Kentucky First Federal Bancorp posts Q3 net loss of $107K; EPS -$0.01 vs $0.02 year ago

Kentucky First Federal Bancorp

2024-Q3 EPS reported -$0.08

Net loss of $107,000 or ($0.01) diluted EPS for quarter ended March 31, 2024, vs net earnings of $144,000 or $0.02 EPS a year ago.
Net interest income fell 13.7% to $1.8M as interest expense surged 106.7% to $2.4M.
Nine-month net loss of $643,000 or ($0.08) EPS, vs net earnings of $891,000 or $0.11 EPS prior year.
Assets grew 5.8% to $369.1M; book value per share $6.06; shareholders' equity down 3.3% to $49.0M.
Adopted CECL accounting standard on July 1, 2023, increasing allowance for credit losses by $498,000 through March 31, 2024.

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 0.95

Kentucky First Federal Bancorp reported the three months ended March 31, 2024 results: net income a net loss of $107,000, EPS ($0.01) diluted earnings per share.

Period: the three months ended March 31, 2024
Net income: a net loss of $107,000
EPS: ($0.01) 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 $107,000 or ($0.01) diluted earnings per share for the three months ended March 31, 2024

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Kentucky First Federal Bancorp reported the nine months ended March 31, 2024 results: net income a net loss of $643,000, EPS ($0.08) diluted earnings per share.

Period: the nine months ended March 31, 2024
Net income: a net loss of $643,000
EPS: ($0.08) diluted earnings per share
Result: reported results

Exact text from the filing

For the nine months ended March 31, 2024, the Company reported a net loss of $643,000 or ($0.08) diluted earnings per share compared to net earnings of $891,000 or $0.11 diluted earnings per share for the nine months ended March 31, 2023

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Source: SEC EDGAR

accession 0001213900-24-041865

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