Westbury Bancorp, Inc. (OTCQX: WBBW) reported a net income of $2.5 million for Q3 2022, translating to $1.02 per common share, an increase from $2.3 million or $0.90 per share in Q3 2021. However, the annual net income for 2022 dropped to $8.0 million, or $3.19 per share, down from $9.5 million, or $3.70 per share in 2021. The results indicate a mixed performance, showcasing short-term growth but long-term declines in profitability.
Westbury Bancorp, Inc. (WBBW) reported a net income of $1.7 million, or $0.67 per share for Q3 FY2022, down from $2.1 million, or $0.82 per share in Q3 FY2021. For the nine months ending June 30, 2022, the company earned $5.5 million, or $2.18 per share, compared to $7.3 million, or $2.82 per share for the same period last year. This decline indicates challenges in maintaining profitability year-over-year, raising concerns for investors regarding future performance.
Westbury Bancorp, Inc. (OTC Pink: WBBW) reported net income of $1.6 million, or $0.62 per share for Q2 2022, down from $2.4 million or $0.95 per share in Q2 2021. For the first half of 2022, net income was $3.8 million, or $1.51 per share, compared to $5.1 million or $2.01 per share during the same period last year. This decline indicates a decrease in earnings, raising concerns among investors regarding the company's financial performance.
Westbury Bancorp, Inc. held its 2022 Annual Meeting of Stockholders on February 16, 2022. During the meeting, David Jorgensen and Justin Herman were re-elected to serve three-year terms on the Board of Directors, expiring at the 2025 Annual Meeting. Additionally, the appointment of CliftonLarsonAllen LLP as the Company's independent auditors for the fiscal year ending September 30, 2022, was ratified by the stockholders. Westbury Bank, the Company's subsidiary, operates eight offices in Washington and Waukesha, providing various banking services.
Westbury Bancorp, Inc. (OTCPink: WBBW) reported a net income of $2.2 million, or $0.88 per common share for Q4 2021, a decline from $2.7 million or $1.06 per share in Q4 2020. This represents a 18.5% decrease in net income year-over-year. The results reflect the Bank's ongoing financial performance amid economic conditions.
Westbury Bancorp, Inc. (WBBW) reported a net income of $2.3 million ($0.90 per share) for Q3 2021, a significant increase from $1.9 million ($0.76 per share) in Q3 2020. For the fiscal year ended September 30, 2021, net income reached $9.5 million ($3.70 per share), up from $7.2 million ($2.59 per share) in the previous year. These results reflect a healthy growth trajectory and improved profitability for the company.
Westbury Bancorp, Inc. (WBBW) reported a net income of $2.3 million, or $0.90 per share, for Q3 2021, an increase from $1.9 million, or $0.76 per share, in Q3 2020. For the fiscal year ending September 30, 2021, net income reached $9.5 million, or $3.70 per share, up from $7.2 million, or $2.59 per share, the previous year. This growth reflects strong financial performance compared to the prior periods, showcasing the Bank's ongoing profitability and operational efficiency.
Westbury Bancorp, OTCQX: WBBW, reported a strong performance for the three and nine months ending June 30, 2021. The net income rose to $2.1 million or $0.82 per share for Q3, up from $1.6 million or $0.58 per share in the previous year. For the nine-month period, net income reached $7.3 million or $2.82 per share, compared to $5.3 million or $1.74 per share in 2020. This indicates significant year-over-year growth, showcasing the company’s improving financial health.
Westbury Bancorp, the holding company for Westbury Bank, reported a net income of $2.4 million or $0.95 per share for Q2 2021, compared to $1.8 million or $0.58 per share in Q2 2020. For the six months ending March 31, 2021, the net income reached $5.1 million or $2.01 per share, up from $3.6 million or $1.16 per share for the same period last year. These figures demonstrate a significant improvement in earnings year-over-year, reflecting strong financial performance.
On February 16, 2021, Westbury Bancorp held its 2021 Annual Meeting of Stockholders. Directors Donald Murn and Stephen Sinner were re-elected for three-year terms expiring in 2024. Additionally, the terms of Justin Herman and David Jorgensen continue until the 2022 Annual Meeting, while Greg Remus remains until 2023. Stockholders ratified CliftonLarsonAllen LLP as independent auditors for the fiscal year ending September 30, 2021. Westbury Bancorp operates as the holding company for Westbury Bank, which serves communities in Washington and Waukesha.