CFSB BANCORP, INC. ANNOUNCES FISCAL THIRD QUARTER AND YEAR-TO-DATE 2025 FINANCIAL RESULTS

, /PRNewswire/ -- CFSB Bancorp, Inc. (the "Company") (NASDAQ Capital Market: CFSB), the holding company for Colonial Federal Savings Bank (the "Bank"), today announced net income of $4,000, or $0.00 per basic and diluted share, for the three months ended March 31, 2025, a net loss of $162,000, or $0.03 per basic and diluted share, for the three months ended December 31, 2024, and a net loss of $40,000, or $0.01 per basic and diluted share, for the three months ended March 31, 2024. For the nine months ended March 31, 2025, the Company recorded a net loss of $164,000, or $0.03 per basic and diluted share, compared to a net loss of $127,000, or $0.02 per basic and diluted share, for the nine months ended March 31, 2024. Michael E. McFarland, President and Chief Executive Officer, states, "Returns on interest-earning assets continue to show improvement. The costs of deposit liabilities are showing a slight decline as certificates of deposits continue to reprice downward into shorter term products. Loan growth and expense reduction continue to trend in positive directions. With the volatility of both the financial markets and economic conditions, we continue to remain optimistic." Third Quarter Operating ResultsNet interest income, on a fully tax-equivalent basis, increased by $65,000, or 3.8%, to $1.8 million for the three months ended March 31, 2025, from $1.7 million for the three months ended December 31, 2024. The net interest margin increased by seven basis points to 2.05% for the three months ended March 31, 2025, from 1.98% for the three months ended December 31, 2024. Interest income increased $3,000, or 0.1%, due to a $10,000 increase in interest and dividends on securities, and a $73,000 increase in interest and fees on loans, offset by an $80,000 decrease in interest on cash and short-term investments. Interest expense decreased $62,000, or 3.9%, to $1.5 million for the three months ended March 31, 2025, from $1.6 million for the three months ended December 31, 2024. The increase in net interest income was due to higher average yields on interest-earning assets as assets with lower rates are replaced with interest-earning assets with higher rates and a decrease in the cost of deposits. Net interest income, on a fully tax-equivalent basis, increased by $110,000, or 6.6%, to $1.8 million for the three months ended March 31, 2025, from $1.7 million for the three months ended March 31, 2024. The net interest margin increased by nine basis points to 2.05% for the three months ended March 31, 2025, from 1.96% for the three months ended March 31, 2024. Interest income increased $254,000, or 8.4%, due to a $107,000 increase in interest and dividends on securities, an $86,000 increase in interest on cash and short-term investments and a $61,000 increase in interest and fees on loans. Interest expense increased $144,000, or 10.5%, to $1.5 million for the three months ended March 31, 2025, from $1.4 million for the three months ended March 31, 2024. The increase in net interest income was due to higher average yields on interest-earning assets as assets earning lower yields are replaced with interest-earning assets earning higher yields, offset by an increase in the average balance of and rate paid on certificates of deposit. The Company recorded a provision for credit losses of $66,000 for the three months ended March 31, 2025 and reversals of the provision for $79,000 and $20,000, for the three months ended December 31, 2024 and March 31, 2024, respectively. The $5,000 reversal for credit losses for securities held to maturity was primarily due to improvements in economic conditions for the three months ended March 31, 2025. The $26,000 reversal of provision for credit losses for off-balance sheet exposures was primarily due to a decrease of $2.3 million in unfunded commitments at March 31, 2025. The $97,000 provision for credit losses for loans was primarily due to increases in loan originations during the three months ended March 31, 2025. The allowance for credit losses on loans as a percentage of total loans was 0.86%, 0.83%, and 0.91% at March 31, 2025, December 31, 2024, and March 31, 2024, respectively. Non-interest income decreased $5,000, or 3.0%, to $160,000 for the three months ended March 31, 2025, from $165,000 for the three months ended December 31, 2024, primarily due to a decrease of $3,000 in income on bank-owned life insurance and a decrease of $3,000 in other income. Non-interest income decreased $7,000, or 4.2%, to $160,000 for the three months ended March 31, 2025, from $167,000 for the three months ended March 31, 2024, primarily due to a decrease of $4,000 in customer service fees and $3,000 in other income. Non-interest expense decreased $197,000, or 9.6%, to $1.8 million for the three months ended March 31, 2025, from $2.0 million for the three months ended December 31, 2024. The decrease was primarily due to a $180,000 decrease in salaries and employee benefit expense due to prior quarter employee merit salary and benefit increases, and a decrease of $28,000 in other general and administrative expenses, offset by a $20,000 increase in occupancy and equipment expense. Non-interest expense decreased $61,000, or 3.2%, to $1.8 million for the three months ended March 31, 2025, from $1.9 million for the three months ended March 31, 2024. The decrease was primarily due to a $79,000 decrease in salaries and employee benefit expense, primarily due to a reduction in pension costs, offset by a $7,000 increase in other general and administrative expenses and a $6,000 increase in data processing costs. The Company recorded a benefit for income tax of $3,000 for the three months ended March 31, 2025, compared to a provision for income taxes of $51,000 for the three months ended December 31, 2024. The decrease in the provision for income taxes for the three months ended March 31, 2025 was due to the change in the deferred tax and the deferred tax valuation allowance on the charitable contribution carryover. The Company recorded a benefit for income tax of $3,000 for the three months ended March 31, 2025, compared to a benefit for income taxes of $42,000 for the three months ended March 31, 2024. The increase in the provision for income taxes for the three months ended March 31, 2025 was due to the change in the deferred tax and the deferred tax valuation allowance on the charitable contribution carryover. Year-to-Date Operating ResultsNet interest income, on a fully tax-equivalent basis, decreased by $13,000, or 0.3%, to $5.1 million for the nine months ended March 31, 2025, from $5.2 million for the nine months ended March 31, 2024. The net interest margin decreased by eight basis points to 1.99% for the nine months ended March 31, 2025, from 2.07% for the nine months ended March 31, 2024. Interest income increased $1.2 million, or 13.8%, due to a $664,000 increase in interest on cash and short-term investments, a $396,000 increase in interest and dividends on securities, and a $130,000 increase in interest and fees on loans. These changes reflect an increased yield on interest-earning assets of 33 basis points as interest-earning assets earning lower yields are replaced with interest-earning assets earning higher yields. The increase in interest income benefited from an increase in the average balance of cash and short-term investments of $18.8 million, partially offset by a decrease in the average balance of loans of $5.2 million and a decrease in the average balance of securities of $1.1 million. Interest expense increased $1.2 million, or 34.8%, due to an increase of $1.2 million in interest expense on interest-bearing deposits, and a $20,000 increase in interest expense on Federal Home Loan Bank ("FHLB") advances. The increase in interest expense on interest-bearing deposits reflected a 56 basis point increase in the average cost, primarily due to the higher interest rate environment and an increased percentage of higher cost certificates of deposit in the portfolio. The increase in interest expense on FHLB advances was due to a $1.7 million, or 19.3%, increase in the average balance of FHLB advances for the nine months ended March 31, 2025, offset by a 58 basis point decrease in the average cost of FHLB advances as newer advances were borrowed at lower rates. The Company recorded a reversal of the provision for credit losses of $84,000 for the nine months ended March 31, 2025, compared to a reversal of the provision for credit losses of $290,000 for the nine months ended March 31, 2024. The $1,000 reversal of the provision of credit losses for off-balance sheet exposures was primarily due to a decrease of $315,000 in unfunded commitments at March 31, 2025. The $49,000 reversal of the provision for credit losses for loans recorded for the nine months ended March 31, 2025 reflected continued strong asset quality, improvements in forecasted economic conditions and lower loan balances. The $35,000 reversal of the provision for credit losses on securities held to maturity for the nine months ended March 31, 2025 was primarily due to improvements in economic conditions. Non-interest income decreased $4,000, or 0.8%, to $495,000 for the nine months ended March 31, 2025 from $499,000 for the nine months ended March 31, 2024. Non-interest expense decreased $171,000, or 2.9%, to $5.8 million for the nine months ended March 31, 2025 from $5.9 million for the nine months ended March 31, 2024. The decrease was due to a $176,000 decrease in salaries and employee benefit expense primarily due to a reduction in pension costs and a $15,000 decrease in other general and administrative expenses, partially offset by an $18,000 increase in data processing costs. The Company recorded a provision for income taxes of $67,000 for the nine months ended March 31, 2025 and 2024, respectively. The provision for income taxes for the nine months ended March 31, 2025 was due to the decrease in income before income taxes, offset by an increase in the deferred tax valuation allowance on the charitable contribution carryover. The deferred tax related to the charitable contribution carryover was reduced by a 100% valuation allowance because management believes that it is more likely than not that the benefit of these deferred tax assets will not be realized. The ultimate realization of these deferred tax assets is dependent upon the generation of future taxable income. The valuation allowance for these net deferred tax assets may be adjusted in the future if estimates of taxable income during the carryforward period are increased. Balance SheetAssets: At March 31, 2025, total assets amounted to $366.2 million, compared to $363.4 million at June 30, 2024, an increase of $2.8 million, or 0.8%. The increase resulted primarily from an increase in cash and cash equivalents of $1.3 million, and an increase in total loans of $2.8 million, offset by a decrease in securities held to maturity of $1.1 million. The increase in cash and cash equivalents was primarily due to increases in deposits of $3.0 million and decreases in securities held to maturity of $1.1 million, offset by increases in loans of $2.8 million. Asset Quality: At March 31, 2025, there were four one- to four-family loans totaling $1.4 million rated substandard with an allowance for credit loss of $10,000. These loans were rated substandard due to the borrowers' inability to show sufficient rent receipts to support the debt service coverage. There were no loans rated special mention, doubtful or loss at March 31, 2025. There were no charge-offs or recoveries during the nine months ended March 31, 2025. Liabilities: At March 31, 2025, total liabilities amounted to $290.5 million, compared to $287.4 million at June 30, 2024, an increase of $3.1 million, or 1.1%. Deposits increased by $3.0 million, or 1.1%, to $273.8 million at March 31, 2025 compared to $270.8 million at June 30, 2024. The increase was primarily due to an increase of $5.8 million in higher-yielding term certificates of deposit, offset by a decrease of $1.4 million in non-interest-bearing and interest-bearing NOW and demand accounts and a decrease of $1.0 million in regular accounts. The change in composition and the increase in certificates of deposit was a result of the Bank offering certificate of deposit promotions as customers sought accounts with higher interest rates. Stockholders' Equity. Total stockholders' equity decreased $335,000 to $75.7 million at March 31, 2025, from $76.1 million at June 30, 2024. The decrease was primarily due to the purchase of Company stock of $495,000 and the net loss for the nine months ended March 31, 2025 of $164,000, offset by the changes in unearned ESOP compensation of $77,000 and stock-based compensation expense of $269,000. About CFSB Bancorp, Inc.CFSB Bancorp, Inc. is the federal mid-tier holding company of Colonial Federal Savings Bank and is the majority-owned subsidiary of 15 Beach, MHC. Colonial Federal Savings Bank is a federally chartered stock savings bank that has served the banking needs of its customers on the south shore of Massachusetts since 1889. It operates from three full-service offices and one limited-service office in Quincy, Holbrook and Weymouth, Massachusetts. Forward Looking StatementsThis press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, which can be identified by the use of words such as "estimate," "project," "believe," "intend," "anticipate," "assume," "plan," "seek," "expect," "will," "may," "should," "indicate," "would," "contemplate," "continue," "target" and words of similar meaning. These forward-looking statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, demand for loan products, deposit flows, changes in the interest rate environment, the effects of inflation, general economic conditions (including potential recessionary conditions) or conditions within the securities markets, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve Board; changes in the quality, size and composition of our loan and securities portfolios, changes in liquidity, including the size and composition of our deposit portfolio, and the percentage of uninsured deposits in the portfolio; changes in asset quality, prepayment speeds, charge-offs and/or credit loss provisions, our ability to access cost-effective funding; changes in demand for our products and services; legislative, accounting, tax and regulatory changes; the imposition of tariffs or other domestic or international governmental policies; the current or anticipated impact of military conflict, terrorism or other geopolitical events; a failure in or breach of our operational or security systems or infrastructure, including cyberattacks that could adversely affect the Company's financial condition and results of operations and the business in which the Company and the Bank are engaged, the failure to maintain current technologies and the failure to retain or attract employees. You should not place undue reliance on forward-looking statements. CFSB Bancorp, Inc. undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release. CFSB Bancorp, Inc. and Subsidiary Consolidated Balance Sheets (Unaudited) (In thousands, except per share data) March 31, June 30, 2025 2024 Assets: Cash and due from banks $ 1,205 $ 1,339 Short-term investments 27,045 25,620 Total cash and cash equivalents 28,250 26,959 Securities available for sale, at fair value 97 113 Securities held to maturity, at amortized cost, net of allowance for credit losses 145,869 146,994 Federal Home Loan Bank of Boston stock, at cost 704 704 Loans: 1-4 family 138,130 138,005 Multifamily 16,159 12,066 Second mortgages and home equity lines of credit 4,007 3,372 Commercial 14,736 16,833 Total mortgage loans on real estate 173,032 170,276 Consumer 85 65 Home improvement 1,904 2,037 Total loans 175,021 172,378 Allowance for credit losses (1,504) (1,553) Net deferred loan costs and fees, and purchase premiums (353) (387) Loans, net 173,164 170,438 Premises and equipment, net 3,078 3,246 Accrued interest receivable 1,382 1,398 Bank-owned life insurance 10,877 10,670 Deferred tax asset 1,226 1,245 Operating lease right of use asset 788 860 Other assets 765 812 Total assets $ 366,200 $ 363,439 Liabilities and Stockholders' Equity: Deposits: Non-interest-bearing NOW and demand $ 29,430 $ 34,124 Interest-bearing NOW and demand 31,593 28,262 Regular and other 53,178 54,192 Money market accounts 21,495 21,956 Term certificates 138,065 132,307 Total deposits 273,761 270,841 Federal Home Loan Bank of Boston advances 10,350 10,350 Mortgagors' escrow accounts 1,638 1,525 Operating lease liability 811 877 Accrued expenses and other liabilities 3,925 3,796 Total liabilities 290,485 287,389 Stockholders' Equity: Common stock 65 65 Additional paid-in capital 28,385 28,139 Treasury stock (573) (78) Retained earnings 50,062 50,226 Accumulated other comprehensive loss, net of tax - (1) Unearned compensation - ESOP (2,224) (2,301) Total stockholders' equity 75,715 76,050 Total liabilities and stockholders' equity $ 366,200 $ 363,439 CFSB Bancorp, Inc. and Subsidiary Consolidated Statements of Net (Loss) Income (Unaudited) (In thousands, except per share data) For the Three Months Ended For the Nine Months Ended March 31, December 31, March 31, March 31, March 31, 2025 2024 2024 2025 2024 Interest and dividend income: Interest and fees on loans $ 1,838 $ 1,765 $ 1,777 $ 5,387 $ 5,257 Interest and dividends on debt securities: Taxable 1,095 1,083 965 3,206 2,737 Tax-exempt 71 73 89 221 279 Interest on short-term investments and certificates of deposit 262 342 176 934 270 Total interest and dividend income 3,266 3,263 3,007 9,748 8,543 Interest expense: Deposits 1,395 1,455 1,197 4,307 3,124 Borrowings 117 119 171 355 335 Total interest expense 1,512 1,574 1,368 4,662 3,459 Net interest income 1,754 1,689 1,639 5,086 5,084 (Reversal) provision of credit losses for securities held to maturity (5) (15) 44 (35) (97) (Reversal) provision of credit losses for off-balance sheet exposures (26) 33 15 (1) 3 Provision (reversal) of credit losses for loans 97 (97) (79) (48) (196) Net interest income after (reversal) provision of credit losses 1,688 1,768 1,659 5,170 5,374 Non-interest income: Customer service fees 37 36 41 114 118 Income on bank-owned life insurance 67 70 67 206 201 Other income 56 59 59 175 180 Total non-interest income 160 165 167 495 499 Non-interest expenses: Salaries and employee benefits 1,038 1,218 1,117 3,352 3,528 Occupancy and equipment 257 237 256 745 750 Advertising 35 38 32 109 106 Data processing 103 108 97 305 287 Deposit insurance 34 35 33 103 99 Other general and administrative 380 408 373 1,148 1,163 Total non-interest expenses 1,847 2,044 1,908 5,762 5,933 Income (loss) before income taxes 1 (111) (82) (97) (60) (Benefit) provision for income taxes (3) 51 (42) 67 67 Net income (loss) $ 4 $ (162) $ (40) $ (164) $ (127) Net loss per share: Basic $ 0.00 $ (0.03) $ (0.01) $ (0.03) $ (0.02) Diluted $ 0.00 $ (0.03) $ (0.01) $ (0.03) $ (0.02) Weighted average shares outstanding: Basic 6,241,324 6,271,579 6,292,060 6,269,372 6,286,323 Diluted 6,241,324 6,271,579 6,292,060 6,269,372 6,286,323 CFSB Bancorp, Inc. and Subsidiary Average Balances and Yields, Fully Tax-Equivalent Basis (Unaudited) (Dollars in thousands) Average Balance and Yields Three Months Ended March 31, 2025 December 31, 2024 March 31, 2024 Average Interest Average Average Interest Average Average Interest Average Outstanding Earned/ Yield/ Outstanding Earned/ Yield/ Outstanding Earned/ Yield/ (Dollars in thousands) Balance Paid Rate Balance Paid Rate Balance Paid Rate Interest-earning assets: Loans $ 171,883 $ 1,838 4.28 % $ 168,996 $ 1,765 4.18 % $ 175,072 $ 1,777 4.06 % Securities (1) 148,261 1,185 3.20 % 148,673 1,175 3.16 % 149,442 1,078 2.89 % Cash and short-term investments 25,704 262 4.08 % 26,945 342 5.08 % 14,933 176 4.71 % Total interest-earning assets 345,848 3,285 3.80 % 344,614 3,282 3.81 % 339,447 3,031 3.57 % Non-interest-earning assets 17,304 17,169 17,082 Total assets $ 363,152 $ 361,783 $ 356,529 Interest-bearing liabilities: Interest-bearing demand deposits $ 29,874 $ 4 0.05 % $ 30,034 $ 4 0.05 % $ 30,261 $ 4 0.05 % Savings deposits 52,065 13 0.10 % 53,149 13 0.10 % 57,619 14 0.10 % Money market deposits 21,830 13 0.24 % 22,216 13 0.23 % 23,396 14 0.24 % Certificates of deposit 140,121 1,365 3.90 % 136,928 1,425 4.16 % 121,108 1,165 3.85 % Total interest-bearing deposits 243,890 1,395 2.29 % 242,327 1,455 2.40 % 232,384 1,197 2.06 % FHLB advances 10,350 117 4.52 % 10,350 119 4.60 % 14,186 171 4.82 % Total interest-bearing liabilities 254,240 1,512 2.38 % 252,677 1,574 2.49 % 246,570 1,368 2.22 % Non-interest-bearing liabilities: Non-interest-bearing demand deposits 27,602 27,226 28,530 Other non-interest-bearing liabilities 5,683 5,934 5,650 Total liabilities 287,525 285,837 280,750 Total stockholders' equity 75,627 75,946 75,779 Total liabilities and stockholders' equity $ 363,152 $ 361,783 $ 356,529 Net interest income $ 1,773 $ 1,708 $ 1,663 Net interest rate spread(2) 1.42 % 1.32 % 1.35 % Net interest-earning assets(3) $ 91,608 $ 91,937 $ 92,877 Net interest margin(4) 2.05 % 1.98 % 1.96 % Cost of deposits(5) 2.06 % 2.16 % 1.84 % Cost of funds(6) 2.15 % 2.25 % 1.99 % Ratio of interest-earning assets to interest-bearing liabilities 136.03 % 136.39 % 137.67 % (1) Includes tax equivalent adjustments for municipal securities, based on a statutory tax rate of 21%, of $19,000, $19,000, and $24,000 for the three months ended March 31, 2025, December 31, 2024 and March 31, 2024, respectively. (2) Net interest rate spread represents the difference between the weighted average yield earned on interest-earning assets and the weighted average rate paid on interest-bearing liabilities. (3) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities. (4) Net interest margin represents net interest income divided by average total interest-earning assets. (5) Cost of deposits represents the total interest paid on deposits, divided by total interest-bearing deposits plus total non-interest-bearing deposits. (6) Cost of funds represents the total interest paid on liabilities, divided by total interest-bearing liabilities plus total non-interest-bearing deposits. CFSB Bancorp, Inc. and Subsidiary Reconciliation of Fully Tax-Equivalent Income (Unaudited) (In thousands) For the Three Months Ended March 31, 2025 December 31, 2024 March 31, 2024 Securities interest income (no tax adjustment) $ 1,166 $ 1,156 $ 1,054 Tax-equivalent adjustment 19 19 24 Securities (tax-equivalent basis) $ 1,185 $ 1,175 $ 1,078 Net interest income (no tax adjustment) $ 1,754 $ 1,689 $ 1,639 Tax-equivalent adjustment 19 19 24 Net interest income (tax-equivalent adjustment) $ 1,773 $ 1,708 $ 1,663 CFSB Bancorp, Inc. and Subsidiary Average Balances and Yields, Fully Tax-Equivalent Basis (Unaudited) (Dollars in thousands) Average Balance and Yields Nine Months Ended March 31, 2025 March 31, 2024 Average Interest Average Average Interest Average Outstanding Earned/ Yield/ Outstanding Earned/ Yield/ (Dollars in thousands) Balance Paid Rate Balance Paid Rate Interest-earning assets: Loans $ 170,781 $ 5,387 4.21 % $ 175,966 $ 5,257 3.98 % Securities (1) 148,194 3,486 3.14 % 149,296 3,090 2.76 % Cash and short-term investments 26,513 934 4.70 % 7,733 270 4.66 % Total interest-earning assets 345,488 9,807 3.78 % 332,995 8,617 3.45 % Non-interest-earning assets 17,214 16,765 Total assets $ 362,702 $ 349,760 Interest-bearing liabilities: Interest-bearing demand deposits $ 29,887 $ 11 0.05 % $ 29,972 $ 11 0.05 % Savings deposits 53,080 40 0.10 % 59,693 45 0.10 % Money market deposits 22,140 42 0.25 % 24,611 47 0.25 % Certificates of deposit 136,705 4,214 4.11 % 116,087 3,021 3.47 % Total interest-bearing deposits 241,812 4,307 2.37 % 230,363 3,124 1.81 % FHLB advances 10,350 355 4.57 % 8,673 335 5.15 % Total interest-bearing liabilities 252,162 4,662 2.47 % 239,036 3,459 1.93 % Non-interest-bearing liabilities: Non-interest-bearing demand deposits 28,868 29,244 Other non-interest-bearing liabilities 5,810 5,683 Total liabilities 286,840 273,963 Total stockholders' equity 75,862 75,797 Total liabilities and stockholders' equity $ 362,702 $ 349,760 Net interest income $ 5,145 $ 5,158 Net interest rate spread(2) 1.31 % 1.52 % Net interest-earning assets(3) $ 93,326 $ 93,959 Net interest margin(4) 1.99 % 2.07 % Cost of deposits(5) 2.12 % 1.60 % Cost of funds(6) 2.21 % 1.72 % Ratio of interest-earning assets to interest-bearing liabilities 137.01 % 139.31 % (1) Includes tax equivalent adjustments for municipal securities, based on a statutory tax rate of 21%, of $59,000 and $74,000 for the nine months ended March 31, 2025 and March 31, 2024, respectively. (2) Net interest rate spread represents the difference between the weighted average yield earned on interest-earning assets and the weighted average rate paid on interest-bearing liabilities. (3) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities. (4) Net interest margin represents net interest income divided by average total interest-earning assets. (5) Cost of deposits represents the total interest paid on deposits, divided by total interest-bearing deposits plus total non-interest-bearing deposits. (6) Cost of funds represents the total interest paid on liabilities, divided by total interest-bearing liabilities plus total non-interest-bearing deposits . CFSB Bancorp, Inc. and Subsidiary Reconciliation of Fully Tax-Equivalent Income (Unaudited) (In thousands) For the Nine Months Ended March 31, March 31, 2025 2024 Securities interest income (no tax adjustment) $ 3,427 $ 3,016 Tax-equivalent adjustment 59 74 Securities (tax-equivalent basis) $ 3,486 $ 3,090 Net interest income (no tax adjustment) 5,086 5,084 Tax-equivalent adjustment 59 74 Net interest income (tax-equivalent adjustment) $ 5,145 $ 5,158 SOURCE CFSB Bancorp, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

CFSB BANCORP, INC. ANNOUNCES FISCAL THIRD QUARTER AND YEAR-TO-DATE 2025 FINANCIAL RESULTS

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