Welcome to our dedicated page for Elmer Bancorp news (Ticker: ELMA), a resource for investors and traders seeking the latest updates and insights on Elmer Bancorp stock.
Elmer Bancorp, Inc. (ELMA) is the parent company of The First National Bank of Elmer, a nationally chartered community bank headquartered in Elmer, New Jersey. The company trades on the OTC Pink market and operates within the commercial banking segment of the finance and insurance sector. Its news flow offers insight into the performance and activities of a regional community banking organization.
News releases for Elmer Bancorp regularly cover quarterly financial results, including net interest income, non-interest income, non-interest expenses, provisions for loan losses under the CECL model, and net income. These updates also highlight balance sheet items such as total assets, total loans, total deposits, and stockholders’ equity, giving readers a view of the bank’s loan growth, deposit trends, and capital position.
Investors and observers will also find dividend announcements, including recurring cash dividends and special cash dividends declared by the Board of Directors. Management commentary in these releases often explains the rationale for dividend decisions and reflects the company’s perspective on earnings and shareholder returns.
Additional news items may include information about Annual Meeting of Shareholders dates and locations, record dates for voting and dividend eligibility, and other corporate governance events. Because The First National Bank of Elmer focuses on deposit and loan products for retail customers and small and mid-sized businesses in its New Jersey markets, the company’s news provides context on how a community bank holding company manages growth, capital, and shareholder distributions. Readers who follow ELMA news can monitor these recurring themes over time.
Elmer Bancorp (OTC Pink: ELMA), parent company of The First National Bank of Elmer, has announced a cash dividend of $0.20 per common share. The dividend will be payable on November 1, 2024 to shareholders of record as of the close of business on October 15, 2024. Brian W. Jones, President and CEO, expressed gratitude for shareholder support as the bank continues to grow and serve local communities.
The First National Bank of Elmer, founded in 1903, is a nationally chartered bank headquartered in Elmer, New Jersey. It operates six full-service branch offices across Cumberland, Gloucester, and Salem Counties, offering deposit and loan products to retail customers and small to mid-sized businesses. Deposits at the bank are insured up to the legally maximum amount by the FDIC.
Elmer Bancorp (OTC Pink: ELMA) reported its Q2 2024 financial results. Net income for Q2 2024 was $793,000 ($0.69 per diluted share), down from $949,000 ($0.83 per diluted share) in Q2 2023. For the first half of 2024, net income was $1.424 million ($1.25 per diluted share), compared to $1.773 million ($1.54 per diluted share) in H1 2023. Net interest income decreased to $3.629 million in Q2 2024 from $3.826 million in Q2 2023. Total assets increased to $383.0 million, up $21.9 million year-over-year. Loans grew to $300.3 million, a $13.2 million increase, while deposits rose by $19.0 million to $347.3 million. The bank maintains a strong capital position, with book value per share increasing to $29.53 from $27.00 a year ago.
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