SSB Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 21, 2022
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SSB 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 1.79 million compared to USD 1.51 million a year ago. Net income was USD 0.385 million compared to USD 0.223 million a year ago. Basic earnings per share from continuing operations was USD 0.18 compared to USD 0.1 a year ago. Diluted earnings per share from continuing operations was USD 0.18 compared to USD 0.1 a year ago.
For the six months, net interest income was USD 3.58 million compared to USD 2.96 million a year ago. Net income was USD 0.616 million compared to USD 0.378 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to USD 0.17 a year ago. Diluted earnings per share from continuing operations was USD 0.29 compared to USD 0.17 a year ago.
SSB Bancorp, Inc. is a holding company for SSB Bank (the Bank). The Bank provides a variety of financial services to individuals and corporate customers through its offices in Pittsburgh, Pennsylvania. The Bankâs primary deposit products are passbook savings accounts, money market accounts, and certificates of deposit. Its primary lending products are commercial mortgage loans and single-family residential loans. The Bank is subject to regulation and supervision by the Federal Deposit Insurance Corporation (FDIC) and the Pennsylvania Department of Banking and Securities. The Bankâs personal products and services include banking, online and mobile banking, borrowing, mortgages, credit cards through SSB Bank, and Kasasa Care. The Bankâs small business products and services include banking, online and mobile banking, borrowing, merchant services, electronic merchant systems plus (EMS+) for small businesses, and paycheck protection program loan (PPP) forgiveness.