Home Federal Bancorp Q1 net income falls 29% to $1.2M; EPS $0.40 vs $0.55

Home Federal Bancorp, Inc. of Louisiana

2024-Q1 EPS reported $0.39

Net income $1.2M vs $1.7M YoY; diluted EPS $0.39 vs $0.52.
Net interest margin 3.37% (down from 3.90%); spread 2.68% vs 3.74%.
Loans grew $17.1M to $506.6M; nonperforming assets $1.8M (0.28% of assets).
Deposits down $4.9M to $592.5M; CDs up $12.1M, money market down $9.6M.
Adopted CECL on July 1, 2023; ACL $5.1M (1.00% of gross loans).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Home Federal Bancorp, Inc. of Louisiana reported three months ended September 30, 2023 results: net income $1.2 million, EPS $0.40 basic, $0.39 diluted.

Period: three months ended September 30, 2023
Net income: $1.2 million
EPS: $0.40 basic, $0.39 diluted
Result: reported results

Exact text from the filing

Home Federal Bancorp, Inc. of Louisiana (the “Company”) (Nasdaq: HFBL), the holding company of Home Federal Bank, reported net income for the three months ended September 30, 2023, of $1.2 million compared to net income of $1.7 million reported for the three months ended September 30, 2022.

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Home Federal Bancorp, Inc. of Louisiana filing history →

Source: SEC EDGAR

accession 0000927089-23-000133

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