Winchester Bancorp Posts $1.27 Million Profit for September Quarter

Winchester Bancorp earned $1.268 million in the three months through Sept. 30, compared with $962,000 in the same period last year. Net interest margin, a measure of the difference between interest income and expense relative to interest-earning assets, rose to 2.67% from 2.49%. Basic and diluted earnings were both $0.14 per share, up from $0.11 a year earlier. Net interest income was $7.188 million, and noninterest income was $498,000. Together, those items totaled $7.686 million. Deposits stood at $862.7 million and net loans at $908.7 million on Sept. 30.

Source: TokenPost