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.
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.
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.