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West Town Bancorp Announces 2nd Quarter 2018 Results

Posted on by West Town Bank & Trust
West Town Bancorp, Inc. Announces Second Quarter 2018 Financial Results.

RALEIGH, NC, August 1, 2018 — West Town Bancorp, Inc. (OTC PINK: WTWB) (the “Company” or “West Town”), the multi-bank holding company for West Town Bank & Trust and Sound Bank, reported record quarterly net income of $7,671,000 or $2.47 per diluted share for the second quarter 2018 compared to net income of $514,000, or $0.34 per diluted share for the second quarter of 2017, an increase of $7,157,000, or 1,392%. Return on average assets was 5.72% and return on average shareholders’ equity was 41.73% as compared to 0.75% and 6.78%, respectively, in the second quarter 2017….

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