Juniata Valley Financial Corp. Announces Results for the Quarter Ended September 30, 2025

Core Insights - Juniata Valley Financial Corp. reported a net income of $2.1 million for Q3 2025, a 25.6% increase from $1.6 million in Q3 2024, with earnings per share rising to $0.41 from $0.33 [1][10][29] - For the nine months ended September 30, 2025, net income reached $6.0 million, up 26.1% from $4.7 million in the same period of 2024, with earnings per share increasing to $1.19 from $0.95 [1][3][29] Financial Performance - The annualized return on average assets for the nine months ended September 30, 2025, was 0.92%, a 26.0% increase from 0.73% in the same period of 2024 [3] - The annualized return on average equity for the nine months ended September 30, 2025, was 15.65%, up 6.5% from 14.70% in the previous year [3][10] Net Interest Income - Net interest income for the nine months ended September 30, 2025, was $18.6 million, compared to $17.1 million in the same period of 2024 [4] - The yield on earning assets increased by 17 basis points to 4.50%, while the cost of funding interest-earning assets decreased by eight basis points to 2.23% [5] Credit Quality - The provision for credit losses was $669,000 for the nine months ended September 30, 2025, compared to $471,000 in the same period of 2024, attributed to an 8.2% loan growth [6] Non-Interest Income and Expenses - Non-interest income for the nine months ended September 30, 2025, was $4.3 million, slightly up from $4.2 million in 2024, with customer service fees increasing by $100,000 [7] - Non-interest expenses decreased to $15.2 million for the nine months ended September 30, 2025, from $15.4 million in 2024, primarily due to lower employee benefits expenses [8] Financial Condition - Total assets as of September 30, 2025, were $880.5 million, a 3.7% increase from $848.9 million at the end of 2024 [18] - Total loans increased by $43.9 million, or 8.2%, primarily due to growth in commercial and consumer real estate loans [18] Liquidity Position - Juniata maintained a strong liquidity position with additional borrowing capacity of $214.7 million from the Federal Home Loan Bank and $50.6 million from the Federal Reserve's Discount Window [19] Dividend Declaration - On October 21, 2025, the Board of Directors declared a cash dividend of $0.22 per share, payable on December 1, 2025 [20]