Teb Bancorp, Inc Reports Earnings Results for the Second Quarter Ended December 31, 2020
February 13, 2021 at 12:30 am IST
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TEB Bancorp Inc. announced earnings results for the second quarter ended December 31, 2020. For the second quarter, the company announced net interest income was USD 2.430 million compared to USD 2.455 million a year ago. Net income was USD 1.957 million compared to USD 361,883 a year ago. Basic earnings per share from continuing operations was USD 0.75 compared to USD 0.14 a year ago. For the half year, net interest income was USD 4.813 million compared to USD 4.906 million a year ago. Net income was USD 3.736 million compared to USD 929,779 a year ago. Basic earnings per share from continuing operations was USD 1.42 compared to USD 0.35 a year ago.
TEB Bancorp, Inc. is a holding company that operates through its subsidiary, Equitable Bank, S.S.B. (the Bank). The Bank is a state-chartered savings bank providing a full range of financial services. The Bank grants commercial, residential and consumer loans, and accepts deposits from customers primarily in the Metropolitan Milwaukee area, which is in southeastern Wisconsin. The Bank engages in a variety of lending activities, including commercial, residential real estate and consumer transactions. The Bank focuses its lending activities on individuals, professionals and small to medium sized businesses. The Bankâs deposit accounts include checking, savings, money markets, certificate of deposits (CDs), retirement accounts (IRA), and health savings accounts. The Bankâs business banking deposit products include business checking, business savings, business money market, health savings account, and IOLTA and IBRETA. The Bank also offers personal and business online services.
TEB BANCORP, INC 
