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Stock impact report

CFSB BANCORP, INC. ANNOUNCES FISCAL FIRST QUARTER 2025 FINANCIAL RESULTS

CFSB Bancorp, Inc. (CFSB) 
Company Research Source: PR Newswire
QUINCY, Mass., Oct. 29, 2024 /PRNewswire/ -- CFSB Bancorp, Inc. (the "Company") (NASDAQ Capital Market: CFSB), the holding company for Colonial Federal Savings Bank (the "Bank"), announced a net loss of $6,000, or $0.00 per basic and diluted share, for the three months ended September 30, 2024 compared to net income of $123,000, or $0.02 per basic and diluted share, for the three months ended September 30, 2023 and net income of $160,000, or $0.03 per basic and diluted share, for the three months ended June 30, 2024.Michael E. McFarland, President and Chief Executive Officer, states "Returns on equity and assets in the first quarter of 2025 were significantly lower than our long-term performance, reflecting the ongoing challenges from the increase in short-term interest rates over the last twenty-four months and a historically long and deep inversion of the yield curve. We have seen the beginning of rate reductions from the Federal Reserve and look forward to a flat yield curve. As as Show less Read more
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