Teb Bancorp, Inc Reports Earnings Results for the First Quarter Ended September 30, 2019
November 12, 2019 at 02:59 pm
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TEB Bancorp Inc. announced earnings results for the first quarter ended September 30, 2019. For the first quarter, the company announced net interest income was USD 2.450 million compared to USD 2.512 million a year ago. Net income was USD 567,896 compared to net loss of USD 140,697 a year ago. Basic earnings per share was USD 0.22 compared to USD 0 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.