1895 Bancorp of Wisconsin, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 04:01 pm EST
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1895 Bancorp of Wisconsin, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 2.95 million compared to USD 3.92 million a year ago. Net loss was USD 3.64 million compared to net income of USD 0.124 million a year ago. Basic loss per share from continuing operations was USD 0.66 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.66 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.
For the nine months, net interest income was USD 9.25 million compared to USD 10.76 million a year ago. Net loss was USD 4.51 million compared to USD 0.172 million a year ago. Basic loss per share from continuing operations was USD 0.81 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.81 compared to USD 0.03 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.