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Community Heritage Financial Inc - CMHF STOCK NEWS

Welcome to our dedicated news page for Community Heritage Financial (Ticker: CMHF), a resource for investors and traders seeking the latest updates and insights on Community Heritage Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Community Heritage Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Community Heritage Financial's position in the market.

Rhea-AI Summary
Community Heritage Financial, Inc. (CMHF) reported a decrease in net income for 2023 compared to 2022, with a decline of $2.6 million. Despite the challenges of a volatile interest rate environment and uncertain economic conditions, the company experienced strong growth in total assets, loans, and deposits. However, the net interest margin declined due to increased funding costs and pressure on earnings. Operating expenses also increased, affecting overall financial performance.
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Community Heritage Financial, Inc. (CMHF) declared a quarterly cash dividend of $0.06 per share for its common stock. The dividend will be payable on February 9, 2024, to shareholders of record on February 2, 2024. The company is the parent of Middletown Valley Bank, which offers personal and business banking services, as well as mortgage lending services through its subsidiary, Millennium Financial Services, Inc. The bank has been operating since 1908 and has offices in various Maryland counties and Franklin County, Pennsylvania.
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Community Heritage Financial, Inc. (CMHF) announced the appointment of John A. Scaldara, Jr. as Executive Vice President – Finance of the Company and the Bank. Scaldara brings over 34 years of financial expertise and senior leadership experience in the banking industry. He will be transitioning to the role of Executive Vice President – Chief Financial Officer in the first quarter of 2024, replacing Robert Wolfe, who has served in his current role since 2020. The company also expressed gratitude to Wolfe for his service. Community Heritage Financial, Inc. is the parent company for Middletown Valley Bank and Millennium Financial Group, Inc. Middletown Valley Bank is a full-service commercial and retail bank with locations in Maryland and Pennsylvania, while Mlend is a full-service mortgage lender headquartered in Middletown, MD.
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Rhea-AI Summary
Community Heritage Financial reports net income of $3.37 million for the nine months ended September 30, 2023, compared to $5.41 million for the same period in 2022. Total assets grow from $974.3 million to $995.7 million. Loan balances increase by $1.1 million. Non-performing assets to total assets decrease from 0.20% to 0.19%. Net interest margin stabilizes at 2.69%. Operating expenses increase by $279 thousand. Allowance for credit losses to loans ratio decreases from 1.02% to 0.92%. Tangible book value per share increases from $22.86 to $23.18. Deposit balances increase by $38.1 million. Dividend of $0.06 per share declared.
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Community Heritage Financial, Inc. declares a quarterly cash dividend of $0.06 per share on its common stock.
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Community Heritage Financial Inc

OTC:CMHF

CMHF Rankings

CMHF Stock Data

50.27M
2.48M
20.39%
Commercial Banking
Finance and Insurance
Link
US
Middletown