Harleysville Savings Financial Corp. in Pennsylvania said Friday that net income fell 10%, to $771,000, in its fiscal fourth quarter, which ended Sept. 30. Earnings per share fell 9%, to 20 cents.
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The $773.5 million-asset parent company of Harleysville Savings Bank said in a press release that its credit quality remained strong. It reported no provision for loan losses, and its ratio of nonperforming loans to total assets was 0%.
Higher interest expenses accounted for some of the earnings drop. Its net interest income fell 7.8%, to $2.9 million.
