Crazy Woman Creek Bancorp Reports Earnings for Fiscal Year 2022; Pays Annual Cash Dividend of $0.31 per Share

Rhea-AI Summary

Crazy Woman Creek Bancorp (CRZY) announced an annual cash dividend of $0.31 per share, payable on January 3, 2023, to shareholders on record as of December 6, 2022. This dividend reflects the company's strong financial performance, with a net income of $1,558,145 for fiscal year 2022, representing a return on equity (ROE) of 11.19% and a return on assets (ROA) of 0.92%. At a share price of $26.45, the dividend yields 1.17% annually. The company's total assets stood at $174.0 million as of September 30, 2022.

Positive

• Declared an annual cash dividend of $0.31 per share, indicating strong financial performance.
• Net income for fiscal year 2022 was $1,558,145, reflecting solid profitability.
• Return on equity (ROE) of 11.19% and return on assets (ROA) of 0.92% indicate efficient management.
• Total assets increased to $174.0 million, showcasing growth.

Negative

• None.

BUFFALO, Wyo., Dec. 22, 2022 (GLOBE NEWSWIRE) --  Buffalo Federal Bank, a wholly-owned subsidiary of Crazy Woman Creek Bancorp, Inc. (OTCPink: CRZY) today announced its Board of Directors declared an annual cash dividend of $0.31 per share, payable on January 3, 2023, to shareholders of record as of December 6, 2022.

“This dividend continues to be a testament to the strength of our core banking activities and financial performance of our franchise. We are pleased that our earnings growth provides us the opportunity to pay a cash dividend to our shareholders and support future growth at the Bank,” stated Paul M. Brunkhorst, Buffalo Federal Bank’s President and CEO. At the stock price of $26.45 per share at the market close of our September 30, 2022 fiscal year-end, the current dividend equates to a yield of 1.17% on an annualized basis.

The Company’s fiscal year 2022 operating results were the second-best in its 86-year history; with net income of $1,558,145 corresponding to an annualized return on equity (ROE) of 11.19% and an annualized return on assets (ROA) of 0.92%. The Company had $174.0 million in total assets, $130.5 million in net loans, $154.8 million in total deposits, and $11.6 million in total stockholders’ equity at September 30, 2022.

About the Company

Crazy Woman Creek Bancorp, Inc. is the holding company for Buffalo Federal Bank, a Wyoming State Chartered community bank. Thanks to local control with an eye on expanding area economies, we have grown to meet the banking needs of communities throughout Central Wyoming with the Banks of Buffalo, Sheridan, Gillette and BFSB Mortgage of Evanston. Headquartered in Buffalo, Wyoming our bank remains a vital business and community partner since founding in 1936. We take great pride in meeting the banking needs of communities throughout Central Wyoming with a passion for local decision-making and personal involvement in our communities. Our vision remains to be the premier community bank serving the needs of individuals, families and businesses throughout Central Wyoming. The shares of Crazy Woman Creek Bancorp, Inc. are traded on the OTCPink under the symbol “CRZY.”

FORWARD-LOOKING STATEMENTS

Statements in this release that are not historical facts, including, but not limited to, statements concerning future operations, results or performance, are hereby identified as “forward looking statements”. Crazy Woman Creek Bancorp, Incorporated cautions that such “forward looking” statements,” wherever they occur in this release or in other statements attributable to Crazy Woman Creek Bancorp, Incorporated are necessarily estimates reflecting the judgment of Crazy Woman Creek Bancorp, Incorporated senior management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the “forward looking statements.” Some factors that could affect the accuracy of such “forward looking statements” include general economic conditions, especially in Wyoming the performance of the capital markets; changes in interest rates, yield curves and interest rate spread relationships; changes in accounting and tax principles, policies or guidelines; changes in legislation or regulatory requirements; changes in the competitive environment in the market served by Crazy Woman Creek Bancorp, Incorporated; and changes in the loan portfolio and the deposit base of Crazy Woman Creek Bancorp, Incorporated. Crazy Woman Creek Bancorp, Incorporated disclaims any intent or obligations to update such “forward looking statements.”

Here is the contact info:

PAUL BRUNKHORST C.E.O.

PO Box 1020  •  106 Fort Street Buffalo, WY 82834  P 307-684-5591

FAQ

What is the cash dividend announced by Crazy Woman Creek Bancorp (CRZY)?

Crazy Woman Creek Bancorp announced an annual cash dividend of $0.31 per share.

When will the dividend for CRZY be paid?

The dividend will be payable on January 3, 2023.

What is the yield of the CRZY dividend?

The dividend equates to a yield of 1.17% based on a stock price of $26.45.

What were the financial results for Crazy Woman Creek Bancorp in 2022?

For fiscal year 2022, the company reported a net income of $1,558,145.

What was the total asset value for Crazy Woman Creek Bancorp as of September 30, 2022?

The total assets were $174.0 million.