WSBK earnings analysis
What we found in WSBK's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Winchester Bancorp, Inc. demonstrated strong performance in the third quarter with a substantial net income growth to $1.1 million or $0.13 per share, up from last year's $305,000. Total revenue rose 44.0% year-over-year to approximately $6.66 million, driven by increased loan volumes, particularly in multifamily and residential sectors.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Robust Revenue Growth
- Total revenue increased by 44.0% year-over-year to $6.664 million.
- Dramatic Net Income Increase
- Net income jumped to $1.1 million from $305,000 a year ago, representing a significant increase.
- Increase in Loan Portfolio
- Gross loans increased by $89.4 million, or 11.9%, to $843.5 million as of March 31, 2026.
- Improved Net Interest Margin
- Net interest margin improved to 2.54% from 2.02% year-over-year.
- Strong Deposit Growth
- Deposits rose by $104.5 million, or 15.4%, driven by a significant increase in money market accounts.
- Decrease in Borrowings
- Borrowings decreased by $117,000, or 0.1%, to $146.9 million.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increase in Provision for Credit Losses
- Provision for credit losses rose to $325,000 from a benefit of $21,000 in the prior year.
- Rising Non-Interest Expenses
- Non-interest expenses increased by 12.1% to $4.845 million due to higher salaries and employee benefits.
- Market and Economic Uncertainties
- Company warned of potential economic and competition-related risks affecting loan demand.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.13
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads better than the one before it.
What came before.
- 10-Q · February 11, 2026
- Winchester Bancorp reported a strong quarter: total revenue (net interest income + non-interest income) rose to $6,445,000 (6,445 in filing thousands) and net income increased to $1,074,000, driving EPS of $0.12 for the…
- 10-Q · November 12, 2025
- Winchester Bancorp reported a return to profitability in the quarter ended September 30, 2025 with net income of $962,000 versus a loss of $632,000 a year earlier. Core net interest income expanded to $5,741,000 (from…
- 10-K · September 17, 2025
- Winchester Bancorp completed a mutual-to-stock reorganization and IPO in April 2025 (3,997,012 shares at $10.00 for gross proceeds of $39,970,120) and began trading on NASDAQ as WSBK on May 2, 2025. As of June 30, 2025…
- 10-Q · May 12, 2025
- Winchester Savings Bank reported stronger net interest income and quarter-over-quarter profitability for the three months ended March 31, 2025, driven by loan growth and deposit inflows, while nine-month net income…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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