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Kentucky First Federal Bancorp - $KFFB STOCK NEWS

Welcome to our dedicated page for Kentucky First Federal Bancorp news (Ticker: $KFFB), a resource for investors and traders seeking the latest updates and insights on Kentucky First Federal Bancorp stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kentucky First Federal Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kentucky First Federal Bancorp's position in the market.

News
Kentucky First Federal Bancorp Releases Earnings
Rhea-AI Summary
Kentucky First Federal Bancorp (Nasdaq: KFFB) reported a net loss for the three and six months ended December 31, 2023, due to a decrease in net interest income and an increase in non-interest expenses. The company's net earnings saw a significant decline compared to the same periods in 2022, primarily attributed to interest rate increases affecting funding sources more than assets. Despite higher interest income, higher interest expenses led to the net loss. The company's Chief Executive Officer, Don Jennings, highlighted the challenges faced in the current market environment and the impact on liabilities and assets. Additionally, the adoption of a new accounting standard for credit loss calculation resulted in adjustments to the allowance for credit losses and shareholders' equity. Overall, the company's financial performance has been affected by various factors, including interest rate changes and accounting adjustments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
Tags
earnings
-
News
Kentucky First Federal Bancorp Announces Suspension of Quarterly Cash Dividend
Rhea-AI Summary
Kentucky First Federal Bancorp (Nasdaq: KFFB) has announced the indefinite suspension of the quarterly cash dividend on the Company's common stock due to historical increases in short-term market interest rates and a persistent inversion of the yield curve, resulting in compressed net interest margins and lower earnings at the bank level. The Board of Directors emphasized that the Banks are well-capitalized and that asset quality remains good. The President and CEO stated that future dividend payments will depend on the Banks' ability to generate positive retained earnings and enhanced liquidity, with the intention to re-evaluate the payment of a quarterly dividend in the future as soon as possible.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.85%
Tags
dividends
-
News
Kentucky First Federal Bancorp Releases Earnings
Rhea-AI Summary
Kentucky First Federal Bancorp (Nasdaq: KFFB) Announces Net Loss and Factors Affecting Financial Performance
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
News
Kentucky First Federal Bancorp Announces Quarterly Cash Dividend and Expected Future Dividend Reduction
Rhea-AI Summary
Kentucky First Federal Bancorp announces cash dividend payment and reduction in future dividends due to decline in earnings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.2%
Tags
dividends
-
News
Kentucky First Federal Bancorp Releases Earnings
Rhea-AI Summary
Kentucky First Federal Bancorp announces net income of $933,000 for the year ended June 30, 2023, a decrease of 41.3% compared to the previous year. Net interest income decreased by 3.3% and non-interest income decreased by 41.4%. Total assets increased by 6.4% to $349.0 million. Deposits decreased by 5.6% to $226.3 million. The Community Bank Leverage Ratio for the Company was 15.0%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.57%
Tags
earnings
-
News
Kentucky First Federal Bancorp Announces Retirement of Vice President and Chief Financial Officer
Rhea-AI Summary
R. Clay Hulette to retire from Kentucky First Federal Bancorp
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
Tags
none
News
Kentucky First Federal Bancorp Announces Payment of Quarterly Dividend
Rhea-AI Summary
Kentucky First Federal Bancorp (Nasdaq: KFFB) has declared a cash dividend of $0.10 per share payable on August 24, 2023, to shareholders of record on July 31, 2023. The dividend was determined appropriate based on the company's capital position and financial condition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
dividends
-
News
Kentucky First Federal Bancorp Announces Completion of Stock Repurchase Plan
Rhea-AI Summary
Kentucky First Federal Bancorp has completed its stock repurchase program, which authorized the repurchase of up to 150,000 shares of the company's common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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buyback
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News
Kentucky First Federal Bancorp Releases Earnings
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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none
News
Kentucky First Federal Bancorp Announces Payment of Quarterly Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
Stock KFFB logo
Kentucky First Federal Bancorp

Nasdaq:KFFB

KFFB Rankings

#5006 Ranked by Market Cap
#4098 Ranked by Stock Gains
N/A Ranked by Dividends

KFFB Stock Data

29.35M
2.93M
63.77%
3.19%
0.06%
Savings Institutions
Finance and Insurance
Link
United States of America
HAZARD

About KFFB

our business is customer service. and we are good at it. it's pretty simple... we treat you just like we would like to be treated. with friendly personal service aimed at meeting your unique needs and goals. weather you need information about purchasing a home or the best savings plan for you, we are here to help. local people. local service.