Kentucky First Federal Bancorp Q1 fiscal 2023 net earnings down 34.3% to $0.05 diluted EPS

Kentucky First Federal Bancorp

2023-Q1 EPS reported $0.05

Net earnings $373K ($0.05 diluted EPS) vs. $568K ($0.07) in Q1 fiscal 2022, down 34.3%.
Non-interest income fell 57.0% to $98K on reduced gains from loan sales amid rising interest rates.
Provision for loan loss of $113K recognized; loans net increased $18.1M (6.6%) to $292.7M.
Book value per share $6.33; shareholders' equity decreased $396K due to $430K unrealized losses on AFS securities.
Net interest income decreased 2.9% to $2.4M; non-interest expense down 2.7% to $1.9M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Kentucky First Federal Bancorp reported the three months ended September 30, 2022 results: net income $373,000, EPS $0.05 diluted earnings per share.

Period: the three months ended September 30, 2022
Net income: $373,000
EPS: $0.05 diluted earnings per share
Result: reported results

Exact text from the filing

Kentucky First Federal Bancorp (Nasdaq: KFFB), the holding company (the “Company”) for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced net earnings of $373,000 or $0.05 diluted earnings per share for the three months ended September 30, 2022, compared to net earnings of $568,000 or $0.07 diluted earnings per share for the three months ended September 30, 2021, a decrease of $195,000 or 34.3%.

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Source: SEC EDGAR

accession 0001213900-22-071240

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