Codorus Valley Bancorp Inc (CVLY) |
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Price: $21.8000
$-0.23
-1.044%
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Day's High:
| $22.23
| Week Perf:
| -3.54 %
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Day's Low: |
$ 21.80 |
30 Day Perf: |
-8.4 % |
Volume (M): |
16 |
52 Wk High: |
$ 25.88 |
Volume (M$): |
$ 347 |
52 Wk Avg: |
$20.87 |
Open: |
$21.97 |
52 Wk Low: |
$16.00 |
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Market Capitalization (Millions $) |
210 |
Shares
Outstanding (Millions) |
10 |
Employees |
256 |
Revenues (TTM) (Millions $) |
95 |
Net Income (TTM) (Millions $) |
25 |
Cash Flow (TTM) (Millions $) |
-87 |
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
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Customers Net Income fell by |
CVLY's Customers Net Profit Margin fell to |
-4.24 % |
11.09 %
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Stock Performances by Major Competitors |
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Codorus Valley Bancorp Inc
Codorus Valley Bancorp, Inc., the parent company of PeoplesBank, has reported its financial results for the October to December 31, 2023 financial interval. Despite a decline in revenue, the company experienced growth in earnings per share (EPS) and net earnings. This article aims to interpret the key financial results and shed light on the company's performance in the given period. 1. Revenue Decline and EPS Growth: During the October to December 2023 financial interval, Codorus Valley Bancorp, Inc.'s S&Ls Savings Banks company witnessed a decrease in revenue by -0.702% to $24.17 million compared to the previous year. However, the company managed to raise its EPS by 0.15% to $0.55 per share. This indicates a strong bottom-line growth, albeit moderate.
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Dividend
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 ...
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Codorus Valley Bancorp Inc
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.
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Dividend
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 ...
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Codorus Valley Bancorp Inc
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.
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Per Share |
Current |
Earnings (TTM) |
2.58 $ |
Revenues (TTM) |
9.88 $
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Cash Flow (TTM) |
- |
Cash |
36.28 $
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Book Value |
20.7 $
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Dividend (TTM) |
0.66 $ |
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Per Share |
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Earnings (TTM) |
2.58 $
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Revenues (TTM) |
9.88 $ |
Cash Flow (TTM) |
- |
Cash |
36.28 $
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Book Value |
20.7 $ |
Dividend (TTM) |
0.66 $ |
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Company Estimates |
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• Revenue Outlook
Codorus Valley Bancorp Inc does not provide revenue guidance.
• Earnings Outlook
Codorus Valley Bancorp Inc does not provide earnings estimates.
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