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) 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.