KFFB posts FY net loss of $1.7M; records full $947K goodwill impairment

Kentucky First Federal Bancorp

Goodwill impairment of $947K ($0.12 per share) fully written off; contributes to net loss of $1.1M for Q4 FY24.
FY24 net loss of $1.7M ($0.21 diluted EPS) vs net income of $933K ($0.11 EPS) in FY23.
Net interest income declined 21% YoY to $7.0M; interest expense rose 137.9% to $9.3M due to higher funding costs.
Total assets increased 7.4% to $374.9M; deposits grew 13.2% to $256.1M including $52.0M brokered CDs.
Book value per share $5.94; shareholders' equity decreased 5.4% to $48.0M.

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