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Stock impact report

Muncy Columbia Financial Corporation Reports Third Quarter 2024 Earnings

MUNCY COLUMBIA FNCL (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 third 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 September 30, 2024 was $5,056,000, or $1.42 per share compared to net income of $1,171,000, or $0.56 per share for the same period in 2023. Net income, as reported under GAAP, for the nine months ended September 30, 2024 was $13,799,000, or $3.86 per share compared to $4,573,000, or $2.20 per share for the same period in 2023. Return on average assets and return on average equity were 1.26% and 12.34% for the quarter ended September 30, 2024, as compared to 0.63% and 6.78% for the same period of 2023.The fully-tax equivalent net interest margin was 3.40% and 2.29% for the nine-month perio Show less Read more
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