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William Penn Bancorporation - WMPN STOCK NEWS

Welcome to our dedicated page for William Penn Bancorporation news (Ticker: WMPN), a resource for investors and traders seeking the latest updates and insights on William Penn Bancorporation stock.

William Penn Bancorporation operates as an independent community financial services provider, offering traditional banking services to individual, business, and government customers through its branch network. The bank provides a range of financial services, including deposits, loans, and other financial products.

Headquartered in Bristol, Pennsylvania, William Penn Bank serves the Delaware Valley with twelve full-service branch offices. The bank's deposits are insured by the Federal Deposit Insurance Corporation (FDIC), and its primary federal regulator is the FDIC.

The Company recently authorized a new stock repurchase program to acquire up to 1,046,610 shares of its common stock. This initiative follows the completion of previous stock repurchase programs and underscores the Company's commitment to enhancing shareholder value.

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Mid Penn Bancorp (NASDAQ: MPB) and William Penn Bancorporation (NASDAQ: WMPN) have announced a definitive merger agreement valued at approximately $127 million in an all-stock transaction. William Penn shareholders will receive 0.4260 shares of Mid Penn common stock for each William Penn share. The merger will create a combined entity with $6.3 billion in total assets, $4.9 billion in total loans, and $5.3 billion in total deposits. William Penn currently operates 12 branches across Pennsylvania and New Jersey, with $812 million in total assets. The transaction is expected to close in the first half of 2025, subject to regulatory and shareholder approvals.

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William Penn Bancorporation (NASDAQ CM:WMPN) reported financial results for the quarter ended September 30, 2024. The company recorded a $21 thousand net loss, or $(0.00) per share, compared to net income of $179 thousand, or $0.02 per share, for the same quarter in 2023. The Board of Directors declared a cash dividend of $0.03 per share, payable on November 7, 2024.

Key highlights include:

  • Repurchase of 125,441 shares at a total cost of $1.5 million
  • Decrease in non-performing assets to total assets ratio to 0.38%
  • $395 thousand recovery for credit losses
  • Book value per share increased to $13.91
  • Total assets decreased by 0.8% to $812.2 million
  • Net interest income decreased by 12.7% to $4.1 million

The company remains focused on maintaining strong credit quality and capital management while navigating the current interest rate environment.

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William Penn Bancorporation (NASDAQ CM:WMPN) announced its financial results for Q4 and FY 2024. The company reported a net loss of $158,000 for Q4 and net income of $168,000 for FY 2024. The Board declared a cash dividend of $0.03 per share, payable on August 8, 2024. Despite challenging market conditions, the company's net interest margin expanded by 10 basis points to 2.25% on a linked-quarter basis. William Penn continued its share repurchase program, buying back 96,117 shares at an average cost of $12.06 during Q4. The company maintained strong asset quality with a non-performing assets to total assets ratio of 0.40% as of June 30, 2024.

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William Penn Bancorporation announced its financial results for the three and nine months ended March 31, 2024, with net income of $136 thousand for the quarter and $326 thousand for the nine months. The Board declared a cash dividend of $0.03 per share. The company repurchased shares and maintained a robust capital level. Asset quality metrics remained strong, with a decrease in non-performing assets. Stockholders' equity decreased due to share repurchases and dividend payments.
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William Penn Bancorporation (WMPN) announced its financial results for the three and six months ended December 31, 2023. The company recorded net income of $11 thousand and $190 thousand, or $0.00 and $0.02 per basic and diluted share, for the three and six months ended December 31, 2023, respectively, compared to net income of $1.1 million and $2.1 million, or $0.08 and $0.16 per basic and diluted share, for the same periods in 2022. The Board of Directors declared a cash dividend of $0.03 per share, payable on February 8, 2024. The company repurchased 1,191,831 shares at a total cost of $14.6 million, and announced a seventh stock repurchase program. The company's stockholders' equity to assets ratio was 15.61% and the tangible common equity ratio was 15.07% at December 31, 2023.
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William Penn Bancorporation announces new stock repurchase program
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William Penn Bancorporation announces financial results for Q3 2023
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William Penn Bancorporation authorizes new stock repurchase program
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FAQ

What is the current stock price of William Penn Bancorporation (WMPN)?

The current stock price of William Penn Bancorporation (WMPN) is $12.29 as of December 20, 2024.

What is the market cap of William Penn Bancorporation (WMPN)?

The market cap of William Penn Bancorporation (WMPN) is approximately 110.7M.

Where is William Penn Bancorporation headquartered?

William Penn Bancorporation is headquartered in Bristol, Pennsylvania.

What services does William Penn Bancorporation offer?

William Penn Bancorporation offers traditional banking services to individual, business, and government customers, including deposits, loans, and other financial products.

How many full-service branch offices does William Penn Bank have?

William Penn Bank operates twelve full-service branch offices serving the Delaware Valley area.

Are William Penn Bank's deposits insured?

Yes, William Penn Bank's deposits are insured up to the legal maximum by the Federal Deposit Insurance Corporation (FDIC).

What recent initiative did William Penn Bancorporation announce?

William Penn Bancorporation recently authorized a new stock repurchase program to acquire up to 1,046,610 shares of its common stock.

Who is the primary federal regulator for William Penn Bank?

The primary federal regulator for William Penn Bank is the Federal Deposit Insurance Corporation (FDIC).

William Penn Bancorporation

Nasdaq:WMPN

WMPN Rankings

WMPN Stock Data

110.68M
7.34M
20.32%
21.28%
0.12%
Banks - Regional
Savings Institutions, Not Federally Chartered
Link
United States of America
BRISTOL