Winchester Bancorp Posts $1.27 Million Profit for September Quarter

Winchester Bancorp earned $1.268 million in the three months through Sept. 30, compared with $962,000 in the same period last year. Net interest margin, a measure of the difference between interest income and expense relative to interest-earning assets, rose to 2.67% from 2.49%.

Basic and diluted earnings were both $0.14 per share, up from $0.11 a year earlier. Net interest income was $7.188 million, and noninterest income was $498,000. Together, those items totaled $7.686 million.

Deposits stood at $862.7 million and net loans at $908.7 million on Sept. 30. Since June 30, deposits had increased by $53.4 million and net loans by $37.9 million. President and CEO John A. Carroll said deposit growth helped fund the increase in loans.

Winchester Bancorp is the holding company for Winchester Savings Bank. The quarter was the first in a six-month transition period running through Dec. 31, 2026. The company changed its fiscal year-end from June 30 to Dec. 31 and plans to cover the transition period in a Form 10-KT. It disclosed the quarterly results in an Oct. 28 Form 8-K.