---
schema_version: "secwatch.filing_event.v1"
accession: "0000897101-24-000141"
form_type: "8-K"
ticker: null
cik: "0000806279"
company_name: "CODORUS VALLEY BANCORP INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:53:02.275719+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Codorus Valley Bancorp Q1 net income falls 39% to $4.3M; NIM compresses 66 bps

## Summary
- Net income $4.3M ($0.44 diluted EPS) vs $7.0M ($0.73) in Q1 2023, down 39%.
- Net interest margin declined to 3.34% from 4.00% a year ago, a 66-basis-point drop.
- Efficiency ratio 73.91%; return on average assets 0.77%; return on equity 8.48%.
- Cash dividend $0.17 per share, payable May 14, 2024 to holders of record May 7.
- Merger-related expenses of $118k incurred from pending Orrstown (ORRF) merger.

## SEC filing metadata
- accession: 0000897101-24-000141
- form_type: 8-K
- cik: 0000806279
- company_name: CODORUS VALLEY BANCORP INC
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/806279/000089710124000141/0000897101-24-000141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/806279/000089710124000141/codorus240466_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000897101-24-000141
- JSON: https://secwatch.observer/filing/0000897101-24-000141.json
- Plain text: https://secwatch.observer/filing/0000897101-24-000141.txt

## Key facts
- Earnings Releases
  CODORUS VALLEY BANCORP INC reported quarter ended March 31, 2024 results: net income $4.3 million, EPS $0.44 per diluted common share.
  - Period: quarter ended March 31, 2024
  - Net income: $4.3 million
  - EPS: $0.44 per diluted common share
  - Result: reported results
  source text: Codorus Valley Bancorp, Inc. (the “Corporation”) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (“PeoplesBank”, or the “Bank”), today reported net income of $4.3 million or $0.44 per diluted common share, for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/806279/000089710124000141/0000897101-24-000141-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.