This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Harleysville Savings Financial Corporation Announces Declaration Of Regular Cash Dividend And Second Quarter Earnings For Fiscal Year 2010

In table, in the Other Selected Consolidated Data section, percentages have changed under Six Months Ended: Mar 31, 2010 for the following rows:

Return on average assetsReturn on average equityInterest rate spreadNet yield on interest earning assetsOperating expenses to average assetsEfficiency ratio

The corrected release reads:


Harleysville Savings Financial Corporation (NASDAQ:HARL) reported today that the Company’s board of directors declared a regular quarterly cash dividend of $.19 per share on the Company’s common stock which represents a 5.56% increase from the prior year. This is the 91st consecutive quarter that the Company has paid a cash dividend to its stockholders. The cash dividend will be payable on May 26, 2010 to stockholders of record on May 12, 2010.

Net income for the second quarter was $1,160,000 or $.32 per diluted share compared to $1,203,000 or $.33 per diluted share for the same quarter last year.

Net income for the six months ended March 31, 2010 amounted to $2,374,000 or $.65 per diluted share compared to $2,579,000 or $.72 per diluted share for the same six-month period a year ago.

Commenting on the quarter-end operating results, President and Chief Executive Officer Ron Geib said, “We are very pleased with the continued growth we are experiencing in our loans, deposits, and the tangible book value of the Company. With the recent opening of our seventh branch in the Souderton area, we are well positioned to provide a convenient community banking relationship for those customers wanting to deal with a locally operated, well-capitalized financial institution. Our team members have been working very hard to create value for all our stakeholders. These results reflect our discipline to preserve our fundamental operating principles of maintaining prudent underwriting standards, investing in high credit quality assets, controlling our operating expenses, and practicing sound capital management.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
HARL $19.13 -0.88%
AAPL $117.97 -0.05%
FB $105.44 0.03%
GOOG $751.35 0.43%
TSLA $229.40 -0.10%


Chart of I:DJI
DOW 17,819.74 +6.35 0.04%
S&P 500 2,090.97 +2.10 0.10%
NASDAQ 5,125.0650 +8.9220 0.17%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs