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Fulton Financial, Codorus Valley Bancorp report Q4 earnings

By - Last modified: January 16, 2013 at 11:54 AM

Two midstate bank holding companies reported results for the fourth quarter of 2012 and the full year.

Fulton Financial Corp. on Tuesday reported net income of $40.2 million, or 20 cents per diluted share, compared with net income of $36.1 million, or 18 cents per diluted share, in the fourth quarter of 2011.

The result matched analysts’ expectations, according to Yahoo Finance.

For the year, Fulton reported net income of $159.8 million, or 80 cents per diluted share, compared with $145.6 million, or 73 cents per share, for 2011.

Fulton, based in Lancaster, is the parent company of Fulton Bank and other community banks in the Mid-Atlantic. Its shares trade on the Nasdaq under the ticker symbol FULT.

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Codorus Valley Bancorp Inc. on Monday reported net income of $2.4 million, or 53 cents per diluted share, compared with net income of $2.4 million, or 55 cents per diluted share, in the fourth quarter of 2011.

Analysts’ expectations were not available.

For the year, Codorus Valley reported net income of $9 million, or $2 per diluted share, compared with $5.3 million, or $1.21 cents per share, for 2011.

Codorus Valley, based in York Township, York County, is the parent company of PeoplesBank. Its shares trade on the Nasdaq under the ticker symbol CVLY.

 

Write to the Editorial Department at editorial@cpbj.com

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