Home Federal Bancorp (NASDAQ: HFBL) reported Q3 2025 financial results with net income of $748,000 ($0.24 per share), up from $732,000 in Q3 2024. For the nine months ended March 31, 2025, net income was $2.7 million ($0.88 per share), down from $3.0 million in the same period last year.
Key highlights include:
- Net interest margin improved to 3.33% in Q3 2025 from 2.89% in Q3 2024
- Book value per share increased to $17.55 from $16.80
- Total assets decreased 2.8% to $619.6 million
- Net loans decreased 2.7% to $458.3 million
- Total deposits declined 3.0% to $556.8 million
- Non-performing assets increased to $3.0 million from $1.9 million
Home Federal Bancorp (NASDAQ: HFBL) ha riportato i risultati finanziari del terzo trimestre 2025 con un utile netto di 748.000 dollari (0,24 dollari per azione), in aumento rispetto ai 732.000 dollari del terzo trimestre 2024. Nei nove mesi terminati il 31 marzo 2025, l'utile netto è stato di 2,7 milioni di dollari (0,88 dollari per azione), in calo rispetto ai 3,0 milioni dello stesso periodo dell'anno precedente.
I punti salienti includono:
Margine di interesse netto migliorato al 3,33% nel terzo trimestre 2025 rispetto al 2,89% del terzo trimestre 2024
Valore contabile per azione aumentato a 17,55 dollari da 16,80 dollari
Totale attività diminuito del 2,8% a 619,6 milioni di dollari
Prestiti netti diminuiti del 2,7% a 458,3 milioni di dollari
Depositi totali in calo del 3,0% a 556,8 milioni di dollari
Attività deteriorate aumentate a 3,0 milioni di dollari da 1,9 milioni
Home Federal Bancorp (NASDAQ: HFBL) reportó los resultados financieros del tercer trimestre de 2025 con un ingreso neto de 748,000 dólares (0.24 dólares por acción), un aumento respecto a los 732,000 dólares del tercer trimestre de 2024. Para los nueve meses terminados el 31 de marzo de 2025, el ingreso neto fue de 2.7 millones de dólares (0.88 dólares por acción), una disminución respecto a los 3.0 millones del mismo período del año anterior.
Los aspectos destacados incluyen:
Margen neto de interés mejoró a 3.33% en el tercer trimestre de 2025 desde 2.89% en el tercer trimestre de 2024
Valor contable por acción aumentó a 17.55 dólares desde 16.80 dólares
Los activos totales disminuyeron un 2.8% a 619.6 millones de dólares
Los préstamos netos disminuyeron un 2.7% a 458.3 millones de dólares
Los depósitos totales bajaron un 3.0% a 556.8 millones de dólares
Los activos en mora aumentaron a 3.0 millones de dólares desde 1.9 millones
Home Federal Bancorp (NASDAQ: HFBL)는 2025년 3분기 재무 실적을 발표하며 순이익이 748,000달러(주당 0.24달러)로 2024년 3분기의 732,000달러에서 증가했다고 밝혔습니다. 2025년 3월 31일로 끝나는 9개월 동안의 순이익은 270만 달러(주당 0.88달러)로, 전년 동기 300만 달러에서 감소했습니다.
주요 내용은 다음과 같습니다:
순이자마진이 2025년 3분기 3.33%로 2024년 3분기의 2.89%에서 개선됨
주당 장부가치가 16.80달러에서 17.55달러로 상승
총자산이 2.8% 감소하여 6억 1,960만 달러 기록
순대출금이 2.7% 감소하여 4억 5,830만 달러 기록
총예금이 3.0% 감소하여 5억 5,680만 달러 기록
부실자산이 190만 달러에서 300만 달러로 증가
Home Federal Bancorp (NASDAQ : HFBL) a publié ses résultats financiers du troisième trimestre 2025 avec un bénéfice net de 748 000 dollars (0,24 dollar par action), en hausse par rapport à 732 000 dollars au troisième trimestre 2024. Pour les neuf mois clos le 31 mars 2025, le bénéfice net s'est élevé à 2,7 millions de dollars (0,88 dollar par action), en baisse par rapport à 3,0 millions pour la même période l'année précédente.
Les points clés comprennent :
La marge nette d'intérêt s'est améliorée à 3,33% au troisième trimestre 2025, contre 2,89% au troisième trimestre 2024
La valeur comptable par action a augmenté à 17,55 dollars contre 16,80 dollars
Le total des actifs a diminué de 2,8 % pour s'établir à 619,6 millions de dollars
Les prêts nets ont diminué de 2,7 % pour atteindre 458,3 millions de dollars
Les dépôts totaux ont baissé de 3,0 % pour s'établir à 556,8 millions de dollars
Les actifs non performants ont augmenté à 3,0 millions de dollars contre 1,9 million
Home Federal Bancorp (NASDAQ: HFBL) meldete die Finanzergebnisse für das dritte Quartal 2025 mit einem Nettogewinn von 748.000 US-Dollar (0,24 US-Dollar pro Aktie), gegenüber 732.000 US-Dollar im dritten Quartal 2024. Für die neun Monate bis zum 31. März 2025 betrug der Nettogewinn 2,7 Millionen US-Dollar (0,88 US-Dollar pro Aktie), was einem Rückgang gegenüber 3,0 Millionen im gleichen Zeitraum des Vorjahres entspricht.
Wichtige Highlights umfassen:
Nettozinsmarge verbesserte sich im dritten Quartal 2025 auf 3,33% von 2,89% im dritten Quartal 2024
Buchwert je Aktie stieg auf 17,55 US-Dollar von 16,80 US-Dollar
Gesamtvermögen sank um 2,8 % auf 619,6 Millionen US-Dollar
Netto-Kredite sanken um 2,7 % auf 458,3 Millionen US-Dollar
Gesamteinlagen gingen um 3,0 % auf 556,8 Millionen US-Dollar zurück
Notleidende Vermögenswerte stiegen auf 3,0 Millionen US-Dollar von 1,9 Millionen
Positive
Net income increased 2.2% to $748,000 in Q3 2025 from $732,000 in Q3 2024
Net interest margin improved to 3.33% from 2.89% year-over-year
Book value per share increased to $17.55 from $16.80
No FHLB advances and reduced other borrowings to $4.0 million from $7.0 million
Negative
Nine-month net income decreased to $2.7 million from $3.0 million year-over-year
Total assets decreased 2.8% to $619.6 million
Total deposits declined 3.0% to $556.8 million
Non-performing assets increased to $3.0 million from $1.9 million
Insights
HFBL showed quarterly improvement with net income up 2.2%, but nine-month results declined 10% while non-performing assets increased 58%.
Home Federal Bancorp's Q3 FY2025 results present a mixed financial picture with quarterly net income of $748,000, a modest 2.2% increase year-over-year, while nine-month earnings declined to $2.7 million, down 10% from $3.0 million in the prior year period.
The quarterly improvement stemmed from effective interest expense management, with total interest expense decreasing 21.1% despite a 5.9% drop in interest income. This expanded the interest rate spread to 2.66% from 2.16% and improved the net interest margin to 3.33% from 2.89% year-over-year.
The bank's balance sheet contracted, with total assets decreasing 2.8% to $619.6 million since June 2024. The loan portfolio shrank 2.7% to $458.3 million, while total deposits declined 3.0% to $556.8 million. A significant shift occurred in deposit composition—certificates of deposit decreased 15.1% while savings deposits increased 25.2%, contributing to the improved interest spread.
A noteworthy concern is the 58% increase in non-performing assets, which rose to $3.0 million from $1.9 million. While still representing a small percentage of total assets, this deterioration in asset quality signals potential credit challenges.
The bank disclosed a one-time expense related to a billing discrepancy with its core processor dating back to December 2022, contributing to a 6.5% increase in quarterly non-interest expenses.
Despite mixed operating results, the bank's capital position strengthened with shareholders' equity increasing 3.6% to $54.7 million and book value per share improving to $17.55 from $16.80. The bank maintained a conservative funding profile with no brokered deposits or FHLB advances, while reducing other borrowings by 42.9% to $4.0 million.
Shreveport, Louisiana, May 01, 2025 (GLOBE NEWSWIRE) -- Home Federal Bancorp, Inc. of Louisiana (the “Company”) (Nasdaq: HFBL), the holding company of Home Federal Bank, reported net income for the three months ended March 31, 2025, of $748,000 compared to net income of $732,000 reported for the three months ended March 31, 2024. The Company’s basic and diluted earnings per share were $0.24 for the three months ended March 31, 2025 and for the three months ended March 31, 2024. The Company reported net income of $2.7 million for the nine months ended March 31, 2025, compared to $3.0 million for the nine months ended March 31, 2024. The Company’s basic and diluted earnings per share were $0.88 for the nine months ended March 31, 2025 compared to $0.97 and $0.95, respectively, for the nine months ended March 31, 2024.
The Company reported the following highlights during the nine months ended March 31, 2025:
●
Book value per share increased to $17.55 at March 31, 2025 from $16.80 at June 30, 2024.
●
There were no advances from the FHLB at March 31, 2025 or June 30, 2024.
●
Other borrowings totaled $4.0 million at March 31, 2025 compared to $7.0 million at June 30, 2024.
The increase in net income for the three months ended March 31, 2025, as compared to the same period in 2024, resulted primarily from an increase of $270,000, or 6.1%, in net interest income, an increase of $32,000, or 6.3%, in non-interest income, and a decrease of $5,000, or 45.5%, in the provision for credit losses, partially offset by an increase of $260,000, or 6.5%, in non-interest expense and an increase of $31,000, or 17.6%, in the provision for income taxes. The increase in net interest income for the three months ended March 31, 2025, as compared to the same period in 2024, was primarily due to a decrease of $735,000, or 21.1%, in total interest expense, partially offset by a decrease of $465,000, or 5.9%, in total interest income. The Company’s average interest rate spread was 2.66% for the three months ended March 31, 2025, compared to 2.16% for the three months ended March 31, 2024. The Company’s net interest margin was 3.33% for the three months ended March 31, 2025, compared to 2.89% for the three months ended March 31, 2024.
The decrease in net income for the nine months ended March 31, 2025, as compared to the same period in 2024, resulted primarily from a decrease of $891,000, or 6.1%, in net interest income and an increase of $102,000, or 35.2%, in the provision for income taxes, partially offset by a decrease of $331,000, or 2.7%, in non-interest expense, an increase of $248,000, or 23.0%, in non-interest income, and an increase of $167,000 in the recovery of credit losses. The decrease in net interest income for the nine months ended March 31, 2025, as compared to the same period in 2024, was primarily due to a decrease of $1.2 million, or 5.1%, in total interest income, partially offset by a decrease of $329,000, or 3.5%, in total interest expense. The Company’s average interest rate spread was 2.44% for the nine months ended March 31, 2025, compared to 2.46% for the nine months ended March 31, 2024. The Company’s net interest margin was 3.14% for the nine months ended March 31, 2025, and the nine months ended March 31, 2024.
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 March 31,
2025
2024
Average Balance
Average Yield/Rate
Average Balance
Average Yield/Rate
(Dollars in thousands)
Interest-earning assets:
Loans receivable
$
459,828
5.94
%
$
504,918
5.80
%
Investment securities
95,706
2.44
104,646
2.21
%
Interest-earning deposits
14,513
3.05
3,607
3.79
%
Total interest-earning assets
$
570,047
5.28
%
$
613,171
5.18
%
Interest-bearing liabilities:
Savings accounts
$
94,375
1.75
%
$
69,178
0.62
%
NOW accounts
69,562
1.15
68,170
0.58
%
Money market accounts
75,882
2.01
89,313
2.60
%
Certificates of deposit
182,721
3.76
222,534
4.36
%
Total interest-bearing deposits
422,540
2.57
449,195
2.86
%
Other bank borrowings
4,000
7.71
9,448
8.73
%
FHLB advances
-
-
5,956
5.87
%
Total interest-bearing liabilities
$
426,540
2.62
%
$
464,599
3.02
%
For the Nine months ended March 31,
2025
2024
Average Balance
Average Yield/Rate
Average Balance
Average Yield/Rate
(Dollars in thousands)
Interest-earning assets:
Loans receivable
$
460,972
5.90
%
$
503,664
5.80
%
Investment securities
96,395
2.24
109,255
2.38
%
Interest-earning deposits
23,326
4.45
5,060
3.55
Total interest-earning assets
$
580,693
5.24
%
$
617,979
5.18
%
Interest-bearing liabilities:
Savings accounts
$
89,171
1.69
%
$
73,676
0.46
%
NOW accounts
71,022
1.17
67,145
0.47
%
Money market accounts
76,828
2.20
98,021
2.44
%
Certificates of deposit
191,936
4.04
209,985
4.05
%
Total interest-bearing deposits
428,957
2.75
448,827
2.58
%
Other bank borrowings
4,832
7.55
9,100
8.57
%
FHLB advances
-
-
4,151
5.77
%
Total interest-bearing liabilities
$
433,789
2.80
%
$
462,078
2.72
%
The $32,000 increase in non-interest income for the three months ended March 31, 2025, compared to the prior year quarterly period, was primarily due to an increase of $27,000 in other non-interest income, an increase of $19,000 in service charges on deposit accounts, an increase of $11,000 in gain on sale of loans, and an increase of $1,000 in income on bank owned life insurance, partially offset by a decrease of $26,000 in gain on sale of securities. The $248,000 increase in non-interest income for the nine months ended March 31, 2025 compared to the prior year nine-month period was primarily due to a decrease of $149,000 in loss on sale of real estate, an increase of $115,000 in other non-interest income, an increase of $14,000 in service charges on deposit accounts, and an increase of $5,000 in income from bank owned life insurance, partially offset by an increase of $32,000 in loss on sale of securities, and a decrease of $3,000 in gain on sale of loans.
The $260,000 increase in non-interest expense for the three months ended March 31, 2025, compared to the same period in 2024, is primarily attributable to increases of $414,000 in data processing expense, $77,000 in occupancy and equipment expense, $67,000 in audit and examination fees, $49,000 in professional fees, $40,000 in other non-interest expense, $15,000 in loan and collection expense, and $12,000 in deposit insurance premium expense. The increases were partially offset by decreases of $317,000 in compensation and benefits expense, $55,000 in advertising expense, $33,000 in franchise and bank shares tax expense, and $9,000 in amortization of core deposit intangible expense. The $331,000 decrease in non-interest expense for the nine months ended March 31, 2025, compared to the same nine-month period in 2024, is primarily attributable to decreases of $470,000 in compensation and benefits expense, $184,000 in franchise and bank shares tax expense, $179,000 in advertising expense, $65,000 in other non-interest expense, $47,000 in professional fees, $42,000 in amortization of core deposit intangible expense, $22,000 in deposit insurance premium expense, and $19,000 in loan and collection expense. The decreases were partially offset by increases of $594,000 in data processing expense, $86,000 in occupancy and equipment expense, and $17,000 in audit and examination fees. The increase in data processing expense resulted from a billing discrepancy with our core processor, which had failed to issue invoices for certain services dating back to December 2022. Upon discovery of the issue, we negotiated a discounted settlement to resolve the outstanding invoices.
Total assets decreased $17.9 million, or 2.8%, from $637.5 million at June 30, 2024 to $619.6 million at March 31, 2025. The decrease in assets was comprised of decreases in net loans receivable of $12.6 million, or 2.7%, from $470.9 million at June 30, 2024 to $458.3 million at March 31, 2025, cash and cash equivalents of $4.5 million, or 12.9%, from $34.9 million at June 30, 2024 to $30.4 million at March 31, 2025, premises and equipment of $736,000, or 4.0%, from $18.3 million at June 30, 2024 to $17.6 million at March 31, 2025, loans-held-for-sale of $734,000, or 42.4%, from $1.7 million at June 30, 2024 to $999,000 at March 31, 2025, core deposit intangible of $216,000, or 18.0%, from $1.2 million at June 30, 2024 to $983,000 at March 31, 2025, investment securities of $102,000, or 0.1%, from $96.0 million at June 30, 2024 to $95.9 million at March 31, 2025, and partially offset by increases in real estate owned of $482,000, or 115.3% from $418,000 at June 30, 2024 to $900,000 at March 31, 2025, deferred tax asset of $186,000, or 15.7%, from $1.2 million at June 30, 2024 to $1.4 million at March 31, 2025, other assets of $178,000, or 13.2%, from $1.3 million at June 30, 2024 to $1.5 million at March 31, 2025, bank owned life insurance of $87,000, or 1.3%, from $6.8 million at June 30, 2024 to $6.9 million at March 31, 2025, and accrued interest receivable of $27,000, or 1.5%, from $1.78 million at June 30, 2024 to $1.8 million at March 31, 2025.
Total liabilities decreased $19.8 million, or 3.4%, from $584.7 million at June 30, 2024 to $564.9 million at March 31, 2025. The decrease in liabilities was comprised of decreases in total deposits of $17.2 million, or 3.0%, from $574.0 million at June 30, 2024 to $556.8 million at March 31, 2025, other borrowings of $3.0 million, or 42.9%, from $7.0 million at June 30, 2024 to $4.0 million at March 31, 2025, advances from borrowers for taxes and insurance of $137,000, or 26.3%, from $521,000 at June 30, 2024 to $384,000 at March 31, 2025, and partially offset by an increase in other accrued expenses and liabilities of $577,000, or 18.1%, from $3.2 million at June 30, 2024 to $3.8 million at March 31, 2025. The decrease in deposits resulted from decreases in certificates of deposit of $32.5 million, or 15.1%, from $214.9 million at June 30, 2024 to $182.4 million at March 31, 2025, money market deposits of $5.7 million, or 6.6%, from $85.5 million at June 30, 2024 to $79.9 million at March 31, 2025, and non-interest deposits of $535,000, or 0.4%, from $130.3 million at June 30, 2024 to $129.8 million at March 31, 2025, partially offset by increases in savings deposits of $19.3 million, or 25.2%, from $76.6 million at June 30, 2024 to $96.0 million at March 31, 2025, and NOW accounts of $2.1 million, or 3.1%, from $66.6 million at June 30, 2024 to $68.7 million at March 31, 2025. The Company had no balances in brokered deposits at March 31, 2025 or June 30, 2024.
At March 31, 2025, the Company had $3.0 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 $1.9 million of non-performing assets at June 30, 2024, consisting of six one-to-four family residential loans, six home equity loans, two commercial non-real estate loans, two commercial real-estate loans, and one consumer loan at March 31, 2025, compared to five one-to-four family residential loans, four home equity loans, three commercial non-real estate loans, and three single-family residences in other real estate owned at June 30, 2024. At March 31, 2025 the Company had nine one-to-four family residential loans, six home equity loans, five commercial non-real-estate loans, two commercial real-estate loans, and two consumer loans classified as substandard, compared to six one-to-four family residential loans, five commercial non-real-estate loans, four home equity loans and one consumer loan classified as substandard at June 30, 2024. There were no loans classified as doubtful at March 31, 2025 or June 30, 2024.
Shareholders’ equity increased $1.9 million, or 3.6%, from $52.8 million at June 30, 2024 to $54.7 million at March 31, 2025. The increase in shareholders’ equity was comprised of net income for the nine-month period of $2.7 million, a decrease in the Company’s accumulated other comprehensive loss of $559,000, the vesting of restricted stock awards, stock options, and the release of employee stock ownership plan shares totaling $370,000, and proceeds from the issuance of common stock from the exercise of stock options of $19,000, partially offset by dividends paid totaling $1.2 million, and stock repurchases of $517,000.
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)
March 31, 2025
June 30, 2024
(Unaudited)
ASSETS
Cash and Cash Equivalents (Includes Interest-Bearing Deposits with Other Banks of $22,197 and $25,505 at March 31, 2025 and June 30, 2024, Respectively)
$
30,439
$
34,948
Securities Available-for-Sale (amortized cost March 31, 2025: $34,751; June 30, 2024: $30,348, Respectively)
32,149
27,037
Securities Held-to-Maturity (fair value March 31, 2025: $52,428; June 30, 2024: $54,450, Respectively)
63,066
67,302
Other Securities
636
1,614
Loans Held-for-Sale
999
1,733
Loans Receivable, Net of Allowance for Credit Losses (March 31, 2025: $4,632; June 30, 2024: $4,574, Respectively)
458,301
470,852
Accrued Interest Receivable
1,802
1,775
Premises and Equipment, Net
17,567
18,303
Bank Owned Life Insurance
6,897
6,810
Goodwill
2,990
2,990
Core Deposit Intangible
983
1,199
Deferred Tax Asset
1,367
1,181
Real Estate Owned
900
418
Other Assets
1,528
1,350
Total Assets
$
619,624
$
637,512
LIABILITIES AND SHAREHOLDERS’ EQUITY
LIABILITIES
Deposits:
Non-interest bearing
$
129,799
$
130,334
Interest-bearing
426,964
443,673
Total Deposits
556,763
574,007
Advances from Borrowers for Taxes and Insurance
384
521
Other Borrowings
4,000
7,000
Other Accrued Expenses and Liabilities
3,758
3,181
Total Liabilities
564,905
584,709
SHAREHOLDERS’ 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: 3,118,764 and 3,142,168 Shares Issued and Outstanding at March 31, 2025 and June 30, 2024, Respectively
32
32
Additional Paid-in Capital
42,055
41,739
Unearned ESOP Stock
(336
)
(408
)
Retained Earnings
15,024
14,055
Accumulated Other Comprehensive Loss
(2,056
)
(2,615
)
Total Shareholders’ Equity
54,719
52,803
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
$
619,624
$
637,512
HOME FEDERAL BANCORP, INC. OF LOUISIANA CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share data)
(Unaudited)
Three Months Ended
Nine months ended
March 31,
March 31,
2025
2024
2025
2024
Interest income
Loans, including fees
$
6,740
$
7,281
$
20,426
$
21,952
Investment securities
83
124
213
573
Mortgage-backed securities
493
451
1,406
1,384
Other interest-earning assets
109
34
779
135
Total interest income
7,425
7,890
22,824
24,044
Interest expense
Deposits
2,675
3,194
8,851
8,688
Federal Home Loan Bank borrowings
-
87
-
180
Other bank borrowings
76
205
274
586
Total interest expense
2,751
3,486
9,125
9,454
Net interest income
4,674
4,404
13,699
14,590
Provision for (recovery of) credit losses
6
11
(172
)
(5
)
Net interest income after provision for credit losses
4,668
4,393
13,871
14,595
Non-interest income
Gain on sale of loans
80
69
181
184
Loss on sale of real estate
-
-
(266
)
(415
)
Gain(Loss) on sale of securities
-
26
(6
)
26
Income on Bank-Owned Life Insurance
29
28
87
82
Service charges on deposit accounts
382
363
1,165
1,151
Other income
47
20
165
50
Total non-interest income
538
506
1,326
1,078
Non-interest expense
Compensation and benefits
2,136
2,453
6,667
7,137
Occupancy and equipment
610
533
1,711
1,625
Data processing
553
139
1,107
513
Audit and examination fees
150
83
473
456
Franchise and bank shares tax
135
168
304
488
Advertising
22
77
123
302
Professional fees
145
96
396
443
Loan and collection
46
31
104
123
Amortization Core Deposit Intangible
70
79
216
258
Deposit insurance premium
102
90
267
289
Other expenses
282
242
729
794
Total non-interest expense
4,251
3,991
12,097
12,428
Income before income taxes
955
908
3,100
3,245
Provision for income tax expense
207
176
392
290
NET INCOME
$
748
$
732
$
2,708
$
2,955
EARNINGS PER SHARE
Basic
$
0.24
$
0.24
$
0.88
$
0.97
Diluted
$
0.24
$
0.24
$
0.88
$
0.95
Three Months Ended
Nine months ended
March 31,
March 31,
2025
2024
2025
2024
Selected Operating Ratios(1):
Average interest rate spread
2.66
%
2.16
%
2.44
%
2.46
%
Net interest margin
3.33
%
2.89
%
3.14
%
3.14
%
Return on average assets
0.50
%
0.45
%
0.58
%
0.60
%
Return on average equity
5.59
%
5.62
%
6.85
%
7.64
%
Asset Quality Ratios(2):
Non-performing assets as a percent of total assets
0.49
%
0.37
%
0.49
%
0.37
%
Allowance for credit losses as a percent of non-performing loans
215.44
%
203.11
%
215.44
%
203.11
%
Allowance for credit losses as a percent of total loans receivable
1.00
%
0.97
%
1.00
%
0.97
%
Per Share Data:
Shares outstanding at period end
3,118,764
3,145,236
3,118,764
3,145,236
Weighted average shares outstanding:
Basic
3,061,928
3,047,335
3,062,511
3,039,907
Diluted
3,087,624
3,091,011
3,081,233
3,095,817
Book value per share at period end
$
17.55
$
16.71
$
17.55
$
16.71
______________
(1) Ratios for the three and nine month periods 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
What was HFBL's earnings per share for Q3 2025?
HFBL reported basic and diluted earnings per share of $0.24 for Q3 2025, unchanged from Q3 2024.
How much did Home Federal Bancorp's net income change in Q3 2025?
Net income increased to $748,000 in Q3 2025 from $732,000 in Q3 2024, representing a 2.2% increase.
What was HFBL's book value per share as of March 31, 2025?
The book value per share increased to $17.55 at March 31, 2025, from $16.80 at June 30, 2024.
How did Home Federal Bancorp's non-performing assets change?
Non-performing assets increased to $3.0 million at March 31, 2025, compared to $1.9 million at June 30, 2024.
What was HFBL's net interest margin in Q3 2025?
The net interest margin was 3.33% for Q3 2025, compared to 2.89% for Q3 2024.
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