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Sep 30, 2022
William Penn Bancorp Q1 2023 Earnings Report
William Penn Bancorp's financial results for Q1 2023 were announced, revealing a net income of $1.0 million and improved asset quality metrics.
Key Takeaways
William Penn Bancorporation reported a net income of $1.0 million, or $0.08 per basic and diluted share, for the quarter ended September 30, 2022. Asset quality metrics improved during the quarter, with the ratio of non-performing assets to total assets decreasing to 0.56%. The Board of Directors declared a cash dividend of $0.03 per share.
Net income and core net income were both reported at $1.0 million, or $0.08 per basic and diluted share.
Asset quality improved, with non-performing assets to total assets decreasing from 0.74% to 0.56%.
Net interest margin was 3.19% for the quarter.
Cost of deposits remained low at 34 basis points.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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