Westbury Bancorp, Inc. Announces Earnings Results for the First Quarter Ended December 31, 2016
January 24, 2017 at 04:35 pm
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Westbury Bancorp, Inc. announced earnings results for the first quarter ended December 31, 2016. For the quarter, the company announced net income of $747,000, or $0.20 per common share compared to net income of $1.0 million, or $0.27 per common share for the three months ended December 31, 2015. Net interest income increased $202,000, or 4.0%, to $5.2 million for the three months ended December 31, 2016 compared to $5.0 million for the three months ended December 31, 2015. Income before income tax expense was $1,156,000 compared to $1,675,000 a year ago. Return on average assets was 0.42% compared to 0.66% a year ago. Return on average equity was 3.92% compared to 5.30% a year ago. Book value per share - excluding unallocated ESOP shares was $21.39 compared to $20 a year ago. Book value per share - including unallocated ESOP shares was $19.69 compared to $18.37 a year ago.
Westbury Bancorp, Inc. is the holding company for Westbury Bank (the Bank). The Bank is an independent community bank serving communities in Washington and Waukesha Counties through its eight banking offices providing deposit and loan services to individuals, professionals, and businesses throughout its markets. The Bank provides checking, savings, certificates of deposit, consumer loans, credit cards, individual retirement accounts, and others. The Bankâs services include online banking, mobile banking, bill pay, Pop Money, order checks, and e-statements, among others. The Bankâs business services include business checking and treasury management. The Bankâs commercial loans category includes commercial real estate, lines of credit, equipment, construction, working capital, acquisitions, letters of credit, and SBAs. The Bank offers an array of home loan options, including purchase, refinance, construction, Federal VA, WHEDA, and home equity loans and lines of credit.
WESTBURY BANCORP, INC. 
