Westbury Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended September 30, 2020
October 30, 2020 at 05:05 pm EDT
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Westbury Bancorp, Inc. announced earnings results for the fourth quarter ended September 30, 2020. For the fourth quarter, the company announced net interest income was USD 6.448 million compared to USD 6.385 million a year ago. Net income was USD 1.932 million compared to USD 1.877 million a year ago. Basic earnings per share from continuing operations was USD 0.76 compared to USD 0.59 a year ago. Diluted earnings per share from continuing operations was USD 0.75 compared to USD 0.57 a year ago. For the full year, net interest income was USD 25.550 million compared to USD 25.683 million a year ago. Net income was USD 7.216 million compared to USD 6.885 million a year ago. Basic earnings per share from continuing operations was USD 2.59 compared to USD 2.15 a year ago. Diluted earnings per share from continuing operations was USD 2.51 compared to USD 2.09 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.