---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-24-000167"
form_type: "8-K"
ticker: null
cik: "0001514743"
company_name: "IF Bancorp, Inc."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:20:34.384712+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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- Deposits decreased to $681.8M from $735.3M; $62.1M in public entity tax deposits were withdrawn.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.

## SEC filing metadata
- accession: 0000943374-24-000167
- form_type: 8-K
- cik: 0001514743
- company_name: IF Bancorp, Inc.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1514743/000094337424000167/0000943374-24-000167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1514743/000094337424000167/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-24-000167
- JSON: https://secwatch.observer/filing/0000943374-24-000167.json
- Plain text: https://secwatch.observer/filing/0000943374-24-000167.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514743/000094337424000167/0000943374-24-000167-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514743/000094337424000167/0000943374-24-000167-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.