Reported Q: Q4 2024 Rev YoY: +19.4% EPS YoY: +50.0% Move: 0.00%
CFSB Bancorp Inc
CFSB
$14.25 0.00%
Exchange NASDAQ Sector Financial Services Industry Banks Regional
Q4 2024
Published: Sep 18, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for CFSB

Reported

Report Date

Sep 18, 2024

Quarter Q4 2024

Revenue

3.42M

YoY: +19.4%

EPS

0.03

YoY: +50.0%

Market Move

0.00%

Previous quarter: Q3 2024

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Earnings Highlights

  • Revenue of $3.42M up 19.4% year-over-year
  • EPS of $0.03 increased by 50% from previous year
  • Gross margin of 53.2%
  • Net income of 160.00K
  • "N/A" - N/A
CFSB
Company CFSB

Executive Summary

CFSB Bancorp Inc, the holding company for Colonial Federal Savings Bank, reported QQ4 2024 results with revenue of $3.421 million, up 19.4% year over year and 9.3% quarter over quarter. Despite top-line growth, net income was modest at $0.160 million and earnings per share (EPS) stood at $0.03 due to a substantial interest expense of $1.507 million and a favorable tax line that produced a negative tax expense of $0.106 million. The quarter maintained an overall positive operating result (operating income of $0.054 million), but the bottom line remains highly sensitive to funding costs, given the structure of the balance sheet and the sizable interest burden relative to revenue.

From a balance-sheet perspective, total assets stood at $363.4 million with cash and cash equivalents of $26.96 million. The most striking feature is an unusually large goodwill/intangible asset base of $291.93 million, representing a substantial portion of non-current assets. This raises impairment risk considerations and places a focus on ongoing capital planning and asset quality over time. Liquidity metrics are tight by traditional banking standards, with current/quick/cash ratios around 0.33 and a current liability base that appears larger than current assets, underscoring liquidity sensitivity in a rising-rate environment.

On the cash-flow front, operating cash flow was modest at $0.308 million for QQ4 2024, with financing activities contributing meaningfully to the cash position (+$5.124 million) and free cash flow of $0.268 million reported. The financing activity pattern suggests one-off or episodic funding actions rather than ongoing organic balance-sheet expansion. Trading multiples imply modestly depressed valuation relative to book value (price-to-book about 0.54) and elevated price-to-earnings (around 64.6x), reflecting the small-bank niche and the high weight of intangible assets in the balance sheet.

Overall, the quarterly results point to a company with positive but constrained profitability, a balance-sheet profile dominated by intangibles, and liquidity characteristics that require close monitoring as interest rates and competitive dynamics evolve in the regional banking landscape.

Key Performance Indicators

Revenue
Increasing
3.42M
QoQ: 9.30% | YoY: 19.41%
Gross Profit
Decreasing
1.82M
53.17% margin
QoQ: -0.38% | YoY: -11.57%
Operating Income
Decreasing
54.00K
QoQ: 165.85% | YoY: -56.45%
Net Income
Increasing
160.00K
QoQ: 500.00% | YoY: 52.38%
EPS
Increasing
0.03
QoQ: 400.00% | YoY: 50.00%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2025 3.43 0.00 +9.6% View
Q2 2025 3.44 -0.03 +12.0% View
Q1 2025 3.39 0.00 +17.2% View
Q4 2024 3.42 0.03 +19.4% View
Q3 2024 3.13 -0.01 +10.3% View