Winchester Bancorp, Inc. reported net income of $1.3 million, or $0.14 per common share, for the quarter ended September 30, 2026. This figure represents a $29,000 increase compared to the $1.2 million net income reported for the previous quarter ended June 30, 2026. Year-over-year, the company recorded a net income of $1.0 million for the same period in 2025, resulting in a year-over-year increase of $306,000.
The company’s total assets grew to $1.14 billion as of September 30, 2026, an increase of $44.9 million, or 4.1%, from the prior quarter. This growth was driven by a 4.4% increase in net loans to $908.7 million and a 6.6% increase in deposits to $862.7 million. Specifically, municipal customer deposits increased by $33.6 million, contributing to a rise in money market accounts of $20.2 million.
Net interest income for the quarter was $7.2 million, a $1.4 million increase from the $5.7 million reported in the prior year. This increase was accompanied by an expansion of the net interest margin to 2.67% from 2.49% in the prior year. Non-interest income for the quarter was $498,000, while non-interest expense increased by 17.1% to $5.6 million due to higher salaries and employee benefits, marketing, and general and administrative expenses.
Asset quality metrics remained strong, with the allowance for credit losses on loans totaling $5.1 million, or 0.56% of total gross loans. The company recorded no charge-offs during the quarter, compared to $270,000 in the prior year. Non-performing assets were $1.9 million, or 0.17% of total assets, as of September 30, 2026.
