TEB Bancorp, Inc Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2021
February 09, 2022 at 11:52 am
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TEB Bancorp, Inc reported earnings results for the second quarter and six months ended December 31, 2021. For the second quarter, the company reported net interest income was USD 2.25 million compared to USD 2.43 million a year ago. Net income was USD 0.535603 million compared to USD 1.96 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.75 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.75 a year ago.
For the six months, net interest income was USD 4.42 million compared to USD 4.81 million a year ago. Net income was USD 1.16 million compared to USD 3.74 million a year ago. Basic earnings per share from continuing operations was USD 0.44 compared to USD 1.42 a year ago. Diluted earnings per share from continuing operations was USD 0.44 compared to USD 1.42 a year ago.
TEB Bancorp, Inc. is a holding company that operates through its subsidiary, Equitable Bank, S.S.B. (the Bank). The Bank is a state-chartered savings bank providing a full range of financial services. The Bank grants commercial, residential and consumer loans, and accepts deposits from customers primarily in the Metropolitan Milwaukee area, which is in southeastern Wisconsin. The Bank engages in a variety of lending activities, including commercial, residential real estate and consumer transactions. The Bank focuses its lending activities on individuals, professionals and small to medium sized businesses. The Bankâs deposit accounts include checking, savings, money markets, certificate of deposits (CDs), retirement accounts (IRA), and health savings accounts. The Bankâs business banking deposit products include business checking, business savings, business money market, health savings account, and IOLTA and IBRETA. The Bank also offers personal and business online services.