Heritage NOLA Bancorp, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2023
November 09, 2023 at 12:12 pm EST
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Heritage NOLA Bancorp, Inc. reported earnings results for the third quarter ended September 30, 2023. For the third quarter, the company reported net interest income was USD 0.948 million compared to USD 1.4 million a year ago. Net loss was USD 0.327 million compared to net income of USD 0.179 million a year ago.
Basic loss per share from continuing operations was USD 0.29 compared to basic earnings per share from continuing operations of USD 0.16 a year ago.
Heritage NOLA Bancorp, Inc. operates as a bank holding company. The Company, through its subsidiary, Heritage Bank of St. Tammany (the Bank), provides banking services. The Bank operates as a community bank providing various financial services through its four branches, two in Covington, and one each in Slidell and Madisonville, Louisiana. The Bankâs primary lending products are single-family residential loans and commercial real estate loans. Its primary deposit products are demand and savings accounts, and certificates of deposit. The Bank's business consists primarily of taking deposits from the public and investing those deposits, together with funds generated from operations, in residential real estate loans, including non-owner-occupied properties and home equity lines of credit, and commercial real estate. It also originates land, construction, and multifamily loans, as well as consumer loans and commercial business loans.
HERITAGE NOLA BANCORP, INC. 
