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Dec 31, 2023
William Penn Bancorp Q2 2024 Earnings Report
Net income decreased due to increased interest expenses and decreased non-interest income.
Key Takeaways
William Penn Bancorporation reported a challenging quarter with a significant decrease in net income compared to the same period last year. The company's net income was $11 thousand, a sharp decline from $1.1 million in the prior year. Core net loss was $168 thousand. The company continues its focus on capital return, repurchasing 1,191,831 shares during the quarter.
William Penn recorded net income of $11 thousand, or $0.00 per basic and diluted share, for the quarter.
Core net loss was $168 thousand, or $(0.02) per basic and diluted share, for the quarter.
The company repurchased 1,191,831 shares at a total cost of $14.6 million during the quarter.
Asset quality metrics remained strong with non-performing assets to total assets decreasing to 0.38%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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