Hv Bancorp (HVBC) Stock News, Nov 6, 2020

HV Bancorp reported substantial growth for the quarter ended September 30, 2020, with total assets rising 42.4% to $507.7 million and deposits increasing 30.4% to $371.1 million. Net income surged by 520% to $2.1 million, equating to $1.02 per share. Over nine months, net earnings climbed 362% to $3.7 million. Book value per share also increased from $14.67 to $16.75. While provisions for loan losses rose due to pandemic-related risks, non-performing assets decreased, reflecting improved asset quality.