Westbury Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2022
July 21, 2022 at 03:06 am IST
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Westbury Bancorp, Inc. reported earnings results for the third quarter and nine months ended June 30, 2022. For the third quarter, the company reported net interest income was USD 6.56 million compared to USD 6.46 million a year ago. Net income was USD 1.71 million compared to USD 2.13 million a year ago. Basic earnings per share from continuing operations was USD 0.67 compared to USD 0.82 a year ago. Diluted earnings per share from continuing operations was USD 0.63 compared to USD 0.78 a year ago.
For the nine months, net interest income was USD 19.37 million compared to USD 20.32 million a year ago. Net income was USD 5.52 million compared to USD 7.26 million a year ago. Basic earnings per share from continuing operations was USD 2.18 compared to USD 2.82 a year ago. Diluted earnings per share from continuing operations was USD 2.03 compared to USD 2.7 a year ago.
Westbury Bancorp, Inc. is the holding company for Westbury Bank (the Bank). The Bank is an independent community bank serving communities in Washington and Waukesha Counties through its eight banking offices providing deposit and loan services to individuals, professionals, and businesses throughout its markets. The Bank provides checking, savings, certificates of deposit, consumer loans, credit cards, individual retirement accounts, and others. The Bankâs services include online banking, mobile banking, bill pay, Pop Money, order checks, and e-statements, among others. The Bankâs business services include business checking and treasury management. The Bankâs commercial loans category includes commercial real estate, lines of credit, equipment, construction, working capital, acquisitions, letters of credit, and SBAs. The Bank offers an array of home loan options, including purchase, refinance, construction, Federal VA, WHEDA, and home equity loans and lines of credit.