If Bancorp Inc Stock Price, News & Analysis

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.

IF Bancorp, Inc. (NASDAQ: IROQ) reported unaudited net income of $1.2 million, or $0.37 per share for the three months ended March 31, 2022, down from $1.6 million, or $0.51 per share a year earlier. Net interest income increased to $5.4 million from $5.0 million. The company recorded a loan loss provision of $242,000, contrasting with a credit for loan losses of $(101,000) in the prior year. For the nine months ended March 31, net income was $4.7 million, up from $4.4 million in the same period in 2021, with total assets at $786.4 million.

IF Bancorp announced a cash dividend of $0.175 per common share, payable on April 15, 2022, to stockholders of record as of March 25, 2022. The company's President, Walter H. Hasselbring, emphasized their commitment to enhancing shareholder value through consistent dividend payments, suggesting plans for future semiannual dividends, contingent on financial stability. Iroquois Federal Savings and Loan Association operates several banking offices in Illinois and Missouri, offering a range of lending and deposit services.

IF Bancorp, Inc. (NASDAQ: IROQ) reported unaudited net income of $1.7 million for the quarter ending December 31, 2021, translating to $0.56 per basic share, up from $1.5 million and $0.48 per share in Q4 2020. Net interest income rose to $5.7 million from $5.1 million. Loan loss credits increased to $(76,000). However, non-interest income dipped to $1.4 million from $1.5 million. For the six months, net income was $3.6 million, with total assets at $772.6 million, down from $797.3 million.

IF Bancorp, Inc. (NASDAQ: IROQ) reported unaudited net income of $1.9 million, or $0.62 per basic share, for the quarter ended September 30, 2021, up from $1.3 million, or $0.44 per share a year earlier. Net interest income rose to $5.6 million from $4.9 million year-over-year. A credit for loan losses of $(127,000) was recorded, contrasting with a provision of $315,000 in 2020. Assets totaled $767.1 million, while deposits decreased to $637.3 million due to large withdrawals. Stockholders’ equity increased to $86.0 million.

IF Bancorp, Inc. (NASDAQ: IROQ) reported a net income of $5.3 million for the fiscal year ending June 30, 2021, up 26.0% from $4.2 million in the prior year. Basic and diluted earnings per share rose to $1.76 and $1.74, respectively. However, the quarterly net income dropped to $993,000, compared to $1.4 million in Q2 2020. Total assets increased to $797.3 million, while the allowance for loan losses rose to $6.6 million. The company declared a cash dividend of $0.175 per share, payable on October 15, 2021.

IF Bancorp, Inc. (NASDAQ: IROQ) has declared a cash dividend of $0.175 per common share, to be paid on October 15, 2021, to stockholders of record by September 24, 2021. The company emphasizes its commitment to enhancing stockholder value and plans to continue semiannual dividends, contingent on financial conditions. Iroquois Federal Savings and Loan Association operates from seven locations in Illinois and a loan production office in Missouri, offering a full range of retail and commercial banking services.