2023-04-25 17:09:43 ET
- Muncy Bank Financial press release ( OTCQB:MYBF ): Q1 GAAP EPS of $0.72.
- Cash dividend increased to $0.39/share compared to $0.38/share in 2022
- Total Assets increased 5% to $650,870,000
- Net Loans increased 10% to $491,804,000
- Retained Earnings increased 5% to $56,011,000
- Return on Average Assets was 0.73%
- Return on Average Equity was 9.64%
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The Bank’s loan portfolio remained strong with an overall delinquency ratio of 0.57% of gross loans at March 31, 2023, compared to 0.53% at March 31, 2022.
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The allowance for credit losses was $5,371,000 or 1.08% of gross loans at March 31, 2023, compared to $4,792,000 or 1.06% of gross loans at March 31, 2022.
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The Bank adopted the current expected credit loss (“CECL”) model effective January 1, 2023.
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Muncy Bank Financial, Inc. paid cash dividends of $0.39 per share for the first quarter 2023, compared to $0.38 for the same period in 2022, an increase of 3%.
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The first quarter 2023 dividend represented the 350th consecutive dividend payout dating back to 1935.
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Muncy Bank Financial Inc. has increased its annual dividend payout since 1990.
For further details see:
Muncy Bank Financial GAAP EPS of $0.72