Muncy Columbia reports Q4 GAAP net loss of $1.2M; raises quarterly dividend to $0.44

MUNCY COLUMBIA FINANCIAL Corp

2023-FY EPS reported $1.49

Net loss of $1.186M (($0.41) EPS) vs net income of $2.595M ($1.25 EPS) in Q4 2022; full year net income $3.387M ($1.49 EPS).
Completed merger with Muncy Bank Financial on Nov 11, 2023; total consideration $55.1M, recorded $17.7M goodwill and $12.1M core deposit intangible.
Quarterly dividend raised to $0.44 per share (from $0.43), payable March 14, 2024 to holders of record Feb 27, 2024.
Pre-tax merger-related expenses of $1.8M in Q4 and $3.0M for the year; also recorded a $2.9M one-time CECL provision on acquired non-PCD loans.
Total assets rose to $1.6B from $944M a year earlier; book value per share $43.08 vs $41.34; net interest margin fell to 2.34% from 2.55%.

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

MUNCY COLUMBIA FINANCIAL Corp reported fourth quarter 2023 results: net income Net loss, as reported under accounting principles generally accepted in the United States of America (“GAAP”), for the q, EPS ($0.41).

Period: fourth quarter 2023
Net income: Net loss, as reported under accounting principles generally accepted in the United States of America (“GAAP”), for the q
EPS: ($0.41)
Result: reported results

Exact text from the filing

Net loss, as reported under accounting principles generally accepted in the United States of America (“GAAP”), for the quarter-ended December 31, 2023, was $1,186,000 compared to net income of $2,595,000 for the same period in 2022.

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Source: SEC EDGAR

accession 0001999371-24-002131

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