CFSB Bancorp reports Q3 net loss of $40K; net interest margin falls to 1.96%

CFSB Bancorp, Inc. /MA/

2024-Q3 EPS reported -$0.02

Net loss of $40,000 ($0.01 diluted EPS) for three months ended March 31, 2024, vs net income of $355,000 ($0.06) a year ago.
Net interest margin (tax-equiv) decreased 63 bps YoY to 1.96% for Q3; 9-month margin 2.06% vs 2.71%.
Nine-month net loss of $127,000 ($0.02 diluted) vs net income of $1.3M ($0.21) in prior year.
Recorded $20,000 reversal of provision for credit losses in Q3; allowance for credit losses at 0.90% of loans.
Total assets increased $9.1M to $358.1M vs June 30, 2023, driven by $14.8M increase in cash equivalents.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CFSB Bancorp, Inc. /MA/ reported three months ended March 31, 2024 results: net income net loss of $40,000, EPS $0.01 per basic and diluted share.

Period: three months ended March 31, 2024
Net income: net loss of $40,000
EPS: $0.01 per basic and diluted share
Result: reported results

Exact text from the filing

a net loss of $40,000, or $0.01 per basic and diluted share, for the three months ended March 31, 2024

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Source: SEC EDGAR

accession 0000950170-24-049933

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