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 (ELMA) delivers trusted community banking services through deposit management, lending solutions, and financial advisory expertise. This dedicated news page provides stakeholders with verified updates on operational developments and strategic decisions shaping the company’s trajectory.
Find consolidated access to ELMA’s official press releases, including earnings disclosures, leadership appointments, and regulatory compliance milestones. Our neutral presentation ensures clarity for both casual observers and professional analysts monitoring regional financial institutions.
Regularly updated content covers product enhancements, community partnership initiatives, and risk management practices. Each announcement is contextualized to reflect ELMA’s commitment to transparent communication within the banking sector.
Bookmark this resource for efficient tracking of Elmer Bancorp’s evolving market position. Visit periodically to maintain current awareness of this institution’s role in advancing accessible financial services.
ELMER BANCORP, INC. (OTC Pink: ELMA) announced a cash dividend of $0.20 per share on April 3, 2023, payable on May 1, 2023, to shareholders of record by the close of business on April 17, 2023.
Brian W. Jones, President and CEO, emphasized the Board's commitment to sharing success with shareholders while ensuring a strong capital position amid economic conditions. Additionally, the Annual Meeting of Shareholders is scheduled for June 6, 2023, at 11:00 a.m. ET, with a record date for voting on April 12, 2023.
ELMER BANCORP, INC. (OTC Pink: ELMA) declared a special one-time cash dividend of $0.12 per common share on February 15, 2023. The dividend is payable on March 1, 2023 to shareholders on record as of December 31, 2022. This announcement celebrates the Bank's 120 years of service and reflects outstanding performance in 2022. Brian W. Jones, President and CEO, expressed gratitude towards loyal customers, shareholders, and employees. The First National Bank of Elmer offers financial services through six branches across New Jersey and is insured by the FDIC.
Elmer Bancorp, the parent company of The First National Bank of Elmer, reported a record net income of $1.025 million for Q4 2022, up from $412,000 in Q4 2021, translating to $0.89 per share. For the full year, net income reached $2.604 million, or $2.26 per share, compared to $1.949 million in 2021. Key drivers included a $922,000 increase in net interest income for Q4. However, total assets decreased to $371.5 million, and deposits fell to $340.3 million amid runoff from government stimulus programs. Despite economic uncertainties, the company remains committed to community service.
Elmer Bancorp (OTC Pink: ELMA) reported a net income of $759,000, or $0.66 per share, for Q3 2022, up from $604,000, or $0.53 per share, in Q3 2021. For the nine months ended September 30, 2022, net income was $1.579 million, slightly up from $1.537 million in 2021. Net interest income increased to $3.332 million in Q3 2022, while remaining stable at $9.075 million for the nine-month period. Total assets rose to $385.6 million, with deposits at $355.4 million. Despite higher non-interest expenses, the bank's loan loss allowance improved to 1.67% of total core loans.
ELMER Bancorp, Inc. (OTC Pink: ELMA) declared a cash dividend of $0.20 per common share on October 3, 2022, payable on November 1, 2022. Shareholders of record as of October 14, 2022 will receive this dividend. Brian W. Jones, President and CEO, highlighted the Board's commitment to return on investment despite ongoing economic challenges. The First National Bank of Elmer has been serving the community since 1903, focusing on retail and business banking.
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