secwatch.observer — SEC 8-K summary
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Issuer:     Kentucky First Federal Bancorp (KFFB)
CIK:        0001297341
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001213900-24-013419
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297341/000121390024013419/0001213900-24-013419-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297341/000121390024013419/ea193672-8k_kentucky.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-013419

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