Welcome to our dedicated page for CFSB BANCORP news (Ticker: CFSB), a resource for investors and traders seeking the latest updates and insights on CFSB BANCORP stock.
The CFSB (CFSB) news page on Stock Titan provides an organized archive of announcements, earnings releases and regulatory updates related to CFSB Bancorp, Inc. and its former banking subsidiary, Colonial Federal Savings Bank. These items document the company’s history as a savings institution holding company, its financial performance over time and the corporate actions that ultimately led to its acquisition by Hometown Financial Group, Inc.
News releases from CFSB Bancorp include detailed quarterly and annual financial results, highlighting trends in net interest income, net interest margin, provisions for credit losses, non-interest income and non-interest expense. They also describe changes in the company’s balance sheet, such as movements in total assets, loan portfolios, securities, deposits and Federal Home Loan Bank advances. Management commentary in these releases explains how interest rate conditions, deposit mix and loan demand affected the company’s results.
In addition to earnings, the news archive captures strategic and corporate developments. For example, CFSB Bancorp announced a stock repurchase program authorizing the repurchase of a portion of its outstanding common stock. Later, a joint press release with Hometown Financial Group detailed the definitive merger agreement under which Hometown Financial Group would acquire CFSB Bancorp and merge Colonial Federal Savings Bank into North Shore Bank. This release outlined the transaction structure, cash consideration to CFSB shareholders and the planned integration of branch networks in Massachusetts and neighboring regions.
Users reviewing CFSB news can follow the progression from standalone community banking operations through to the shareholder approval and regulatory clearance of the merger, as later reported in SEC Form 8-K filings. For investors and researchers, this page serves as a historical record of how CFSB Bancorp navigated interest rate changes, managed its balance sheet and ultimately combined with a larger mutual holding company structure.
CFSB Bancorp reported mixed financial results for Q3 2025, with a modest net income of $4,000 ($0.00 per share), improving from a net loss of $162,000 in Q4 2024. For the nine months ended March 31, 2025, the company recorded a net loss of $164,000 ($0.03 per share).
Key highlights:
- Net interest income increased 3.8% to $1.8 million in Q3 2025
- Net interest margin improved to 2.05%, up 7 basis points
- Total assets grew 0.8% to $366.2 million
- Deposits increased 1.1% to $273.8 million
The bank showed positive trends in loan growth and expense reduction, with non-interest expenses decreasing 9.6% to $1.8 million. Asset quality remained strong with only four substandard loans totaling $1.4 million. Management expressed optimism despite market volatility, noting improvements in interest-earning assets and declining deposit costs as certificates of deposits reprice downward.
CFSB Bancorp reported financial results for Q2 2025, showing a net loss of $162,000 ($0.03 per share) for the quarter ended December 31, 2024, compared to a net loss of $6,000 in the previous quarter and $210,000 in the same quarter last year. For the six months ended December 31, 2024, the company recorded a net loss of $168,000 ($0.03 per share).
Net interest income increased by $45,000 (2.7%) to $1.7 million in Q2, with net interest margin rising to 1.98%. The company saw improvements in interest-earning assets while deposit costs peaked. Total assets stood at $362.8 million as of December 31, 2024, a slight decrease from $363.4 million in June 2024. Asset quality remained strong with only five substandard loans totaling $1.6 million.
The bank's deposits decreased by $483,000 to $270.4 million, with a shift toward higher-yielding term certificates of deposit. Stockholders' equity decreased by $379,000 to $75.7 million.
CFSB Bancorp reported a net loss of $6,000 ($0.00 per share) for Q1 2025, compared to net income of $123,000 ($0.02 per share) in Q1 2024. Net interest income decreased by $169,000 (9.2%) to $1.7 million, with net interest margin declining 30 basis points to 1.92%. Total assets increased $18.3 million (5.3%) to $364.5 million, while deposits grew $11.0 million (4.2%) to $271.7 million. The company's performance was impacted by ongoing challenges from increased short-term interest rates and yield curve inversion.
CFSB Bancorp, Inc. (NASDAQ: CFSB) reported net income of $160,000, or $0.03 per share, for Q4 2024, compared to a net loss of $40,000 in Q3 2024 and net income of $105,000 in Q4 2023. For the full year 2024, net income was $33,000, down from $1.4 million in 2023. The company faced challenges due to the inverted yield curve, with liabilities repricing faster than assets. Key financial highlights include:
- Net interest income decreased 1.2% quarter-over-quarter to $1.6 million
- Net interest margin declined to 1.93% from 1.96% in Q3 2024
- Non-interest expense decreased 7.5% quarter-over-quarter to $1.8 million
- Total assets increased 4.1% year-over-year to $363.4 million
- Deposits grew 2.8% year-over-year to $7.5 million
The company adopted the CECL methodology on July 1, 2023, impacting its allowance for credit losses and retained earnings.
CFSB Bancorp, Inc. announced financial results for Q3 and year-to-date 2024, showing a net loss for Q3 but a decrease in net income year-over-year. The company faced challenges due to short-term rate changes affecting lending. Despite unchanged net interest income, the net interest margin decreased. Non-interest income varied, with expenses decreasing in Q3 but increasing year-over-year. The company recorded reversals of provisions for credit losses and saw a decrease in income tax expense. Total assets increased, primarily due to higher cash balances and FHLB stock, while liabilities saw an increase in deposits and FHLBB advances. Stockholders' equity decreased due to a net loss and changes in accounting methodology.
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