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) reported a net income of $1.1 million for Q2 2022, down from $1.3 million in Q2 2021. Earnings per share (EPS) also declined to $0.33 from $0.40 year-over-year. Annual net income was $4.9 million, a decrease from $5.4 million. Total deposits rose by 5.0% to $532 million, while core loans increased by 26.9% to $391.7 million. A notable drop in non-interest income was attributed to lower loan sales, despite a rise in net interest income. The provision for loan losses decreased, reflecting improved credit quality.
On July 21, 2022, Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) declared a quarterly cash dividend of $0.12 per share, marking a 20% increase. This dividend will be paid on August 15, 2022 to shareholders recorded by the close of business on August 1. This increase represents the ninth annual increase and the 69th consecutive quarterly dividend. The payout ratio stands at approximately 32%, reflecting the company's commitment to shareholder value and confidence in its financial stability.
Home Federal Bancorp (Nasdaq: HFBL) reported a net income of $1.3 million for Q1 2022, down from $1.4 million in Q1 2021. Earnings per share decreased to $0.39 from $0.44. For the nine months ending March 31, 2022, net income was $3.8 million, compared to $4.1 million the previous year. Total deposits rose by $10.3 million (2.0%) to $516.9 million. However, time deposits declined by 27.1%. The company reported a strong commercial loan pipeline despite economic challenges, and a significant decrease in provisions for loan losses, indicating improved credit quality.
Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) announced a quarterly cash dividend of $0.10 per share, to be paid on May 16, 2022, to shareholders of record by the close of business on May 2, 2022. This dividend reflects the company's ongoing commitment to returning value to shareholders. Home Federal Bancorp operates nine full-service banking offices in northwest Louisiana, providing a range of financial services.
Home Federal Bank (HFBL) has appointed Delayne Lewis as its first Chief Risk Officer. This move underscores the bank's commitment to enhancing its risk and compliance management amid an uncertain economic climate. Lewis, who has 10 years of experience at HFB and 40 years in community banking, holds a Certified Regulatory Compliance Manager certification. Her role will be pivotal in identifying, assessing, and managing risks within the bank, furthering its operational stability and success.
Home Federal Bancorp announced a new stock repurchase program on February 16, 2022, authorizing the buyback of up to 170,000 shares, or about 5.0% of its outstanding common stock. This program, which can be executed in open market or privately negotiated transactions, does not have a specified expiration date. The initiative aims to enhance shareholder value and reflects the company's commitment to returning capital to its investors.
Home Federal Bancorp, Inc. (Nasdaq: HFBL) announced a net income of $1.2 million for Q4 2021, down from $1.4 million in Q4 2020. Earnings per share were $0.36, compared to $0.44 the prior year. For the first half of 2021, net income totaled $2.5 million, a decrease from $2.7 million in 2020. Total deposits rose 1.1% to $512.2 million, but time deposits dropped 22.6% to $84.4 million. Gross loans increased 7.5% to $354.6 million. The provision for loan losses decreased significantly to $61,000 from $1.3 million, reflecting improved credit quality.
Home Federal Bancorp (NASDAQ: HFBL) announced a quarterly cash dividend of $0.10 per share on January 19, 2022. The dividend is set for payment on February 14, 2022, to shareholders on record by January 31, 2022. This reflects the company's commitment to shareholder returns amidst its operations from nine full-service banking offices in northwest Louisiana.
Home Federal Bancorp (Nasdaq: HFBL) reported a net income of $1.4 million for the quarter ended September 30, 2021, up from $1.2 million a year earlier. Earnings per share increased to $0.42 from $0.38. Total deposits rose by $987,000 to $507.6 million, though time deposits fell by 13.0%. Core loans saw a 6.9% increase. The company has funded 597 SBA PPP loans totaling $68.8 million. A decrease in the provision for loan losses contributed to the income growth, while non-interest income declined by 40.4%.
Home Federal Bancorp, Inc. (NASDAQ: HFBL) declared a quarterly cash dividend of $0.10 per share on October 20, 2021. This dividend is payable on November 15, 2021, to shareholders of record on November 1, 2021. The company, which operates through seven banking offices in northwestern Louisiana, continues to support its shareholders with regular dividends, reflecting its commitment to returning income to investors.
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