- Muncy Columbia Financial Corporation (CCFN, Financial) declares a special one-time cash dividend of $0.50 per share, payable on May 22, 2025.
- For Q1 2025, net income increased to $4,345,000 or $1.23 per share, compared to $4,036,000 or $1.13 per share in Q1 2024.
- As of March 31, 2025, the non-performing assets ratio rose to 0.77%, with a book value per share of $48.50.
Muncy Columbia Financial Corporation (CCFN), the parent company of Journey Bank, has declared a special one-time cash dividend of $0.50 per share. This dividend will be payable to shareholders on May 22, 2025, with a record date of May 6, 2025. The announcement follows a successful fiscal year and strategic merger, allowing CCFN to return additional value to its shareholders while maintaining robust capital levels.
In its unaudited consolidated financial results for the first quarter of 2025, Muncy Columbia Financial Corporation reported a net income of $4,345,000 or $1.23 per share. This reflects an increase from the $4,036,000 or $1.13 per share recorded in the same period last year. The company also reported a net interest income of $13,868,000, a rise of $1,933,000 from the previous year, mainly driven by an increase in total interest and dividend income and a decrease in total interest expense.
Despite ongoing challenges, CCFN maintained a solid book value per share of $48.50 as of March 31, 2025, up from $47.11 on December 31, 2024. The non-performing assets rose to $12,300,000 or 0.77% of total assets, compared to 0.63% at the end of last year. The company continues to implement strategic initiatives to optimize long-term liquidity and balance sheet management, indicating robust future prospects.
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