Home Federal Bancorp Q3 net income down 33% to $732K; NIM narrows to 2.89%

Home Federal Bancorp, Inc. of Louisiana

2024-Q3 EPS reported $0.95

Net income $732K ($0.24 EPS) vs $1.1M ($0.35) a year ago; nine-month net $3.0M vs $4.4M.
Net interest margin fell to 2.89% from 3.56% as deposit costs surged 126% YoY.
Nonperforming assets increased to $2.4M (0.37% of assets) from $1.6M (0.24%).
Total deposits down $18.5M, partly due to a $24.8M estate settlement paying out.
Adopted CECL on July 1, 2023, with a $189K cumulative hit to equity; ACL at 0.97%.

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 0.9

Home Federal Bancorp, Inc. of Louisiana reported financial results for the three and nine months ended March 31, 2024.

Period: the three and nine months ended March 31, 2024
Result: reported results

Exact text from the filing

On April 26, 2024, Home Federal Bancorp, Inc. of Louisiana (the “Company”) reported its results of operations for the three and nine months ended March 31, 2024.

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Home Federal Bancorp, Inc. of Louisiana filing history →

Source: SEC EDGAR

accession 0000927089-24-000076

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