secwatch.observer — SEC 8-K summary
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Issuer:     Kentucky First Federal Bancorp (KFFB)
CIK:        0001297341
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001213900-24-041865
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297341/000121390024041865/0001213900-24-041865-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297341/000121390024041865/ea0205839-8k_kentucky.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-041865

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