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, Inc. of Louisiana (NASDAQ: HFBL) announced a quarterly cash dividend of $0.165 per share, payable on February 15, 2021, to shareholders of record as of February 1, 2021. This decision reflects the Company's ongoing commitment to returning value to shareholders.
Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) has announced a new stock repurchase program, authorizing the buyback of up to 85,000 shares, representing around 5% of its outstanding common stock. This repurchase will occur through open market or privately negotiated transactions and is notable for having no expiration date. This initiative reflects the company's ongoing commitment to enhancing shareholder value.
Home Federal Bancorp reported net income of $1.2 million for Q3 2020, unchanged from Q3 2019. Earnings per share were $0.76 basic and $0.74 diluted, compared to $0.73 and $0.68 in the prior year. Total deposits rose by $22.9 million (5.0%) to $483.7 million. Mortgage loans originated for sale were $60.3 million, up from $24.4 million. However, the company set aside $700,000 for loan losses, significantly up from $175,000 a year prior, reflecting COVID-19 impacts. Total assets grew to $541.6 million, while total liabilities increased by $22.9 million.
Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) announced on October 21, 2020, a quarterly cash dividend of $0.165 per share on its common stock. This dividend will be payable on November 16, 2020, to shareholders of record by the close of business on November 2, 2020.
The bank operates seven full-service offices in northwest Louisiana, providing various banking services to its community.
Home Federal Bank (HFBL) announced a cash bonus of up to $1,000 for eligible non-exempt employees, with approximately 60% of its staff set to benefit. This decision, made in response to COVID-19 challenges, underscores the bank's commitment to employee well-being and job security. CEO Jim Barlow emphasized the importance of recognizing employees' hard work, particularly amidst the resurgence of local Coronavirus cases. The bonus initiative reflects a commitment to both employee morale and the future growth of the bank.
Home Federal Bancorp of Louisiana (Nasdaq: HFBL) reported a net income of $1.0 million for Q3 2020, down from $1.2 million in Q3 2019. Yearly net income also declined to $3.9 million from $4.7 million. Basic and diluted EPS fell to $0.63 and $0.61 for Q3 2020, compared to $0.66 and $0.62 in Q3 2019. Total deposits rose 18.7% to $460.8 million. Loans increased by 11.0% to $359.9 million. The company funded 374 SBA PPP loans totaling $46.2 million, demonstrating community support amid COVID-19. However, non-interest expenses surged by 14.4%, and loan loss provisions spiked by 200%.
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