Teb Bancorp, Inc Reports Earnings Results for the Third Quarter Ended March 31, 2020
May 13, 2020 at 06:47 pm
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TEB Bancorp Inc. announced earnings results for the third quarter ended March 31, 2020. For the third quarter, the company announced net interest income was USD 2.359 million compared to USD 2.394 million a year ago. Net income was USD 68,984 compared to net loss of USD 281,433 a year ago. Basic earnings per share from continuing operations was USD 0.03. For the nine months, net interest income was USD 7.266 million compared to USD 7.382 million a year ago. Net income was USD 998,763 compared to net loss of USD 468,733 a year ago. Basic earnings per share from continuing operations was USD 0.38.
TEB Bancorp, Inc. is a holding company that operates through its subsidiary, Equitable Bank, S.S.B. (the Bank). The Bank is a state-chartered savings bank providing a full range of financial services. The Bank grants commercial, residential and consumer loans, and accepts deposits from customers primarily in the Metropolitan Milwaukee area, which is in southeastern Wisconsin. The Bank engages in a variety of lending activities, including commercial, residential real estate and consumer transactions. The Bank focuses its lending activities on individuals, professionals and small to medium sized businesses. The Bankâs deposit accounts include checking, savings, money markets, certificate of deposits (CDs), retirement accounts (IRA), and health savings accounts. The Bankâs business banking deposit products include business checking, business savings, business money market, health savings account, and IOLTA and IBRETA. The Bank also offers personal and business online services.
TEB BANCORP, INC 
