Home Fed Bancorp Inc La Stock Price, News & Analysis

Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) announced a quarterly cash dividend of $0.12 per share, declared by its Board of Directors on April 19, 2023. This dividend will be paid on May 15, 2023, to shareholders recorded by the close of business on May 1, 2023. The company operates in northwest Louisiana, providing services through its nine full-service banking offices.

For more information, visit www.hfb.bank.

Home Federal Bancorp, Inc. of Louisiana (Nasdaq: HFBL) completed the acquisition of Northwest Bancshares Corporation and its subsidiary, First National Bank of Benton, on February 1, 2023. Shareholders of Northwest Bancshares will receive $128.16 in cash per share. This transaction enhances Home Federal's market reach and branch network, aiming to serve the Benton area effectively. Following the merger, Home Federal's consolidated assets reach approximately $661 million, with $481 million in loans and $585 million in deposits. The existing branch of First National Bank will operate as a division of Home Federal Bank through May 2023.

Home Federal Bancorp, Inc. of Louisiana (Nasdaq: HFBL) reported a net income of $1.7 million for Q4 2022, up from $1.2 million in Q4 2021, with earnings per share increasing to $0.57 from $0.36. For the first half of FY 2023, net income reached $3.4 million, compared to $2.5 million last year. Loans receivable increased by 8.1% to $419.2 million. The average interest rate spread improved to 3.70%, and net interest margin rose to 3.91%. However, non-interest income fell due to decreased loan sales, and total assets decreased by 2.4% to $576.5 million. Shareholders' equity decreased by 7.0% amid stock repurchases and dividends.

Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) has declared a quarterly cash dividend of $0.12 per share on January 18, 2023. This dividend will be payable on February 13, 2023, to shareholders on record by January 30, 2023. The company operates nine full-service banking offices in northwest Louisiana, providing a range of financial services. The announcement reflects the company’s commitment to returning value to its shareholders while maintaining a stable operational presence in its region.

Home Federal Bancorp, the holding company of Home Federal Bank, reported a net income of $1.7 million for Q3 2022, up from $1.4 million in Q3 2021. Earnings per share increased to $0.55 from $0.42. Total loans receivable grew by $18.5 million, or 4.8%, to $406.4 million. The interest rate spread rose to 3.74%, while the net interest margin was 3.90%. However, total assets decreased to $581.6 million.

Shareholders’ equity fell by 10.0% to $47.1 million, primarily due to stock repurchases and dividends.

Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) declared a quarterly cash dividend of $0.12 per share on October 19, 2022. This dividend is payable on November 14, 2022, to shareholders on record as of October 31, 2022. The company operates nine full-service banking offices in northwest Louisiana, providing a range of financial services.

Investors can look forward to this cash dividend, reflecting the company’s commitment to return value to its shareholders.

Home Federal Bancorp (HFBL) has announced a definitive merger agreement to acquire Northwest Bancshares for an estimated total consideration of $10.1 million. Shareholders of Northwest Bancshares will receive a cash distribution totaling approximately $8.4 million prior to the merger's closing. This acquisition aims to enhance Home Federal's market presence in Bossier Parish and broaden its product offerings. The merger is projected to be over 20% accretive to earnings per share once fully realized, with a solid capital position post-merger.