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Investor Relations Press ReleasesAPRIL 17, 2024The Board of Directors of Mauch Chunk Trust Financial Corporation (MCTFC) have released earnings results for the corporation for the period ended March 31, 2024. Net income for the three months ended March 31, 2024, was $1.3 million, $119 thousand higher than the same period in 2023. On a per share basis, net income was $ .38 this year versus $ .34 last year. Higher net income in 2024 is attributable to an increase in other income offset by decreases in net interest income, an increase in other expenses and increases in the provision for loan losses and taxes. DECEMBER 8, 2023The Board of Directors of Mauch Chunk Trust Financial Corp. declared a regular dividend of $.17 per share payable on December 30th, 2023, to shareholders of record as of December 1, 2023. Mauch Chunk Trust Financial Corp. is the parent company of the Mauch Chunk Trust Company, a community bank with seven offices in Carbon and Schuylkill County, PA. On November 30, the corporation had total assets of $636.3 million. OCTOBER 24, 2023The Board of Directors of Mauch Chunk Trust Financial Corporation (MCTFC) have released earnings results for the corporation for the period ended Sept 30, 2023. Net income for the nine months ended September 30, 2023, was $2.8 million, $1.2 million lower than the first nine months of 2022. On a per share basis, net income year-to-date was $0.84 this year compared to $1.20 last year. For the three months ending September 30, 2023, net income was $733 thousand, $633 thousand lower than last year. On a per share basis, third quarter net income was $0.22 and $0.41, respectively, for 2023 and 2022. Lower year-to-date net income in 2023 is attributable to a decrease in net interest income, and increases in other expenses and the provision for loan losses, partially offset by higher other income and a decrease in taxes. July 28, 2023The Board of Directors of Mauch Chunk Trust Financial Corporation (MCTFC) have released earnings results for the corporation for the period ended June 30, 2023. Net income for the six months ended June 30, 2023, was $2.07 million, $583 thousand lower than the first half of 2022. On a per share basis, net income year-to-date was $.62 this year compared to $.79 last year. For the three months ending June 30, 2023, net income was $923 thousand, $462 thousand lower than last year. On a per share basis, second quarter net income was $.28 and $.42, respectively, for 2023 and 2022. Lower net income in 2023 is attributable to a decrease in net interest income, an increase in other expenses partially offset by higher other income and decreases in the provision for loan losses and taxes. May 24, 2023The Board of Directors of Mauch Chunk Trust Financial Corp. declared a regular dividend of $.17 per share payable on June 30, 2023, to shareholders of record as of June 2, 2023. Mauch Chunk Trust Financial Corp. is the parent company of the Mauch Chunk Trust Company, a community bank with seven offices in Carbon and Schuylkill County, PA. On April 30, 2023, the corporation had total assets of $618.1 million. april 20, 2023The Board of Directors of Mauch Chunk Trust Financial Corporation (MCTFC) have released earnings results for the corporation for the period ended March 31, 2023. Net income for the three months ended March 31, 2023 was $1.1 million, $121 thousand less than the same period in 2022. On a per share basis, net income was $ .34 this year versus $ .38 last year. Lower net income in 2023 is attributable to a decrease in net interest income, an increase in other expenses partially offset by higher other income and decreases in the provision for loan losses and taxes. December 15, 2022The Board of Directors of Mauch Chunk Trust Financial Corp. declared a regular dividend of $.17 per share payable on December 31st, 2022, to shareholders of record as of December 2, 2022. Mauch Chunk Trust Financial Corp. is the parent company of the Mauch Chunk Trust Company, a community bank with seven offices in Carbon and Schuylkill County, PA. On November 30th 2022, the corporation had total assets of $611.7 million. NOVEMBER 4, 2022The Board of Directors of Mauch Chunk Trust Financial Corporation have released earnings results for the corporation for the period ended September 30, 2022. Net income for the nine months ended September 30, 2022, was $4.02 million, $282 thousand higher than the first nine months of 2021. On a per share basis, net income year-to-date was $1.20 this year compared to $1.12 last year. For the three months ending September 30, 2022, net income was $1.37 million, $116 thousand higher than last year. On a per share basis, second quarter net income was $.41 and $.37, respectively, for 2022 and 2021. Higher year-to-date net income in 2022 is attributable to an increase in net interest income and a decrease in the provision for loan losses, partially offset by a reduction in other income, mainly lower gains on the sales of securities, as well as increases in other expenses and taxes. For the three-months ended September 30, 2022, higher net income is attributable to an increase in net interest income and a decrease in the provision for loan losses, partially offset by a reduction in other income, as well as increases in other expenses and taxes. JULY 27, 2022The Board of Directors of Mauch Chunk Trust Financial Corporation (MCTFC) have released earnings results for the corporation for the period ended June 30, 2022. Net income for the six months ended June 30, 2022, was $2.65 million, $166 thousand higher than the first half of 2021. On a per share basis, net income year-to-date was $.79 this year compared to $.74 last year. For the three months ending June 30, 2022, net income was $1.39 million, $220 thousand higher than last year. On a per share basis, second quarter net income was $.42 and $.35, respectively, for 2022 and 2021. Higher year-to-date net income in 2022 is attributable to an increase in net interest income and a decrease in the provision for loan losses, partially offset by a reduction in other income, mainly lower gains on the sales of securities, as well as increases in other expenses and taxes. For the three-months ended June 30, 2022, higher net income is attributable to an increase in net interest income, other income, and a decrease in the provision for loan losses, partially offset by higher other expenses and taxes. November 12, 2021The Board of Directors of Mauch Chunk Trust Financial Corp. declared a dividend of $.16 per share payable on December 31, 2021 to shareholders of record as of December 1, 2021. This action brings the annual dividend rate to $.32 per share. Mauch Chunk Trust Financial Corp. is the parent company of the Mauch Chunk Trust Company, a community bank with seven offices in Carbon and Schuylkill County, PA. On September 30, 2021, the corporation had total assets of $612.5 million and shareholders’ equity of $48.7 million. May 10, 2021The Board of Directors of Mauch Chunk Trust Financial Corp. declared a regular dividend of $.16 per share payable on June 30, 2021 to shareholders of record as of June 2, 2021. Mauch Chunk Trust Financial Corp. is the parent company of the Mauch Chunk Trust Company, a community bank with seven offices in Carbon and Schuylkill County, PA. On March 31, 2021, the corporation had total assets of $538.5 million and shareholders’ equity of $43.1 million. December 18, 2020The Board of Directors of Mauch Chunk Trust Financial Corp. declared a regular dividend $.15 per share payable December 31, 2020 to shareholders of record December 2, 2020. Mauch Chunk Trust Financial Corp. is the parent company of the Mauch Chunk Trust Company, a community bank with seven offices in Carbon and Schuylkill County, PA. On September 30, 2020, the corporation had total assets of $508.1 million and shareholders’ equity of $48.4 million. May 5, 2020The Board of Directors of Mauch Chunk Trust Financial Corp. declared a dividend of $.15 per share payable on June 30, 2020 to shareholders of record as of June 3, 2020. Mauch Chunk Trust Financial Corp. is the parent company of the Mauch Chunk Trust Company, a community bank with seven offices in Carbon and Schuylkill County, PA. On March 31, 2020 the corporation had total assets of $465.9 million and shareholders’ equity of $43.7 million. February 4, 2020The Board of Directors of Mauch Chunk Trust Financial Corporation have released earnings results for the corporation for the year ended December 31, 2019. Net income for the year ended December 31, 2019 was $2.41 million, $421 thousand lower than 2018 net income of $2.83 million. On a per share basis, net income was $0.72 for 2019 versus $0.84 per share the prior year. The overall decrease in earnings was mainly attributable to increases in the provision for loan losses, other expenses, pre-payments penalties on FHLB advances and lower net realized gains on the sale of foreclosed assets. These negative variances were partially offset by higher net interest income and an increase in realized gains on the sale of securities. January 6, 2020Mauch Chunk Trust Financial Corp. is required to make available to all stockholders Internal Revenue Service (IRS) Form 8937, which provides information regarding a split or dividend and describes the method for the allocation of a stockholder’s basis to the resulting shares held after the split or dividend. Please click this link to access IRS Form 8937 for Mauch Chunk Trust Financial Corp.'s stock split completed in November 2019. |