IF Bancorp Q3 net income $708K flat; 9-month net income down 66% to $1.4M

IF Bancorp, Inc.

2024-Q3 EPS reported $0.42

Q3 net income $708K ($0.22/sh) vs $690K ($0.22/sh) a year ago; nine-month net income $1.4M ($0.42/sh) down from $4.1M ($1.29/sh).
Net interest income fell to $4.3M in Q3 from $5.0M; nine-month $13.2M vs $17.3M, pressured by higher deposit costs.
Interest expense surged to $6.5M in Q3 from $3.2M; total borrowings rose to $139.5M from $30.3M at June 30, 2023.
Deposits decreased to $681.8M from $735.3M; $62.1M in public entity tax deposits were withdrawn.
Credit for credit losses of $(390K) in Q3 vs provision $240K prior year; net loan portfolio grew to $643.3M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

IF Bancorp, Inc. reported nine months ended March 31, 2024 results: net income $1.4 million, EPS $0.42 per basic and diluted share.

Period: nine months ended March 31, 2024
Net income: $1.4 million
EPS: $0.42 per basic and diluted share
Result: reported results

Exact text from the filing

The Company announced unaudited net income of $1.4 million, or $0.42 per basic and diluted share for the nine months ended March 31, 2024

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

IF Bancorp, Inc. reported three months ended March 31, 2024 results: net income $708,000, EPS $0.22 per basic and diluted share.

Period: three months ended March 31, 2024
Net income: $708,000
EPS: $0.22 per basic and diluted share
Result: reported results

Exact text from the filing

IF Bancorp, Inc. (NASDAQ: IROQ) (the “Company”) the holding company for Iroquois Federal Savings and Loan Association (the “Association”), announced unaudited net income of $708,000, or $0.22 per basic and diluted share, for the three months ended March 31, 2024

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Source: SEC EDGAR

accession 0000943374-24-000167

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