Welcome to our dedicated page for Home Fed Bancorp La news (Ticker: HFBL), a resource for investors and traders seeking the latest updates and insights on Home Fed Bancorp La stock.
Home Federal Bancorp Inc. of Louisiana (HFBL) provides essential banking services through deposit products, residential/commercial lending, and wealth management solutions across northwest Louisiana. This news hub offers investors and stakeholders a centralized resource for tracking the company's financial developments and market position.
Access timely updates on earnings reports, regulatory filings, and strategic initiatives that shape this regional banking institution's operations. Our curated collection features press releases covering loan portfolio expansions, leadership appointments, and community-focused financial programs.
Key content categories include quarterly financial results, service area expansions, risk management updates, and innovations in consumer banking products. Bookmark this page to monitor HFBL's evolving role in Louisiana's financial landscape and its responses to regional economic trends.
Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL), the holding company for Home Federal Bank, has announced a quarterly cash dividend. The Board of Directors declared a dividend of $0.13 per share on the Company's common stock during their meeting on October 16, 2024. This dividend will be payable on November 11, 2024, to shareholders of record at the close of business on October 28, 2024.
Home Federal Bank operates ten full-service banking offices and a home office in northwest Louisiana. The company provides additional information on their website at www.hfb.bank.
Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) reported net income of $638,000 for Q4 2024, down from $1.3 million in Q4 2023. For the full fiscal year 2024, net income was $3.6 million, compared to $5.7 million in FY 2023. The decrease was primarily due to lower net interest income and non-interest income, partially offset by decreased credit loss provisions and income taxes.
Key financial metrics for FY 2024:
- Net interest margin: 3.08% (down from 3.73% in FY 2023)
- Total assets: $637.5 million (3.5% decrease)
- Net loans: $470.9 million (3.8% decrease)
- Total deposits: $574.0 million (3.9% decrease)
- Shareholders' equity: $52.8 million (4.5% increase)
The company adopted the CECL methodology for estimating credit losses on July 1, 2023, resulting in a $189,000 increase to the allowance for credit losses.
Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL), the holding company for Home Federal Bank, has declared a quarterly cash dividend of $0.13 per share on its common stock. This marks the 11th consecutive year of dividend increases and the 77th consecutive quarterly cash dividend. The dividend is payable on August 19, 2024, to shareholders of record as of August 5, 2024.
Chairman, President, and CEO James R. Barlow emphasized the company's commitment to creating shareholder value and expressed confidence in its financial strength and long-term prospects. The increased dividend reflects a payout ratio of approximately 54% based on earnings for the quarter ended March 31, 2024. Home Federal Bank operates ten full-service banking offices in northwest Louisiana.
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