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, 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.
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.
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