First Seacoast Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 08:31 am EDT
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First Seacoast Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest income was USD 3.8 million compared to USD 3.63 million a year ago. Net income was USD 0.18 million compared to USD 0.833 million a year ago. Basic earnings per share from continuing operations was USD 0.0359 compared to USD 0.1675 a year ago. Diluted earnings per share from continuing operations was USD 0.0359 compared to USD 0.1675 a year ago.
For the six months, net interest income was USD 7.53 million compared to USD 7.3 million a year ago. Net income was USD 0.572 million compared to USD 1.74 million a year ago. Basic earnings per share from continuing operations was USD 0.1196 compared to USD 0.3589 a year ago. Diluted earnings per share from continuing operations was USD 0.1196 compared to USD 0.3589 a year ago.
First Seacoast Bancorp, Inc. is the savings and loan holding company for First Seacoast Bank (the Bank). The Bank's business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings from the Federal Home Loan Bank, in one- to four-family residential real estate loans, commercial real estate and multi-family real estate loans, acquisition, development and land loans, commercial and industrial loans, home equity loans and lines of credit and consumer loans. Investment management services are offered through FSB Wealth Management. FSB Wealth Management is a division of the Bank. FSB Wealth Management provides access to non-Federal Deposit and Insurance Corporation (FDIC) insured products that include retirement planning, portfolio management, investment and insurance strategies, business retirement plans and college planning to individuals throughout its primary market area.