secwatch.observer — SEC 8-K summary
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Issuer:     Kentucky First Federal Bancorp (KFFB)
CIK:        0001297341
Form:       8-K
Filed at:   2021-08-27T23:59:59+00:00
Accession:  0001213900-21-045309
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kentucky First Federal Bancorp posts FY2021 net income of $1.8M, reversing prior year loss
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297341/000121390021045309/0001213900-21-045309-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297341/000121390021045309/ea146601-8k_kentuckyfirst.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-045309

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