Wake Forest Bancshares, Inc. announced earnings results for the third quarter and first nine months ended June 30, 2019. For the quarter, the company reported earnings of $410,405 or $0.37 per share. The company reported earnings of $333,777 or $0.30 per share for the same quarter a year earlier. For the first nine months, the company announced earnings of $1,213,150 or $1.09 per share versus $670,842 or $0.60 per share for the same nine month period a year earlier. Earnings for nine months ended June 30, 2018 were impacted by a deferred tax adjustment of $266,288 associated with the passage of US tax overhaul legislation in the first quarter of the prior year.