Juniata Valley Q2 net income down 29.5% to $1.4M; EPS $0.28; margin shrinks

JUNIATA VALLEY FINANCIAL CORP

2023-Q2 EPS reported $0.62

Net income Q2 2023 fell 29.5% to $1.4M; EPS $0.28, down 30.0% YoY.
Net interest margin declined to 2.76% (3.08% in Q2 2022); NIM compression from rate hikes.
Non-interest expense +8.5% to $5.5M; included $238k core provider breakage fee and $209k Path Valley M&A costs.
Six-month net income $3.1M (-23.6%), EPS $0.62 (-24.4%); ROAA 0.75% vs 1.00% prior year.
Board declared $0.22/share dividend, payable Sept 1, 2023 to holders of record Aug 17, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JUNIATA VALLEY FINANCIAL CORP reported the six months ended June 30, 2023 results: net income $3.1 million, EPS $0.62.

Period: the six months ended June 30, 2023
Net income: $3.1 million
EPS: $0.62
Result: reported results

Exact text from the filing

Net income for the six months ended June 30, 2023 decreased 23.6%, to $3.1 million, compared to net income of $4.1 million for the six months ended June 30, 2022. Earnings per share, basic and diluted, decreased 24.4% during the six months ended June 30, 2023, to $0.62, compared to basic and diluted earnings per share of $0.82 during the corresponding 2022 period.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JUNIATA VALLEY FINANCIAL CORP reported the three months ended June 30, 2023 results: net income $1.4 million, EPS $0.28.

Period: the three months ended June 30, 2023
Net income: $1.4 million
EPS: $0.28
Result: reported results

Exact text from the filing

announced net income for the three months ended June 30, 2023 of $1.4 million, a decrease of 29.5% compared to net income of $2.0 million for the three months ended June 30, 2022. Earnings per share, basic and diluted, decreased 30.0%, to $0.28, during the three months ended June 30, 2023, compared to $0.40 during the three months ended June 30, 2022.

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

JUNIATA VALLEY FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001558370-23-012053

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