Hudson Valley Holding Corp., the Yonkers-based parent company of Hudson Valley Bank, has announced earnings of 16 cents per share for the second quarter, up from 8 cents per share in the first quarter but not reaching the 18 cents per share reported for the second quarter of 2013.
The bank announced that deposits totaled $2.86 billion as of June 30, increasing 11.7 percent during the second quarter and 8.7 percent from Dec. 31. Hudson Valley”™s total assets were listed at $3.225 billion, up from $2.999 billion on Dec. 31.
“We were very pleased with the significant asset and deposit growth in the second quarter,” said Stephen R. Brown, Hudson Valley Holding Corp.”™s CEO, during an earnings call Monday morning.
The company’s board of directors also declared a quarterly cash dividend of 8 cents per share, up from 6 cents, payable on Aug. 15 to all common-stock shareholders of record as of Aug. 8. The dividend hike was the company’s first since 2011.
Hudson Valley Bank has 17 branches in Westchester County, including five in Yonkers and three in White Plains. The bank has 11 other branches in the Bronx, Manhattan, Brooklyn and Rockland County.
