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Codorus Valley Bancorp Inc   (CVLY)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $22.7400 $-0.15 -0.655%
Day's High: $23.12 Week Perf: -1.6 %
Day's Low: $ 22.74 30 Day Perf: -9.9 %
Volume (M): 3 52 Wk High: $ 25.88
Volume (M$): $ 75 52 Wk Avg: $20.90
Open: $23.06 52 Wk Low: $16.00



 Market Capitalization (Millions $) 221
 Shares Outstanding (Millions) 10
 Employees 256
 Revenues (TTM) (Millions $) 95
 Net Income (TTM) (Millions $) 25
 Cash Flow (TTM) (Millions $) -171
 Capital Exp. (TTM) (Millions $) 2

Codorus Valley Bancorp Inc

Codorus Valley Bancorp, Inc. is a Pennsylvania business corporation, incorporated on October 7, 1986. On March 2, 1987, Codorus Valley became a bank holding company under the Bank Holding Company Act of 1956, as amended. PeoplesBank, A Codorus Valley Company (“PeoplesBank”) is its wholly owned bank subsidiary. The Corporation’s business consists primarily of managing PeoplesBank, and its principal source of income is dividends received from PeoplesBank. The Corporation also wholly-owns two non-bank subsidiaries, SYC Realty Co., Inc., a subsidiary for holding certain foreclosed assets pending liquidation, and CVLY Corp., which may be used, as needed, for the financial and legal management of acquisition transactions.

PeoplesBank, organized in 1934, is a Pennsylvania chartered bank that offers a full range of business and consumer banking services. PeoplesBank operated twenty-four financial centers located in York and Cumberland Counties in Pennsylvania, and in Baltimore, Harford and Carroll Counties, and Baltimore City, in Maryland. PeoplesBank, with origins dating back to 1864, is focused on acquiring and nurturing financial relationships with small and mid-sized businesses. It also provides personal banking, mortgage banking, wealth management and real estate settlement services. The Federal Deposit Insurance Corporation insures the deposits of PeoplesBank to the maximum extent provided by law.

PeoplesBank is not dependent on deposits of, or exposed to a loan concentration to, a single customer, or a small group of customers. Therefore, the loss of a single customer, or a small customer group, would not have a material adverse effect on the financial condition of PeoplesBank.

Most of the Corporation’s business is with customers in York County, Pennsylvania and northern Maryland. Although this market area may pose a concentration risk geographically, we believe that the diverse local economy and our detailed knowledge of the customer base lessens this risk.

PeoplesBank had five wholly-owned nonbank subsidiaries as of December 31, 2015, that are consolidated for financial reporting purposes. Codorus Valley Financial Advisors, Inc., a subsidiary that sells non-deposit investment products, began operations in January 2000, and previously operated as SYC Insurance Services, Inc. until the change to the current name in December 2005. SYC Settlement Services, Inc. is a subsidiary that has provided real estate settlement services since January 1999. Periodically, PeoplesBank creates nonbank subsidiaries for the purpose of temporarily holding certain foreclosed assets pending liquidation.

In 2006, Codorus Valley formed CVB Statutory Trust No. 2, a wholly-owned special purpose subsidiary whose sole purpose was to facilitate a pooled trust preferred debt issuance of $7,217,000. In 2004, Codorus Valley formed CVB Statutory Trust No. 1 to facilitate a pooled trust preferred debt issuance of $3,093,000. The Corporation owns 100 percent of the common stock of these nonbank subsidiaries, which are not consolidated for financial reporting purposes. These obligations are reported as junior subordinated debt on the Corporation’s balance sheet.

In 1991, SYC Realty Co., Inc. was incorporated as a wholly owned subsidiary of Codorus Valley, and originally commenced operations in October 1995. Codorus Valley created this nonbank subsidiary primarily for the purpose of holding certain foreclosed properties obtained by PeoplesBank pending liquidation of those properties. SYC Realty was inactive during the entire reporting period of 2015.

In 2014, CVLY Corp. was formed as a wholly-owned subsidiary of Codorus Valley to be used in connection with the acquisition of Madison Bancorp, Inc. (which was completed on January 16, 2015). This entity may be used, as needed, for the financial and legal management of acquisition transactions.



   Company Address: 105 Leader Heights Road York 17403 PA
   Company Phone Number: 747-1519   Stock Exchange / Ticker: NASDAQ CVLY
   CVLY is expected to report next financial results on March 13, 2024.


Customers Net Income fell by CVLY's Customers Net Profit Margin fell to

-5.86 %

16.88 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Dividend

Reaping Rewards: Codorus Valley Bancorp, Inc Declares Quarterly Dividend Payout to Shareholders

Published Wed, Jan 10 2024 1:45 PM UTC

Reaping Rewards: Codorus Valley Bancorp, Inc. Declares Quarterly Dividend Payout to Shareholders
York, Pa., Jan 10, 2024 - Codorus Valley Bancorp, Inc., the parent company of PeoplesBank, A Codorus Valley Company, made a significant announcement on January 9, 2024. The Board of Directors declared a regular quarterly cash dividend of $0.17 per common share. This dividend ...

Codorus Valley Bancorp Inc

Deterioration in EPS by -18.67% at Codorus Valley Bancorp Inc in Q3 2023

Codorus Valley Bancorp Inc, the parent company of PeoplesBank, A Codorus Valley Company, recently reported soft results for the fiscal time-frame ending September 30, 2023. The company experienced a decline in both income and revenue compared to the previous year. Income fell by -18.67% to $0.61 per share, while revenue decreased by -4.953% to $23.31 million.
When comparing the results to the preceding quarter, revenue decreased by -2.967% from $24.03 million, and profits fell by -11.59% from $0.69 per share. The bottom-line of $5.917 million in the fiscal time-frame ending September 30, 2023, also experienced a decline of -17.29% from $7.154 million in the corresponding period a year before.

Dividend

Codorus Valley Bancorp, Inc. Rewards Shareholders with Quarterly Dividend Announcement

Published Wed, Oct 11 2023 12:45 PM UTC



Codorus Valley Bancorp, Inc., the parent company of PeoplesBank, A Codorus Valley Company, recently announced the declaration of a regular quarterly cash dividend for its shareholders. This exciting news showcases the company's commitment to rewarding its investors while indicating a positive outlook for future growth. In this article, we will delve into the facts ...

Codorus Valley Bancorp Inc

Exceptional Profit Accrual by Codorus Valley Bancorp Inc During Recent Fiscal Cycle

Codorus Valley Bancorp Inc (CVLY) has shown impressive growth in the April to June 30, 2023 fiscal time-frame. The company's net profit per share surged by an astounding 115.63% year on year to reach $0.69 per share, while revenue experienced a substantial increase of 29.623% to $24.03 million. These exceptional financial results highlight the company's strong performance and ability to capitalize on market opportunities.
Although there was a slight decrease in net profit per share, amounting to -5.48% from $0.73 per share, the company managed to achieve an overall positive growth trajectory. Additionally, revenue also saw a minor increase of 0.967% from $23.80 million, indicating a steady growth trend.

Codorus Valley Bancorp Inc

Codorus Valley Bancorp Inc Shines with Extraordinary Earnings in Q1 2023 Earnings Season

Codorus Valley Bancorp Inc Reports Impressive Growth in Q1 2023 Financial Results
Codorus Valley Bancorp Inc has reported a strong financial performance in the first quarter of 2023, with impressive growth in both revenue and net profit. The company's net profit per share advanced by 161.05 % year on year to $0.73 per share, while revenue increased by 29.31 % to $23.80 million.
Sequentially, the company?s bottom line grew by 32.33% from $0.55 per share, while revenue decreased by -2.247 % from $24.34 million. Codorus Valley Bancorp Inc is focused on boosting its profit margins, with its net margin rising to 29.38% in January to March 2023, and its operating margin edging up to 37.76%.






 

Codorus Valley Bancorp Inc's Segments
 
 
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