William Penn Bancorp

Oct 18, 2023

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Sep 30, 2023

William Penn Bancorp Q1 2024 Earnings Report

William Penn Bancorp's financial performance for the quarter ended September 30, 2023, was announced, revealing a decrease in net income compared to the same quarter in the previous year.

Key Takeaways

William Penn Bancorp reported a net income of $179 thousand, or $0.02 per share, for the quarter ended September 30, 2023. This is a decrease compared to the net income of $1.0 million, or $0.08 per share, for the quarter ended September 30, 2022. The company repurchased 1,624,018 shares at a total cost of $19.8 million during the quarter.

Net income decreased to $179 thousand, or $0.02 per share, compared to $1.0 million, or $0.08 per share, in the same quarter last year.

Core net income decreased to $123 thousand, or $0.01 per share, compared to $1.0 million, or $0.08 per share, in the same quarter last year.

The Board of Directors declared a cash dividend of $0.03 per share, payable on November 9, 2023.

1,624,018 shares were repurchased at a total cost of $19.8 million, an average of $12.16 per share.

Total Revenue

$5.39M

Previous year: $6.52M