Community Herita Stock Price, News & Analysis

Community Heritage Financial, Inc. (OTC PK: CMHF) reported a net income of $5.41 million or $2.40 per share for the nine months ended September 30, 2022, reflecting a 13.7% increase from the previous year. However, third quarter income was $1.52 million, down 26.6% from the previous quarter. Total assets grew to $909.7 million, driven by a $34.5 million loan increase. While net interest income rose, higher operating expenses and reduced non-interest income affected earnings. The company declared a $0.04 per share dividend, payable on November 11, 2022.

Community Heritage Financial, Inc. (OTCPK: CMHF) has declared a quarterly cash dividend of $0.04 per share, payable on November 11, 2022. Shareholders of record on November 4, 2022 will receive this dividend. This decision reflects the company's ongoing commitment to returning value to its shareholders. The parent company of Middletown Valley Bank, Community Heritage Financial operates across several Maryland counties and Franklin County, Pennsylvania, providing a range of banking services.

Community Heritage Financial announced the successful closing of its public offering of 600,000 shares of common stock at $21.00 per share, generating approximately $12.6 million in gross proceeds. After deductions, net proceeds are expected to be around $11.4 million. Piper Sandler acted as the sole manager and has a 30-day option to purchase an additional 90,000 shares. The offering statement was qualified by the SEC on September 28, 2022. This funding aims to bolster the company's financial position and support its banking operations.

Community Heritage Financial announced on October 3, 2022, that its subsidiary, Middletown Valley Bank, experienced unauthorized access to its information technology system on October 1. The Bank swiftly implemented containment measures and is conducting an investigation, but currently believes no customer information was compromised. The incident is not expected to materially impact business operations, and normal banking services will continue.

Community Heritage Financial, Inc. (OTC PK: CMHF) has priced its public offering of 600,000 shares of common stock at $21.00 per share, aiming for gross proceeds of approximately $12.6 million. After deducting expenses, net proceeds are expected to be around $11.4 million. The offering will be conducted through Piper Sandler & Co., with a potential additional 90,000 shares available for over-allotments. The offering is scheduled to close on October 3, 2022, following SEC qualification on September 28, 2022.

Community Heritage Financial, Inc. (OTC PK: CMHF) announced a public offering of 1,500,000 shares of common stock priced between $21.00 and $23.00 each. The offering, managed by Piper Sandler & Co., includes a 30-day option for the underwriter to purchase an additional 225,000 shares. Proceeds will primarily enhance the Bank's lending capacity and may fund acquisitions or general corporate purposes. The SEC qualified the offering statement on September 9, 2022.

Community Heritage Financial, Inc. (CMHF) reported a strong performance for the six months ended June 30, 2022, with net income of $3.89 million, a 55.6% increase from $2.50 million in the prior year. The second quarter net income was $2.07 million, an increase from $1.82 million in Q1 2022. Total assets grew to $872.6 million, bolstered by $20.6 million in deposits. Loan balances reached $692.8 million, increasing by $48.9 million since March 31, 2022. However, non-interest income decreased by 24.7% year-over-year, and operating expenses rose by 4.6% compared to Q1 2022.

Community Heritage Financial, Inc. (OTCPK: CMHF) has declared a quarterly cash dividend of $0.04 per share on its common stock. The dividend is set to be paid on August 5, 2022, to shareholders on record as of July 29, 2022. The company, which operates through its subsidiary Middletown Valley Bank, provides various banking services in Maryland and Pennsylvania. Established in 1908, the Bank continues to support the local communities through its financial offerings.

Community Heritage Financial, Inc. (OTC PK: CMHF) reported a net income of $1.82 million or $0.81 per share for Q1 2022, marking a 13.1% increase from Q1 2021. The company experienced significant balance sheet growth, with core deposits rising by $33.5 million and core loan growth of $43.1 million. Interest income increased $293 thousand compared to Q4 2021, while net interest income grew by $357 thousand. However, tangible book value per share decreased by 10.7% to $21.94.