earnings
confidence high
sentiment positive
materiality 0.60
Kentucky First Federal Bancorp posts FY2021 net income of $1.8M, reversing prior year loss
Kentucky First Federal Bancorp
2022-FY EPS reported
$0.22
- Net income of $1.8M ($0.22 diluted EPS) for year ended June 30, 2021, vs net loss of $12.5M ($1.52 loss) in prior year.
- Q4 net income $692K ($0.08 diluted EPS) vs net loss of $13.3M ($1.61 loss) in prior-year quarter, driven by absence of $13.6M goodwill impairment.
- Net interest income increased $687K (7.4%) to $10.0M; non-interest income up $196K (49.1%) on higher gains on loan sales.
- Non-interest expense decreased $13.7M (62.4%), largely due to prior-year goodwill impairment; excluding it, adjusted expense down 1.2%.
- Assets $338.1M (+5.3%), book value $6.36 per share; capital ratios exceeded requirements.