secwatch.observer — SEC 8-K summary
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Issuer:     Kentucky First Federal Bancorp (KFFB)
CIK:        0001297341
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001213900-23-086244
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kentucky First Federal Bancorp reports net loss of $175K for Sept quarter vs profit last year
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- Net loss of $175,000 or ($0.02) diluted EPS vs net earnings of $373,000 or $0.05 EPS in prior year quarter.
- Net interest income fell 31.3% to $1.7M due to interest expense rising 355.6% on rate hikes.
- Adopted CECL accounting on July 1, 2023; recorded $497K increase in ACL for loans, $414K reduction to retained earnings.
- Deposits increased $26.1M (11.5%) to $252.4M, including $48.1M in brokered CDs; book value per share $6.14.
- Shareholders' equity decreased $1.1M to $49.6M, impacted by CECL adoption and net loss.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297341/000121390023086244/0001213900-23-086244-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297341/000121390023086244/ea188286-8k_kentucky.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-086244

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