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Home Federal Bancorp, Inc. of Louisiana reports recurring banking-company developments as the holding company for Home Federal Bank, a northwest Louisiana community bank with full-service banking offices. Company updates center on operating results, net interest margin, average balances, loan and deposit trends, securities portfolio effects, and balance-sheet measures tied to its savings-bank model.
HFBL announcements also cover capital-return actions, including quarterly cash dividends and stock repurchase programs approved by the board. Its news releases regularly connect earnings performance with funding mix, book value, asset growth, and shareholder distributions.
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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.