Kentucky First Federal reports Q2 net loss of $361K vs profit of $374K year ago

Kentucky First Federal Bancorp

2024-Q2 EPS reported -$0.07

Net loss of $361,000 ($0.05 diluted EPS) for Dec 31, 2023 quarter vs net income of $374,000 ($0.04) a year ago, a decrease of $735k (196.5%).
Net interest income fell 32.3% to $1.7M as interest expense surged 232.4% on rapid deposit repricing.
Six-month net loss $536,000 ($0.07) vs net income $747,000 ($0.09) prior-year period.
Adopted CECL July 1, 2023: increased ACL for loans by $497k, reduced retained earnings by $414k.
Book value per share $6.08; shareholders' equity down 3.0% to $49.2M.

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 three months ended December 31, 2023 results: net income net loss of $361,000, EPS ($0.05) diluted earnings per share.

Period: three months ended December 31, 2023
Net income: net loss of $361,000
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 a net loss of $361,000 or ($0.05) diluted earnings per share for the three months ended December 31, 2023

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Source: SEC EDGAR

accession 0001213900-24-013419

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