Quarterly ResultApr 29, 2026, 04:18 PM
WSBK Q3 Net Income $1.1M (+275.4%); EPS $0.13; NIM 2.54%
AI Summary
Winchester Bancorp, Inc. reported strong financial results for the third quarter ended March 31, 2026, with net income increasing 275.4% to $1.1 million, or $0.13 per common share. For the nine months, net income rose to $3.2 million, or $0.36 per share. The company achieved significant loan and deposit growth, expanded its net interest margin by 52 basis points to 2.54%, and improved its efficiency ratio to 72.7%. Additionally, WSBK announced the expansion of its branch network with a new location in Wakefield, MA.
Key Highlights
- WSBK Q3 2026 net income increased 275.4% to $1.1 million, or $0.13 per common share.
- Net interest margin expanded by 52 basis points to 2.54% for Q3 2026.
- Total assets grew 11.3% to $1.06 billion from June 30, 2025.
- Net loans increased 11.9% to $840.5 million from June 30, 2025, driven by multifamily and residential portfolios.
- Deposits rose 15.4% to $783.7 million from June 30, 2025, primarily due to municipal customer deposits.
- Efficiency ratio improved to 72.7% in Q3 2026 from 92.5% in Q3 2025.
- Non-performing assets decreased to $1.7 million, or 0.16% of total assets.
- Company announced expansion of its branch network with a new location in Wakefield, MA.