secwatch.observer — SEC 8-K summary
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Issuer:     Home Federal Bancorp, Inc. of Louisiana (HFBL)
CIK:        0001500375
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0000927089-24-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Home Federal Bancorp Q2 net income $1.0M, down 41% YoY; net interest margin contracts
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- Net income $1.0M ($0.33 EPS) vs $1.7M ($0.57) prior year quarter; six-month net income $2.2M vs $3.4M.
- Net interest margin fell to 3.14% (quarter) from 3.91% as interest expense rose $2.4M vs interest income up $2.0M.
- Nonperforming assets increased to $2.2M (0.34% assets) from $1.6M (0.24%) at June 30; non-interest expense up $693K.
- Total deposits decreased $13.7M to $583.7M, partly due to a $24.2M estate settlement; loans grew $12.3M to $501.8M.
- CECL adoption on July 1 added $189K to allowance for credit losses and reduced equity $149K net of tax.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500375/000092708924000019/0000927089-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500375/000092708924000019/hfbil20240124_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-24-000019

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