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Harleysville Savings Financial Corporation Announces Cash Dividend and Earnings for the First Fiscal Quarter 2013
2013-01-30

        Harleysville Savings Financial Corporation reported today that the company’s board of directors declared a regular quarterly cash dividend of $.21 per share on the company’s common stock. This is an increase of 10.6 percent from the prior year’s dividend. The cash dividend will be payable on February 20, 2013 to stockholders of record on February 6, 2013.

        Net income for the quarter ended December 31, 2012 was $1,301,000 or $.34 per diluted share compared to $1,364,000 or $.36 per diluted share for the same quarter last year.
        Ron Geib, President and Chief Executive Officer of the company, stated, “We are pleased to begin a new fiscal year with solid financial results. During the quarter, a milestone was reached by deregistering from the SEC and consequently, having our stock listed on the OTCQB.  This opportunity was a result of the Jumpstart Our Business Startups Act (or the JOBS Act) that was passed by Congress in April, 2012.  This event will reduce regulatory operating expenses for the company by approximately $250,000 annually.  As a result of the financial strength of the company and the benefits of the JOBS Act, the decision was made to pass along additional value to our stockholders by increasing the cash dividend to $.21 per share.”
        The company’s assets totaled $802.9 million compared to $832.6 million a year ago, and stockholders’ tangible book value increased to $15.99 per share from $15.39 a year ago.
        Harleysville Savings Financial Corporation is traded on the OTCQB market under the symbol HARL (http://www.otcmarkets.com) and is the holding company for Harleysville Savings Bank. Established in 1915, Harleysville Savings Bank is a Pennsylvania chartered and federally insured savings bank, headquartered in Harleysville, PA. The bank operates from six full-service offices located in Montgomery County and one office located in Bucks County, PA.

 

 

 

 

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