Westbury Bancorp, Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended June 30, 2018
July 18, 2018 at 04:52 pm EDT
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Westbury Bancorp, Inc. announced earnings results for the third quarter and nine months ended June 30, 2018. For the quarter, the company reported interest and dividend income of $7,395,000 against $6,442,000 a year ago. Net interest income was $6,097,000 against $5,536,000 a year ago. Net interest income after provision for loan losses was $5,947,000 against $5,486,000 a year ago. Income before income tax expense was $1,895,000 against $1,328,000 a year ago. Net income was $1,320,000 against $838,000 a year ago. Diluted earnings per share were $0.37 against $0.22 a year ago. Return on average assets were 0.65% against 0.43% a year ago. Return on average equity was 6.80% against 4.29% a year ago. Book value per share - including unallocated ESOP shares was $20.94 against $20.35 a year ago.
For the nine months, the company reported interest and dividend income of $21,401,000 against $18,459,000 a year ago. Net interest income was $17,928,000 against $16,041,000 a year ago. Net interest income after provision for loan losses was $17,728,000 against $15,691,000 a year ago. Income before income tax expense was $5,314,000 against $3,667,000 a year ago. Net income was $2,809,000 against $2,311,000 a year ago. Diluted earnings per share were $0.79 against $0.62 a year ago. Return on average assets were 0.47% against 0.42% a year ago. Return on average equity was 4.77% against 4.08% a year ago. Book value per share - including unallocated ESOP shares was $20.94 against $20.35 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.