Mid-Southern Bancorp, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 21, 2023 at 09:00 am
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Mid-Southern Bancorp, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net interest income was USD 1.99 million compared to USD 1.79 million a year ago. Net income was USD 0.376 million compared to USD 0.377 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.13 a year ago.
For the full year, net interest income was USD 7.7 million compared to USD 6.93 million a year ago. Net income was USD 1.88 million compared to USD 1.61 million a year ago. Basic earnings per share from continuing operations was USD 0.69 compared to USD 0.55 a year ago. Diluted earnings per share from continuing operations was USD 0.69 compared to USD 0.55 a year ago.
Mid-Southern Bancorp, Inc. is the savings and loan holding company of Mid-Southern Savings Bank, FSB (the Bank). The Company's business activities are primarily conducted through Mid-Southern Savings Bank, a federally chartered savings bank. Mid-Southern Savings Bank conducts business from its main office in Salem and through its branch offices located in Mitchell and Orleans, Indiana and loan production offices located in New Albany, Indiana and Louisville, Kentucky. The Bank's business consists of originating one-to-four-family residential real estate mortgage loans, including home equity lines of credit, commercial and multi-family real estate, and construction loans. It also offers commercial business and other consumer loans. It offers a variety of retail deposits to the general public in the areas surrounding its main office and its branch offices.