Juniata Valley Financial Corp. Announces Results for the Quarter Ended September 30, 2026 and Increased Quarterly Dividend

Loan growth and lower funding costs accompanied wider interest margins, while nine-month credit-loss provisions and operating expenses increased.

Rhea-AI Summary

Juniata Valley Financial (JUVF) reported third-quarter net income of $2.9 million, up from the same period a year earlier. Net income rose 40.5%, and basic and diluted earnings per share increased 39.0% to $0.57. Net interest income grew 20.9% to $7.9 million, while the tax-equivalent net interest margin widened to 3.53% from 3.04%. Non-interest expense increased 5.5% to $5.7 million.

Nine-month net income increased 37.4% to $8.2 million, with earnings per share rising 37.0% to $1.63. Since year-end 2025, loans grew 6.0%, deposits rose 4.1%, and short-term borrowings and repurchase agreements fell 44.1%. Nine-month credit-loss provisions increased to $742,000 from $669,000. The board declared an increased quarterly dividend of $0.2225 per share, payable December 1, 2026, to shareholders of record November 17, 2026.

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Positive

• Moderate pointThird-quarter net income increased 40.5% to $2.9 million year over year.
• Moderate pointQuarterly dividend increased to $0.2225 per share, payable December 1, 2026.
• Moderate pointThird-quarter net interest income increased 20.9% to $7.9 million year over year.
• Moderate pointThird-quarter tax-equivalent net interest margin widened to 3.53% from 3.04% a year earlier.
• Moderate pointTotal loans increased 6.0%, or $36.0 million, since year-end 2025, primarily from commercial real estate lending.
• Moderate pointTotal deposits increased 4.1%, or $31.7 million, since year-end 2025.
• Moderate pointShort-term borrowings and repurchase agreements decreased 44.1%, or $22.0 million, since year-end 2025.

23 minor points

• Minor pointThird-quarter basic and diluted earnings per share rose 39.0% to $0.57 year over year.
• Minor pointNine-month net income increased 37.4% to $8.2 million year over year.
• Minor pointNine-month basic and diluted earnings per share rose 37.0% to $1.63 year over year.
• Minor pointNine-month net interest income increased 22.0% to $22.6 million year over year.
• Minor pointNine-month tax-equivalent net interest margin widened to 3.43% from 2.94% a year earlier.
• Minor pointThird-quarter annualized return on average assets increased to 1.26% from 0.94% a year earlier.
• Minor pointThird-quarter annualized return on average equity increased to 18.13% from 15.47% a year earlier.
• Minor pointNine-month annualized return on average assets increased to 1.21% from 0.92% a year earlier.
• Minor pointNine-month annualized return on average equity increased to 17.88% from 15.65% a year earlier.
• Minor pointStockholders’ equity increased 12.5%, or $7.2 million, since year-end 2025.
• Minor pointTotal assets increased 2.0% to $913.1 million from year-end 2025.
• Minor pointThird-quarter average earning assets increased 4.2% to $900.8 million year over year, supported by loan growth.
• Minor pointNine-month average earning assets increased 4.7% to $892.6 million year over year, supported by loan growth.
• Minor pointThird-quarter earning-asset yield increased 36 basis points to 4.95% year over year; loan yields rose 20 basis points.
• Minor pointNine-month earning-asset yield increased 37 basis points to 4.87% year over year; loan yields rose 24 basis points.
• Minor pointThird-quarter funding cost decreased 16 basis points to 2.06% year over year.
• Minor pointNine-month funding cost decreased 15 basis points to 2.08% year over year.
• Minor pointThird-quarter credit-loss provision declined to $186,000 from $216,000 a year earlier.
• Minor pointNine-month change in equity-securities value improved by $235,000 year over year.
• Minor pointNine-month loan-activity fees increased $58,000 year over year.
• Minor pointThird-quarter trust fees and debit card income increased year over year.
• Minor pointAvailable borrowing capacity totaled $254.8 million with FHLB Pittsburgh and $17.9 million through the Federal Reserve’s Discount Window.
• Minor point. Forward-looking: it has not happened yet and may not happen.Management plans to continue loan growth in fourth-quarter 2026 through proactive customer outreach.

Negative

• Moderate pointNine-month non-interest expense increased 7.8% to $16.4 million year over year.
• Minor pointThird-quarter non-interest expense increased 5.5% to $5.7 million year over year.
• Minor pointNine-month credit-loss provision increased to $742,000 from $669,000 a year earlier, reflecting continued loan growth.
• Minor pointNine-month securities sales and calls produced a $209,000 loss during portfolio yield restructuring.
• Minor pointNine-month customer service fees decreased $89,000 year over year.

6 minor points

• Minor pointNine-month commissions from non-deposit product sales decreased $63,000 year over year.
• Minor pointThird-quarter customer service fees decreased $31,000 year over year.
• Minor pointThird-quarter loan-activity fees decreased $31,000 year over year.
• Minor pointThird-quarter change in equity-securities value decreased $31,000 year over year.
• Minor pointThird-quarter income tax provision increased to $576,000 from $357,000 a year earlier.
• Minor pointNine-month income tax provision increased to $1.6 million from $1.1 million a year earlier.

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Mifflintown, PA, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Juniata Valley Financial Corp. (OTCQX:JUVF) (“Juniata”), announced net income for the three months ended September 30, 2026 of $2.9 million, an increase of 40.5% compared to net income of $2.1 million for the three months ended September 30, 2025. Earnings per share, basic and diluted, increased 39.0%, to $0.57, for the three months ended September 30, 2026, compared to $0.41 for the three months ended September 30, 2025. Net income was $8.2 million for the nine months ended September 30, 2026, an increase of 37.4% compared to net income of $6.0 million for the nine months ended September 30, 2025. Earnings per share, basic and diluted, increased 37.0%, to $1.63, for the nine months ended September 30, 2026, compared to $1.19 for the nine months ended September 30, 2025.

President’s Message

President and Chief Executive Officer, Marcie A. Barber stated, “We are very pleased to announce record quarterly net income of $2.9 million, which represents a 41% increase over the third quarter last year. This improvement is the result of quality loan growth at market rates and replacing underpriced securities and loans originated in the prior lower interest rate environment. This dynamic resulted in a $1.4 million increase in net interest income and a 49 basis point improvement in our net interest margin over last year’s third quarter. Net income of $8.2 million for the nine-month period represents a 37% increase compared to the first three quarters of last year. Our credit quality remains strong, with nonperforming loans plus delinquent loans totaling 0.1% of total loans. Our focus for the fourth quarter of 2026 is to continue loan growth through focused proactive outreach and customer-centric responsiveness.”

Financial Results Year-to-Date

Annualized return on average assets for the nine months ended September 30, 2026 was 1.21%, an increase of 31.5% compared to the annualized return on average assets of 0.92% for the nine months ended September 30, 2025. Annualized return on average equity for the nine months ended September 30, 2026 was 17.88%, an increase of 14.2% compared to the annualized return on average equity of 15.65% for the nine months ended September 30, 2025.

Net interest income increased by 22.0%, to $22.6 million, for the nine months ended September 30, 2026 compared to $18.6 million for the nine months ended September 30, 2025. Average earning assets increased $40.1 million, or 4.7%, to $892.6 million for the nine months ended September 30, 2026 compared to the same period in 2025. This increase was due to an increase of $69.1 million, or 12.5%, in average loans, which was partially offset by a decrease of $29.6 million, or 10.1%, in average investment securities as principal paydowns on the mortgage-backed securities portfolio, as well as proceeds from maturities and called securities, were used to fund loan growth rather than being reinvested into the securities portfolio. For the nine months ended September 30, 2026, average interest-bearing liabilities increased $24.5 million, or 4.0%, from the comparable 2025 period. The increase was driven by growth in all categories of interest-bearing deposits, which collectively increased $26.3 million, or 4.7%. Partially offsetting this growth in interest-bearing deposits was a decline in average borrowings of $1.8 million, or 3.5%.

The yield on earning assets increased 37 basis points, to 4.87%, for the nine months ended September 30, 2026 compared to the same period last year, driven by an increase in loan yields of 24 basis points, while the cost to fund interest earning assets with interest bearing liabilities decreased 15 basis points, to 2.08%. The net interest margin, on a fully tax equivalent basis, increased from 2.94% for the nine months ended September 30, 2025 to 3.43% for the nine months ended September 30, 2026.

Juniata recorded a provision for credit losses of $742,000 in the nine months ended September 30, 2026 compared to a provision for credit losses of $669,000 in the nine months ended September 30, 2025. The increase in the provision for credit losses between nine-month periods was due to continued loan growth.

Non-interest income was $4.3 million for both the nine months ended September 30, 2026 and September 30, 2025. Most significantly impacting the comparative nine-month periods was an increase of $235,000 in the change in value of equity securities in the 2026 period, which was partially offset by a $209,000 loss on the sales and calls of securities due to a portfolio yield restructuring plan undertaken in the second quarter of 2026. Also impacting the comparative nine-month periods was an increase of $58,000 in fees derived from loan activity, which was offset by decreases of $89,000 in customer service fees and $63,000 in commissions from sales of non-deposit products.

Non-interest expense was $16.4 million for the nine months ended September 30, 2026 compared to $15.2 million for the nine months ended September 30, 2025, an increase of 7.8%. Most significantly impacting non-interest expense in the comparative nine-month periods were increases in employee compensation and benefits expenses of $303,000 and $571,000, respectively. Also impacting the comparative nine-month periods were increases of $60,000 and $71,000 in occupancy and equipment expenses, respectively, due to increased maintenance and depreciation expenses.

An income tax provision of $1.6 million was recorded for the nine months ended September 30, 2026 compared to an income tax provision of $1.1 million recorded for the nine months ended September 30, 2025. The increase in the income tax provision was due primarily to the increase in taxable income in the 2026 period.

Financial Results for the Quarter

Annualized return on average assets for the three months ended September 30, 2026 was 1.26%, an increase of 34.0%, compared to 0.94% for the three months ended September 30, 2025. Annualized return on average equity for the three months ended September 30, 2026 was 18.13%, an increase of 17.2%, compared to 15.47% for the three months ended September 30, 2025.

Net interest income increased by 20.9%, to $7.9 million, for the three months ended September 30, 2026 compared to $6.6 million for the three months ended September 30, 2025. Average interest earning assets increased 4.2%, to $900.8 million, for the three months ended September 30, 2026 compared to the same period in 2025, due to an increase of $68.7 million, or 12.1%, in average loans, which was partially offset by a decrease of $33.1 million, or 11.5%, in average investment securities. Average interest-bearing liabilities increased $21.9 million, or 3.6%, for the three months ended September 30, 2026, compared to the same period in 2025. The increase was primarily attributable to a $30.5 million, or 5.4%, increase in average interest-bearing deposits, partially offset by an $8.5 million, or 17.0%, decline in average borrowings.

The yield on earning assets increased 36 basis points, to 4.95%, for the three months ended September 30, 2026 compared to same period last year, driven by an increase in loan yields of 20 basis points, while the cost to fund interest earning assets with interest bearing liabilities decreased 16 basis points, to 2.06%. The net interest margin, on a fully tax equivalent basis, increased from 3.04% for the three months ended September 30, 2025 to 3.53% for the three months ended September 30, 2026.

Juniata recorded a provision for credit losses of $186,000 for the three months ended September 30, 2026 compared to a provision for credit losses of $216,000 for the three months ended September 30, 2025.

Non-interest income was $1.5 million for both the three months ended September 30, 2026 and September 30, 2025. Most significantly impacting non-interest income in the comparative three-month periods were identical decreases of $31,000 each of customer service fees, fees derived from loan activity and the change in value of equity securities. Partially offsetting these declines were increases in trust fees and debit card income.

Non-interest expense was $5.7 million for the three months ended September 30, 2026 compared to $5.4 million for the three months ended September 30, 2025, an increase of 5.5%. The increase in noninterest expense during the comparative three-month periods was primarily attributable to increases of $184,000 in employee benefits expense, driven by higher medical claims costs and $82,000 in data processing expense. These increases were partially offset by a $142,000 decrease in employee compensation expense.

An income tax provision of $576,000 was recorded for the three months ended September 30, 2026 compared to an income tax provision of $357,000 recorded for the three months ended September 30, 2025. The increase was primarily attributable to higher taxable income during the 2026 period.

Financial Condition

Total assets as of September 30, 2026 were $913.1 million, an increase of $17.9 million, or 2.0%, compared to total assets of $895.3 million at December 31, 2025. Total debt securities decreased by $18.5 million, or 7.8%, over the same nine-month period as principal paydowns on the mortgage-backed securities portfolio, as well as proceeds from maturities and called securities, were used to fund loan growth rather than being reinvested into the securities portfolio. Total loans increased by $36.0 million, or 6.0%, as of September 30, 2026 compared to year-end 2025 primarily due to an increase in commercial real estate loans. Total deposits increased by $31.7 million, or 4.1%, as of September 30, 2026 compared to December 31, 2025 mainly due to an increase in interest bearing demand and time deposits. Short-term borrowings and repurchase agreements decreased by $22.0 million, or 44.1%, as of September 30, 2026 compared to year-end 2025 primarily due to a decrease in overnight borrowings, while total stockholders’ equity increased $7.2 million, or 12.5% over the same period primarily due to an increase in retained earnings and a decline in accumulated other comprehensive loss.

Juniata maintained a strong liquidity position as of September 30, 2026, with additional borrowing capacity with the Federal Home Loan Bank of Pittsburgh of $254.8 million and $17.9 million in additional borrowing capacity from the Federal Reserve’s Discount Window. In addition, Juniata has internal authorization for brokered deposits of up to $122.0 million. Juniata had no brokered deposits outstanding as of September 30, 2026.

Subsequent Event

On October 20, 2026, the Board of Directors declared an increased cash dividend of $0.2225 per share to shareholders of record on November 17, 2026, payable on December 1, 2026.

Management had considered subsequent events occurring after the statement of condition date through the date of this release for matters which may require adjustment to, or disclosure in, the consolidated financial statements. Management’s subsequent-events review will continue through the filing date of the consolidated financial statements, which will be filed subsequent to the date of this release. Accordingly, the financial information in this release is subject to change.

The Juniata Valley Bank, the principal subsidiary of Juniata Valley Financial Corp., is headquartered in Mifflintown, Pennsylvania, with fifteen community offices located in Juniata, Mifflin, Perry, Franklin, McKean and Potter Counties. More information regarding Juniata Valley Financial Corp. and The Juniata Valley Bank can be found online at www.jvb.bank. Juniata Valley Financial Corp. trades through the OTCQX Best Market under the symbol JUVF.

Forward-Looking Information
*This press release may contain “forward looking” information as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect the current views of Juniata’s management with respect to, among other things, future events and Juniata’s financial performance. When words such as “may,” “should,” “could,” “predict,” “potential,” “believe,” “likely,” “expect,” “continue,” “will,” “anticipate,” “seek,” “estimate,” “intend,” “plan,” “project,” “forecast,” “goal,” “target,” “would,” “outlook,” the negative variations of those words or similar expressions are used in this release, Juniata is making forward-looking statements. Such information is based on Juniata’s current expectations, estimates and projections about future events and financial trends affecting the financial condition of its business, many of which, by their nature, are inherently uncertain and beyond the control of Juniata. These statements are not historical facts or guarantees of future performance, events or results and are subject to risks, assumptions and uncertainties that are difficult to predict. If one or more events related to these or other risks or uncertainties materialize, or if underlying assumptions prove to be incorrect, actual results may differ materially from this forward-looking information. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and many factors could affect future financial results. Juniata undertakes no obligation to publicly update or revise forward looking information, whether because of new or updated information, future events, or otherwise. For a more complete discussion of certain risks and uncertainties affecting Juniata, please see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Forward-Looking Statements” set forth in Juniata’s filings with the Securities and Exchange Commission.

Financial Statements

Juniata Valley Financial Corp. and Subsidiary
Consolidated Statements of Financial Condition

(Dollars in thousands, except share data)		(Unaudited)
		September 30, 2026				December 31, 2025
ASSETS
Cash and due from banks		$	5,898			$	5,719
Interest bearing deposits with banks			5,989				5,729
Cash and cash equivalents			11,887				11,448
Equity securities			1,584				1,273
Debt securities available for sale			44,188				55,600
Debt securities held to maturity (fair value $163,380 and $179,984, respectively)			175,071				182,205
Restricted investment in bank stock			1,710				2,522
Total loans			637,342				601,378
Less: Allowance for credit losses			(7,807	)			(7,083	)
Total loans, net of allowance for credit losses			629,535				594,295
Premises and equipment, net			10,003				9,256
Bank owned life insurance and annuities			15,817				15,947
Investment in low-income housing partnerships			269				510
Core deposit and other intangible assets			150				190
Goodwill			9,812				9,812
Deferred tax asset, net			7,470				8,198
Accrued interest receivable and other assets			5,631				4,007
Total assets		$	913,127			$	895,263
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Deposits:
Non-interest bearing		$	209,975			$	209,865
Interest bearing			603,530				571,934
Total deposits			813,505				781,799
Short-term borrowings and repurchase agreements			27,889				49,906
Other interest bearing liabilities			593				720
Accrued interest payable and other liabilities			6,614				5,465
Total liabilities			848,601				837,890
Commitments and contingent liabilities
Stockholders' Equity:
Preferred stock, no par value: Authorized - 500,000 shares, none issued			—				—
Common stock, par value $1.00 per share: Authorized 20,000,000 shares; Issued - 5,151,279 shares at September 30, 2026 and December 31, 2025; Outstanding - 5,034,291 shares at September 30, 2026 and 5,018,799 shares at December 31, 2025			5,151				5,151
Surplus			24,707				24,820
Retained earnings			61,585				56,696
Accumulated other comprehensive loss			(25,030	)			(27,154	)
Cost of common stock in Treasury: 116,988 shares at September 30, 2026; 132,480 shares at December 31, 2025			(1,887	)			(2,140	)
Total stockholders' equity			64,526				57,373
Total liabilities and stockholders' equity		$	913,127			$	895,263

Juniata Valley Financial Corp. and Subsidiary
Consolidated Statements of Income (Unaudited)

		Three Months Ended						Nine Months Ended
(Dollars in thousands, except share and per share data)		September 30,						September 30,
		2026			2025			2026			2025
Interest income:
Loans, including fees		$	9,998		$	8,624		$	28,704		$	24,517
Taxable securities			1,201			1,325			3,681			4,062
Tax-exempt securities			17			30			65			90
Other interest income			19			17			59			54
Total interest income			11,235			9,996			32,509			28,723
Interest expense:
Deposits			2,927			2,903			8,524			8,595
Short-term borrowings and repurchase agreements			376			530			1,323			1,501
Long-term debt			—			—			—			51
Other interest bearing liabilities			5			7			16			21
Total interest expense			3,308			3,440			9,863			10,168
Net interest income			7,927			6,556			22,646			18,555
Provision for credit losses			186			216			742			669
Net interest income after provision for credit losses			7,741			6,340			21,904			17,886
Non-interest income:
Customer service fees			443			474			1,311			1,400
Debit card fee income			469			458			1,369			1,330
Earnings on bank-owned life insurance and annuities			68			71			208			190
Trust fees			123			106			362			349
Commissions from sales of non-deposit products			67			60			167			230
Fees derived from loan activity			171			202			533			475
Loss on sales and calls of securities			—			—			(209			—
Change in value of equity securities			33			64			311			76
Gain from life insurance proceeds			8			—			8			20
Other non-interest income			85			82			241			270
Total non-interest income			1,467			1,517			4,301			4,340
Non-interest expense:
Employee compensation expense			2,435			2,577			6,953			6,650
Employee benefits			660			476			2,095			1,524
Occupancy			324			278			1,005			945
Equipment			277			251			782			711
Data processing expense			816			734			2,231			2,141
Professional fees			260			256			752			709
Taxes, other than income			93			45			211			171
FDIC Insurance premiums			151			126			417			380
Amortization of intangible assets			13			16			40			51
Amortization of investment in low-income housing partnerships			80			80			241			241
Other non-interest expense			634			605			1,653			1,671
Total non-interest expense			5,743			5,444			16,380			15,194
Income before income taxes			3,465			2,413			9,825			7,032
Income tax provision			576			357			1,617			1,057
Net income		$	2,889		$	2,056		$	8,208		$	5,975
Earnings per share
Basic		$	0.57		$	0.41		$	1.63		$	1.19
Diluted		$	0.57		$	0.41		$	1.63		$	1.19

Michael Wolf
Email: michael.wolf@jvbonline.com
Phone: (717) 436-7203

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Juniata Valley Financial’s third-quarter 2026 earnings?

Juniata Valley Financial earned $2.9 million in the three months ended September 30, 2026, up 40.5% year over year. Basic and diluted earnings per share increased 39.0% to $0.57, compared with $0.41 a year earlier.

How much is JUVF’s increased quarterly dividend, and when is it paid?

The increased quarterly cash dividend is $0.2225 per share, payable December 1, 2026, to shareholders of record November 17, 2026. The board declared the dividend on October 20, 2026.

What did Juniata Valley Financial disclose about loan quality in its third-quarter 2026 results?

Nonperforming loans plus delinquent loans totaled 0.1% of total loans. The allowance for credit losses was $7.807 million at September 30, 2026, compared with $7.083 million at December 31, 2025.

Did Juniata Valley Financial have brokered deposits at September 30, 2026?

Juniata Valley Financial had no brokered deposits outstanding at September 30, 2026. It had internal authorization for brokered deposits of up to $122.0 million.