Welcome to our dedicated page for Kentucky Fst Fed news (Ticker: KFFB), a resource for investors and traders seeking the latest updates and insights on Kentucky Fst Fed stock.
Kentucky First Federal Bancorp (Nasdaq: KFFB) generates a steady flow of company-specific news tied to its role as a savings institution holding company in Kentucky. As the parent of First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky, its announcements focus on earnings performance, funding mix, loan portfolio trends, and governance developments.
Visitors to this news page can review detailed earnings releases that discuss net income or loss, net interest income, interest expense, and the impact of the interest rate environment on net interest margin. The company’s releases also describe changes in non-interest income, including net gains on sales of loans, and non-interest expenses such as data processing fees, professional fees, and FDIC insurance premiums.
In addition to financial results, Kentucky First Federal Bancorp issues news about capital and dividend decisions. For example, it has announced the suspension of its quarterly cash dividend, explaining the reasons related to earnings, liquidity, and regulatory considerations. The company also reports on funding strategies, including the use of brokered certificates of deposit and Federal Home Loan Bank advances.
Corporate governance and leadership changes are another key news theme. Recent releases describe the appointment of directors, the selection of a board chairman, and the appointment of R. Clay Hulette as Chief Executive Officer of the company and as President and Chief Executive Officer of First Federal Savings Bank of Kentucky, subject to and later receiving regulatory approval.
By following this page, readers can monitor how Kentucky First Federal Bancorp responds to shifts in interest rates, regulatory expectations, and local market conditions in its Kentucky service areas. The news feed provides primary-source updates on the company’s financial condition, management decisions, and strategic priorities as disclosed in its public communications.
Kentucky First Federal Bancorp (Nasdaq: KFFB) announced the retirement of Tony D. Whitaker as Chairman of the Board, effective August 1, 2024. Whitaker, 78, has served as Chairman since the company's inception in 2005 and was CEO from 2005 to 2012. His banking career spans over 50 years, including roles at First Federal Savings and Loan of Hazard and other institutions.
Don D. Jennings, President and CEO of Kentucky First Federal Bancorp, expressed mixed emotions about Whitaker's retirement, acknowledging his significant contributions to the company and the banking industry. Whitaker will also step down as Chairman of the Board of First Federal Savings Bank of Kentucky, a subsidiary of the company.
Kentucky First Federal Bancorp reported a net loss of $107,000 for the three months ended March 31, 2024, compared to net earnings of $144,000 for the same period in 2023. The net loss for the nine months ended March 31, 2024, was $643,000, a significant decrease from net earnings of $891,000 for the nine months ended March 31, 2023. The decrease in net earnings was primarily due to lower net interest income, with interest expense increasing more than interest income.
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