CULL
Cullman Bancorp, Inc.12.29
+0.04+0.33%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
75.40MP/E (TTM)
24.58Basic EPS (TTM)
0.50Dividend Yield
0%Recent Filings
8-K
Voluntary Nasdaq delisting announced
Cullman Bancorp announced on July 8, 2024, its plan to voluntarily delist common stock from Nasdaq and deregister with the SEC, effective around July 18 via Form 25, with Form 15 filing by July 29 suspending reporting duties. This move, enabled by fewer than 1,200 shareholders, targets cost savings on filings, accounting, and legal fees while maintaining audited statements and bank regulator reports. Shares will shift to OTCQX trading. Deregistration cuts compliance burdens sharply.
8-K
Annual meeting elects directors
Cullman Bancorp held its annual stockholder meeting on May 21, 2024, electing Dr. Paul D. Bussman and Gregory T. Barksdale to three-year board terms amid some withheld votes. Stockholders overwhelmingly ratified Crowe LLP as auditors for 2024, with over 5.5 million for votes. Governance stays steady.
10-Q
Q1 FY2024 results
Cullman Bancorp's net interest income dipped 9.6% year-over-year to $3.5M in Q1 2024 ended March 31, as interest expense more than doubled to $1.6M from higher deposit and borrowing costs, outpacing a 9.2% rise in interest income to $5.1M driven by stronger loan yields at 5.39%. Net income fell to $714K from $1.0M, with diluted EPS steady at $0.11 amid share repurchases; a $40K reversal of credit losses trimmed the allowance to 0.85% of loans, reflecting updated models. Loans grew 1.1% to $346.3M, anchored by commercial real estate, while deposits edged down 0.2% to $268.4M and FHLB advances climbed 28.6% to $45M at 4.26% average rate, bolstering $17.3M in cash. Operating cash flow hit $1.7M. Yet deposit outflows persist amid rate pressures.
10-K
FY2023 results
Cullman Bancorp wrapped FY2023 with assets at $411.6M, down 2.7% y/y amid deposit outflows, yet loans grew 3.0% to $342.7M, driven by 3.9% expansion in one-to-four-family residential and 5.5% in commercial real estate. Net income dipped 5.5% to $4.0M, pressured by noninterest expenses up 3.8% to $11.5M, while net interest income held steady at $15.2M despite a 30bps margin squeeze to 3.89% from rising deposit costs. Q4 momentum shone through with nonperforming assets shrinking to 0.04% of total assets from 0.09% y/y, bolstered by zero nonaccrual loans and a fortified allowance at 0.95% of loans. Borrowings climbed to $35.0M at 4.3% to fund lending, with $2.9M repurchased in shares. No 2024 guidance disclosed. Yet rising rates could crimp deposit stability.
8-K
Annual dividend declared
Cullman Bancorp declared an annual cash dividend of $0.12 per share on January 18, 2024, payable February 21 to shareholders of record on February 1. This payout underscores the company's steady commitment to shareholder returns amid banking sector pressures. Forward-looking statements highlight risks like interest rate shifts and economic volatility that could impact future performance.
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