Hudson Valley Holding Q2 Profit Declines; Declares Dividend - Quick Facts

(RTTNews) - Hudson Valley Holding Corp. (HVB) posted second-quarter net income of $2.4 million or $0.12 per share, compared to $3.5 million or $0.18 per share in the comparable quarter last year. On average, four analysts polled by Thomson Reuters expected the company to earn $0.14 per share. Analysts' estimates typically exclude special items.

Net interest income for the the latest second quarter was $22.1 million up from $21.1 million in the year-ago period, while total non-interest income rose to $3.93 million from $3.88 million last year.

Analysts expected revenue of $26.12 million for the quarter.

The Company's board of directors declared a quarterly cash dividend of $0.08 per share, payable on August 15, 2014, to all common stock shareholders of record as of the close of business on August 8, 2014.