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Kentucky First Federal Bancorp reports recurring developments as the holding company for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky. Company news centers on savings-bank earnings, net interest income, interest expense, non-interest expense, gains on loan sales, and accounting items affecting reported results.
The company’s operating context includes deposit gathering and real estate lending, including residential mortgage, multi-family, construction, and other real estate-secured loans in Kentucky markets. Other recurring updates cover board and annual-meeting governance matters and banking-regulatory developments involving the Office of the Comptroller of the Currency.
Kentucky First Federal Bancorp (KFFB) declared a cash dividend of $0.10 per share, scheduled for payment on May 17, 2021, to shareholders on record by April 30, 2021. The Board emphasized that the dividend reflects the company’s solid capital position and financial health. As of March 31, 2021, KFFB had approximately 8,226,715 shares outstanding, with 57.5% held by First Federal MHC. The company operates seven banking offices across Kentucky, demonstrating a stable operational footprint.
Kentucky First Federal Bancorp (KFFB) has nearly finished its stock repurchase program initiated on December 19, 2018. The Board of Directors has now approved a new program allowing for the purchase of up to 150,000 shares, which will be held as treasury stock. Repurchases will occur through open market purchases or private transactions, depending on market conditions. As of December 31, 2020, approximately 8,236,715 shares were outstanding, with 57.4% held by First Federal MHC.
Summary not available.
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.