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Westbury Bancorp, Inc. Reports Net Income for the Three and Nine Months Ended June 30, 2020

Written by Customer Service on . Posted in Public Companies.

WEST BEND, Wis., July 15, 2020 (GLOBE NEWSWIRE) — Westbury Bancorp, Inc. (OTCQX: WBBW), the holding company (the “Company”) for Westbury Bank (the “Bank”), today announced net income of $1.6 million, or $0.58 per common share and $5.3 million, or $1.74 per common share, for the three and nine months ended June 30, 2020 compared to net income of $1.8 million, or $0.58 per common share and $5.0 million, or $1.56 per common share, for the three and nine months ended June 30, 2019.
Kirk Emerich, Executive Vice President and Chief Financial Officer stated, “The Bank is proud to have supported its business customers and its communities through participation in the SBA’s Paycheck Protection Program (“PPP”) during the quarter.  We originated $73 million of PPP loans for over 500 companies during the quarter which supported the retention of over 7,000 jobs in our marketplace.”About Westbury Bancorp, Inc.Westbury Bancorp, Inc. is the holding company for Westbury Bank.  The Company’s common shares are traded on OTCQX under the symbol “WBBW”.  Detailed quarterly financial statements for the Company may be found at www.otcmarkets.com/stock/WBBW/disclosure.Westbury Bank is an independent community bank serving communities in Washington, Waukesha and Dane Counties through its eight full service offices and one loan production office providing deposit and loan services to individuals, professionals and businesses throughout its markets.Forward-Looking InformationInformation contained in this press release, other than historical information, may be considered forward-looking in nature and is subject to various risks, uncertainties, and assumptions. Such forward-looking statements in this release are inherently subject to many uncertainties arising in the Company’s operations and business environment.  The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations. Certain tabular presentations may not reconcile because of rounding.WEBSITE:  www.westburybankwi.com



 

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