Juniata Valley Financial Q1 net income down 21.8% to $1.4M; EPS $0.27

JUNIATA VALLEY FINANCIAL CORP

2024-Q1 EPS reported $0.27

Net income of $1.4M, down 21.8% YoY; diluted EPS $0.27 vs $0.35.
Net interest margin (FTE) fell to 2.63% from 2.85%; cost of funds increased 88 bps.
Average loans up 9.6% YoY; total deposits down 1.4% from Dec 31, 2023.
Noninterest income +6.8% to $1.3M; expenses +8.4% to $5.2M on core conversion and FDIC costs.
Board declared $0.22 per share dividend, payable May 31, 2024 to holders of record May 17.

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 three months ended March 31, 2024 results: net income $1.4 million, EPS $0.27.

Period: the three months ended March 31, 2024
Net income: $1.4 million
EPS: $0.27
Result: reported results

Exact text from the filing

Juniata Valley Financial Corp. (OTCQX:JUVF) (“Juniata”), announced net income for the three months ended March 31, 2024 of $1.4 million, a decrease of 21.8%, compared to net income of $1.7 million for the three months ended March 31, 2023. Earnings per share, basic and diluted, for the three months ended March 31, 2024 was $0.27 compared to $0.35 reported for the three months ended March 31, 2023.

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Source: SEC EDGAR

accession 0001558370-24-005535

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