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 (NASDAQ: HFBL) is the holding company for Home Federal Bank, which conducts business from ten full-service banking offices and a home office in northwest Louisiana. This news page aggregates company announcements, earnings releases, and other disclosures so readers can follow developments affecting the HFBL stock and the underlying banking franchise.
The company regularly issues earnings press releases detailing results for quarterly, year-to-date, and annual periods. These reports discuss net income, net interest income, net interest margin, interest rate spread, non-interest income, non-interest expense, and asset quality metrics such as non-performing assets and substandard loans. They also describe changes in the loan portfolio, deposit mix, investment securities, and funding sources, including the presence or absence of brokered deposits and Federal Home Loan Bank advances.
In addition to earnings, HFBL news includes dividend declarations and information on the company’s history of quarterly cash dividends. Recent announcements describe increases in the quarterly dividend rate and note a long series of consecutive quarterly dividends. The Board of Directors also communicates decisions on stock repurchase programs, authorizing the repurchase of specified amounts of common stock over time through open market or privately negotiated transactions.
Investors can also find coverage of capital and governance actions, such as the adoption of stock incentive plans and the outcomes of shareholder votes reported in 8-K filings and proxy-related communications. These items provide context on how the company manages executive compensation, equity-based awards, and board oversight.
By monitoring HFBL news, readers can see how trends in interest rates, deposit behavior, loan demand, and operating expenses are reflected in the company’s reported results and capital management decisions. This page offers a centralized view of company-generated information that may be relevant to shareholders, depositors, and other stakeholders interested in Home Federal Bancorp’s financial and strategic direction.
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.
Home Federal Bank (HFB), a subsidiary of Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL), has announced the hiring of five banking professionals to establish a new loan production office in Minden, Louisiana. This location will evolve into a full-service banking center. The new team possesses over 100 years of combined banking experience in the Webster Parish market, aiming to enhance banking relationships and support HFB’s local expansion. Additionally, Mike Toland has been appointed to the Advisory Board to represent Webster Parish interests.
Home Federal Bancorp (Nasdaq: HFBL) reported net income of $1.3 million for Q3 2021, up from $1.0 million in Q3 2020. Basic and diluted EPS increased to $0.40 and $0.37, respectively. For the fiscal year ending June 30, 2021, net income rose to $5.4 million, with EPS at $1.66 and $1.57. Total deposits increased 9.9% to $506.6 million. Time deposits decreased by 30.8%. The bank funded 597 SBA PPP loans, totaling $68.8 million, with 56.1% forgiven. Non-performing assets fell from $7.2 million to $1.4 million year-over-year.
Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) announced a quarterly cash dividend of $0.10 per share, declared during the Board meeting on July 21, 2021. This dividend, marking the 65th consecutive quarterly payment, will be payable on August 16, 2021, to shareholders of record by August 2, 2021. The dividend reflects a 21.2% increase from previous rates, demonstrating the company's commitment to shareholder value and confidence in its financial stability, with a payout ratio of approximately 24%.
Home Federal Bank (HFBL) is set to break ground on a new micro branch in West Shreveport, Louisiana, located at 6903 Pines Road. This marks the bank's ninth location, part of an aggressive expansion plan initiated in 2009. The new branch will offer full-service banking, including consumer and commercial lending, mortgage loans, and various deposit accounts, in a smaller footprint. The move aims to address the lack of local banking options, as major banks leave the area, providing critical services to the community.
Home Federal Bancorp, holding company for Home Federal Bank, reported a net income of $1.4 million for Q1 2021, up from $977,000 in Q1 2020. EPS rose to $0.44 from $0.29. For the nine months ended March 31, 2021, net income reached $4.1 million, compared to $2.8 million in 2020. Total deposits increased 9.7% to $505.4 million, while loan deferrals dropped significantly. A two-for-one stock split was announced, maintaining cash dividends at $0.0825 per share. Challenges remain due to COVID-19, with non-performing assets down to $2.7 million.
Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) declared a quarterly cash dividend of $0.0825 per share on April 21, 2021. The dividend is payable on May 17, 2021, to shareholders on record by May 3, 2021. Chairman James R. Barlow emphasized that this dividend follows a 2-for-1 stock split and aims to maintain similar total cash dividends post-split. Home Federal Bancorp operates several banking offices in northwest Louisiana.
Home Federal Bancorp, Inc. of Louisiana (HFBL) announced a two-for-one stock split in the form of a 100% stock dividend, effective March 31, 2021, for shareholders on record as of March 22, 2021. This will increase the outstanding shares from 1.7 million to 3.4 million without altering the par value of $0.01 per share. The quarterly cash dividend will adjust to $0.0825 per share, post-split, reflecting a continued commitment to shareholder value. CEO James R. Barlow emphasized the stock split aims to enhance liquidity and attract new investors.