Business
Westbury Bancorp, Inc. Reports Net Income for the Three and Nine Months Ended June 30, 2018
Westbury Bancorp, Inc. Reports Net Income for the Three and Nine Months Ended June 30, 2018.
About this update from Westbury Bancorp, Inc.
[{"type":"text","content":"\nWEST BEND, Wis., July 18, 2018 (GLOBE NEWSWIRE) -- Westbury Bancorp, Inc. (OTCQX:WBBW), the holding company (the “Company”) for Westbury Bank (the “Bank”), today announced net income of $1.3 million, or $0.38 per common share, and $2.8 million, or $0.81 per common share, for the three and nine months ended June 30, 2018 compared to net income of $838,000, or $0.23 per common share, and $2.3 million, or $0.64 per common share for the three and nine months ended June 30, 2017.\n Kirk Emerich, Executive Vice President and Chief Financial Officer, said, \"The results for the current quarter represent an improvement of 58% and 22% over comparable quarterly and year to date net income for 2017.  During the quarter, we continued our stock repurchase program.  For the three months ended June 30, 2018, we purchased 53,253 shares.  As of June 30, 2018, there were 3,723,743 shares of the Company's common stock outstanding.\" 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”. 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 Information Information 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.  Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on the Company’s operating results, performance or financial condition are competition, the demand for the Company’s products and services, the Company's ability to maintain current deposit and loan levels at current interest rates, deteriorating credit quality, including c...