Meetinghouse Bancorp, Inc. Reports Annual Earnings

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/22/2026

1. WMT
2. ROST
3. AAP
4. SPY
5. NVDA
6. AVGO
7. SPCX
8. DE
9. OSIS
10. REAX

February 19, 2016 4:12 PM EST

DORCHESTER, Mass.--(BUSINESS WIRE)-- Meetinghouse Bancorp, Inc. (the “Company”), holding company for Meetinghouse Bank (the “Bank”), reported net income for the year ended September 30, 2015 of $205,000, or $0.33 per basic and $0.32 per diluted share, compared to net loss of $144,000, or ($0.23) per basic and diluted share, for the year ended September 30, 2014.

     
At September 30,

(Dollars inthousands)

  2015   2014
 
Selected Financial Condition Data:  
Total assets $ 120,184 $ 109,163
Cash and cash equivalents 4,776 5,938
Securities available-for-sale 16,139 16,638
Loans held-for-sale 5,491 2,727
Loans, net 86,561 77,015
Deposits 99,589 87,483
Federal Home Loan Bank advances 9,380 10,953
Stockholders' equity 10,645 10,450
 

 

At September 30,

(Dollars inthousands)

  2015 2014
 
Operating Data:
Interest and dividend income $ 4,099 $ 3,282
Interest expense   811   617

Net interest anddividend income

3,288 2,665
Provision for loan losses   66   69

Net interest anddividend incomeafter provision forloan losses

3,222 2,596
Noninterest income 1,329 896
Noninterest expense   4,207   3,699
(Loss) income before income taxes 344 (207)
Income tax (benefit) expense   139   (63)
Net (loss) income $ 205 $ (144)
 

Forward-looking statements

This news release may contain certain forward-looking statements, such as statements of the Company’s or the Bank’s plans, objectives, expectations, estimates and intentions. Forward-looking statements may be identified by the use of words such as “expects,” “subject,” “believe,” “will,” “intends,” “will be” or “would.” These statements are subject to change based on various important factors (some of which are beyond the Company’s or the Bank’s control) and actual results may differ materially. Accordingly, readers should not place undue reliance on any forward-looking statements (which reflect management’s analysis of factors only as of the date of which they are given). These factors include general economic conditions, trends in interest rates, the ability of our borrowers to repay their loans, the ability of the Company or the Bank to effectively manage its growth and results of regulatory examinations, among other factors. The foregoing list of important factors is not exclusive. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including Current Reports on Form 8-K.

Meetinghouse Bancorp, Inc.
Anthony A. Paciulli, 617-296-7039
President/CEO

Source: Meetinghouse Bancorp, Inc.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Press Releases

Related Entities

Dividend, Earnings