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.
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Kentucky First Federal Bancorp (KFFB) announced a cash dividend of $0.10 per share, payable on February 16, 2021, to shareholders recorded by January 29, 2021. The Board of Directors deemed this dividend payment suitable based on the company's capital position and financial condition. As of December 31, 2020, KFFB had approximately 8,236,715 shares outstanding, with 57.4% held by First Federal MHC. The company operates banking offices in Hazard, Frankfort, Danville, and Lancaster, Kentucky.
Summary not available.
Kentucky First Federal Bancorp (KFFB) announced a cash dividend of $0.10 per share, payable on November 16, 2020, to shareholders of record on October 30, 2020. The Board of Directors stated that this decision reflects the Company’s strong capital position and financial condition. As of September 30, 2020, KFFB had approximately 8,244,215 shares outstanding, with around 57.4% held by First Federal MHC. The banking operations include branches in Hazard, Frankfort, Danville, and Lancaster, Kentucky.
Kentucky First Federal Bancorp (KFFB) reported a net loss of $13.3 million or $1.61 per share for the quarter ending June 30, 2020, due to a $13.6 million goodwill impairment charge, representing 93.5% of recorded goodwill. This contrasts with a profit of $300,000 or $0.04 per share in the same quarter of 2019. Despite the loss, adjusted net income showed improvement, with net income of $291,000 or $0.04 per share for the quarter. Total assets fell to $321.1 million, with significant decreases in goodwill and time deposits, while deposits overall increased by 8.4% to $212.3 million.
Kentucky First Federal Bancorp (NASDAQ: KFFB) announced a cash dividend of $0.10 per share, payable on August 17, 2020, to shareholders of record on July 31, 2020. Chairman Tony Whitaker stated that the dividend payment is supported by the company's solid capital position and financial condition. As of June 30, 2020, KFFB had approximately 8,252,215 shares outstanding, with 57.29% held by First Federal MHC. The company operates seven banking offices across Kentucky, providing essential financial services to the community.
Summary not available.