61

%

1.14

%

1.25

%

1.14

%

0.99

%

14.11

%

9.45

%

16.45

%

11.72

%

12.82

%

11.49

%

9.66

%

2.89

%

2.55

%

2.90

%

2.87

%

2.83

%

2.80

%

2.63

%

3.30

%

3.01

%

3.30

%

3.29

%

3.26

%

3.22

%

3.07

%

1.95

%

1.97

%

1.95

%

1.95

%

1.90

%

1.94

%

2.06

%

51.40

%

60.54

%

47.96

%

55.43

%

54.37

%

56.10

%

62.05

%

0.11

%

0.14

%

0.11

%

0.15

%

0.09

%

0.11

%

0.14

%

0.70

%

0.69

%

0.70

%

0.69

%

0.68

%

0.70

%

0.69

%

9.88

%

10.10

%

9.88

%

9.80

%

9.76

%

9.87

%

10.10

%

$

957,738

$

940,059

$

928,042

$

901,837

$

871,430

11,268

12,469

12,030

14,901

13,577

202,145

183,283

164,769

142,550

125,115

213,413

195,752

176,799

157,451

138,692

338,202

343,646

348,499

344,494

341,850

367,775

364,179

364,896

364,488

357,076

(4,964

)

(4,869

)

(4,841

)

(4,949

)

(4,828

)

701,013

702,956

708,554

704,033

694,098

7,183

7,054

7,507

5,435

3,874

269,691

263,948

254,881

264,641

266,215

208,990

201,898

205,057

207,953

214,159

223,301

215,601

212,064

217,567

216,918

701,982

681,447

672,002

690,161

697,292

149,960

156,666

155,408

110,853

74,016

94,590

92,110

90,577

89,035

87,986

View source version on businesswire.com: https://www.businesswire.com/news/home/20260415238026/en/