Quarterly ResultJul 30, 2026, 07:46 AM
Winchester Bancorp Reports FY26 Net Income $4.4M; EPS $0.49
AI Summary
Winchester Bancorp, Inc. reported strong financial results for the year ended June 30, 2026, with net income of $4.4 million, a significant improvement from a net loss in the prior year. The company experienced substantial growth across its balance sheet, including a 15.4% increase in total assets to $1.10 billion and a 19.1% rise in deposits to $809.2 million. Additionally, the Board of Directors approved a change in the company's fiscal year end from June 30 to December 31, effective July 29, 2026, which will result in a six-month transition report.
Key Highlights
- Net income for FY2026 was $4.4 million ($0.49 per share), up from a net loss of $874,000 in FY2025.
- Total assets increased by $146.6 million (15.4%) to $1.10 billion at June 30, 2026.
- Net loans grew by $119.6 million (15.9%) to $870.8 million.
- Deposits increased by $130.1 million (19.1%) to $809.2 million.
- Net interest income rose by $7.5 million (42.6%) to $25.0 million.
- Net interest margin expanded to 2.55% from 2.05% year-over-year.
- Efficiency ratio improved to 75.2% from 85.5% compared to June 30, 2025.
- Board approved a change in fiscal year end from June 30 to December 31.
Price Impact
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