secwatch.observer — SEC 8-K summary
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Issuer:     CODORUS VALLEY BANCORP INC (—)
CIK:        0000806279
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000897101-24-000141
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/806279/000089710124000141/0000897101-24-000141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/806279/000089710124000141/codorus240466_8k.htm
  HTML page:      https://secwatch.observer/filing/0000897101-24-000141

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