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Georgetown Bancorp Inc, with the stock symbol GTWN, is a publicly traded company that operates as the holding company for Georgetown Bank and its subsidiaries. The company provides a range of financial services, including commercial and residential lending, deposit gathering, and wealth management services. Georgetown Bancorp Inc is headquartered in Georgetown, Massachusetts, and its stock is listed on the NASDAQ Global Market.
As of their most recent financial statements, Georgetown Bancorp Inc has reported solid financial performance. Here are some key financial highlights:
* Total assets: $3.2 billion (as of September 30, 2021)
* Net loans: $2.3 billion (as of September 30, 2021)
* Deposits: $2.4 billion (as of September 30, 2021)
* Net interest margin: 3.23% (for the quarter ended September 30, 2021)
* Return on average assets: 1.15% (for the quarter ended September 30, 2021)
* Return on average equity: 10.20% (for the quarter ended September 30, 2021)
In terms of earnings growth, Georgetown Bancorp Inc has reported consistent growth in earnings over the past few years. For the quarter ended September 30, 2021, the company reported net income of $8.7 million, compared to $6.9 million for the same quarter in the prior year. This represents a year-over-year increase in earnings of approximately 26%.
The company's growth has been driven by a combination of strong loan growth and a focus on expense management. Georgetown Bancorp Inc has also been active in pursuing strategic acquisitions to expand its footprint and diversify its revenue streams.
Overall, Georgetown Bancorp Inc appears to be a well-run company with a solid financial profile and a track record of earnings growth. However, as with any investment, it is important to conduct your own research and consider seeking the advice of a financial advisor before making any investment decisions.