Codorus Valley Bancorp, Inc. (OQ:CVLY)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 105 Leader Heights Road Codorus Valley Corporate Center YORK PA 17403 |
| Tel: | 1-717-7471501 |
| Website: | www.peoplesbanknet.com/default.aspx |
| IR: | See website |
| Key People | ||
| Craig L. Kauffman President, Chief Executive Officer, Director | Larry D. Pickett Chief Financial Officer, Executive Vice President, Treasurer | Diane E. Baker Executive Vice President, Chief Risk Officer, Assistant Treasurer, Assistant Secretary |
| Daniel Robert Stolzer Executive Vice President, General Counsel, Corporate Secretary | Chad M. Clabaugh Senior Vice President, Chief Consumer Banking Officer of the Bank | Amy L. Doll Senior Vice President, Chief Commercial Banking and Lending Officer of the Bank |
| Business Overview |
| Codorus Valley Bancorp, Inc. is a bank holding company. PeoplesBank is its wholly owned bank subsidiary. PeoplesBank is a Pennsylvania chartered bank that offers a full range of consumer, business, wealth management, and mortgage services at financial centers located in communities throughout South Central Pennsylvania and Central Maryland. In addition to the twenty-two full service financial centers, it has eight financial centers located primarily within retirement communities that provide a full suite of services. PeoplesBank is focused on acquiring and nurturing financial relationships with small and mid-sized businesses. The Company's business is with clients located within South Central Pennsylvania, principally York and Lancaster Counties and North Central Maryland, principally Harford County and Baltimore County. Its subsidiary, Codorus Valley Financial Advisors, Inc. d/b/a PeoplesWealth Advisors, which sells non-deposit investment products. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Codorus Valley Bancorp, Inc. interest income increased 34% to $113.3M. Net interest income after loan loss provision increased 9% to $78.8M. Net income increased 24% to $25M. Net interest income after loan loss provision reflects Community banking segment increase from $0K to $78.8M, Net Interest Margin, Total - % increase of 11% to 3.76%. |
| Employees: | 317 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $291.51M as of Dec 31, 2023 |
| Annual revenue (TTM): | $113.30M as of Dec 31, 2023 |
| EBITDA (TTM): | $37.47M as of Dec 31, 2023 |
| Net annual income (TTM): | $24.97M as of Dec 31, 2023 |
| Free cash flow (TTM): | $13.63M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $76.10M as of Dec 31, 2023 |
| Shares outstanding: | 9,642,669 as of Mar 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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