Welcome to our dedicated page for Muncy Columbia news (Ticker: CCFN), a resource for investors and traders seeking the latest updates and insights on Muncy Columbia stock.
Muncy Columbia Financial Corporation (OTCQX: CCFN) is a financial holding company in the commercial banking industry and the parent of Journey Bank. The Corporation is headquartered in Bloomsburg, Pennsylvania, and its public communications focus on earnings performance, capital strength and shareholder distributions. This news page aggregates those announcements so investors can review the company’s reported financial and strategic developments in one place.
Company press releases frequently cover unaudited consolidated financial results for quarterly and annual periods. These updates include net income, earnings per share, net interest income, provisions for credit losses, non-interest income and non-interest expense, along with key ratios such as fully tax-equivalent net interest margin, return on average assets and return on average equity. Management commentary often explains significant changes in interest income, interest expense and operating costs.
Dividend activity is another recurring theme in Muncy Columbia Financial Corporation’s news. The Board of Directors has announced regular quarterly cash dividends and has disclosed dividend increases compared to prior periods. In addition, the Corporation has reported a special one-time cash dividend, linking this to record earnings and the outcome of a strategic merger with Muncy Bank Financial, Inc.
Operational and balance sheet topics also appear in the company’s news flow. Releases describe trends in total assets, loans receivable, deposits, short-term and long-term borrowings, and non-performing assets. The Corporation has highlighted a strategic initiative to reposition customer repurchase agreements, classified as short-term borrowings, into core deposit accounts to support long-term liquidity and balance sheet management strategies.
Investors and observers can use this news feed to follow Muncy Columbia Financial Corporation’s reported financial results, dividend declarations, asset quality metrics and other material updates as disclosed in its press releases and related SEC filings.
Muncy Columbia Financial (OTCQX: CCFN), parent of Journey Bank, reported its Q3 2024 earnings. Net income for Q3 2024 was $5,056,000 ($1.42 per share), up from $1,171,000 ($0.56 per share) in Q3 2023. For the nine months ended September 30, 2024, net income was $13,799,000 ($3.86 per share), compared to $4,573,000 ($2.20 per share) in 2023.
Key financial metrics for Q3 2024 include:
- Return on average assets: 1.26%
- Return on average equity: 12.34%
- Fully-tax equivalent net interest margin (9 months): 3.40%
- Total consolidated assets: $1,607,322,000
- Non-performing assets: 0.53% of total assets
- Book value per share: $47.35
- Equity to assets ratio: 10.53%
The company reported increases in cash, loans receivable, and total deposits, while short-term borrowings decreased.
Muncy Columbia Financial (OTCQX: CCFN), the parent company of Journey Bank, has announced a regular quarterly cash dividend of $0.44 per share for the third quarter of 2024. The dividend will be payable on September 12, 2024, to shareholders of record as of August 27, 2024. This declaration brings the total dividends for 2024 to $1.32 per share, showing an increase from the $1.28 per share declared during the same period in 2023. The decision was made by the 's Board of Directors on August 13, 2024, demonstrating the company's commitment to providing consistent returns to its shareholders.
Muncy Columbia Financial (OTCQX: CCFN), parent of Journey Bank, reported strong Q2 2024 earnings. Net income reached $4,707,000 ($1.32 per share), up from $1,462,000 ($0.71 per share) in Q2 2023. For H1 2024, net income was $8,743,000 ($2.45 per share), compared to $3,402,000 ($1.64 per share) in H1 2023.
Key performance indicators improved significantly:
- Return on average assets: 1.20% (vs 0.71% in Q2 2023)
- Return on average equity: 12.28% (vs 7.63% in Q2 2023)
- Net interest margin: 3.36% (vs 2.32% in H1 2023)
Muncy Columbia Financial (CCFN), the parent company of Journey Bank, announced key decisions made on May 14, 2024. The Board of Directors declared a regular quarterly cash dividend of $0.44 per share for Q2 2024, payable on June 13, 2024, to shareholders of record as of May 29, 2024. This brings the total dividends declared in 2024 to $0.88 per share, up from $0.85 per share in the same period in 2023.
The Board also authorized a new treasury stock repurchase program, enabling the repurchase of up to 178,614 shares, approximately 5% of the 's issued common shares as of May 14, 2024. The program will be effective until the shares are fully repurchased, or until May 14, 2026, unless terminated or suspended earlier by the Board. Repurchased shares will be held as treasury shares for various corporate purposes.
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