Muncy Columbia files MBF Q3 2023 financials; net income $3.67M, assets $660M

MUNCY COLUMBIA FINANCIAL Corp

MBF net income $3.674M for nine months ended Sep 30, 2023, down from $4.830M in 2022; diluted EPS $2.28 vs $3.00.
Total assets $660.5M; loans net $510.2M; deposits $521.5M; shareholders' equity $43.9M as of Sep 30, 2023.
Merger closed Nov 11, 2023; MBF shareholders received 0.9259 MCFC shares per MBF share (cash for fractional shares at $41.47).
MBF incurred $355,000 merger-related expenses in the nine-month period ended Sep 30, 2023.
Adopted CECL on Jan 1, 2023, reducing retained earnings by $311,000 as a cumulative-effect adjustment.

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