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:   2024-04-26T23:59:59+00:00
Accession:  0000927089-24-000076
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500375/000092708924000076/0000927089-24-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500375/000092708924000076/hfbil20240424_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-24-000076

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