HV Bancorp, Inc. Reports Results For The Quarter Ended June 30, 2022

DOYLESTOWN, Pa., Aug. 05, 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 Company for the quarter and six months ended June 30, 2022. Net income for the quarter ended June 30, 2022, was $640,000 or ($0.33 per basic share and $0.31 per diluted share) versus net income of $1.3 million or ($0.65 per basic share and $0.63 per diluted share). Net income for the six months ended June 30, 2021, was $1.2 million ($0.63 per basic share and $0.60 per diluted share) versus net income of $2.6 million ($1.30 per basic share and $1.27 per diluted share). For the quarter and six months ended June 30, 2022, net interest income increased 24.4% and 18.1% to $4.4 million and $8.0 million over the same periods of the prior year.

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