Juniata Valley Financial Corp.’s Financial Results for Quarter and Year End December 31, 2024

Juniata Valley Financial Corp. recently released its financial results for the quarter and year ending December 31, 2024, via a press release attached to its Form 8-K filing. The company reported net income of $1.5 million for the three months ending December 31, 2024, which is slightly lower than the $1.7 million reported for the same period in 2023. Earnings per share for the quarter were $0.30 compared to $0.33 in 2023. For the full year 2024, the net income was $6.2 million, down from $6.6 million in 2023. Basic and diluted earnings per share for the year were $1.25 and $1.24, respectively, lower than the $1.32 and $1.31 reported for the corresponding 2023 period.

President and Chief Executive Officer of Juniata Valley Financial Corp., Marcie A. Barber, attributed the decrease in fourth-quarter net income compared to the previous year to several one-time noninterest expense items. Despite this, the company’s credit quality remains strong, with nonperforming loans totaling only 0.1% of the total loan portfolio.

Regarding financial highlights, return on average assets for 2024 was 0.72%, compared to 0.79% in 2023, while return on average equity stood at 14.19%, down from 18.20% in 2023. Net interest income for 2024 was $22.9 million, reflecting a slight increase from $22.7 million in 2023. The company saw an increase in non-interest income to $5.8 million for 2024 compared to $5.3 million in 2023.

Total assets as of December 31, 2024, stood at $848.9 million, a decrease of $21.7 million from the previous year. The company noted its strong liquidity position with additional borrowing capacity from various sources.

Additionally, the company declared a cash dividend of $0.22 per share on January 21, 2025, payable on February 28, 2025, to shareholders of record on February 14, 2025.

Juniata Valley Financial Corp. operates as the parent company of The Juniata Valley Bank, located in Mifflintown, Pennsylvania, serving various counties. Further information on Juniata Valley Financial Corp. and The Juniata Valley Bank can be found on their website. The company is listed on the OTCQX Best Market under the symbol JUVF.

This release may contain forward-looking information as Juniata Valley Financial Corp. continues to monitor future financial performance and manage uncertainties in the market. Investors are encouraged to review the risks and uncertainties the company faces in its filings with the Securities and Exchange Commission.

The financial information provided in this report is subject to change, as management continues to assess subsequent events that might impact the company’s financial position moving forward.

For further inquiries, please contact:
Michael W. Wolf
Email: [email protected]
Phone: (717) 436-7203

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Juniata Valley Financial’s 8K filing here.

Juniata Valley Financial Company Profile

Juniata Valley Financial Corp. operates as the bank holding company for The Juniata Valley Bank that provides retail and commercial banking services primarily to small and mid-sized businesses in central and northern Pennsylvania, the United States. The company accepts personal checking, club, money market deposit, savings, individual retirement, business checking, payroll direct deposit, and demand and time deposit accounts, as well as certificates of deposit.