Anchor Bancorp Reports Net Income of $1.4 Million or $0.57 per Diluted Share for the Third Fiscal Quarter of 2018
ANCHOR BANCORP (ANCB)
US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/4220185
Company Research
Source: GlobeNewswire
LACEY, Wash., April 30, 2018 (GLOBE NEWSWIRE) -- Anchor Bancorp (NASDAQ:ANCB) (“Company”), the holding company for Anchor Bank (“Bank”), today reported third quarter earnings for its fiscal year ending June 30, 2018. For the quarter ended March 31, 2018, the Company reported a net income of $1.4 million or $0.57 per diluted share, compared to net income of $702,000 or $0.29 per diluted share for the quarter ended March 31, 2017. For the nine months ended March 31, 2018, the Company reported net income of $1.0 million or $0.42 per diluted share, compared to net income of $1.7 million or $0.70 per diluted share for the same period last year. The lower net income for the nine months ended March 31, 2018 as compared to the same period in the previous year was the result of a one-time revaluation adjustment to the Company's deferred tax asset to account for the future impact of lower corporate tax rates as a result of the Tax Cuts and Jobs Act that was enacted on December 22, 2017. The t
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