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Dec 31, 2024
William Penn Bancorp Q2 2025 Earnings Report
William Penn Bancorp experienced a net loss due to merger-related expenses, while asset quality remained strong and the loan portfolio saw solid growth.
Key Takeaways
William Penn Bancorp reported a net loss of $988 thousand for the quarter ended December 31, 2024, primarily due to professional fees associated with the pending merger with Mid Penn Bancorp, Inc. However, the company saw growth in its loan portfolio and continued improvement in asset quality.
Net loss of $988 thousand, or $(0.12) per basic and diluted share, recorded for the quarter ended December 31, 2024.
Core net loss of $743 thousand, or $(0.09) per basic and diluted share, reported for the same period.
Non-performing assets to total assets decreased to 0.30% as of December 31, 2024, from 0.40% as of June 30, 2024.
Gross loans increased by $5.4 million on a linked quarter basis, representing an annualized growth rate of 4.6%.
Forward Guidance
This news release may contain forward-looking statements, which can be identified by the use of words such as “believes,” “expects,” “anticipates,” “estimates” or similar expressions. Such forward-looking statements and all other statements that are not historic facts are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors.
Positive Outlook
- William Penn’s stockholders’ equity to assets ratio totaled 15.59%
- Tangible capital to tangible assets ratio totaled 15.05%
- The Bank’s capital position remains strong relative to current regulatory requirements.
- The Bank has elected to follow the community bank leverage ratio framework
- The Bank had a community leverage ratio of 16.66% and is considered well-capitalized under the prompt corrective action framework.
Challenges Ahead
- General economic conditions (including higher inflation and its impact on national and local economic conditions)
- Changes in the interest rate environment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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