If Bancorp Inc Stock Price, News & Analysis

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.

IF Bancorp, Inc. (NASDAQ: IROQ) reported unaudited net income of $1.6 million, or $0.51 per basic share, for Q1 2021, up from $810,000, or $0.27 per share in Q1 2020. Net interest income increased to $5.0 million from $4.6 million. A credit for loan losses of $(101,000) was recorded, reversing a provision of $282,000 in the previous year. For the first nine months, net income rose to $4.4 million, compared to $2.9 million in 2020. Despite challenges, total assets increased to $745.4 million.

IF Bancorp, Inc. (NASDAQ: IROQ) has declared a cash dividend of $0.15 per common share, payable on April 16, 2021, to stockholders on record as of March 26, 2021. The Company emphasizes its long-term commitment to enhancing stockholder value, with intentions to continue semiannual dividends depending on financial conditions. Iroquois Federal Savings and Loan Association operates seven full-service banking offices in Illinois and a loan production office in Missouri, providing various retail and commercial services.

IF Bancorp, Inc. (NASDAQ: IROQ) reported unaudited net income of $1.5 million, or $0.48 per share for Q4 2020, an increase from $964,000 or $0.32 per share in Q4 2019. Net interest income rose to $5.1 million from $4.3 million year-over-year. For the first half of FY 2020, net income was $2.8 million, up from $2.1 million in the same period the previous year. However, total assets declined to $713.4 million from $735.5 million since June 30, 2020. The provisions for loan losses increased due to changing risk factors associated with the loan portfolio.

IF Bancorp, Inc. (NASDAQ: IROQ) announced net income of $1.3 million ($0.44 per share) for Q3 2020, up from $1.1 million ($0.33 per share) in Q3 2019. Net interest income rose to $4.9 million, while provisions for loan losses increased to $315,000 due to loan growth and COVID-19-related modifications. Non-interest income also improved to $1.7 million. Total assets decreased to $726 million, but stockholders’ equity rose to $83.5 million. The company has implemented payment deferrals for loans impacted by the pandemic, totaling $83.1 million in modifications.