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BSB Bancorp Q2 net income up 51.2%

Staff Writer | July 20, 2018
BSB Bancorp, the holding company for Belmont Savings Bank, a state-chartered savings bank headquartered in Belmont, Massachusetts, reported net income of $6.1 million or $0.65 per diluted share for the second quarter ended June 30, 2018.
Belmont Savings Bank
BSB Bancorp   The company reported net income of $6.1 million
This can be compared to net income of $4.0 million or $0.43 per diluted share for the quarter ended June 30, 2017 or an increase of 51.2% in net income.

Excluding the one-time impact of the Tax Cuts and Jobs Act in the fourth quarter of 2017, the Bank has had 20 consecutive quarters of earnings growth.

For the six months ended June 30, 2018, the company reported net income of $12.1 million or $1.29 per diluted share as compared to net income of $7.7 million or $0.83 per diluted share for the six months ended June 30, 2017 or an increase in net income of 57.3%.


 

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