Quarterly ResultMay 11, 2026, 04:13 PM
EWSB Bancorp Q1 Net Loss $(364,780); EPS $(0.52)
AI Summary
EWSB Bancorp, Inc. reported a net loss of $(364,780) for the first quarter of 2026, a significant improvement compared to a net loss of $(568,641) in the same period last year. The company's basic and diluted earnings per share also improved to $(0.52) from $(0.81) year-over-year. While total assets and loans decreased, net interest and dividend income saw an increase, and the provision for credit losses declined.
Key Highlights
- EWSB Bancorp reported a net loss of $(364,780) for Q1 2026, an improvement from $(568,641) in Q1 2025.
- Basic and diluted EPS was $(0.52) for Q1 2026, compared to $(0.81) for Q1 2025.
- Total assets decreased to $263.23 million as of March 31, 2026, from $270.97 million at December 31, 2025.
- Net interest and dividend income increased to $1.18 million in Q1 2026 from $0.96 million in Q1 2025.
- Total loans, net, decreased to $184.96 million as of March 31, 2026, from $189.42 million at December 31, 2025.
- Total deposits increased to $219.00 million as of March 31, 2026, from $217.25 million at December 31, 2025.
- Borrowed funds decreased to $29.26 million as of March 31, 2026, from $38.37 million at December 31, 2025.
- Provision for credit losses decreased to $52,893 in Q1 2026 from $110,290 in Q1 2025.