Emclaire Financial Corp (NASDAQ:EMCF) reported a 52% increase in net income for 2021, totaling $10 million or $3.63 per diluted share. This growth was driven by an increase in net interest income of $2.4 million and a decrease in loan loss provisions by $2.2 million. Noninterest income grew by 5.2% to $4.6 million. However, noninterest expenses rose by 2.6% to $22.6 million. Total assets increased 2.6% to $1.1 billion as of December 31, 2021.
The Board of Directors of Emclaire Financial Corp (NASDAQ: EMCF) declared a quarterly cash dividend of $0.30 per common share on November 17, 2021. This dividend, payable on December 17, 2021, to shareholders of record as of December 1, 2021, reflects an annualized yield of 4.0%, based on the closing price of $29.65 per share on November 16, 2021. CEO William C. Marsh indicated that this dividend demonstrates the company's robust growth and strong financial performance over recent quarters.
Emclaire Financial Corp (NASDAQ:EMCF) reported a consolidated net income of $3.4 million, or $1.23 per diluted share, for Q3 2021, reflecting an 87.7% increase from $1.8 million in Q3 2020. For the nine-month period, net income rose 76.3% to $7.4 million, or $2.69 per diluted share, compared to $4.2 million in 2020. Key factors included a $1.4 million increase in net interest income and a significant decrease in the provision for loan losses by 83.3%. Noninterest expenses rose slightly, impacting overall profitability.
The Board of Directors of Emclaire Financial Corp (NASDAQ: EMCF) declared a quarterly cash dividend of $0.30 per common share on August 18, 2021, payable on September 17, 2021. This decision reflects an annualized dividend yield of 4.2% based on the stock's closing price of $28.69 per share on August 17, 2021. Chairman William C. Marsh indicated that the dividend showcases the Corporation’s ongoing growth and robust financial performance.
Emclaire Financial Corp (NASDAQ:EMCF) reported a consolidated net income of $1.8 million, or $0.67 per diluted share for Q2 2021, a 52.9% increase from Q2 2020's $1.2 million. For the first half of 2021, net income rose to $4.0 million or $1.46 per share, up 67.7% year-over-year. The growth was driven by higher net interest income and a reduced provision for loan losses, despite declines in noninterest income. Total assets reached $1.1 billion with a strong deposit increase, while the bank maintained its focus on lending and customer service recovery from the pandemic.
EMLENTON, Pa., May 19, 2021 – Emclaire Financial Corp (NASDAQ: EMCF) declared a quarterly cash dividend of $0.30 per common share, payable on June 18, 2021, to shareholders of record on June 1, 2021. This dividend indicates an annualized yield of 4.3% based on a closing stock price of $28.00 on May 18, 2021. Chairman William C. Marsh highlighted that the dividend reflects the company’s sustained growth and robust financial performance in recent quarters.
Emclaire Financial Corp (NASDAQ:EMCF) reported a consolidated net income of $2.2 million or $0.79 per diluted share for Q1 2021, marking an 82.7% increase from $1.2 million in Q1 2020. This rise is attributed to higher net interest income and a decrease in the provision for loan losses. Total assets grew by $35.4 million to $1.1 billion. However, stockholders' equity decreased by $610,000 to $90.9 million. The Bank continues to support local businesses with $22.8 million in PPP loans.
On February 17, 2021, Emclaire Financial Corp (NASDAQ: EMCF) declared a quarterly cash dividend of $0.30 per share, payable on March 19, 2021. Shareholders of record on March 1, 2021 will receive this dividend, representing an annualized yield of 4.6% based on a closing stock price of $26.20 on February 16, 2021. William C. Marsh, the Corporation’s CEO, emphasized that this dividend reflects ongoing growth and robust financial performance.
Emclaire Financial Corp (NASDAQ:EMCF) reported a net income of $6.6 million ($2.41 per diluted share) for 2020, a 15.6% decline from $7.8 million ($2.86 per share) in 2019. This drop was primarily due to a $2.5 million increase in the provision for loan losses amid economic uncertainties from COVID-19. Despite challenges, net interest income rose 3.7% to $29.1 million, driven by loan growth, including $54.9 million in Paycheck Protection Program (PPP) loans. Total assets grew 12.8% to $1 billion. The annual shareholder meeting is scheduled for April 21, 2021.
The Board of Directors of Emclaire Financial Corp (NASDAQ: EMCF) declared a quarterly cash dividend of $0.30 per common share on November 18, 2020. This dividend is payable on December 18, 2020, to shareholders of record on December 1, 2020, reflecting an annualized dividend yield of 4.8% based on a closing price of $24.87 per share on November 17, 2020. Chairman William C. Marsh attributed the dividend increase to the Corporation’s robust growth and strong financial performance in recent quarters.