Juniata Valley Q3 net income falls 14% to $1.8M; EPS $0.36 vs $0.42

JUNIATA VALLEY FINANCIAL CORP

2023-Q3 EPS reported $0.98

Net income $1.8M (EPS $0.36) vs $2.1M ($0.42) in Q3 2022; nine-month net income $4.9M vs $6.2M.
Net interest margin fell to 2.71% (Q3 2023) from 2.99% (Q3 2022) due to rising funding costs.
Total loans grew $29.6M YTD; deposits increased $45.9M including $18.7M from Path Valley branch acquisition.
Board declared $0.22 cash dividend, payable Dec 1, 2023 to holders of record Nov 16, 2023.
Credit loss expense $121K; asset quality remains strong with near ten-year low delinquencies.

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 0.95

JUNIATA VALLEY FINANCIAL CORP reported the three months ended September 30, 2023 results: net income $1.8 million, EPS $0.36.

Period: the three months ended September 30, 2023
Net income: $1.8 million
EPS: $0.36
Result: reported results

Exact text from the filing

announced net income for the three months ended September 30, 2023 of $1.8 million compared to net income of $2.1 million for the three months ended September 30, 2022. Earnings per share, basic and diluted, was $0.36 during the three months ended September 30, 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

JUNIATA VALLEY FINANCIAL CORP reported the nine months ended September 30, 2023 results: net income $4.9 million, EPS $0.98.

Period: the nine months ended September 30, 2023
Net income: $4.9 million
EPS: $0.98
Result: reported results

Exact text from the filing

Net income for the nine months ended September 30, 2023 was $4.9 million compared to net income of $6.2 million for the nine months ended September 30, 2022. Earnings per share, basic and diluted, was $0.98 during the nine months ended September 30, 2023

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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 0001558370-23-016561

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