Harleysville Financial Corporation (OTCQX:HARL) reported today that the Company’s board of directors declared a regular quarterly cash dividend of $.30 per share on the Company’s common stock. The cash dividend will be payable on August 16, 2023 to stockholders of record on August 2, 2023.

Net income for the third quarter was $2,801,000 or $.76 per diluted share compared to $2,216,000 or $.59 per diluted share for the same quarter last year.

Net income for the nine months ended June 30, 2023 amounted to $9,205,000 or $2.47 per diluted share compared to $5,898,000 or $1.57 per diluted share for the same nine-month period a year ago.

“We were able to benefit from the rising rate environment and are pleased with our financial results for the quarter and nine months ended,” stated Brendan J. McGill, President, and Chief Executive Officer of the Company. McGill continued, “Asset quality and capital levels remain strong as we continue to navigate the changing economic and rate environment with discipline, ensuring we remain a competitive and an attractive option to our existing and prospective customers.”

The Company’s assets totaled $829.9 million compared to $928.7 million a year ago. Stockholders’ tangible book value increased 4.2% to $23.26 per share from $22.33 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 office located in Bucks County, Pennsylvania.

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.

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