1895 Bancorp of Wisconsin, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 05:02 pm EDT
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1895 Bancorp of Wisconsin, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 3.07 million compared to USD 3.3 million a year ago. Net loss was USD 0.508 million compared to USD 0.241 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to USD 0.04 a year ago.
For the six months, net interest income was USD 6.3 million compared to USD 6.84 million a year ago. Net loss was USD 0.869 million compared to USD 0.296 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to USD 0.05 a year ago.
1895 Bancorp of Wisconsin, Inc. is the savings and loan holding company for PyraMax Bank, FSB (PyraMax Bank). PyraMax Bank is a stock savings bank, which operates as a full-service financial institution, providing a full range of financial services, including the granting of commercial, residential, and consumer loans and acceptance of deposits from individual customers and small businesses in the metropolitan Milwaukee, Wisconsin, area. Its business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations, in one- to four-family residential real estate loans, commercial real estate loans (which includes non-owner occupied commercial real estate, multi-family, owner occupied commercial real estate and one- to four-family non-owner-occupied loans), commercial loans and consumer loans. It offers variety of deposit accounts, including checking accounts, savings accounts, and certificate of deposit accounts.