CODORUS VALLEY BANCORP INC (CVLY) [Rocket]

Overview

CODORUS VALLEY BANCORP INC (CVLY)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/11/2023	8-K	Quarterly results
08/07/2023	10-Q	Quarterly Report for the period ended June 30, 2023
07/28/2023	SC 13D/A	Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend]
07/27/2023	8-K	Results of Operations and Financial Condition, Financial Statements and Exhibits  Interactive Data
07/12/2023	8-K	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
07/12/2023	8-K	Quarterly results
05/18/2023	8-K	Submission of Matters to a Vote of Security Holders  Interactive Data

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
Revenues	110.2	99.0	107.9	121.7	74.5	66.9	60.6	53.4
Revenue growth	11.3%	-8.3%	-11.3%	63.2%	11.4%	10.4%	13.6%	9.1%
Cost of goods sold	38.9	37.0	33.5	33.9	32.9	29.4	27.4	24.5
Gross profit	71.2	62.0	74.4	87.8	41.7	37.5	33.2	28.9
Gross margin	64.7%	62.7%	69.0%	72.2%	55.9%	56.1%	54.7%	54.1%
Selling, general and administrative	7.3	6.7	6.2	6.9
Sales and marketing					1.6	1.6	1.5	1.3
General and administrative	3.9	3.4	2.8	3.7	4.4	4.1	3.6	3.4
EBIT	61.5	52.8	65.5	78.3	32.6	29.0	25.2	21.5
EBIT margin	55.8%	53.3%	60.7%	64.3%	43.7%	43.4%	41.6%	40.2%
Pre-tax income	25.6	18.6	10.5	23.7	24.7	21.9	19.0	15.9
Income taxes	5.6	3.9	2.0	5.0	5.2	9.9	5.9	4.8
Tax rate	21.7%	21.1%	19.4%	21.2%	21.0%	45.2%	31.0%	30.2%
Net income	20.1	14.7	8.4	18.6	19.5	12.0	13.1	11.0
Net margin	18.2%	14.8%	7.8%	15.3%	26.2%	17.9%	21.6%	20.6%

Diluted EPS	$2.10	$1.50	$0.86	$1.88	$1.96	$1.21	$1.41	$1.58
Shares outstanding (diluted)	9.6	9.8	9.8	9.9	10.0	9.9	9.3	7.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.