Winchester Bancorp, Inc. reported net income of $1.268 million, or $0.14 per share, for the quarter ended September 30, 2026, versus $962,000, or $0.11 per share, a year earlier. Net interest income was $7.188 million, up 25.2% from $5.741 million, and net interest margin was 2.67%, compared with 2.49%. Non-interest expense rose 17.1% to $5.616 million. Non-interest income was $498,000, compared with $52,000; the earlier quarter included a one-time loss on available-for-sale securities.
At September 30, 2026, total assets were $1,141.186 million, deposits were $862.7 million and net loans were $908.7 million. Deposits increased $53.4 million, or 6.6%, and net loans increased $37.9 million, or 4.4%, from June 30, 2026. The allowance for credit losses was $5.133 million, equal to 0.56% of gross loans; non-performing assets were $1.9 million, or 0.17% of assets. The company changed its fiscal year-end from June 30 to December 31; July 1 through December 31, 2026 is a six-month transition period to be covered by a Transition Report on Form 10-KT.
Winchester Bancorp, Inc. (WSBK) adopted a share repurchase program authorizing repurchases of up to 464,769 common shares, approximately 5% of its current outstanding shares. The program begins September 30, 2026, and expires September 1, 2027. Repurchases may occur from time to time as market conditions warrant and are subject to regulatory considerations; the program may be modified, suspended, or discontinued at any time.
Winchester Bancorp, Inc. (WSBK) is asking stockholders to elect four directors, approve its 2026 Equity Incentive Plan and ratify Wolf & Company, P.C. as independent auditor for the six-month transition period ending December 31, 2026, at the November 4, 2026 annual meeting; the board unanimously recommends FOR each proposal. The proposed plan requests approval of 559,581 shares: 159,880 for restricted stock awards or RSUs and 399,701 for stock options. It becomes effective on November 4, 2026 if approved; no awards have been made, and initial one-time non-employee director grants are self-executing the day after approval. Each nominee would serve a three-year term.
Record holders as of September 18, 2026 are eligible to vote; 9,295,376 common shares were issued and outstanding on that date. For the year ended June 30, 2026, total compensation was $870,341 for President and Chief Executive Officer John A. Carroll, $482,337 for Executive Vice President, Chief Operating Officer, Chief Financial Officer and Treasurer Elda Heller, and $314,264 for Senior Vice President and Senior Lender Paul V. Cheremka.
Winchester Bancorp, Inc. (WSBK), the holding company for Winchester Savings Bank, reports a growing community bank franchise focused on real estate lending in eastern Massachusetts. Following its April 2025 mutual holding company reorganization, the company sold 3,997,012 shares at $10.00 per share and issued additional shares to its mutual holding company and charitable foundation.
At June 30, 2026, Winchester Bancorp had $1.1 billion in total assets, deposits of $809.2 million, and stockholders’ equity of $120.5 million. The company generated net income of $4.4 million for 2026, compared with a net loss of $874,000 in 2025, while total gross loans expanded to $873.8 million, heavily concentrated in residential, commercial, multifamily, and construction credits. Non‑accrual loans declined to $1.6 million, and the allowance for credit losses stood at $4.8 million, or 0.55% of total loans and 300.82% of nonperforming loans. Management highlights elevated concentrations in commercial and multifamily real estate, interest‑rate sensitivity, and a geographically concentrated Massachusetts footprint as key risk factors.
Winchester Bancorp, Inc., holding company for Winchester Savings Bank, reported net income of $4.4 million, or $0.49 per common share, for the year ended June 30, 2026, compared with a net loss of $874,000 a year earlier. Operating net income for 2025 was $750,000 (non-GAAP), highlighting a strong year-over-year improvement. Net interest income rose to $25.0 million, as net interest margin expanded to 2.55% from 2.05%, while the non-GAAP efficiency ratio improved to 75.2%.
Balance sheet growth was broad-based. Total assets reached $1.10 billion, up 15.4%. Net loans increased to $870.8 million, up $119.6 million or 15.9%, led by residential and multifamily portfolios. Deposits grew to $809.2 million, up $130.1 million or 19.1%, driven by municipal deposits. Asset quality remained solid: non-performing assets were $1.6 million, or 0.15% of total assets, and the allowance for credit losses on loans was $4.8 million, or 0.55% of total loans.
The board approved a change in fiscal year end from June 30 to December 31. The company plans a transition Form 10-K for the six-month period July 1 to December 31, 2026, a Form 10-Q for the quarter ending September 30, 2026, and has amended its bylaws to reflect the new fiscal year.
Winchester Bancorp director Merritt Edward J reported an indirect open-market purchase of common stock. On May 26, 2026, an IRA associated with him bought 915 shares of Winchester Bancorp, Inc. at $12.76 per share. Following this transaction, he indirectly holds 20,915 common shares through the IRA.
Winchester Bancorp, Inc. President & CEO John A. Carroll reported an open-market purchase of 50 shares of common stock at $12.75 per share on May 21, 2026. The shares are held indirectly by his spouse as custodian for their child.
The filing also shows indirect holdings of 560 shares through an ESOP and 25,000 shares through a trust, plus 25,000 shares held directly, with a footnote stating some transactions reflected are not required Section 16 reports.
Winchester Bancorp, Inc. reported net income of $1.1 million for the three months ended March 31, 2026, up from $305,000 a year earlier, with basic and diluted earnings of $0.13 per share. For the nine-month period, net income rose to $3.2 million from $46,000.
Total assets increased to $1.06 billion from $949.4 million, driven by loan growth and higher investment securities. Loans reached $843.5 million, led by multi-family and residential real estate lending, while deposits grew to $783.7 million, supported by strong money market and municipal balances.
Net interest income improved to $6.3 million for the quarter as the net interest margin expanded to 2.54% from 2.02%, helped by higher loan yields and lower funding costs. Asset quality remained stable, with an allowance for credit losses on loans of $4.5 million, or 0.54% of total loans, and the Bank’s community bank leverage ratio at 10.00%.
Winchester Bancorp director John Ingalls Snow III bought additional stock in the bank. On May 7, 2026, he made open-market purchases of 1,725 shares of Winchester Bancorp common stock at prices of $12.77 and $12.79 per share. After these transactions, his directly held stake rose to 19,735 shares. He also reports indirect holdings of 2,500 shares held by a company and 200 shares held by a child.