CFSB Bancorp, Inc. (NASDAQ:CFSB) Reports Fiscal Fourth Quarter and Full Year 2023 Financial Results
QUINCY, Mass., July 30, 2023 - CFSB Bancorp, Inc. (the "Company") (NASDAQ Capital Market: CFSB), the holding company for Colonial Federal Savings Bank (the "Bank"), announced net income of $160,000, or $0.03 per basic and diluted share, for the three months ended June 30, 2023 compared to a net loss of $40,000, or $0.01 per basic and diluted share, for the three months ended March 31, 2023 and net income of $105,000, or $0.02 per basic and diluted share, for the three months ended June 30, 2022. For the twelve months ended June 30, 2023, net income was $33,000, or $0.01 per basic and diluted share, compared to net income of $1.4 million, or $0.23 per basic and diluted share, for the twelve months ended June 30, 2022.
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Synovus Financial Corp. (SNV) is a prominent regional bank with a rich history dating back to 1888, when it was founded as the Columbus Savings Bank in Columbus, Georgia. Over the past century, the company has evolved into a diversified financial services provider, offering commercial and consumer banking, wealth management, and a suite of specialized products across its footprint in the Southeastern United States.
CF Bankshares Inc. (CFBK) is a financial holding company that owns 100% of the stock of CFBank, National Association (CFBank). CFBank is a nationally chartered boutique commercial bank operating primarily in four regional markets in Ohio and Indiana. With a focus on serving the financial needs of closely held businesses and entrepreneurs, CFBank provides comprehensive commercial, retail, and mortgage lending services, as well as treasury management and deposit services.
Synovus Financial Corp. (SNV) has a rich history spanning over a century, having been founded in 1888 as the Columbus Savings Bank in Columbus, Georgia. Today, the company has grown to become a leading regional bank, serving customers across Alabama, Florida, Georgia, South Carolina, and Tennessee. With a focus on relationship-based banking, Synovus has navigated the ever-changing financial landscape, cementing its position as a trusted partner for individuals and businesses alike.
Business Overview and History
CFSB Bancorp, Inc. (CFSB) is a community bank holding company that has served the financial needs of its local markets in Massachusetts for over a century. With a focus on personalized service and deep community ties, CFSB has weathered economic cycles and industry changes, positioning itself as a reliable partner for its customers. As the banking landscape evolves, CFSB continues to adapt, leveraging its strengths to navigate the challenges and capitalize on emerging opportunities.
Mid-Southern Bancorp, Inc. (MSVB) is a bank holding company headquartered in Salem, Indiana, that provides a range of financial services through its wholly-owned subsidiary, Mid-Southern Savings Bank, FSB. The company has a longstanding history in the Southern Indiana region, having been founded in 1890 as a mutual savings and loan association.
