Cullman Bancorp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 12, 2022 at 09:16 am
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Cullman Bancorp, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net interest income was USD 3.33 million compared to USD 2.8 million a year ago. Net income was USD 1.01 million compared to USD 0.785 million a year ago. Basic earnings per share from continuing operations was USD 0.15 compared to USD 0.12 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.11 a year ago.
Cullman Bancorp, Inc. is a holding company for Cullman Savings Bank. Cullman Savings Bank is a federally chartered stock savings bank headquartered in Cullman, Alabama. The Companyâs business consists primarily of taking deposits from the public and investing those deposits, together with funds generated from operations, in one- to four-family residential real estate loans, commercial real estate loans and commercial and industrial loans and, to a lesser extent, construction loans, multi-family real estate loans and consumer loans. It also invests in limited amounts of securities. It offers a range of deposit accounts, including checking accounts, savings accounts, individual retirement accounts and certificate of deposit accounts. Its primary lending products are residential mortgage, commercial, and installment loans. Its commercial real estate loans are secured primarily by office buildings, retail and mixed-use properties and restaurants located in its primary market area.