The business behind the dividend
| Measure | CCFN | Median | Formula |
|---|---|---|---|
| Return on equity | 12.6% | 10.6% | Net income ÷ shareholders’ equity |
| Return on capital employed | — | — | Operating income ÷ (equity + total debt) |
| Owner earnings | $24.33m | $120.90m | Net income + depreciation & amortisation − capital expenditure |
| Free cash flow | $21.89m | $155.08m | Operating cash flow − capital expenditure |
| Operating margin | 33.1% | 14.3% | Operating income ÷ revenue |
| Net margin | 27.5% | 10.1% | Net income ÷ revenue |
| Debt to equity | — | — | Total debt ÷ shareholders’ equity |
| Interest cover | — | — | Operating income ÷ interest expense |
| Current ratio | — | — | Current assets ÷ current liabilities |
| Long-term debt to working capital | — | — | Long-term debt ÷ (current assets − current liabilities) |
| Cash conversion | — | — | Operating cash flow ÷ net income |
| Accruals | 0.1% | -3.1% | (Net income − operating cash flow) ÷ total assets |
Not computed here: Cash conversion, Current ratio, Debt to equity, Long-term debt to working capital, Interest cover, Return on capital employed — why a blank is not a zero.
Ten years of it
The same measures, for every year the filings support. One year is a fact; a row is a business.
| Measure | 2025 | 2024 | 2023 | 2022 | 2013 | 2012 | 2011 | 2010 | 2009 | Median |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on equity | 12.6% | 11.4% | 2.2% | 11.1% | 9.0% | 9.6% | 9.5% | 9.3% | 9.0% | 9.5% |
| Operating margin | 33.1% | 27.3% | 9.8% | 42.2% | 43.2% | 41.9% | 37.1% | 32.2% | 27.9% | 33.1% |
| Net margin | 27.5% | 23.3% | 8.8% | 36.1% | 33.0% | 31.6% | 27.6% | 23.5% | 20.7% | 27.5% |
How it compares in banks & insurers
Among the 377 banks & insurers companies here measured on GAAP earnings, Muncy Columbia Financial pays out less than 160 of them. The median for that group is 30.6%, against this company’s 33.6%.
Closest on GAAP earnings
- First Bancorp (FBP) 33.5%
- Fidelity D & D Bancorp (FDBC) 33.5%
- M&T Bank (MTB) 33.5%
- Associated Banc-Corp (ASB) 33.6%
Same sector and same denominator, so the figures are comparable. All 377 in banks & insurers →