secwatch.observer — SEC 8-K summary
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Issuer:     Kentucky First Federal Bancorp (KFFB)
CIK:        0001297341
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0001213900-23-036817
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KFFB Q3 fiscal 2023 net earnings down 56.9% YoY; EPS $0.02 vs $0.04
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- Net earnings of $144k ($0.02 diluted EPS) for Q3 ended Mar 31, 2023, down 56.9% from $334k ($0.04) year ago.
- Nine-month net earnings of $891k ($0.11 EPS), down 35.6% from $1.4M ($0.17) prior period.
- Net interest income decreased $93k (4.4%) to $2.0M as interest expense surged 175.4% due to FOMC rate hikes.
- Loan portfolio up 11.8% to $307M; deposits fell 12.7% to $209.4M, replaced by FHLB advances up 137.5% to $80.9M.
- Book value per share $6.32; unrealized losses on AFS investments of $361k included in shareholders' equity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297341/000121390023036817/0001213900-23-036817-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297341/000121390023036817/ea178061-8k_kentucky.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-036817

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