Winchester Bancorp (WSBK) Q4 2025 earnings summary

Executive summary

• Net income for the quarter ended December 31, 2025 was $1.1 million ($0.12 per share), up 187.9% year-over-year; six-month net income was $2.0 million, reversing a prior year loss.

• Strong loan demand, robust deposit growth, and margin improvements contributed to performance.

• Book value per share, efficiency, and loan-to-deposit ratio all showed positive trends.

Financial highlights

• Net interest income rose 50.4% year-over-year to $6.1 million; net interest margin expanded to 2.51% from 1.92%.

• Non-interest income was $382,000, nearly flat year-over-year.

• Non-interest expense decreased 1.8% to $4.7 million, mainly due to lower payroll taxes and bonus expense.

• Return on average assets was 0.43% (up from 0.17%); return on average equity was 3.64% (up from 1.85%).

• Efficiency ratio improved to 73.04% from 85.25% year-over-year.

Outlook and guidance

• Management will continue to focus on disciplined capital management and balance sheet growth as part of its strategic plan.