ELMER, New Jersey — February 2, 2026
Executive Summary
Elmer Bancorp, Inc., the parent company of The First National Bank of Elmer, has announced that its Board of Directors declared a special cash dividend on February 2, 2026. The dividend, set at $0.20 per common share, is payable on March 2, 2026, to shareholders of record as of the close of business on February 16, 2026. According to the Company, the special dividend reflects the Board’s decision to distribute a portion of earnings following the Company’s financial performance during 2025. The announcement outlines the dividend terms, timing, and record date, and includes commentary from Company leadership regarding the rationale for the distribution. Elmer Bancorp stated that the declaration aligns with its approach to capital management and shareholder engagement while maintaining its focus on community banking operations through The First National Bank of Elmer.
Announcement Overview
Elmer Bancorp, Inc. announced that its Board of Directors has declared a special cash dividend to be paid to holders of the Company’s common stock. The dividend was formally approved on February 2, 2026, and will be distributed in the amount of $0.20 per common share. Shareholders who are recorded as owners of the Company’s common stock as of the close of business on February 16, 2026, will be eligible to receive the dividend. Payment is scheduled to be made on March 2, 2026.
The Company stated that the dividend is a one-time distribution and follows a review by the Board of Directors of the Company’s financial position, earnings, and capital levels. According to the announcement, the Board determined that the special cash dividend was appropriate in light of the Company’s operating results during the 2025 fiscal year.
Elmer Bancorp is the parent holding company of The First National Bank of Elmer, a nationally chartered community bank headquartered in Elmer, New Jersey. The Company’s operations are centered on traditional community banking services, including deposit and lending products for retail customers and small to mid-sized businesses in southern New Jersey.
Key Announcement Details
- Announcement type: Special cash dividend declaration
- Declaring entity: Elmer Bancorp, Inc.
- Dividend amount: $0.20 per common share
- Declaration date: February 2, 2026
- Record date: February 16, 2026
- Payment date: March 2, 2026
- Security type: Common stock
- Ticker symbol: OTCID: ELMA
Dividend Declaration and Terms
The special cash dividend declared by Elmer Bancorp applies to all issued and outstanding shares of the Company’s common stock as of the record date. The dividend will be paid in cash and represents a discrete distribution separate from any regular dividend policy the Company may maintain.
According to the Company, the declaration of the dividend followed a review process conducted by the Board of Directors, during which the Board evaluated the Company’s earnings performance, capital adequacy, and overall financial condition. The Board concluded that the Company’s capital position supported the payment of a special dividend while continuing to meet regulatory requirements and operational needs.
The Company did not announce any changes to its regular dividend practices in connection with the special dividend. The declaration pertains solely to the special cash dividend approved on February 2, 2026.
Strategic Context
According to the Company, the declaration of a special cash dividend reflects its assessment of financial performance and capital levels following the conclusion of the 2025 fiscal year. Special dividends are typically declared when a company’s board determines that earnings exceed near-term capital requirements or when the board elects to return excess capital to shareholders.
Elmer Bancorp operates within the regulatory framework applicable to bank holding companies and nationally chartered banks. As such, dividend decisions are informed by considerations including regulatory capital ratios, asset quality, liquidity, and projected growth needs. The Company stated that the dividend declaration was made following consideration of these factors.
Community banks such as The First National Bank of Elmer often balance shareholder distributions with investments in branch infrastructure, technology, and lending capacity. According to the Company, the special dividend does not alter its ongoing focus on serving local communities through deposit and loan products.
Leadership Statement
“I am pleased to announce that the Board of Directors has elected to continue the special one-time dividend this year,” said Brian W. Jones, President and Chief Executive Officer of Elmer Bancorp, Inc. “This dividend is being paid based on our outstanding performance of 2025. We feel that it is appropriate to reward our shareholders and wish to thank them as well as our customers and dedicated employees for another great year.”
Rationale Provided by Management
In its announcement, Company leadership emphasized that the special dividend was declared in recognition of the Company’s financial results during 2025. According to management, the decision reflects confidence in the Company’s earnings performance and balance sheet position.
The statement attributed to the President and Chief Executive Officer highlights the Company’s view that returning capital to shareholders through a special dividend is an appropriate use of earnings following a strong operating year. Management also acknowledged the role of customers and employees in supporting the Company’s performance.
The Company did not provide additional financial metrics in the announcement but indicated that the dividend decision was linked to results achieved during the prior year.
Corporate Structure and Operations
Elmer Bancorp, Inc. is a bank holding company whose primary asset is The First National Bank of Elmer. The Bank is a nationally chartered financial institution headquartered in Elmer, New Jersey, and has been serving the local community since its founding in 1903.
The Bank provides deposit and loan products to retail customers as well as to small and mid-sized businesses. Its operations are conducted through six full-service branch offices located in Cumberland, Gloucester, and Salem Counties in New Jersey. The main office is located at 10 South Main Street in Elmer, New Jersey.
In addition to its branch network, The First National Bank of Elmer operates a loan production office in Marlton, New Jersey. The loan production office supports lending activities in Burlington County and expands the Bank’s geographic reach within the state.
Community Banking Focus
According to the Company, The First National Bank of Elmer operates as a community-focused institution with an emphasis on relationship banking. Community banks typically concentrate on serving defined geographic markets and tailoring products to the needs of local customers.
The Bank’s product offerings include deposit accounts, commercial and consumer loans, and other traditional banking services. The Company stated that its operations are designed to support individuals, families, and businesses within its service areas.
Deposits held at The First National Bank of Elmer are insured up to the legal maximum amount by the Federal Deposit Insurance Corporation. The Bank’s national charter subjects it to federal regulatory oversight, including supervision related to safety and soundness standards.
Regulatory and Compliance Considerations
As a bank holding company, Elmer Bancorp is subject to regulatory oversight at both the holding company and bank levels. Dividend declarations by bank holding companies are influenced by regulatory capital requirements and supervisory expectations.
According to the Company, the special dividend was declared after consideration of regulatory requirements applicable to the Company and its subsidiary bank. The Company did not indicate that the dividend would affect its ability to meet regulatory capital thresholds.
The Bank’s deposits are insured by the FDIC, and its operations are governed by applicable federal banking regulations. The Company stated that it continues to operate within established regulatory frameworks.
Shareholder Considerations
The special cash dividend provides an immediate return to shareholders who hold the Company’s common stock as of the designated record date. Shareholders of record on February 16, 2026, will be entitled to receive the dividend when it is paid on March 2, 2026.
Dividend payments are subject to applicable tax considerations for shareholders. The Company did not provide tax guidance in the announcement and encouraged shareholders to consult their own tax advisors regarding the treatment of dividend income.
The announcement did not reference changes in share count, capital structure, or future dividend policies.
Historical Context
The First National Bank of Elmer has operated as a community bank for more than a century, with origins dating back to 1903. Over its history, the Bank has served customers across southern New Jersey and has maintained a focus on traditional banking services.
Elmer Bancorp, as the parent holding company, oversees the Bank’s operations and strategic direction. The declaration of a special dividend reflects one of the mechanisms through which the Company may distribute earnings to shareholders.
According to the Company, the special dividend declared in February 2026 follows prior special dividend practices and represents a continuation of the Board’s approach to capital distribution.
Financial Performance Context
While the Company did not disclose specific financial results in the announcement, management referenced the Company’s performance during 2025 as the basis for the dividend decision. According to the statement from the President and Chief Executive Officer, the Board considered the year’s results to be sufficiently strong to warrant a special distribution.
Community bank financial performance is typically influenced by factors such as net interest income, credit quality, operating expenses, and local economic conditions. The Company did not elaborate on these factors in the announcement.
Timing and Next Steps
The timeline for the special cash dividend is defined by three key dates: the declaration date of February 2, 2026, the record date of February 16, 2026, and the payment date of March 2, 2026. Shareholders who acquire shares after the record date will not be eligible to receive the dividend.
The Company did not announce any additional corporate actions in connection with the dividend declaration.
About Elmer Bancorp, Inc.
Elmer Bancorp, Inc. is the parent company of The First National Bank of Elmer, a nationally chartered community bank headquartered in Elmer, New Jersey. The Bank has served customers since 1903 and operates six full-service branch offices across Cumberland, Gloucester, and Salem Counties in New Jersey, along with a loan production office in Marlton, New Jersey.
The Bank provides deposit and lending products to retail customers and small to mid-sized businesses and operates with a community banking focus. Deposits at The First National Bank of Elmer are insured up to applicable limits by the Federal Deposit Insurance Corporation.
Media Contact
Cynthia L. Volk
Executive Vice President
Chief Financial Officer
Phone: 856-358-7000
Source Attribution
Source: Company announcement