EWSB · EWSB Bancorp, Inc. /MD/
EWSB Bancorp, Inc. operates as the bank holding company for East Wisconsin Savings Bank that provides various banking products and services in Wisconsin. The company offers a range of deposit accounts, including certificates of deposit, money market accounts, savings accounts, and interest-bearing and noninterest-bearing demand accounts. It also provides one- to four-family residential real estate loans, marine and recreational vehicle loans, home equity loans and lines of credit, and other consumer loans, as well as commercial real estate, multifamily, construction, and commercial loans. In addition, it invests in securities consisting primarily of the U.S. Treasury and federal agency securities, including agency mortgage-backed securities, securities issued by state and political subdivisions, and corporate bonds. The company was founded in 1887 and is based in Kaukauna, Wisconsin.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $10.95 |
| SO | 0.8M |
| Options | 0.0M |
| Warrants | 0.0M |
| FD SO | 0.8M |
| MC | $8.2M |
| Cash | $1.0M |
| Total debt | $29.3M ⚠ |
| EV | $36.5M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 3.0x |
| EV / EBITDA | — |
| MC / Net Income | — |
| EV / FCF | — |
| MC / FCF | — |
| Ownership & coverage | |
|---|---|
| Institutional | 0.1% |
| Insiders | 48.9% |
| # Institutions | 1 |
| Analysts | 0 |
| Consensus | — |
| Avg target | — |
| Short % float | — |
| Days to cover | — |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-11. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest shown as "—" when unreported or older than 60 days.
Debt figure uncertain — deposit-funded financial institution — debt/EV not a meaningful metric. Verify against the filing before relying on EV.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 3.10 | 3.20 | 2.97 | 2.81 |
| Revenue YoY % | 6.1% | 27.1% | 10.9% | 11.7% |
| Gross Profit | 1.52 | 1.38 | 1.70 | 1.49 |
| Gross Profit YoY % | 23.8% | 15.5% | 49.9% | 32.7% |
| Gross Margin % | 48.9% | 43.2% | 57.2% | 53.2% |
| SG&A | 1.91 | 1.90 | 1.80 | 1.90 |
| Interest Expense | 1.18 | 1.30 | 1.22 | 1.13 |
| Pretax Income | (0.36) | 0.06 | (0.16) | (0.42) |
| Tax Provision | 0.00 | 0.05 | 3.18 | (0.15) |
| Net Income | (0.36) | 0.01 | (3.34) | (0.28) |
| Net Margin % | (11.8%) | 0.3% | (112.6%) | (9.9%) |
| Diluted EPS | -$0.52 | $0.02 | -$4.74 | -$0.40 |
| Basic EPS | -$0.52 | $0.02 | -$4.74 | -$0.40 |
| Diluted Avg Shares | 0.7 | — | 0.7 | 0.7 |
| Basic Avg Shares | 0.7 | — | 0.7 | 0.7 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | |
|---|---|---|---|---|
| Total Revenue | 12.07 | 12.86 | 11.40 | 9.02 |
| Revenue YoY % | (6.2%) | 12.8% | 26.4% | — |
| Gross Profit | 6.09 | 6.13 | 4.54 | 5.32 |
| Gross Profit YoY % | (0.7%) | 35.1% | (14.7%) | — |
| Gross Margin % | 50.4% | 47.7% | 39.8% | 59.0% |
| SG&A | 7.51 | 7.57 | 7.31 | 7.22 |
| Interest Expense | 4.83 | 4.61 | 3.37 | 4.58 |
| Pretax Income | (0.89) | (1.32) | (2.44) | (1.33) |
| Tax Provision | 3.08 | 2.85 | (0.74) | (0.40) |
| Net Income | (3.97) | (4.18) | (1.70) | (0.94) |
| Net Margin % | (32.9%) | (32.5%) | (14.9%) | (10.4%) |
| Diluted EPS | -$5.64 | -$5.93 | -$8.62 | — |
| Basic EPS | -$5.64 | -$5.93 | -$8.62 | — |
| Diluted Avg Shares | 0.7 | 0.7 | 0.2 | — |
| Basic Avg Shares | 0.7 | 0.7 | 0.2 | — |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 0.96 | 1.27 | 1.01 | 2.73 |
| Net PPE | 2.32 | 2.36 | 2.35 | 2.39 |
| Other Assets | 259.95 | 267.34 | 276.85 | 279.92 |
| Total Assets | 263.23 | 270.97 | 280.21 | 285.04 |
| Long-term Debt | 29.26 | 38.37 | 44.82 | 44.27 |
| Other Liabilities | 221.00 | 219.38 | 222.51 | 225.00 |
| Total Liabilities | 250.25 | 257.75 | 267.34 | 269.27 |
| Retained Earnings | 12.96 | 13.32 | 13.31 | 16.65 |
| Total Equity | 12.97 | 13.22 | 12.88 | 15.78 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | |
|---|---|---|---|---|
| Cash & Equivalents | 0.96 | 1.27 | 1.19 | 1.61 |
| Net PPE | 2.32 | 2.36 | 2.41 | 2.91 |
| Other Assets | 259.95 | 267.34 | 269.71 | 258.05 |
| Total Assets | 263.23 | 270.97 | 273.31 | 262.57 |
| Long-term Debt | 29.26 | 38.37 | 24.20 | 19.03 |
| Other Liabilities | 221.00 | 219.38 | 233.48 | 232.00 |
| Total Liabilities | 250.25 | 257.75 | 257.68 | 251.03 |
| Retained Earnings | 12.96 | 13.32 | 17.50 | 19.20 |
| Total Equity | 12.97 | 13.22 | 15.63 | 11.54 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | (0.36) | 0.01 | (3.34) | (0.28) |
| Δ Working Cap & Other | (0.12) | 0.13 | 2.83 | (0.17) |
| Operating Cash Flow | (0.49) | 0.14 | (0.51) | (0.44) |
| CapEx | 0.00 | (0.04) | (0.01) | (0.01) |
| Other Investing | 7.38 | 9.83 | 0.88 | (5.44) |
| Investing Cash Flow | 7.38 | 9.78 | 0.87 | (5.45) |
| Stock Issuance | — | 0.00 | — | — |
| Other Financing | (7.20) | (9.66) | (2.09) | 7.50 |
| Financing Cash Flow | (7.20) | (9.66) | (2.09) | 7.50 |
| Free Cash Flow | (0.49) | 0.09 | (0.52) | (0.45) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | |
|---|---|---|---|---|
| Net Income | (3.97) | (4.18) | (1.70) | (0.94) |
| D&A | — | 0.16 | 0.17 | 0.18 |
| Stock-Based Comp | — | 0.02 | 0.03 | 0.00 |
| Δ Working Cap & Other | 2.67 | 2.32 | (0.72) | (0.73) |
| Operating Cash Flow | (1.30) | (1.67) | (2.22) | (1.48) |
| CapEx | (0.06) | (0.10) | (0.11) | (0.03) |
| Other Investing | 12.65 | 1.96 | (9.47) | 9.49 |
| Investing Cash Flow | 12.59 | 1.86 | (9.57) | 9.46 |
| Stock Issuance | — | 0.00 | 5.48 | 0.00 |
| Other Financing | (11.45) | — | 5.90 | (9.51) |
| Financing Cash Flow | (11.45) | (0.11) | 11.38 | (9.51) |
| Free Cash Flow | (1.36) | (1.78) | (2.33) | (1.51) |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | — | — | — | — |
| Quick Ratio | — | — | — | — |
| Debt / Equity | 19.29 | 19.50 | 20.76 | 17.07 |
| EBITDA Margin % | — | — | — | — |
| Working Capital | — | — | — | — |
| Net Debt | 28.29 | 37.10 | 43.82 | 41.53 |
| ROE % | (2.8%) | 0.1% | (25.9%) | (1.8%) |
| ROA % | (0.1%) | 0.0% | (1.2%) | (0.1%) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | |
|---|---|---|---|---|
| Current Ratio | — | — | — | — |
| Quick Ratio | — | — | — | — |
| Debt / Equity | 19.29 | 19.50 | 16.49 | 21.76 |
| EBITDA Margin % | — | — | — | — |
| Working Capital | — | — | — | — |
| Net Debt | 28.29 | 37.10 | 23.01 | 17.42 |
| ROE % | (30.6%) | (31.6%) | (10.9%) | (8.1%) |
| ROA % | (1.5%) | (1.5%) | (0.6%) | (0.4%) |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-07-09 | Schmalz Charles D | Director, Officer (President & CEO) | 2026-06-29 | P | 8,500 | $10.00 | $85,000 |
| 2026-07-09 | Schmalz Charles D | Director, Officer (President & CEO) | 2026-06-29 | P | 59,141 | $10.00 | $591,410 |
| 2026-07-09 | Mangold James E | Officer (VP - Lending) | 2026-06-29 | P | 39,950 | $10.00 | $399,500 |
| 2026-07-09 | Schneider Kory J | Officer (VP - Member Experience) | 2026-06-29 | P | 32,860 | $10.00 | $328,600 |
| 2026-07-09 | Schneider Kory J | Officer (VP - Member Experience) | 2026-06-29 | P | 15,040 | $10.00 | $150,400 |
| 2026-07-09 | Vander Loop Kailee | Officer (VP HR Technology) | 2026-06-29 | P | 7,640 | $10.00 | $76,400 |
| 2026-07-09 | Vander Loop Kailee | Officer (VP HR Technology) | 2026-06-29 | P | 6,040 | $10.00 | $60,400 |
| 2026-07-09 | Vander Loop Kailee | Officer (VP HR Technology) | 2026-06-29 | P | 1,500 | $10.00 | $15,000 |
| 2026-07-09 | Haen Steven | Director | 2026-06-29 | P | 1,000 | $10.00 | $10,000 |
| 2026-07-08 | Vander Loop Kailee | Officer (VP HR Technology) | 2025-06-29 | P | 7,640 | $10.00 | $76,400 |
| 2026-07-08 | Vander Loop Kailee | Officer (VP HR Technology) | 2025-06-29 | P | 6,040 | $10.00 | $60,400 |
| 2026-07-08 | Vander Loop Kailee | Officer (VP HR Technology) | 2025-06-29 | P | 1,500 | $10.00 | $15,000 |
| 2026-07-08 | Schneider Kory J | Officer (VP - Member Experience) | 2025-06-29 | P | 32,860 | $10.00 | $328,600 |
| 2026-07-08 | Schneider Kory J | Officer (VP - Member Experience) | 2025-06-29 | P | 15,040 | $10.00 | $150,400 |
| 2026-07-08 | Mangold James E | Officer (VP - Lending) | 2025-06-29 | P | 39,950 | $10.00 | $399,500 |
| 2026-07-08 | Schmalz Charles D | Director, Officer (President & CEO) | 2025-06-29 | P | 8,500 | $10.00 | $85,000 |
| 2026-07-08 | Schmalz Charles D | Director, Officer (President & CEO) | 2025-06-29 | P | 59,141 | $10.00 | $591,410 |
| 2025-05-23 | Schmalz Charles D | Director, Officer (President & CEO) | 2025-05-05 | P | 2,100 | $10.65 | $22,365 |