HV Bancorp, Inc. Reports Results For the Quarter Ended March 31, 2022

Provided By Globe Newswire

Last update: May 6, 2022

DOYLESTOWN, Penn., May 06, 2022 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (the “Company” or “HVB”) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the “Bank”), reported operating results for the quarter ended March 31, 2022. Net income for the quarter ended March 31, 2022, was $601,000 ($0.30 per basic share of common stock and $0.29 per diluted share of common stock) versus net income of $1.3 million ($0.66 per basic share of common stock and $0.65 per diluted share of common stock) for the quarter ended March 31, 2021. Book value per share increased from $18.32 per share of common stock to $19.13 per share of common stock at March 31, 2022 over the same period. For the quarter ended March 31, 2022, net interest income was $3.6 million and continues to expand with an increase 11% over the first quarter of the prior year.