BELMONT, Mass., Oct. 16, 2017 /PRNewswire/ -- BSB Bancorp,
Inc. (NASDAQ-BLMT) (the "Company"), the holding company for Belmont
Savings Bank (the "Bank"), today announced it has received the
prestigious 2017 Sandler O'Neill Sm-All Star Award for being a top
performer among over 400 small-cap banks and thrifts across the
country.
This year, Belmont Savings was the sole Massachusetts bank recognized for this
award.
"Belmont Savings strives for consistent earnings performance and
is proud to be amongst the fastest growing banks in the country,"
said Bob Mahoney, president and CEO
of Belmont Savings Bank. "Receiving this award from Sandler O'Neill
is further acknowledgement that our strategy is effective in
serving our customers, our shareholders and the community."
The Sm-All Stars designation was inaugurated in 2004 by Sandler
O'Neill + Partners– a prominent U.S. investment banking firm– to
identify outstanding annual performance for small-cap banks and
thrifts in the United States.
Performance metrics of Sm-All Star institutions are exceptional,
markedly exceeding industry metrics. Companies are selected based
on various financial screening criteria, including growth,
profitability, credit quality and capital strength, and must have a
market cap below $2.5 billion.
Belmont Savings had an earnings per share growth of 47.6%
(nearly five times higher than the national median); a loan growth
of 22.4% (about two times higher than the median); a deposit growth
of 16.3% (about twice as large as the median); and an ROAE of
8.8%.
The Sandler O'Neill Sm-All Stars Class of 2017 consists of only
29 institutions out of a universe of 404 publicly traded banks and
thrifts with a market cap below $2.5
billion. Belmont Savings was included as the only
Massachusetts bank to earn this
recognition in the Class of 2017.
Company Profile
BSB Bancorp, Inc. is headquartered in Belmont, Massachusetts and is the holding
company for Belmont Savings Bank. The Bank provides financial
services to individuals, families, municipalities and businesses
through its six full-service branch offices located in Belmont, Watertown, Cambridge, Newton and Waltham in Southeast
Middlesex County, Massachusetts. The Bank's primary lending
market includes Essex,
Middlesex, Norfolk and Suffolk Counties, Massachusetts. The Company's common stock is
traded on the NASDAQ Capital Market under the symbol "BLMT." For
more information, visit the Company's website at
www.belmontsavings.com.
Contact: Andy Hoglund
ahoglund@rasky.com
617.391.9644
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SOURCE BSB Bancorp, Inc.