secwatch.observer — SEC 8-K summary
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Issuer:     CFSB Bancorp, Inc. /MA/ (—)
CIK:        0001879103
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0000950170-24-049933
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1879103/000095017024049933/0000950170-24-049933-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1879103/000095017024049933/cfsb-20240429.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-049933

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