Aankondiging • Nov 03
Hometown Financial Group, Inc completed the acquisition of CFSB Bancorp, Inc. (NasdaqCM:CFSB). Hometown Financial Group, Inc entered into a definitive merger agreement to acquire CFSB Bancorp, Inc. (NasdaqCM:CFSB) for $93.3 million on May 20, 2025. Under the terms of the merger agreement, CFSB shareholders will receive $14.25 in cash for each share of CFSB common stock. The total transaction value is approximately $44 million. Hometown will acquire CFSB and its subsidiary Colonial Federal Savings Bank. The merger is anticipated to close in the fourth quarter of 2025, subject to certain conditions, including the receipt of required regulatory approvals, CFSB shareholder approval, and other standard conditions. The transaction has been unanimously approved by the companies boards of directors. As of September 16, 2025, CFSB Bancorp, Inc. shareholders approved the Agreement and Plan of Merger with Hometown Financial Group. As of October 21, 2025, the transaction received the requisite regulatory approvals from the Board of Governors of the Federal Reserve System and the Massachusetts Division of Banks. The expected completion of the transaction is on October 31, 2025, subject to the satisfaction of customary closing conditions.
Edward G. Olifer and Stephen F. Donahoe of Kilpatrick Townsend & Stockton LLP served as legal counsel to Hometown Financial Group, Inc. and Lawrence M.F. Spaccasi and Scott A. Brown of Luse Gorman, PC served as legal counsel for CFSB Bancorp, Inc. while Piper Sandler provided strategic consulting. Piper Sandler & Co. acted as financial advisor and fairness opinion provider to CFSB, Laurel Hill Advisory Group, LLC served as Proxy Solicitor to CFSB and CFSB will pay Laurel Hill Advisory Group, a fee of $7,000.
Hometown Financial Group, Inc completed the acquisition of CFSB Bancorp, Inc. (NasdaqCM:CFSB) on November 1, 2025. As part of the transaction, Colonial Federal employees and customers would join North Shore Bank and Hometown Financial Group family. Reported Earnings • Sep 19
Full year 2025 earnings released: US$0.042 loss per share (vs US$0.005 profit in FY 2024) Full year 2025 results: US$0.042 loss per share (down from US$0.005 profit in FY 2024). Net loss: US$265.0k (down US$298.0k from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. New Risk • May 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 21% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 49% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$51.2m market cap). Aankondiging • May 21
Hometown Financial Group, Inc entered into a definitive merger agreement to acquire CFSB Bancorp, Inc. (NasdaqCM:CFSB) for $93.3 million. Hometown Financial Group, Inc entered into a definitive merger agreement to acquire CFSB Bancorp, Inc. (NasdaqCM:CFSB) for $93.3 million on May 20, 2025. Under the terms of the merger agreement, CFSB shareholders will receive $14.25 in cash for each share of CFSB common stock. The total transaction value is approximately $44 million. Hometown will acquire CFSB and its subsidiary Colonial Federal Savings Bank. The merger is anticipated to close in the fourth quarter of 2025, subject to certain conditions, including the receipt of required regulatory approvals, CFSB shareholder approval, and other standard conditions. The transaction has been unanimously approved by the companies' boards of directors. Kilpatrick Townsend & Stockton LLP served as legal counsel to Hometown Financial Group, Inc. and Luse Gorman, PC served as legal counsel for CFSB Bancorp, Inc. while Piper Sandler provided strategic consulting. Reported Earnings • May 01
Third quarter 2025 earnings released: EPS: US$0.001 (vs US$0.006 loss in 3Q 2024) Third quarter 2025 results: EPS: US$0.001 (up from US$0.006 loss in 3Q 2024). Net income: US$4.0k (up US$44.0k from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Jan 30
Second quarter 2025 earnings released: US$0.026 loss per share (vs US$0.033 loss in 2Q 2024) Second quarter 2025 results: US$0.026 loss per share (improved from US$0.033 loss in 2Q 2024). Net loss: US$162.0k (loss narrowed 23% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 01
First quarter 2025 earnings released: US$0.001 loss per share (vs US$0.02 profit in 1Q 2024) First quarter 2025 results: US$0.001 loss per share (down from US$0.02 profit in 1Q 2024). Net loss: US$6.0k (down 105% from profit in 1Q 2024). Aankondiging • Oct 16
CFSB Bancorp, Inc., Annual General Meeting, Nov 21, 2024 CFSB Bancorp, Inc., Annual General Meeting, Nov 21, 2024. Location: 15 beach street, massachusetts, quincy United States Reported Earnings • Sep 24
Full year 2024 earnings released: EPS: US$0.005 (vs US$0.23 in FY 2023) Full year 2024 results: EPS: US$0.005 (down from US$0.23 in FY 2023). Revenue: US$7.69m (down 18% from FY 2023). Net income: US$33.0k (down 98% from FY 2023). Profit margin: 0.4% (down from 15% in FY 2023). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 2.03% (down from 2.61% in FY 2023). Reported Earnings • Aug 01
Full year 2024 earnings released: EPS: US$0.005 (vs US$0.23 in FY 2023) Full year 2024 results: EPS: US$0.005 (down from US$0.23 in FY 2023). Revenue: US$7.69m (down 18% from FY 2023). Net income: US$33.0k (down 98% from FY 2023). Profit margin: 0.4% (down from 15% in FY 2023). The decrease in margin was driven by lower revenue. Reported Earnings • May 01
Third quarter 2024 earnings released: US$0.006 loss per share (vs US$0.056 profit in 3Q 2023) Third quarter 2024 results: US$0.006 loss per share (down from US$0.056 profit in 3Q 2023). Net loss: US$40.0k (down 111% from profit in 3Q 2023). Reported Earnings • Jan 28
Second quarter 2024 earnings released: US$0.033 loss per share (vs US$0.054 profit in 2Q 2023) Second quarter 2024 results: US$0.033 loss per share (down from US$0.054 profit in 2Q 2023). Revenue: US$1.92m (down 23% from 2Q 2023). Net loss: US$210.0k (down 162% from profit in 2Q 2023). New Risk • Nov 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Market cap is less than US$100m (US$38.9m market cap). New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$39.8m market cap). Reported Earnings • Oct 31
First quarter 2024 earnings released: EPS: US$0.02 (vs US$0.10 in 1Q 2023) First quarter 2024 results: EPS: US$0.02 (down from US$0.10 in 1Q 2023). Revenue: US$2.13m (down 17% from 1Q 2023). Net income: US$123.0k (down 81% from 1Q 2023). Profit margin: 5.8% (down from 25% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Aankondiging • Oct 18
CFSB Bancorp, Inc., Annual General Meeting, Nov 21, 2023 CFSB Bancorp, Inc., Annual General Meeting, Nov 21, 2023, at 17:00 US Eastern Standard Time. Location: 15 Beach Street, Quincy Massachusetts United States Agenda: To consider and approve the election of two directors each to serve for a term of three years; The ratification of the appointment of Wolf & Company, P.C. to serve as the independent registered public accounting firm for the fiscal year ending June 30,2024; and to consider and approve the transaction of any other business that may properly come before the meeting and any adjournment or postponement of the meeting. Reported Earnings • Sep 22
Full year 2023 earnings released: EPS: US$0.23 (vs US$0.075 in FY 2022) Full year 2023 results: EPS: US$0.23 (up from US$0.075 in FY 2022). Revenue: US$9.42m (up 6.1% from FY 2022). Net income: US$1.45m (up 227% from FY 2022). Profit margin: 15% (up from 5.0% in FY 2022). The increase in margin was primarily driven by higher revenue. Reported Earnings • Jul 26
Full year 2023 earnings released: EPS: US$0.23 (vs US$0.075 in FY 2022) Full year 2023 results: EPS: US$0.23 (up from US$0.075 in FY 2022). Revenue: US$9.42m (up 6.1% from FY 2022). Net income: US$1.45m (up 227% from FY 2022). Profit margin: 15% (up from 5.0% in FY 2022). The increase in margin was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$7.50, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 8x in the Banks industry in the US. Total loss to shareholders of 18% over the past year. Reported Earnings • Apr 27
Third quarter 2023 earnings released: EPS: US$0.056 (vs US$0.15 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.056 (up from US$0.15 loss in 3Q 2022). Revenue: US$2.30m (up 4.5% from 3Q 2022). Net income: US$355.0k (up US$1.18m from 3Q 2022). Profit margin: 15% (up from net loss in 3Q 2022). The move to profitability was primarily driven by lower expenses. Reported Earnings • Jan 27
Second quarter 2023 earnings released: EPS: US$0.054 (vs US$0.036 in 2Q 2022) Second quarter 2023 results: EPS: US$0.054 (up from US$0.036 in 2Q 2022). Revenue: US$2.49m (up 15% from 2Q 2022). Net income: US$341.0k (up 46% from 2Q 2022). Profit margin: 14% (up from 11% in 2Q 2022). The increase in margin was driven by higher revenue. Aankondiging • Jan 14
CFSB Bancorp, Inc., Annual General Meeting, Feb 21, 2023 CFSB Bancorp, Inc., Annual General Meeting, Feb 21, 2023, at 17:00 US Eastern Standard Time. Location: 15 Beach Street Quincy Massachusetts United States Agenda: To consider election of three directors each to serve for a term of three years; to consider approval of the CFSB Bancorp, Inc. 2023 Equity Incentive Plan; to consider ratification of the appointment of Wolf & Company, P.C. to serve as the independent registered public accounting firm for the fiscal year ending June 30, 2023; and to consider other matters. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. Independent Director Tracy Wilson was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 22
First quarter 2023 earnings released First quarter 2023 results: EPS: US$0.10. Revenue: US$2.56m (up 15% from 1Q 2022). Net income: US$645.0k (up 37% from 1Q 2022). Profit margin: 25% (up from 21% in 1Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • Sep 15
Full year 2022 earnings released Full year 2022 results: EPS: US$0.075. Revenue: US$8.87m (up 11% from FY 2021). Net income: US$442.0k (down 68% from FY 2021). Profit margin: 5.0% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Board Change • Jun 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • May 12
Third quarter 2022 earnings released Third quarter 2022 results: US$0.15 loss per share. Revenue: US$2.20m (flat on 3Q 2021). Net loss: US$828.0k (flat on 3Q 2021). Reported Earnings • Feb 12
Second quarter 2022 earnings: Revenues in line with analyst expectations Second quarter 2022 results: Revenue: US$2.16m (flat on 2Q 2021). Net income: US$234.0k (up US$234.0k from 2Q 2021). Profit margin: 11% (up from null in 2Q 2021). Revenue was in line with analyst estimates. Recent Insider Transactions • Jan 22
Independent Director recently bought US$51k worth of stock On the 14th of January, Paul Baharian bought around 5k shares on-market at roughly US$10.28 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Aankondiging • Jan 14
CFSB Bancorp, Inc. has completed an IPO in the amount of $28.04306 million. CFSB Bancorp, Inc. has completed an IPO in the amount of $28.04306 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,804,306
Price\Range: $10
Discount Per Security: $0.135
Transaction Features: Bank Conversion; ESOP Related Offering