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Codorus Valley Bancorp, Inc. Reports First Quarter 2021 Earnings


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Codorus Valley Bancorp, Inc. Reports First Quarter 2021 Earnings
Codorus Valley Bancorp, IncApril 22, 2021 GMT
YORK, Pa., April 22, 2021 (GLOBE NEWSWIRE) Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), collectively referred to as the Company, today announced net income of $3.9 million or $0.40 per share basic and diluted, for the quarter ended March 31, 2021, as compared to a net loss of $3.0 million or ($0.31) per share basic and diluted, for the quarter ended March 31, 2020.  
“Earnings for the first quarter 2021 increased by 230% over the same period in 2020 as the prior year’s earnings were adversely affected by a loss directly attributable to a single, large commercial lending relationship at PeoplesBank,” stated Larry J. Miller, Chairman, President/CEO ....

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