Hemet Bancorp Announces Quarterly Dividend and Fourth Quarter Earnings

January 26, 2024

Hemet Bancorp, parent company of HCN Bank, is pleased to announce a cash dividend of $3.25 per share of common stock. The dividend will be paid to shareholders of record as of January 25, 2024. The disbursement to shareholders has been processed today.

The company also reports strong fourth quarter financial results, with unaudited net income of $21,105,000 year-to-date, as compared to $21,364,000 in the same period of the prior year. 

As of December 31, 2023, total assets were $905.7 million, compared to $971.3 million at the end of last year. Moreover, total stockholders’ equity increased from $83.2 million to $96.1 million, indicating a solid growth in the company's financial health.

We appreciated your continued support of Hemet Bancorp.

About HCN Bank:

HCN Bank, formerly known as The Bank of Hemet, is a full-service community bank that has been serving the Hemet community since 1974. With a commitment to personalized service, innovative solutions, and strong community relationships, HCN Bank offers a comprehensive range of financial services to individuals, businesses, and organizations.