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Stock impact report

Muncy Columbia Financial Corporation Reports Fourth Quarter 2024 Earnings

CCFNB BANCORP INC (CCFN) 
Company Research Source: Business Wire
BLOOMSBURG, Pa.--(BUSINESS WIRE)--Muncy Columbia Financial Corporation (“Corporation”) (OTCQX: CCFN), parent company of Journey Bank (”Bank”), has released its unaudited consolidated financial statements for the fourth quarter of 2024.Unaudited Financial InformationNet income, as reported under accounting principles generally accepted in the United States of America (“GAAP”), for the quarter ended December 31, 2024 was $5,224,000, or $1.47 per share compared to a net loss of $1,186,000, or ($0.41) per share for the same period in 2023. Net income, as reported under GAAP, for the year ended December 31, 2024 was $19,023,000, or $5.33 per share compared to $3,387,000, or $1.49 per share for the same period in 2023. Net income for the quarter and year-ended December 31, 2023 was significantly impacted by merger related expenses related to the Corporation’s merger with Muncy Bank Financial, Inc. on November 11, 2023.Return on average assets and return on average equity were 1.30% and Show less Read more
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