CVLY - Dividend announcements

First quarter net income of $4.3 million compared to net income of $7.0 million in the quarter ended March 31, 2023, and $5.5 million in the quarter ended December 31, 2023;Net interest margin of 3.34% for the quarter ended March 31, 2024, a 66-basis point decrease from the net interest margin of 4.00% for the quarter ended March 31, 2023;Tier 1 leverage capital ratio of 10.80% for the quarter ending March 31, 2024, a 60-basis point increase from the tier 1 leverage capital ratio of 10.20% for the quarter ending March 31, 2023;Year-to-date efficiency ratio of 73.91%; return on average assets of 0.77%; and return on equity of 8.48%;Cash dividend of $0.17 per common share payable on May 14, 20

YORK, Pa., April 10, 2024 (GLOBE NEWSWIRE) -- On April 9, 2024, the Board of Directors of Codorus Valley Bancorp, Inc. (the "Corporation") (NASDAQ:CVLY), the parent company of PeoplesBank, A Codorus Valley Company, declared a regular quarterly cash dividend of $0.17 per common share, payable on May 14, 2024, to shareholders of record at the close of business on May 7, 2024.   With assets of over $2 billion, PeoplesBank, A Codorus Valley Company, is a wholly owned subsidiary of Codorus Valley Bancorp, Inc., the largest independent financial institution headquartered in York County, Pennsylvania. PeoplesBank offers a full range of consumer, business, wealth management, and mortgage services

Fourth quarter net income of $5.5 million compared to net income of $7.9 million in the quarter ended December 31, 2022, and $5.9 million in the quarter ended September 30, 2023;Net income of $25.0 million for the year ended December 31, 2023, compared to net income of $20.1 million for the year ended December 31, 2022;Net interest margin of 3.76% for the year ended December 31, 2023, a 37-basis point increase from the net interest margin of 3.39% for the year ended December 31, 2022;Year-to-date efficiency ratio of 65.75%; return on average assets of 1.15%; and return on equity of 13.47%;Continued improvement in credit metrics with nonperforming assets to total loans of 0.23% at December 31

YORK, Pa., Jan. 10, 2024 (GLOBE NEWSWIRE) -- On January 9, 2024, the Board of Directors of Codorus Valley Bancorp, Inc. (the "Corporation") (NASDAQ:CVLY), the parent company of PeoplesBank, A Codorus Valley Company, declared a regular quarterly cash dividend of $0.17 per common share, payable on February 13, 2024, to shareholders of record at the close of business on January 23, 2024.   With assets of over $2 billion, PeoplesBank, A Codorus Valley Company, is a wholly owned subsidiary of Codorus Valley Bancorp, Inc., the largest independent financial institution headquartered in York County, Pennsylvania. PeoplesBank offers a full range of consumer, business, wealth management, and mortga

  Third quarter net income of $5.9 million compared to net income of $7.2 million in the quarter ended September 30, 2022, and $6.6 million in the quarter ended June 30, 2023; Net income of $19.5 million for the year ended September 30, 2023 compared to $12.2 million for the year ended September 30, 2022;Net interest margin of 3.81% for the nine months ended September 30, 2023, an increase from the net interest margin of 3.21% for the nine months ended September 30, 2022;Third quarter efficiency ratio of 66.95%; return on average assets of 1.08%; and return on equity of 12.64%;Steady performance in credit metrics with nonperforming assets to total loans of 0.47% at September 30, 2023, a de

YORK, Pa., Oct. 11, 2023 (GLOBE NEWSWIRE) -- On October 10, 2023, the Board of Directors of Codorus Valley Bancorp, Inc. (the "Corporation") (NASDAQ:CVLY), the parent company of PeoplesBank, A Codorus Valley Company, declared a regular quarterly cash dividend of $0.17 per common share, payable on November 14, 2023, to shareholders of record at the close of business on October 24, 2023. With assets of over $2 billion, PeoplesBank, A Codorus Valley Company, is a wholly owned subsidiary of Codorus Valley Bancorp, Inc., the largest independent financial institution headquartered in York County, Pennsylvania. PeoplesBank offers a full range of consumer, business, wealth management, and mor

Second quarter net income of $6.6 million compared to net income of $2.0 million in the quarter ended June 30, 2022, and $7.0 million in the quarter ended March 31, 2023;63 basis point increase in net interest margin from the quarter ended June 30, 2022, and 19 basis point decrease from the quarter ended March 31, 2023, to 3.81 percent;Second quarter efficiency ratio of 64.19 percent; return on average assets of 1.22 percent; and return on equity of 14.17 percent;Steady performance in credit metrics with nonperforming assets to total loans at 0.70 percent at June 30, 2023;Cash dividend of $0.17 per common share payable on August 8, 2023, to holders of record on July 25, 2023. YORK, Pa., Jul

YORK, Pa., July 12, 2023 (GLOBE NEWSWIRE) -- On July 11, 2023, the Board of Directors of Codorus Valley Bancorp, Inc. (the "Corporation") (NASDAQ:CVLY), the parent company of PeoplesBank, A Codorus Valley Company, declared a regular quarterly cash dividend of $0.17 per common share, payable on August 8, 2023, to shareholders of record at the close of business on July 25, 2023, which is an increase of $0.01 or 6 percent over the prior quarter's cash dividend payment. "This second dividend increase this year reflects the bank's successful execution of our strategic plan," commented Craig L. Kauffman, PeoplesBank President and CEO. "The board of directors and I are excited to increase our qua

YORK, Pa., April 27, 2023 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. ("Codorus Valley", or the "Corporation") (NASDAQ:CVLY), parent company of PeoplesBank, A Codorus Valley Company ("PeoplesBank", or the "Bank"), today reported net income of $7.0 million or $0.73 per diluted common share, for the first quarter of 2023. This compares to net income of $3.1 million or $0.32 per diluted common share, for the first quarter of 2022, representing an increase of $3.9 million or 129 percent and compares to net income of $7.9 million or $0.83 per diluted common share for the fourth quarter of 2022, representing a decrease of $900,000 or 11.9 percent. Financial and operational highlights inclu

YORK, Pa., April 12, 2023 (GLOBE NEWSWIRE) -- On April 11, 2023, the Board of Directors of Codorus Valley Bancorp, Inc. (the "Corporation") (NASDAQ:CVLY), the parent company of PeoplesBank, A Codorus Valley Company, declared a regular quarterly cash dividend of $0.16 per common share, payable on May 9, 2023, to shareholders of record at the close of business on April 25, 2023. With assets of over $2 billion, PeoplesBank, A Codorus Valley Company, is a wholly owned subsidiary of Codorus Valley Bancorp, Inc., the largest independent financial institution headquartered in York County, Pennsylvania. PeoplesBank offers a full range of consumer, business, wealth management, and mortgage ser

YORK, Pa., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. ("Codorus Valley", or the "Corporation") (NASDAQ:CVLY), parent company of PeoplesBank, A Codorus Valley Company ("PeoplesBank", or the "Bank"), today reported net income of $7.9 million or $0.83 per diluted common share, for the fourth quarter of 2022. This compares to net income of $7.2 million or $0.75 per diluted common share for the third quarter of 2022, representing an increase of $0.7 million or 10.9 percent and net income of $2.7 million or $0.28 per diluted common share, for the fourth quarter of 2021. For the year ended December 31, 2022, net income was $20.1 million or $2.10 per diluted common share, compa

YORK, Pa., Jan. 11, 2023 (GLOBE NEWSWIRE) -- On January 10, 2023, the Board of Directors of Codorus Valley Bancorp, Inc. (the "Corporation") (NASDAQ:CVLY), the parent company of PeoplesBank, A Codorus Valley Company, declared a regular quarterly cash dividend of $0.16 per common share, payable on February 14, 2023, to shareholders of record at the close of business on January 24, 2023. This represents a $0.01 per common share increase from the quarterly cash dividend paid in the prior four quarters.   The Corporation also announced that its Board approved the repurchase of up to $5 million in aggregate value of the Corporation's common stock from time to time in open market or privately n

YORK, Pa., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. ("Codorus Valley", or the "Corporation") (NASDAQ:CVLY), parent company of PeoplesBank, A Codorus Valley Company ("PeoplesBank", or the "Bank"), today reported net income of $7.2 million or $0.75 per diluted common share, for the third quarter of 2022. This compares to net income of $2.0 million or $0.20 per diluted common share for the second quarter of 2022, representing an increase of $5.2 million or 266.3 percent and net income of $4.8 million or $0.49 per diluted common share, for the third quarter of 2021. For the nine months ended September 30, 2022, net income was $12.2 million or $1.27 per diluted common shar

YORK, Pa., July 13, 2022 (GLOBE NEWSWIRE) -- On July 12, 2022, the Board of Directors of Codorus Valley Bancorp, Inc. (NASDAQ:CVLY), the parent company of PeoplesBank, A Codorus Valley Company, declared a regular quarterly cash dividend of $0.15 per common share, payable on August 9, 2022, to shareholders of record at the close of business on July 26, 2022, which is the same as the prior quarter's cash dividend. With assets of over $2 billion, PeoplesBank, A Codorus Valley Company, is a wholly owned subsidiary of Codorus Valley Bancorp, Inc., the largest independent financial institution headquartered in York County, Pennsylvania. PeoplesBank offers a full range of consumer, business,

YORK, Pa., April 13, 2022 (GLOBE NEWSWIRE) -- On April 12, 2022, the Board of Directors of Codorus Valley Bancorp, Inc. (NASDAQ:CVLY), the parent company of PeoplesBank, A Codorus Valley Company, declared a regular quarterly cash dividend of $0.15 per common share, payable on May 10, 2022, to shareholders of record at the close of business on April 26, 2022, which is the same as the prior quarter's cash dividend. With assets of over $2 billion, PeoplesBank, A Codorus Valley Company, is a wholly owned subsidiary of Codorus Valley Bancorp, Inc., the largest independent financial institution headquartered in York County, Pennsylvania. PeoplesBank offers a full range of consumer, business, we

YORK, Pa., Jan. 18, 2022 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. ("Codorus Valley" or the "Corporation") (NASDAQ:CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), today announced that it had successfully completed the $5 million treasury stock repurchase program announced on August 31, 2021, and that its Board of Directors had approved a new treasury stock repurchase program. Under the newly approved stock repurchase program, the Corporation is authorized to repurchase up to an additional $5 million of the Corporation's issued and outstanding common stock. As permitted by securities laws and other legal requirements and subject to market conditions a

YORK, Pa., Jan. 12, 2022 (GLOBE NEWSWIRE) -- On January 11, 2022, the Board of Directors of Codorus Valley Bancorp, Inc. (NASDAQ:CVLY), the parent company of PeoplesBank, A Codorus Valley Company, declared a regular quarterly cash dividend of $0.15 per common share, payable on February 8, 2022, to shareholders of record at the close of business on January 25, 2022, which is the same as the prior quarter's cash dividend. With assets of over $2 billion, PeoplesBank, A Codorus Valley Company, is a wholly owned subsidiary of Codorus Valley Bancorp, Inc., the largest independent financial institution headquartered in York County, Pennsylvania. PeoplesBank offers a full range of consumer, busin

Quarterly net income of $4.8 million compared to $3.6 million in the year-ago quarterIncreased cash dividend 15% to $0.15 per sharePurchased 164,820 shares at a weighted average price of $22.34 during third quarter New mortgage niche product deployments planned for fourth quarterOptimization of our network of Financial Centers continuesCraig L. Kauffman appointed President and CEO effective October 1, 2021 YORK, Pa., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ:CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), today announced net income of $4.8 million or $0.49 per diluted share, for the quart

YORK, Pa., Oct. 13, 2021 (GLOBE NEWSWIRE) -- On October 12, 2021, the Board of Directors of Codorus Valley Bancorp, Inc. (NASDAQ:CVLY), the parent company of PeoplesBank, A Codorus Valley Company, declared a regular quarterly cash dividend of $0.15 per common share, payable on November 9, 2021, to shareholders of record at the close of business on October 26, 2021, which is $0.02, or 15 percent higher than the prior quarter's regular cash dividend and special cash dividend combined. With assets of over $2 billion, PeoplesBank, A Codorus Valley Company, is a wholly owned subsidiary of Codorus Valley Bancorp, Inc., the largest independent financial institution headquartered in York County,

YORK, Pa., Sept. 02, 2021 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. ("Codorus Valley" or the "Corporation") (NASDAQ:CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), today announced that it had successfully completed the $5 million treasury stock repurchase program announced on January 12, 2021, and that its Board of Directors had approved a new treasury stock repurchase program. Under the newly approved stock repurchase program, the Corporation is authorized to repurchase up to an additional $5 million of the Corporation's issued and outstanding common stock. As permitted by securities laws and other legal requirements and subject to market conditions a

Net income of $3.3 million compared to $3.1 million in the year-ago quarterCash dividend of $0.11 per share and a special cash dividend of $0.02 per sharePurchased 142,541 shares at a weighted average price of $18.75 during second quarter New product deployments, including a new Zero Down Loan, planned for third quarterCompany announces plans to relocate and expand the Hunt Valley Financial Center in December 2021 in a separate press release YORK, Pa., July 22, 2021 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ:CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), collectively referred to as the Company, today

YORK, Pa., July 14, 2021 (GLOBE NEWSWIRE) -- On July 13, 2021, the Board of Directors of Codorus Valley Bancorp, Inc. (NASDAQ:CVLY), the parent company of PeoplesBank, A Codorus Valley Company, declared a regular quarterly cash dividend of $0.11 per common share, payable on August 10, 2021, to shareholders of record at the close of business on July 27, 2021, which is the same as the prior quarter's regular cash dividend. In addition, the Board declared a special cash dividend of $0.02 per common share, payable on August 10, 2021, to shareholders of record at the close of business on July 27, 2021, which is the same as the prior quarter's special cash dividend. With assets of ove

YORK, Pa., April 14, 2021 (GLOBE NEWSWIRE) -- On April 13, 2021, the Board of Directors of Codorus Valley Bancorp, Inc. (NASDAQ:CVLY), the parent company of PeoplesBank, A Codorus Valley Company, declared a regular quarterly cash dividend of $0.11 per common share, payable on May 11, 2021, to shareholders of record at the close of business on April 27, 2021, which is the same as the prior quarter's regular cash dividend. In addition, the Board declared a special cash dividend of $0.02 per common share, payable on May 11, 2021, to shareholders of record at the close of business on April 27, 2021, which is the same as the prior quarter's special cash dividend. With assets of over $2 b

YORK, Pa., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), collectively referred to as the Company, today announced net income of $4.8 million or $0.49 per share basic and $0.48 per share diluted, for the quarter ended December 31, 2020, as compared to net income of $4.5 million or $0.46 per share basic and diluted, for the quarter ended December 31, 2019. For the year ended December 31, 2020, net income was $8.4 million or $0.86 per share basic and diluted, compared to $18.6 million or $1.89 per share basic and $1.88 per share diluted, for the year end