Harleysville Financial Corporation Announces Earnings for the Fiscal Year Ended September 30, 2026, and the Declaration of Regular Cash Dividend

Annual earnings excluding non-recurring life insurance benefits rose 19%, while other expenses and loan-loss provisions increased.

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HARLEYSVILLE, Pa.--(BUSINESS WIRE)-- Harleysville Financial Corporation (OTCQX:HARL) reported today that the Company’s Board of Directors declared a regular quarterly cash dividend of $.35 per share on the Company’s common stock. The cash dividend will be payable on November 18, 2026 to stockholders of record on November 4, 2026.

Net income for the twelve months ended September 30, 2026 amounted to $12,447,000 or $3.45 per diluted share compared to $9,534,000 or $2.61 per diluted share for the twelve months ended September 30, 2025. Results for the current twelve months include non-recurring Bank Owned Life Insurance (“BOLI”) net benefits of $1,139,000 or $0.32 per diluted share. Excluding these BOLI benefits, net income for the twelve months was $11,308,000, representing a 19% increase over the same period last year.

Net income for the fourth quarter of fiscal year 2026 amounted to $3,019,000 or $.83 per diluted share compared to $2,867,000 or $.77 per diluted share for the fourth quarter of fiscal year 2025.

President and Chief Executive Officer Brendan J. McGill commented, “We are pleased to report strong financial results for fiscal year 2026, delivering solid earnings of $12,447,000. While our results for the year benefited from BOLI income, we are encouraged by the bank’s growing financial resilience. Our balance sheet remains robust, driven by notable growth in loans and consistent deposit retention. This performance was further supported by a healthy net interest margin, an efficient operating ratio, and excellent asset quality. As we enter fiscal 2027 amid ongoing economic volatility, we remain committed to strict financial discipline, maintaining a resilient balance sheet, and upholding the high credit quality standards our shareholders expect.”

The Company’s assets totaled $977.2 million compared to $928.0 million a year ago. Stockholders’ book value increased 7.6% to a record $27.17 per share from $25.25 a year ago.

Harleysville Financial Corporation is traded on the OTCQX market under the symbol HARL (http://www.otcmarkets.com) and is the holding company for Harleysville Bank. Established in 1915, Harleysville Bank is a Pennsylvania chartered and federally insured bank, headquartered in Harleysville, PA. The Bank operates from six full-service offices located in Montgomery County and one full-service office located in Bucks County, Pennsylvania, along with a loan production office in Chester County.

This presentation may contain forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995). Actual results may differ materially from the results discussed in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic; competitive, governmental, regulatory, and technological factors affecting the Company's operations, pricing, products, and services.

Harleysville Financial Corporation
Selected Consolidated Financial Data as of September 30, 2026
(Dollars in thousands except per share data)		Year-To-Date
(Unaudited)		Twelve Months Ended:								Three Months Ended:
Selected Consolidated Earnings Data		Sep 30, 2026				Sep 30, 2025				Sep 30, 2026				June 30, 2026				Mar 31, 2026				Dec 31, 2025				Sep 30, 2025
Total interest income		$	46,503			$	40,920			$	12,087			$	11,732			$	11,345			$	11,339			$	11,038
Total interest expense			15,082				13,909				3,845				3,768				3,670				3,799				3,698
Net Interest Income			31,421				27,011				8,242				7,964				7,675				7,540				7,340
Provision for loan losses			215				154				-				-				174				41				(84	)
Net Interest Income after Provision for Loan Losses			31,206				26,857				8,242				7,964				7,501				7,499				7,424
Bank owned life insurance			1,763				414				93				188				1,376				106				105
Other income			2,306				2,275				599				569				562				576				592
Total other expenses			19,042				17,145				4,998				4,876				4,610				4,558				4,370
Income before income taxes			16,233				12,401				3,936				3,845				4,829				3,623				3,751
Income tax expense			3,786				2,867				917				895				1,018				956				884
Net Income		$	12,447			$	9,534			$	3,019			$	2,950			$	3,811			$	2,667			$	2,867
Per Common Share Data
Basic earnings		$	3.49			$	2.64			$	0.85			$	0.83			$	1.06			$	0.74			$	0.80
Diluted earnings		$	3.45			$	2.61			$	0.83			$	0.83			$	1.06			$	0.74			$	0.77
Dividends		$	1.38			$	1.30			$	0.35			$	0.35			$	0.35			$	0.33			$	0.33
Tangible book value		$	27.17			$	25.25			$	27.17			$	26.83			$	26.39			$	25.67			$	25.25
Shares outstanding			3,562,416				3,587,377				3,562,416				3,559,108				3,584,924				3,587,996				3,587,377
Average shares outstanding - basic			3,566,865				3,609,548				3,566,286				3,576,347				3,583,788				3,587,579				3,589,417
Average shares outstanding - diluted			3,608,452				3,650,511				3,624,602				3,574,626				3,610,073				3,604,675				3,719,559
		Year-To-Date
		Twelve Months Ended:								Three Months Ended:
Other Selected Consolidated Data		Sep 30, 2026				Sep 30, 2025				Sep 30, 2026				June 30, 2026				Mar 31, 2026				Dec 31, 2025				Sep 30, 2025
Return on average assets			1.31	%			1.08	%			1.25	%			1.23	%			1.61	%			1.14	%			1.25	%
Return on average equity			13.31	%			10.81	%			12.60	%			12.44	%			16.45	%			11.72	%			12.82	%
Net interest rate spread			2.95	%			2.68	%			3.04	%			2.97	%			2.90	%			2.87	%			2.83	%
Net yield on interest earning assets			3.36	%			3.13	%			3.47	%			3.38	%			3.30	%			3.29	%			3.26	%
Operating expenses to average assets			2.00	%			1.94	%			2.06	%			2.03	%			1.95	%			1.95	%			1.90	%
Efficiency ratio			53.65	%			57.72	%			55.94	%			55.91	%			47.96	%			55.43	%			54.37	%
Ratio of non-performing loans to total
assets at end of period			0.13	%			0.09	%			0.13	%			0.11	%			0.11	%			0.15	%			0.09	%
Loan loss reserve to total loans, net			0.69	%			0.68	%			0.69	%			0.70	%			0.70	%			0.69	%			0.68	%
Stockholders' equity to assets			9.91	%			9.76	%			9.91	%			9.91	%			9.88	%			9.80	%			9.76	%
Selected Consolidated Financial Data		Sep 30, 2026				June 30, 2026				Mar 31, 2026				Dec 31, 2025				Sep 30, 2025
Total assets		$	977,187			$	963,272			$	957,738			$	940,059			$	928,042
Cash & investment securities			14,976				14,262				11,268				12,469				12,030
Mortgage-backed securities			204,804				202,238				202,145				183,283				164,769
Total Investments			219,780				216,500				213,413				195,752				176,799
Consumer Loans receivable			339,954				339,609				338,202				343,646				348,499
Commercial Loans receivable			382,749				372,891				367,775				364,179				364,896
Loan loss reserve			(4,970	)			(4,976	)			(4,964	)			(4,869	)			(4,841	)
Total Loans receivable net			717,733				707,524				701,013				702,956				708,554
FHLB stock			7,667				6,590				7,183				7,054				7,507
Checking accounts			262,988				264,932				269,691				263,948				254,881
Savings accounts			206,853				211,587				208,990				201,898				205,057
Certificate of deposit accounts			227,723				234,451				223,301				215,601				212,064
Total Deposits			697,564				710,970				701,982				681,447				672,002
Advances			171,775				143,023				149,960				156,666				155,408
Total stockholders' equity			96,803				95,487				94,590				92,110				90,577

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20261021132335/en/

M. Shane Michalak
Senior Vice President /CFO
(215-256-8828)

Source: Harleysville Financial Corporation