Winchester Bancorp (WSBK) Q2 2025 earnings summary

Executive summary

• Completed reorganization and IPO, including a one-time $2.3 million charitable foundation contribution, resulting in an after-tax charge of $1.6 million.

• Reported a net loss of $874,000 for the year ended June 30, 2025, compared to net income of $786,000 in 2024; excluding the charitable contribution, net income was $750,000.

• Raised $37.8 million in net proceeds from the stock offering, strengthening capital position.

Financial highlights

• Net interest income rose 21.9% to $17.5 million year-over-year.

• Non-interest expense increased 26.2% to $18.8 million, including the $2.3 million charitable contribution.

• Total assets grew 11.3% to $949.4 million; net loans increased 10.2% to $751.2 million.

• Deposits rose 6.9% to $679.2 million; shareholders' equity increased 43.7% to $115.4 million.

Outlook and guidance

• Management expects the capital raised and the new charitable foundation to positively impact customers and communities for years to come.

• Forward-looking statements caution about economic, competitive, and regulatory uncertainties.