secwatch.observer — SEC 8-K summary
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Issuer:     Kentucky First Federal Bancorp (KFFB)
CIK:        0001297341
Form:       8-K
Filed at:   2024-09-18T23:59:59+00:00
Accession:  0001213900-24-079744
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297341/000121390024079744/0001213900-24-079744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297341/000121390024079744/ea0214984-8k_kentucky.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-079744

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