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. (NASDAQ: IROQ) is a Maryland-incorporated savings and loan holding company for Iroquois Federal Savings and Loan Association, a community-oriented financial institution headquartered in Watseka, Illinois. News about IF Bancorp often focuses on its banking operations, financial performance and strategic corporate actions, making the IROQ news feed relevant for investors and observers of regional savings institutions.
Company press releases, many of which are furnished as exhibits to Form 8-K filings, regularly report quarterly and annual earnings, including net income, earnings per share, net interest income, net interest margin, noninterest income and expense, and asset quality metrics. These updates also provide selected balance sheet data such as total assets, deposits, loans, investment securities, borrowings and stockholders’ equity, giving readers insight into the company’s balance sheet structure and trends.
IF Bancorp’s news flow also covers dividend declarations on its common stock, with the board of directors announcing cash dividends and record and payment dates. Governance developments, such as the appointment of a new board chair, lead independent director, and president, as well as board changes linked to agreements with shareholder groups, are disclosed through press releases and related SEC filings.
A significant portion of recent IROQ news relates to strategic transactions and shareholder activity. A joint press release dated October 30, 2025, and a corresponding Form 8-K describe IF Bancorp’s agreement and plan of merger with ServBanc Holdco, Inc., including the planned subsequent merger of Iroquois Federal into Servbank, National Association. A later release dated January 14, 2026, notes that all requisite regulatory approvals for the merger and bank merger have been received and outlines the expectation to close the transaction in the first quarter of 2026, subject to shareholder approval and customary conditions.
In addition, external communications from Stilwell Activist Investments, L.P. report on a non-binding stockholder proposal recommending a prompt sale of IF Bancorp, and company filings describe a standstill agreement and the appointment of a new director pursuant to that agreement. Together, these items illustrate how corporate strategy, shareholder perspectives and regulatory milestones shape the ongoing IROQ news narrative.
IF Bancorp (NASDAQ: IROQ) reported unaudited net income of $633,000 ($0.20 per share) for Q1 FY2025, up from $466,000 ($0.15 per share) in Q1 FY2024. Net interest income increased to $4.8 million from $4.6 million year-over-year. Interest income rose to $10.9 million from $9.3 million, while interest expense increased to $6.1 million from $4.7 million. Total assets reached $893.4 million, with net loans receivable at $647.1 million. Deposits decreased to $677.2 million, largely due to a $62.7 million withdrawal from a public entity. Stockholders' equity improved to $78.8 million from $73.9 million.
IF Bancorp (NASDAQ: IROQ) reported net income of $1.8 million ($0.57 per share) for the fiscal year ended June 30, 2024, down from $4.7 million ($1.50 per share) in 2023. For Q4 2024, net income was $431,000 ($0.13 per share), compared to $597,000 ($0.19 per share) in Q4 2023. Key financial highlights include:
- Net interest income decreased to $17.7 million from $22.0 million
- Interest income increased to $41.0 million from $32.1 million
- Interest expense rose to $23.3 million from $10.1 million
- Total assets grew to $887.7 million from $849.0 million
- Net loans receivable increased to $639.3 million from $587.5 million
- Deposits decreased to $727.2 million from $735.3 million
The company announced a cash dividend of $0.20 per share, payable on October 18, 2024.
IF Bancorp, Inc. (NASDAQ: IROQ), the holding company for Iroquois Federal Savings and Loan Association, has announced a cash dividend of $0.20 per common share. The dividend will be paid on October 18, 2024, to stockholders of record as of the close of business on September 27, 2024. Walter H. Hasselbring, III, President and CEO, expressed the company's commitment to enhancing stockholder value through semiannual dividend payments, subject to financial conditions. Iroquois Federal operates from seven full-service banking offices in Illinois and a loan production office in Missouri, offering a range of retail and commercial lending and deposit services.
IF Bancorp, Inc. announced unaudited net income of $708,000 for Q3 FY 2024, with net interest income at $4.3 million. The Company reported a decrease in net income and interest income compared to the same period in 2023. However, interest expense and non-interest income increased. Total assets, loans receivable, and stockholders' equity saw an increase, while deposits decreased. The Company remains focused on navigating the challenging interest rate environment.
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