Home Federal Bancorp (Nasdaq: HFBL) reported record annual results for the year ended June 30, 2026, with net income rising to $6.174 million from $3.888 million and basic EPS increasing to $2.05 from $1.27. For the June 2026 quarter, net income was $1.428 million versus $1.181 million, with basic EPS of $0.48 versus $0.39.
According to the company, full-year net interest income grew 16.7% to drive a net interest margin of 3.72%, up from 3.23%, while return on average assets improved to 0.99% from 0.63%. Loans grew 3.1% and deposits 5.7% year over year. Book value per share increased to $19.31 from $17.90, and stockholders’ equity rose 6.4% to $58.757 million, after funding $3.333 million of share repurchases and $1.663 million of dividends.
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Positive
Annual net income up to $6.174 million from $3.888 million
Annual basic EPS increased to $2.05 from $1.27
Net interest margin rose 49 bps to 3.72% for fiscal 2026
Net interest income grew $3.118 million, or 16.7%, year over year
Total deposits increased $31.002 million, or 5.7%, to $577.292 million
Book value per share increased to $19.31 from $17.90
Negative
Provision for credit losses increased $720,000, or 571.4%, year over year
Non-performing assets rose to $3.649 million from $3.305 million
Quarterly non-interest expense up $418,000, or 10.3%, versus prior-year quarter
Other real estate owned write-down expense increased by $200,000 for the year
News Explained
Option exercises added common-stock issuance alongside repurchases and dividends, making the near-term ownership effect mixed for existing holders.
On July 30, 2026, Home Federal Bancorp reported historical results for the fiscal year ended June 30, 2026; its equity bridge includes $1.838 million from common-stock issued when stock options were exercised.
That issuance adds shares to the total count, which can reduce an existing holder’s percentage ownership absent offsetting changes; the same bridge also includes $3.333 million of repurchases and $1.663 million of dividends.
At June 30, 2026, non-performing assets were $3.649 million, compared with $3.305 million a year earlier, while the company reported no loans classified as doubtful in either period.
News Market Reaction – HFBL
+1.54%
+1.54%Session close to close
In the Jul 31 session, HFBL gained 1.54%, reflecting a mild positive market reaction.
Shreveport, Louisiana , July 30, 2026 (GLOBE NEWSWIRE) -- Home Federal Bancorp, Inc. of Louisiana (the “Company”) (Nasdaq: HFBL), the holding company of Home Federal Bank, reported the highest annual earnings in the Company’s history. The Company reported net income for the three months ended June 30, 2026, of $1.428 million compared to net income of $1.181 million reported for the three months ended June 30, 2025. The Company’s basic and diluted earnings per share were $0.48 and $0.46, respectively, for the three months ended June 30, 2026, compared to $0.39 and $0.38, respectively, for the three months ended June 30, 2025. The Company reported net income of $6.174 million for the year ended June 30, 2026, compared to $3.888 million for the year ended June 30, 2025. The Company’s basic and diluted earnings per share were $2.05 and $2.02, respectively, for the year ended June 30, 2026, compared to $1.27 and $1.26, respectively, for the year ended June 30, 2025.
The Company reported the following highlights during the year ended June 30, 2026:
●
Net interest margin increased 49 basis points to 3.72% for the year ended June 30, 2026, compared to 3.23% for the same period in 2025.
●
Return on average assets increased 36 basis points to 0.99% for the year ended June 30, 2026, compared to 0.63% for the same period in 2025.
●
Book value per share increased to $19.31 at June 30, 2026, from $17.90 at June 30, 2025.
●
Loans increased $14.350 million, or 3.1%, since June 30, 2025, funded by deposit growth of $31.002 million, or 5.7%, over the same period.
The increase in net income for the three months ended June 30, 2026, as compared to the same period in 2025, resulted from an increase of $771,000, or 15.5%, in net interest income, and an increase of $84,000 or 12.4%, in non-interest income, partially offset by an increase of $418,000, or 10.3%, in non-interest expense, an increase of $127,000, or 276.1%, in the provision for credit losses, and an increase of $63,000, or 16.8%, in the provision for income taxes. The increase in net interest income for the three months ended June 30, 2026, as compared to the same period in 2025, resulted from an increase of $772,000, or 10.1%, in total interest income. The Company’s average interest rate spread was 3.16% for the three months ended June 30, 2026, compared to 2.89% for the three months ended June 30, 2025. The Company’s net interest margin was 3.82% for the three months ended June 30, 2026, compared to 3.52% for the three months ended June 30, 2025.
The increase in net income for the year ended June 30, 2026, as compared to the same period in 2025 resulted primarily from an increase of $3.118 million, or 16.7%, in net interest income, an increase of $667,000, or 33.3%, in non-interest income, and a decrease of $66,000, or 0.4%, in non-interest expense, partially offset by an increase of $845,000, or 110.3%, in provision for income taxes and an increase of $720,000, or 571.4%, in the provision for credit losses. The increase in net interest income for the year ended June 30, 2026, as compared to the same period in 2025, was primarily due to an increase of $2.036 million, or 6.7%, in total interest income, and a decrease of $1.082 million, or 9.2%, in total interest expense. The Company’s average interest rate spread was 3.07% for the year ended June 30, 2026, compared to 2.55% for the year ended June 30, 2025. The Company’s net interest margin was 3.72% for the year ended June 30, 2026, compared to 3.23% for the year ended June 30, 2025. The increase in the provision for credit losses was primarily attributable to growth in the loan portfolio and additional reserve allocations on certain existing problem loans based on updated valuation reports.
The following tables set forth the Company’s average balances and average yields earned and rates paid on its interest-earning assets and interest-bearing liabilities for the periods indicated.
For the Three Months Ended June 30,
2026
2025
Average Balance
Average Yield/Rate
Average Balance
Average Yield/Rate
(Dollars in thousands)
Interest-earning assets:
Loans receivable
$
477,021
6.34
%
$
458,504
6.05
%
Investment securities
99,260
2.53
95,524
2.72
Interest-earning deposits
26,596
3.69
12,581
2.26
Total interest-earning assets
$
602,877
5.60
%
$
566,609
5.41
%
Interest-bearing liabilities:
Savings accounts
$
90,807
1.43
%
$
94,333
1.74
%
NOW accounts
62,366
1.09
68,425
1.16
Money market accounts
67,441
1.99
75,492
2.05
Certificates of deposit
213,947
3.33
180,979
3.53
Total interest-bearing deposits
434,561
2.40
419,229
2.48
Other bank borrowings
3,556
6.88
4,101
7.43
FHLB advances
-
-
55
-
Total interest-bearing liabilities
$
438,117
2.44
%
$
423,385
2.52
%
For the Year Ended June 30,
2026
2025
Average Balance
Average Yield/Rate
Average Balance
Average Yield/Rate
(Dollars in thousands)
Interest-earning assets:
Loans receivable
$
472,273
6.25
%
$
460,356
5.94
%
Investment securities
97,900
2.37
96,178
2.36
Interest-earning deposits
16,226
4.10
20,647
4.12
Total interest-earning assets
$
586,399
5.54
%
$
577,181
5.28
%
Interest-bearing liabilities:
Savings accounts
$
92,442
1.54
%
$
90,458
1.71
%
NOW accounts
64,807
1.13
70,375
1.17
Money market accounts
69,522
1.97
76,494
2.16
Certificates of deposit
202,987
3.40
189,204
3.92
Total interest-bearing deposits
429,758
2.43
426,531
2.68
Other bank borrowings
3,852
7.06
4,650
7.53
FHLB advances
350
3.71
14
-
Total interest-bearing liabilities
$
433,960
2.47
%
$
431,195
2.73
%
The $84,000 increase in non-interest income for the three months ended June 30, 2026, compared to the same period in 2025, resulted from an increase of $34,000 in gain on sale of loans, an increase of $26,000 in service charges on deposit accounts, and an increase of $26,000 in other non-interest income, partially offset by a decrease of $1,000 in income on bank owned life insurance, and a decrease of $1,000 in gain on sale of real estate. The $667,000 increase in non-interest income for the year ended June 30, 2026, compared to the same period in 2025, resulted from an increase of $258,000 in gain on sale of loans, a decrease of $247,000 in loss on sale of real estate, an increase of $144,000 in service charges on deposit accounts, an increase of $14,000 in other non-interest income, and a decrease of $6,000 in loss on sale of securities, partially offset by a decrease of $2,000 in income on bank owned life insurance.
The $418,000 increase in non-interest expense for the three months ended June 30, 2026, compared to the same period in 2025, resulted from increases of $200,000 in other real estate owned write-down expense, $166,000 in compensation and benefits, $19,000 in deposit insurance premium, $17,000 in advertising, $16,000 in loan and collection, $14,000 in data processing, $8,000 in occupancy and equipment, $7,000 in professional fees, and $7,000 in other expenses, partially offset by decreases of $16,000 in amortization core deposit intangible, $15,000 in franchise and bank shares tax, and $5,000 in audit and examination fees. The $66,000 decrease in non-interest expense for the year ended June 30, 2026, compared to the same period in 2025, resulted from decreases of $186,000 in audit and examination fees, $89,000 in compensation and benefits, $89,000 in data processing, $44,000 in amortization core deposit intangible, $22,000 in advertising, $18,000 in professional fees, and $10,000 in franchise and bank shares tax, partially offset by increases of $200,000 in other real estate owned write-down expense, $105,000 in other expenses, $33,000 in deposit insurance premium, $30,000 in occupancy and equipment, and $24,000 in loan and collection. The $200,000 increase in other real estate owned write-down expense for the three months and year ended June 30, 2026, compared to the same periods in 2025, related to the value of one large commercial property which was adjusted to reflect current market sentiment. No further adjustments are expected at this time.
Total assets increased $33.838 million, or 5.6%, from $609.492 million at June 30, 2025 to $643.330 million at June 30, 2026. The increase in assets resulted from increases in cash and cash equivalents of $16.957 million, or 97.8%, from $17.347 million at June 30, 2025 to $34.304 million at June 30, 2026, net loans receivable of $14.487 million, or 3.1%, from $461.004 million at June 30, 2025 to $475.491 million at June 30, 2026, investment securities of $3.787 million, or 3.9%, from $96.230 million at June 30, 2025 to $100.017 million at June 30, 2026, other assets of $115,000, or 8.8%, from $1.305 million at June 30, 2025 to $1.420 million at June 30, 2026, loans-held-for-sale of $114,000, or 7.4%, from $1.540 million at June 30, 2025 to $1.654 million at June 30, 2026, bank owned life insurance of $114,000, or 1.6%, from $6.926 million at June 30, 2025 to $7.040 million at June 30, 2026, and accrued interest receivable of $59,000, or 3.2%, from $1.836 million at June 30, 2025 to $1.895 million at June 30, 2026, partially offset by decreases in premises and equipment of $1.093 million, or 6.3%, from $17.266 million at June 30, 2025 to $16.173 million at June 30, 2026, real estate owned of $357,000, or 36.8%, from $970,000 at June 30, 2025 to $613,000 at June 30, 2026, core deposit intangible of $240,000, or 26.2%, from $915,000 at June 30, 2025 to $675,000 at June 30, 2026, and deferred tax asset of $105,000, or 9.0%, from $1.163 million at June 30, 2025 to $1.058 million at June 30, 2026.
Total liabilities increased $30.286 million, or 5.5%, from $554.287 million at June 30, 2025 to $584.573 million at June 30, 2026. The increase in liabilities resulted from an increase in total deposits of $31.002 million, or 5.7%, from $546.290 million at June 30, 2025 to $577.292 million at June 30, 2026, partially offset by decreases in other borrowings of $444,000, or 11.1%, from $4.000 million at June 30, 2025 to $3.556 million at June 30, 2026, other accrued expenses and liabilities of $240,000, or 6.9%, from $3.454 million at June 30, 2025 to $3.214 million at June 30, 2026, and advances from borrowers for taxes and insurance of $32,000, or 5.9%, from $543,000 at June 30, 2025 to $511,000 at June 30, 2026. The increase in deposits resulted from increases in certificates of deposit of $34.756 million, or 18.6%, from $187.357 million at June 30, 2025 to $222.113 million at June 30, 2026, and non-interest bearing deposits of $15.643 million, or 12.8%, from $122.416 million at June 30, 2025 to $138.059 million at June 30, 2026, partially offset by decreases in money market deposits of $7.793 million, or 10.6%, from $73.771 million at June 30, 2025 to $65.978 million at June 30, 2026, NOW accounts of $7.182 million, or 10.7%, from $67.119 million at June 30, 2025 to $59.937 million at June 30, 2026, and savings deposits of $4.422 million, or 4.6%, from $95.627 million at June 30, 2025 to $91.205 million at June 30, 2026.
At June 30, 2026, the Company had $3.649 million of non-performing assets (defined as non-accruing loans, accruing loans 90 days or more past due, and other real estate owned) compared to $3.305 million of non-performing assets at June 30, 2025, consisting of sixteen one-to-four family residential loans, two home equity loans, one commercial non-real estate loan, one commercial real estate loan, one commercial real estate property in other real estate owned, and two residential lots in other real estate owned at June 30, 2026, compared to six one-to-four family residential loans, two home equity loans, three commercial non-real estate loans, two commercial real estate loans and one single-family residence in other real estate owned at June 30, 2025. At June 30, 2026 the Company had sixteen one-to-four family residential loans, two home equity loans, one commercial non-real estate loan, one consumer loan, and one commercial real estate loan classified as substandard, compared to eight one-to-four family residential loans, five commercial non-real estate loans, two home equity loans, two commercial real estate loans and one consumer loan classified as substandard at June 30, 2025. There were no loans classified as doubtful at June 30, 2026, or June 30, 2025.
Stockholders’ equity increased $3.552 million, or 6.4%, from $55.205 million at June 30, 2025 to $58.757 million at June 30, 2026. The increase in stockholders’ equity resulted from net income for the year ended June 30, 2026 of $6.174 million, proceeds from the issuance of common stock from the exercise of stock options of $1.838 million, a decrease in the Company’s accumulated other comprehensive loss of $72,000, and the vesting of restricted stock awards, stock options, and the release of employee stock ownership plan shares totaling $464,000, partially offset by stock repurchases of $3.333 million and dividends paid totaling $1.663 million.
Home Federal Bancorp, Inc. of Louisiana is the holding company for Home Federal Bank which conducts business from its ten full-service banking offices and home office in northwest Louisiana.
Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like “believe”, “expect”, “anticipate”, “estimate”, and “intend”, or future or conditional verbs such as “will”, “would”, “should”, “could”, or “may”. We undertake no obligation to update any forward-looking statements.
In addition to factors previously disclosed in the reports filed by the Company with the Securities and Exchange Commission and those identified elsewhere in this press release, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: the strength of the United States economy in general and the strength of the local economies in which the Company conducts its operations; general economic conditions; legislative and regulatory changes; monetary and fiscal policies of the federal government; changes in tax policies, rates and regulations of federal, state and local tax authorities including the effects of the Tax Reform Act; changes in interest rates, deposit flows, the cost of funds, demand for loan products and the demand for financial services, competition, changes in the quality or composition of the Company’s loans, investment and mortgage-backed securities portfolios; geographic concentration of the Company’s business; fluctuations in real estate values; the adequacy of loan loss reserves; the risk that goodwill and intangibles recorded in the Company’s financial statements will become impaired; changes in accounting principles, policies or guidelines and other economic, competitive, governmental and technological factors affecting the Company’s operations, markets, products, services and fees.
HOME FEDERAL BANCORP, INC. OF LOUISIANA CONSOLIDATED BALANCE SHEETS
(In thousands except share and per share data)
June 30, 2026
June 30, 2025
(Unaudited)
ASSETS
Cash and Cash Equivalents (Includes Interest-Bearing Deposits with Other Banks of $28,135 and $10,380 at June 30, 2026, and June 30, 2025, Respectively)
$
34,304
$
17,347
Securities Available-for-Sale (amortized cost June 30, 2026: $45,980; June 30, 2025: $36,695, Respectively)
43,624
34,246
Securities Held-to-Maturity (fair value June 30, 2026: $46,658; June 30, 2025: $51,139, Respectively)
55,439
61,334
Other Securities
954
650
Loans Held-for-Sale
1,654
1,540
Loans Receivable, Net of Allowance for Credit Losses (June 30, 2026: $4,926; June 30, 2025: $4,484, Respectively)
475,491
461,004
Accrued Interest Receivable
1,895
1,836
Premises and Equipment, Net
16,173
17,266
Bank Owned Life Insurance
7,040
6,926
Goodwill
2,990
2,990
Core Deposit Intangible
675
915
Deferred Tax Asset
1,058
1,163
Real Estate Owned
613
970
Other Assets
1,420
1,305
Total Assets
$
643,330
$
609,492
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES
Deposits:
Non-interest bearing
$
138,059
$
122,416
Interest-bearing
439,233
423,874
Total Deposits
577,292
546,290
Advances from Borrowers for Taxes and Insurance
511
543
Other Borrowings
3,556
4,000
Other Accrued Expenses and Liabilities
3,214
3,454
Total Liabilities
584,573
554,287
STOCKHOLDERS’ EQUITY
Preferred Stock - $0.01 Par Value; 10,000,000 Shares Authorized: None Issued and Outstanding
-
-
Common Stock - $0.01 Par Value; 40,000,000 Shares Authorized: 3,042,451 and 3,084,764 Shares Issued and Outstanding at June 30, 2026 and June 30, 2025, Respectively
34
32
Additional Paid-in Capital
44,429
42,187
Unearned ESOP Stock
(263
)
(321
)
Retained Earnings
16,419
15,241
Accumulated Other Comprehensive Loss
(1,862
)
(1,934
)
Total Stockholders’ Equity
58,757
55,205
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
$
643,330
$
609,492
HOME FEDERAL BANCORP, INC. OF LOUISIANA
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands except per share data)
Three Months Ended
Year Ended
June 30,
June 30,
2026
2025
2026
2025
(Unaudited)
(Unaudited)
INTEREST INCOME
Loans, including fees
$
7,539
$
6,920
$
29,510
$
27,346
Investment securities
26
112
56
325
Mortgage-backed securities
600
535
2,266
1,941
Other interest-earning assets
245
71
666
850
Total interest income
8,410
7,638
32,498
30,462
INTEREST EXPENSE
Deposits
2,605
2,589
10,424
11,441
Federal Home Loan Bank borrowings
-
-
13
-
Other bank borrowings
61
76
272
350
Total interest expense
2,666
2,665
10,709
11,791
Net interest income
5,744
4,973
21,789
18,671
PROVISION FOR (RECOVERY OF) CREDIT LOSSES
173
46
594
(126
)
Net interest income after provision for credit losses
5,571
4,927
21,195
18,797
NON-INTEREST INCOME
Gain (Loss) on sale of loans
237
203
642
384
Gain (Loss) on sale of real estate
-
1
(18
)
(265
)
Gain (Loss) on sale of securities
-
-
-
(6
)
Income on bank owned life insurance
28
29
114
116
Service charges on deposit accounts
429
403
1,712
1,568
Other income
69
43
222
208
Total non-interest income
763
679
2,672
2,005
NON-INTEREST EXPENSE
Compensation and benefits
2,439
2,273
8,851
8,940
Occupancy and equipment
651
643
2,384
2,354
Data processing
346
332
1,350
1,439
Audit and examination fees
119
124
411
597
Franchise and bank shares tax
120
135
429
439
Advertising
39
22
123
145
Professional fees
106
99
477
495
Loan and collection
46
30
158
134
Amortization core deposit intangible
52
68
240
284
Deposit insurance premium
99
80
380
347
Other real estate owned write-down expense
200
-
200
-
Other expenses
252
245
1,079
974
Total non-interest expense
4,469
4,051
16,082
16,148
Income before income taxes
1,865
1,555
7,785
4,654
PROVISION FOR INCOME TAX EXPENSE
437
374
1,611
766
NET INCOME
$
1,428
$
1,181
$
6,174
$
3,888
EARNINGS PER SHARE
Basic
$
0.48
$
0.39
$
2.05
$
1.27
Diluted
$
0.46
$
0.38
$
2.02
$
1.26
Three Months Ended
Year Ended
June 30,
June 30,
2026
2025
2026
2025
Selected Operating Ratios(1):
Average interest rate spread
3.16
%
2.89
%
3.07
%
2.55
%
Net interest margin
3.82
%
3.52
%
3.72
%
3.23
%
Return on average assets
0.89
%
0.78
%
0.99
%
0.63
%
Return on average equity
9.73
%
8.64
%
10.70
%
7.31
%
Asset Quality Ratios(2):
Non-performing assets as a percent of total assets
0.57
%
0.54
%
0.57
%
0.54
%
Allowance for credit losses as a percent of non-performing loans
162.27
%
191.99
%
162.27
%
191.99
%
Allowance for credit losses as a percent of total loans receivable
1.03
%
0.96
%
1.03
%
0.96
%
Per Share Data:
Shares outstanding at period end
3,042,451
3,084,764
3,042,451
3,084,764
Weighted average shares outstanding:
Basic
3,003,486
3,032,234
3,012,800
3,054,254
Diluted
3,075,395
3,065,150
3,063,875
3,076,694
Book value per share at period end
$
19.31
$
17.90
$
19.31
$
17.90
_______________________
(1) Ratios for the three-month period are annualized.
(2) Asset quality ratios are end of period ratios.
James R. Barlow
Chairman of the Board, President and Chief Executive Officer
(318) 222-1145
FAQ
How did Home Federal Bancorp (HFBL) perform financially in fiscal year 2026?
Home Federal Bancorp reported net income of $6.174 million for fiscal 2026, up from $3.888 million. According to the company, basic EPS rose to $2.05 from $1.27, supported by higher net interest income and improved net interest margin.
What were Home Federal Bancorp (HFBL) earnings for the quarter ended June 30, 2026?
For the June 30, 2026 quarter, Home Federal Bancorp earned $1.428 million, up from $1.181 million a year earlier. According to the company, basic EPS increased to $0.48 from $0.39 as net interest income and non-interest income both grew.
How did net interest margin and spread change for HFBL in 2026?
Home Federal Bancorp’s 2026 net interest margin was 3.72%, up from 3.23%, and average interest rate spread was 3.07% versus 2.55%. According to the company, higher total interest income and lower interest expense contributed to these margin and spread improvements.
What happened to Home Federal Bancorp (HFBL) loans and deposits in fiscal 2026?
Loans increased by $14.350 million, or 3.1%, and deposits grew by $31.002 million, or 5.7%, year over year. According to the company, total assets reached $643.330 million, driven mainly by growth in cash, loans, and investment securities.
Did Home Federal Bancorp (HFBL) see changes in credit quality and provisions in 2026?
Yes. Provision for credit losses rose by $720,000, or 571.4%, and non-performing assets increased to $3.649 million. According to the company, higher provisions reflected loan portfolio growth and additional reserves on certain existing problem loans based on updated valuations.
How did book value and equity change for HFBL as of June 30, 2026?
Book value per share increased to $19.31 from $17.90, and stockholders’ equity rose 6.4% to $58.757 million. According to the company, this reflected net income and stock option exercises, partly offset by $3.333 million of share repurchases and $1.663 million of dividends.
What were the key non-interest income and expense trends for HFBL in 2026?
Non-interest income increased by $667,000, or 33.3%, mainly from higher gains on loan sales and reduced real estate losses. According to the company, non-interest expense decreased by $66,000 for the year, despite a $200,000 increase in other real estate owned write-down expense.
