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Jun 30, 2024
William Penn Bancorp Q4 2024 Earnings Report
William Penn Bancorp experienced a net loss and a decrease in net interest income, alongside strategic share repurchases.
Key Takeaways
William Penn Bancorp reported a net loss of $158 thousand, or $(0.02) per share, for the quarter ended June 30, 2024. The company's net interest margin expanded slightly, and it repurchased 96,117 shares at a total cost of $1.2 million during the quarter. Asset quality metrics remained strong, with a non-performing assets to total assets ratio of 0.40%.
Net loss of $158 thousand, or $(0.02) per share, was recorded for the quarter ended June 30, 2024.
Net interest margin expanded by ten basis points on a linked-quarter basis to 2.25%.
96,117 shares were repurchased at a total cost of $1.2 million during the quarter.
Non-performing assets to total assets ratio stood at 0.40% as of June 30, 2024.