Welcome to our dedicated page for If Bancorp news (Ticker: IROQ), a resource for investors and traders seeking the latest updates and insights on If Bancorp stock.
IF Bancorp Inc (IROQ) provides essential banking services through its subsidiary Iroquois Federal Savings and Loan Association. This news hub offers investors and stakeholders timely updates about this savings and loan holding company's operations.
Access comprehensive coverage of earnings announcements, regulatory filings, and strategic initiatives. Our curated collection includes press releases about mortgage lending developments, deposit product updates, and leadership changes within the organization.
Key updates focus on residential/commercial lending activities, financial results, and compliance with banking regulations. Users will find detailed information about product launches, corporate governance matters, and industry participation.
Bookmark this page for ongoing access to verified updates about IF Bancorp's financial services. Check regularly for new information about loan portfolio performance, interest rate strategies, and community banking initiatives.
IF Bancorp, Inc. (NASDAQ: IROQ) announced a cash dividend of $0.20 per common share, payable on April 14, 2023, to shareholders of record as of March 24, 2023. President and CEO Walter H. Hasselbring, III, expressed confidence in the company's long-term commitment to enhancing stockholder value, indicating plans for future semiannual dividends, contingent on financial conditions. Iroquois Federal Savings and Loan Association, a community-oriented financial institution, operates seven full-service banking offices across Illinois and one in Missouri, offering various retail and commercial lending and deposit services.
IF Bancorp, Inc. (NASDAQ: IROQ) reported unaudited net income of $1.4 million, or $0.44 per basic share, for the three months ending December 31, 2022, a decrease from $1.7 million, or $0.56 per share in 2021. Net interest income rose to $6.0 million from $5.7 million year-over-year. A provision for credit losses was recorded at $101,000, contrasting with a credit loss of $(76,000) in 2021. Non-interest income declined to $868,000 from $1.4 million. Total assets decreased to $823.7 million. Deposits fell sharply to $667.3 million, influenced by a $57.6 million public entity withdrawal. Stockholders’ equity was $71.1 million, down from $71.7 million.
IF Bancorp, Inc. (NASDAQ: IROQ) reported unaudited net income of $2.0 million for Q3 2022, a slight increase from $1.9 million in Q3 2021. Basic earnings per share were $0.63, up from $0.62 year-over-year. Net interest income rose to $6.3 million from $5.6 million. However, noninterest income fell to $1.2 million from $1.5 million, and noninterest expenses increased to $4.8 million. Total assets decreased to $806.9 million from $857.6 million, with a significant decline in cash and cash equivalents. Stockholders’ equity also dropped to $67.5 million.
IF Bancorp, Inc. (NASDAQ: IROQ) reported a net income of $5.8 million or $1.88 per basic share for the fiscal year ending June 30, 2022, up from $5.3 million or $1.76 per basic share in 2021. The company also recorded a quarterly net income of $1.0 million for Q4 2022, unchanged from Q4 2021. Total assets increased to $857.6 million, while deposits rose to $752.0 million. However, non-interest income fell to $5.5 million, and stockholders’ equity decreased to $71.7 million.
IF Bancorp, Inc. (NASDAQ: IROQ) announced a cash dividend of $0.20 per common share, payable on October 14, 2022, to stockholders of record by September 23, 2022. President and CEO Walter H. Hasselbring, III, expressed commitment to enhancing stockholder value through ongoing dividend payments, contingent on the company’s financial stability. Iroquois Federal Savings and Loan Association operates across several locations in Illinois and Missouri, providing various retail and commercial banking services.
FAQ
What is the current stock price of If Bancorp (IROQ)?
What is the market cap of If Bancorp (IROQ)?
