If Bancorp Inc Financials
This page shows If Bancorp Inc (IROQ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Balance-sheet earnings improved in FY2025, but returns still hinge more on funding costs than on modest asset growth.
From FY2023 to FY2025, revenue climbed by$11.3M even as total assets stayed near$888M . Yet net income first fell and then recovered because interest expense remained above$22M , making funding-cost pressure, not volume, the main driver of earnings; ROA improved to0.5% in FY2025 but remained below FY2023, showing a partial recovery rather than a full reset in profitability.
FY2025 operating cash flow of
FY2025 also brought balance-sheet repair: equity rose to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of If Bancorp Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
If Bancorp Inc's revenue grew 5.9% year-over-year to $43.4M, a solid pace of expansion. This earns a growth score of 61/100.
If Bancorp Inc has elevated debt relative to equity (D/E of 9.85), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
If Bancorp Inc has a free cash flow margin of 15.0%, earning a moderate score of 48/100. The company generates positive cash flow after capital investments, but with room for improvement.
If Bancorp Inc generates a 5.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 21/100. This is up from 2.4% the prior year.
If Bancorp Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, If Bancorp Inc generates $1.57 in operating cash flow ($6.8M OCF vs $4.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
If Bancorp Inc generated $43.4M in revenue in fiscal year 2025. This represents an increase of 5.9% from the prior year.
If Bancorp Inc reported $4.3M in net income in fiscal year 2025. This represents an increase of 140.4% from the prior year.
If Bancorp Inc earned $1.37 per diluted share (EPS) in fiscal year 2025. This represents an increase of 140.4% from the prior year.
Cash & Balance Sheet
If Bancorp Inc generated $6.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 220.2% from the prior year.
If Bancorp Inc held $20.1M in cash against $0 in long-term debt as of fiscal year 2025.
If Bancorp Inc paid $0.40 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
If Bancorp Inc had 3M shares outstanding in fiscal year 2025. This represents a decrease of 0.0% from the prior year.
Margins & Returns
If Bancorp Inc's net profit margin was 9.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.5 percentage points from the prior year.
If Bancorp Inc's ROE was 5.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.8 percentage points from the prior year.
Capital Allocation
If Bancorp Inc invested $242K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 2.0% from the prior year.
IROQ Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.5M-5.0% | $11.1M+2.2% | $10.8M+1.9% | $10.6M-3.3% | $11.0M+0.9% | $10.9M+2.4% | $10.7M-1.3% | $10.8M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $3.1M-7.2% | $3.4M-3.6% | $3.5M+1.7% | $3.4M+8.3% | $3.2M+3.8% | $3.1M-0.5% | $3.1M+0.1% | $3.1M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $4.6M-7.0% | $4.9M-3.7% | $5.1M-6.0% | $5.4M-9.5% | $6.0M-1.6% | $6.1M-1.1% | $6.2M-5.8% | $6.5M |
| Income Tax | $494K-3.5% | $512K-7.2% | $552K+45.3% | $380K-17.9% | $463K+112.4% | $218K+118.0% | $100K-58.8% | $243K |
| Net Income | $1.3M-4.6% | $1.4M-3.4% | $1.4M+42.5% | $1.0M-17.1% | $1.2M+92.6% | $633K+46.9% | $431K-39.1% | $708K |
| EPS (Diluted) | $0.41-4.7% | $0.43 | N/A | $0.31-18.4% | $0.38+90.0% | $0.20 | N/A | $0.22 |
IROQ Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $830.4M-3.7% | $862.3M-2.9% | $887.7M+1.0% | $879.1M-0.7% | $885.1M-0.9% | $893.4M+0.6% | $887.7M-1.9% | $905.0M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $8.8M+9.5% | $8.0M-60.0% | $20.1M+126.5% | $8.9M+50.2% | $5.9M-24.1% | $7.8M-18.7% | $9.6M-40.4% | $16.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $743.0M-4.5% | $777.8M-3.5% | $805.8M+0.7% | $800.2M-1.1% | $809.2M-0.7% | $814.7M+0.1% | $813.8M-2.3% | $832.6M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $87.4M+3.4% | $84.5M+3.3% | $81.8M+3.7% | $78.9M+4.0% | $75.9M-3.6% | $78.8M+6.6% | $73.9M+2.1% | $72.4M |
| Retained Earnings | $49.0M+2.8% | $47.6M+1.5% | $46.9M+3.2% | $45.4M+0.8% | $45.1M+2.8% | $43.8M-0.1% | $43.9M+1.1% | $43.4M |
IROQ Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.8M+434.3% | -$539K-118.5% | $2.9M+59.4% | $1.8M+1281.3% | -$155K-107.2% | $2.2M+89.2% | $1.1M+5926.3% | $19K |
| Capital Expenditures | $67K+55.8% | $43K-42.7% | $75K+212.5% | $24K-66.2% | $71K-1.4% | $72K+33.3% | $54K-37.2% | $86K |
| Free Cash Flow | $1.7M+398.1% | -$582K-120.5% | $2.8M+57.4% | $1.8M+899.6% | -$226K-110.8% | $2.1M+91.9% | $1.1M+1728.4% | -$67K |
| Investing Cash Flow | $33.7M+118.3% | $15.4M+300.5% | $3.9M-66.3% | $11.4M+304.2% | $2.8M+169.9% | -$4.0M-135.3% | $11.4M-12.1% | $13.0M |
| Financing Cash Flow | -$34.7M-28.8% | -$26.9M-705.6% | $4.5M+143.2% | -$10.3M-126.2% | -$4.5M-5155.6% | $90K+100.5% | -$19.1M-270.7% | -$5.1M |
| Dividends Paid | N/A | N/A | $643K | $0 | N/A | N/A | $640K | $0 |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
IROQ Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 12.6%+0.1pp | 12.6%-0.7pp | 13.3%+3.8pp | 9.5%-1.6pp | 11.1%+5.3pp | 5.8%+1.8pp | 4.0%-2.5pp | 6.6% |
| Return on Equity | 1.5%-0.1pp | 1.7%-0.1pp | 1.8%+0.5pp | 1.3%-0.3pp | 1.6%+0.8pp | 0.8%+0.2pp | 0.6%-0.4pp | 1.0% |
| Return on Assets | 0.2%0.0pp | 0.2%0.0pp | 0.2%+0.1pp | 0.1%-0.0pp | 0.1%+0.1pp | 0.1%+0.0pp | 0.1%-0.0pp | 0.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 8.50-0.7 | 9.20-0.6 | 9.85-0.3 | 10.14-0.5 | 10.66+0.3 | 10.34-0.7 | 11.01-0.5 | 11.50 |
| FCF Margin | 16.5%+21.7pp | -5.3%-31.5pp | 26.2%+9.2pp | 17.0%+19.0pp | -2.1%-21.2pp | 19.2%+9.0pp | 10.2%+10.8pp | -0.6% |
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Frequently Asked Questions
What is If Bancorp Inc's annual revenue?
If Bancorp Inc (IROQ) reported $43.4M in total revenue for fiscal year 2025. This represents a 5.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is If Bancorp Inc's revenue growing?
If Bancorp Inc (IROQ) revenue grew by 5.9% year-over-year, from $41.0M to $43.4M in fiscal year 2025.
Is If Bancorp Inc profitable?
Yes, If Bancorp Inc (IROQ) reported a net income of $4.3M in fiscal year 2025, with a net profit margin of 9.9%.
What is If Bancorp Inc's net profit margin?
If Bancorp Inc (IROQ) had a net profit margin of 9.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does If Bancorp Inc pay dividends?
Yes, If Bancorp Inc (IROQ) paid $0.40 per share in dividends during fiscal year 2025.
What is If Bancorp Inc's return on equity (ROE)?
If Bancorp Inc (IROQ) has a return on equity of 5.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is If Bancorp Inc's free cash flow?
If Bancorp Inc (IROQ) generated $6.5M in free cash flow during fiscal year 2025. This represents a 220.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is If Bancorp Inc's operating cash flow?
If Bancorp Inc (IROQ) generated $6.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are If Bancorp Inc's total assets?
If Bancorp Inc (IROQ) had $887.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are If Bancorp Inc's capital expenditures?
If Bancorp Inc (IROQ) invested $242K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is If Bancorp Inc's debt-to-equity ratio?
If Bancorp Inc (IROQ) had a debt-to-equity ratio of 9.85 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is If Bancorp Inc's return on assets (ROA)?
If Bancorp Inc (IROQ) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is If Bancorp Inc's Piotroski F-Score?
If Bancorp Inc (IROQ) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are If Bancorp Inc's earnings high quality?
If Bancorp Inc (IROQ) has an earnings quality ratio of 1.57x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is If Bancorp Inc?
If Bancorp Inc (IROQ) scores 22 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.