Harleysville Financial Corporation (OTCQX:HARL) reported today that the Company’s Board of Directors declared a regular quarterly cash dividend of $.35 per share on the Company’s common stock. The cash dividend will be payable on November 18, 2026 to stockholders of record on November 4, 2026.

Net income for the twelve months ended September 30, 2026 amounted to $12,447,000 or $3.45 per diluted share compared to $9,534,000 or $2.61 per diluted share for the twelve months ended September 30, 2025. Results for the current twelve months include non-recurring Bank Owned Life Insurance (“BOLI”) net benefits of $1,139,000 or $0.32 per diluted share. Excluding these BOLI benefits, net income for the twelve months was $11,308,000, representing a 19% increase over the same period last year.

Net income for the fourth quarter of fiscal year 2026 amounted to $3,019,000 or $.83 per diluted share compared to $2,867,000 or $.77 per diluted share for the fourth quarter of fiscal year 2025.

President and Chief Executive Officer Brendan J. McGill commented, “We are pleased to report strong financial results for fiscal year 2026, delivering solid earnings of $12,447,000. While our results for the year benefited from BOLI income, we are encouraged by the bank’s growing financial resilience. Our balance sheet remains robust, driven by notable growth in loans and consistent deposit retention. This performance was further supported by a healthy net interest margin, an efficient operating ratio, and excellent asset quality. As we enter fiscal 2027 amid ongoing economic volatility, we remain committed to strict financial discipline, maintaining a resilient balance sheet, and upholding the high credit quality standards our shareholders expect.”

The Company’s assets totaled $977.2 million compared to $928.0 million a year ago. Stockholders’ book value increased 7.6% to a record $27.17 per share from $25.25 a year ago.

Harleysville Financial Corporation is traded on the OTCQX market under the symbol HARL (http://www.otcmarkets.com) and is the holding company for Harleysville Bank. Established in 1915, Harleysville Bank is a Pennsylvania chartered and federally insured bank, headquartered in Harleysville, PA. The Bank operates from six full-service offices located in Montgomery County and one full-service office located in Bucks County, Pennsylvania, along with a loan production office in Chester County.

This presentation may contain forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995). Actual results may differ materially from the results discussed in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic; competitive, governmental, regulatory, and technological factors affecting the Company’s operations, pricing, products, and services.

Harleysville Financial Corporation
Selected Consolidated Financial Data as of September 30, 2026
(Dollars in thousands except per share data) Year-To-Date
(Unaudited) Twelve Months Ended: Three Months Ended:
 
Selected Consolidated Earnings Data Sep 30,
2026		 Sep 30,
2025		 Sep 30,
2026		 June 30,
2026		 Mar 31,
2026		 Dec 31,
2025		 Sep 30,
2025
Total interest income

$

46,503

 

$

40,920

 

$

12,087

 

$

11,732

 

$

11,345

 

$

11,339

 

$

11,038

 
Total interest expense

 

15,082

 

 

13,909

 

 

3,845

 

 

3,768

 

 

3,670

 

 

3,799

 

 

3,698

 
 
Net Interest Income

 

31,421

 

 

27,011

 

 

8,242

 

 

7,964

 

 

7,675

 

 

7,540

 

 

7,340

 
Provision for loan losses

 

215

 

 

154

 

 

–

 

 

–

 

 

174

 

 

41

 

 

(84

)
Net Interest Income after Provision for Loan Losses

 

31,206

 

 

26,857

 

 

8,242

 

 

7,964

 

 

7,501

 

 

7,499

 

 

7,424

 
 
Bank owned life insurance

 

1,763

 

 

414

 

 

93

 

 

188

 

 

1,376

 

 

106

 

 

105

 
Other income

 

2,306

 

 

2,275

 

 

599

 

 

569

 

 

562

 

 

576

 

 

592

 
Total other expenses

 

19,042

 

 

17,145

 

 

4,998

 

 

4,876

 

 

4,610

 

 

4,558

 

 

4,370

 
 
Income before income taxes

 

16,233

 

 

12,401

 

 

3,936

 

 

3,845

 

 

4,829

 

 

3,623

 

 

3,751

 
Income tax expense

 

3,786

 

 

2,867

 

 

917

 

 

895

 

 

1,018

 

 

956

 

 

884

 
 
Net Income

$

12,447

 

$

9,534

 

$

3,019

 

$

2,950

 

$

3,811

 

$

2,667

 

$

2,867

 
 
 
Per Common Share Data
Basic earnings

$

3.49

 

$

2.64

 

$

0.85

 

$

0.83

 

$

1.06

 

$

0.74

 

$

0.80

 
Diluted earnings

$

3.45

 

$

2.61

 

$

0.83

 

$

0.83

 

$

1.06

 

$

0.74

 

$

0.77

 
Dividends

$

1.38

 

$

1.30

 

$

0.35

 

$

0.35

 

$

0.35

 

$

0.33

 

$

0.33

 
Tangible book value

$

27.17

 

$

25.25

 

$

27.17

 

$

26.83

 

$

26.39

 

$

25.67

 

$

25.25

 
Shares outstanding

 

3,562,416

 

 

3,587,377

 

 

3,562,416

 

 

3,559,108

 

 

3,584,924

 

 

3,587,996

 

 

3,587,377

 
Average shares outstanding – basic

 

3,566,865

 

 

3,609,548

 

 

3,566,286

 

 

3,576,347

 

 

3,583,788

 

 

3,587,579

 

 

3,589,417

 
Average shares outstanding – diluted

 

3,608,452

 

 

3,650,511

 

 

3,624,602

 

 

3,574,626

 

 

3,610,073

 

 

3,604,675

 

 

3,719,559

 
 
 
 
Year-To-Date
Twelve Months Ended: Three Months Ended:
Other Selected Consolidated Data Sep 30,
2026		 Sep 30,
2025		 Sep 30,
2026		 June 30,
2026		 Mar 31,
2026		 Dec 31,
2025		 Sep 30,
2025
Return on average assets

 

1.31

%

 

1.08

%

 

1.25

%

 

1.23

%

 

1.61

%

 

1.14

%

 

1.25

%
Return on average equity

 

13.31

%

 

10.81

%

 

12.60

%

 

12.44

%

 

16.45

%

 

11.72

%

 

12.82

%
Net interest rate spread

 

2.95

%

 

2.68

%

 

3.04

%

 

2.97

%

 

2.90

%

 

2.87

%

 

2.83

%
Net yield on interest earning assets

 

3.36

%

 

3.13

%

 

3.47

%

 

3.38

%

 

3.30

%

 

3.29

%

 

3.26

%
Operating expenses to average assets

 

2.00

%

 

1.94

%

 

2.06

%

 

2.03

%

 

1.95

%

 

1.95

%

 

1.90

%
Efficiency ratio

 

53.65

%

 

57.72

%

 

55.94

%

 

55.91

%

 

47.96

%

 

55.43

%

 

54.37

%
Ratio of non-performing loans to total
assets at end of period

 

0.13

%

 

0.09

%

 

0.13

%

 

0.11

%

 

0.11

%

 

0.15

%

 

0.09

%
Loan loss reserve to total loans, net

 

0.69

%

 

0.68

%

 

0.69

%

 

0.70

%

 

0.70

%

 

0.69

%

 

0.68

%
Stockholders’ equity to assets

 

9.91

%

 

9.76

%

 

9.91

%

 

9.91

%

 

9.88

%

 

9.80

%

 

9.76

%
 
 
Selected Consolidated Financial Data Sep 30,
2026		 June 30,
2026		 Mar 31,
2026		 Dec 31,
2025		 Sep 30,
2025
Total assets

$

977,187

 

$

963,272

 

$

957,738

 

$

940,059

 

$

928,042

 
Cash & investment securities

 

14,976

 

 

14,262

 

 

11,268

 

 

12,469

 

 

12,030

 
Mortgage-backed securities

 

204,804

 

 

202,238

 

 

202,145

 

 

183,283

 

 

164,769

 
Total Investments

 

219,780

 

 

216,500

 

 

213,413

 

 

195,752

 

 

176,799

 
Consumer Loans receivable

 

339,954

 

 

339,609

 

 

338,202

 

 

343,646

 

 

348,499

 
Commercial Loans receivable

 

382,749

 

 

372,891

 

 

367,775

 

 

364,179

 

 

364,896

 
Loan loss reserve

 

(4,970

)

 

(4,976

)

 

(4,964

)

 

(4,869

)

 

(4,841

)
Total Loans receivable net

 

717,733

 

 

707,524

 

 

701,013

 

 

702,956

 

 

708,554

 
FHLB stock

 

7,667

 

 

6,590

 

 

7,183

 

 

7,054

 

 

7,507

 
Checking accounts

 

262,988

 

 

264,932

 

 

269,691

 

 

263,948

 

 

254,881

 
Savings accounts

 

206,853

 

 

211,587

 

 

208,990

 

 

201,898

 

 

205,057

 
Certificate of deposit accounts

 

227,723

 

 

234,451

 

 

223,301

 

 

215,601

 

 

212,064

 
Total Deposits

 

697,564

 

 

710,970

 

 

701,982

 

 

681,447

 

 

672,002

 
Advances

 

171,775

 

 

143,023

 

 

149,960

 

 

156,666

 

 

155,408

 
Total stockholders’ equity

 

96,803

 

 

95,487

 

 

94,590

 

 

92,110

 

 

90,577

 

 

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