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Home Federal Bancorp (Nasdaq: HFBL) profit jumps on margin gains

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Home Federal Bancorp, Inc. of Louisiana reported sharply higher earnings for the three and nine months ended March 31, 2026. Quarterly net income rose to $1.472 million from $748,000, with basic EPS increasing to $0.49 from $0.24, helped by higher net interest income, stronger fee income, and lower non-interest expense. For the nine-month period, net income grew to $4.746 million from $2.708 million, with basic EPS up to $1.57 from $0.88. The bank’s net interest margin improved to 3.75% for the quarter and 3.68% for nine months, while total assets increased to $641.649 million. Asset quality metrics softened as non-performing assets increased to $4.197 million, though the allowance remained at 1.00% of total loans. Book value per share rose to $18.96, supported by earnings, option exercises and share repurchases.

Positive

  • Earnings and profitability surged: Quarterly net income increased to $1.472 million from $748,000 and nine‑month net income to $4.746 million from $2.708 million, with net interest margin improving to 3.75% for the quarter and book value per share rising to $18.96.

Negative

  • Credit costs and problem assets increased: Provision for credit losses rose significantly for both the quarter and nine months, while non-performing assets increased to $4.197 million, or 0.65% of total assets, and the allowance coverage of non-performing loans declined.

Insights

HFBL delivered strong earnings growth with better margins, but credit costs and non-performers ticked up.

Home Federal Bancorp nearly doubled quarterly net income to $1.472M, with basic EPS rising to $0.49. This was driven by a $733,000 (15.7%) increase in net interest income, modestly higher non-interest income, and lower non-interest expense.

Profitability improved meaningfully as the average interest rate spread widened to 3.13% and net interest margin to 3.75% for the quarter, versus 2.66% and 3.33% a year earlier. For nine months, net income increased to $4.746M and return on average equity reached 11.03%.

Asset and deposit growth were solid, but risk costs rose. The provision for credit losses increased sharply and non-performing assets climbed to $4.197M, or 0.65% of total assets. Even so, the allowance stayed at 1.00% of total loans, and book value per share increased to $18.96 as of March 31, 2026.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Quarterly net income $1.472M Three months ended March 31, 2026 vs $748k 2025
Nine‑month net income $4.746M Nine months ended March 31, 2026 vs $2.708M 2025
Net interest margin (quarter) 3.75% Three months ended March 31, 2026 vs 3.33% 2025
Total assets $641.649M As of March 31, 2026 vs $609.492M June 30, 2025
Non-performing assets $4.197M As of March 31, 2026 vs $3.305M June 30, 2025
Book value per share $18.96 As of March 31, 2026 vs $17.55 prior year
Total deposits $574.432M As of March 31, 2026 vs $546.290M June 30, 2025
Allowance / total loans 1.00% Allowance for credit losses as % of total loans
net interest margin financial
"The Company’s net interest margin was 3.75% for the three months ended March 31, 2026"
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
provision for credit losses financial
"an increase of $263,000, or 4,383.3%, in the provision for credit losses"
Provision for credit losses is an amount set aside by a financial institution to cover potential future losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution manage risks and stay financially healthy. For investors, it signals how cautious a lender is about potential loan defaults and can impact the company's profitability and financial stability.
non-performing assets financial
"the Company had $4.197 million of non-performing assets (defined as non-accruing loans"
Loans or other credit exposures that are not producing expected income because borrowers have stopped making scheduled payments for a significant period (commonly around 90 days). Think of it like a business lending money that has gone quiet — the cash flow stops while the lender still carries the debt on its books. High levels of non-performing assets matter to investors because they reduce a lender’s earnings, tie up capital that could be used for growth, and signal higher risk of future losses.
asset quality ratios financial
"Asset Quality Ratios (2) Non-performing assets as a percent of total assets"
accumulated other comprehensive loss financial
"a decrease in the Company’s accumulated other comprehensive loss of $136,000"
Accumulated other comprehensive loss is the running negative total of certain gains and losses that companies record outside their regular profit-and-loss statement, such as changes in the value of some investments, pension adjustments, or currency translation effects. It matters to investors because it reduces shareholders’ equity and reveals economic swings that haven’t affected reported net income yet — like a side ledger showing pending ups and downs that could influence future cash flow or balance-sheet strength.
book value per share financial
"Book value per share at period end $ 18.96 $ 17.55"
Book value per share is a company’s net worth on paper — total assets minus liabilities — divided by the number of outstanding shares, showing the equity value attributable to each share. Investors use it like a per-slice estimate of a company’s underlying value to compare with the market price; if the market price is far above the book value, the stock may be priced for strong future profits, and if it’s below, the stock might look undervalued or reflect asset concerns.
Net income (three months) $1.472M vs $748k for three months ended March 31, 2025
Net income (nine months) $4.746M vs $2.708M for nine months ended March 31, 2025
Basic EPS (three months) $0.49 vs $0.24 for three months ended March 31, 2025
Basic EPS (nine months) $1.57 vs $0.88 for nine months ended March 31, 2025

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FAQ

How did HFBL’s net income change for the quarter ended March 31, 2026?
HFBL’s quarterly net income increased to $1.472 million from $748,000 a year earlier. This growth came from higher net interest income, better non-interest income, and lower non-interest expenses, partially offset by higher provisions for credit losses and income taxes.

What were HFBL’s earnings per share for the three and nine months ended March 31, 2026?
For the quarter, HFBL reported basic and diluted EPS of $0.49 and $0.48, up from $0.24. For the nine months, basic and diluted EPS were $1.57 and $1.55, compared with $0.88 in the prior-year period.

How did HFBL’s net interest margin and spread perform in the latest period?
HFBL’s average interest rate spread improved to 3.13% and net interest margin to 3.75% for the quarter. For the nine months, the spread reached 3.04% and net interest margin 3.68%, reflecting higher asset yields and lower funding costs compared with the prior year.

What changes occurred in HFBL’s asset quality as of March 31, 2026?
At March 31, 2026, HFBL’s non-performing assets totaled $4.197 million versus $3.305 million at June 30, 2025. Non-performing assets represented 0.65% of total assets, while the allowance for credit losses remained at 1.00% of total loans receivable.

How did HFBL’s balance sheet and deposits change during the period?
Total assets increased to $641.649 million from $609.492 million, driven by growth in loans, cash and investment securities. Total deposits rose to $574.432 million, with notable increases in certificates of deposit and non-interest-bearing deposits compared with June 30, 2025.

What happened to HFBL stockholders’ equity and book value per share?
Stockholders’ equity grew to $58.004 million from $55.205 million, mainly from net income and stock option exercises, partly offset by share repurchases and dividends. Book value per share increased to $18.96 from $17.55 over the same period.
false 0001500375 0001500375 2026-04-30 2026-04-30
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
   
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
   
Date of Report (Date of earliest event reported)
April 30, 2026
 
Home Federal Bancorp, Inc. of Louisiana
(Exact name of registrant as specified in its charter)
 
Louisiana
001-35019
02-0815311
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
 
624 Market Street, Shreveport, Louisiana
  
71101
 
(Address of principal executive offices)
  
(Zip Code)
 
Registrant’s telephone number, including area code
(318) 222-1145
 
Not Applicable
(Former name or former address, if changed since last report)
 
   
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
 
Title of each class
Trading
Symbol(s)
 
Name of each exchange on which registered
Common Stock (par value $.01 per share)
HFBL
Nasdaq Stock Market, LLC
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
 
Item 2.02        Results of Operations and Financial Condition
 
          On April 30, 2026, Home Federal Bancorp, Inc. of Louisiana (the “Company”) reported its results of operations for the three and nine months ended March 31, 2025.
 
          For additional information, reference is made to the Company’s press release dated April 30, 2026, which is included as Exhibit 99.1 hereto and is incorporated herein by reference thereto.  The press release attached hereto is being furnished to the Securities and Exchange Commission and shall not be deemed to be “filed” for any purpose except as otherwise provided herein.
 
Item 9.01        Financial Statements and Exhibits
 
(a)        Not applicable.
(b)        Not applicable.
(c)        Not applicable.
(d)        Exhibits.
 
The following exhibits are filed herewith.
 
 
Exhibit Number
  
Description
99.1
  
Press release dated April 30, 2026
104  
Cover Page Interactive Date File (embedded within the Inline XBRL document.)
 
 
 
 
 
2
 
 
 
SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
HOME FEDERAL BANCORP, INC. OF LOUISIANA
     
     
     
Date: April 30, 2026
By:
 /s/ Brad Ezernack
   
Brad Ezernack
    Executive Vice President and Chief Financial Officer
 
 
 
 
3

Exhibit 99.1

 

homefedlogo.jpg

 

FOR RELEASE: Thursday, April 30, 2026, at 4:30 PM (Eastern)

 

HOME FEDERAL BANCORP, INC. OF LOUISIANA REPORTS RESULTS OF OPERATIONS

FOR THE THREE AND NINE MONTHS ENDED MARCH 31, 2026

 

           Shreveport, Louisiana – April 30, 2026 – Home Federal Bancorp, Inc. of Louisiana (the “Company”) (Nasdaq: HFBL), the holding company of Home Federal Bank, reported net income for the three months ended March 31, 2026, of $1.472 million compared to net income of $748,000 reported for the three months ended March 31, 2025. The Company’s basic and diluted earnings per share were $0.49 and $0.48, respectively, for the three months ended March 31, 2026, compared to $0.24 for the three months ended March 31, 2025. The Company reported net income of $4.746 million for the nine months ended March 31, 2026, compared to $2.708 million for the nine months ended March 31, 2025. The Company’s basic and diluted earnings per share were $1.57 and $1.55, respectively, for the nine months ended March 31, 2026, compared to $0.88 for the nine months ended March 31, 2025.

 

 The Company reported the following highlights during the nine months ended March 31, 2026:

 

  ■ 

Net interest margin increased 54 basis points to 3.68% for the nine months ended March 31, 2026, compared to 3.14% for the same period in 2025.

 

  ■

Return on average assets increased 44 basis points to 1.02% for the nine months ended March 31, 2026, compared to 0.58% for the same period in 2025.

 

  ■ 

Home Federal Bancorp repurchased 92,399 shares of its common stock through its stock repurchase program at an average price of $16.08 per share during the nine months ended March 31, 2026, leaving 47,932 shares authorized for repurchase under the program at March 31, 2026.

 

  ■ 

Book value per share increased to $18.96 at March 31, 2026, from $17.90 at June 30, 2025.

 

          The increase in net income for the three months ended March 31, 2026, as compared to the same period in 2025, resulted from an increase of $733,000, or 15.7%, in net interest income, a decrease of $282,000, or 6.6%, in non-interest expense, and an increase of $83,000, or 15.4%, in non-interest income, partially offset by an increase of $263,000, or 4,383.3%, in the provision for credit losses, and an increase of $111,000, or 53.6%, in the provision for income taxes. The increase in net interest income for the three months ended March 31, 2026, as compared to the same period in 2025, resulted from an increase of $590,000, or 7.9%, in total interest income and a decrease of $143,000, or 5.2%, in total interest expense. The Company’s average interest rate spread was 3.13 % for the three months ended March 31, 2026, compared to 2.66% for the three months ended March 31, 2025. The Company’s net interest margin was 3.75% for the three months ended March 31, 2026, compared to 3.33% for the three months ended March 31, 2025.

 

The increase in net income for the nine months ended March 31, 2026, as compared to the same period in 2025 resulted primarily from an increase of $2.346 million, or 17.1%, in net interest income, an increase of $583,000, or 44.0%, in non-interest income, and a decrease of $484,000, or 4.0%, in non-interest expense, partially offset by an increase of $782,000, or 199.5%, in provision for income taxes and an increase of $593,000, or 344.8%, in the provision for credit losses. The increase in net interest income for the nine months ended March 31, 2026, as compared to the same period in 2025, was primarily due to an increase of $1.264 million, or 5.5%, in total interest income, and a decrease of $1.082 million, or 11.9%, in total interest expense. The Company’s average interest rate spread was 3.04% for the nine months ended March 31, 2026, compared to 2.44% for the nine months ended March 31, 2025. The Company’s net interest margin was 3.68% for the nine months ended March 31, 2026, compared to 3.14% for the nine months ended March 31, 2025.

 

 

 
 

 

            The following tables set forth the Company’s average balances and average yields earned and rates paid on its interest-earning assets and interest-bearing liabilities for the periods indicated.

 

   

For the Three Months Ended March 31,

  
   

2026

    

2025

  
   

Average

Balance

    

Average

Yield/Rate

    

Average

Balance

    

Average

Yield/Rate

  
   

(Dollars in thousands)

  

Interest-earning assets:

                                

Loans receivable

   $ 478,937       6.23 %   $ 459,828       5.94 %

Investment securities

     98,514       2.39       95,706       2.44  

Interest-earning deposits

     7,613       3.94       14,513       3.05  

Total interest-earning assets

   $ 585,064       5.56 %   $ 570,047       5.28 %
                                 

Interest-bearing liabilities:

                                

Savings accounts

   $ 92,604       1.48 %   $ 94,375       1.75 %

NOW accounts

     65,736       1.18       69,562       1.15  

Money market accounts

     67,553       1.90       75,882       2.01  

Certificates of deposit

     204,379       3.35       182,721       3.76  

Total interest-bearing deposits

     430,272       2.39       422,540       2.57  

Other bank borrowings

     3,849       6.53       4,000       7.71  

FHLB advances

     1,419       3.72       -       -  

Total interest-bearing liabilities

   $ 435,540       2.43 %   $ 426,540       2.62 %

 

   

For the Nine months ended March 31,

  
   

2026

    

2025

  
   

Average

Balance

    

Average

Yield/Rate

    

Average

Balance

    

Average

Yield/Rate

  
   

(Dollars in thousands)

  

Interest-earning assets:

                                

Loans receivable

   $ 470,696       6.22 %   $ 460,972       5.90 %

Investment securities

     97,449       2.32       96,395       2.24  

Interest-earning deposits

     12,781       4.39       23,326       4.45  

Total interest-earning assets

   $ 580,926       5.52 %   $ 580,693       5.24 %
                                 

Interest-bearing liabilities:

                                

Savings accounts

   $ 92,985       1.57 %   $ 89,171       1.69 %

NOW accounts

     65,617       1.14       71,022       1.17  

Money market accounts

     70,213       1.97       76,828       2.20  

Certificates of deposit

     199,346       3.42       191,936       4.04  

Total interest-bearing deposits

     428,161       2.43       428,957       2.75  

Other bank borrowings

     3,951       7.11       4,832       7.55  

FHLB advances

     466       3.72       -       -  

Total interest-bearing liabilities

   $ 432,578       2.48 %   $ 433,789       2.80 %

 

          The $83,000 increase in non-interest income for the three months ended March 31, 2026, compared to the same period in 2025, resulted from an increase of $49,000 in gain on sale of loans, an increase of $42,000 in service charges on deposit accounts, and an increase of $3,000 in other non-interest income, partially offset by an increase of $10,000 in loss on sale of real estate, and a decrease of $1,000 in income on bank owned life insurance. The $583,000 increase in non-interest income for the nine months ended March 31, 2026, compared to the same period in 2025, resulted from a decrease of $248,000 in loss on sale of real estate, an increase of $224,000 in gain on sale of loans, an increase of $118,000 in service charges on deposit accounts, and a decrease of $6,000 in loss on sale of securities, partially offset by a decrease of $12,000 in other non-interest income, and a decrease of $1,000 in income on bank owned life insurance.

 

          The $282,000 decrease in non-interest expense for the three months ended March 31, 2026, compared to the same period in 2025, resulted from decreases of $203,000 in data processing, $37,000 in audit and examination fees, $27,000 in other expenses, $15,000 in franchise and bank shares tax, $13,000 in amortization core deposit intangible, $11,000 in loan and collection, $9,000 in professional fees, and $3,000 in occupancy and equipment, partially offset by increases in $25,000 in compensation and benefits, $9,000 in advertising, and $2,000 in deposit insurance premium. The $484,000 decrease in non-interest expense for the nine months ended March 31, 2026, compared to the same period in 2025, resulted from decreases of $255,000 in compensation and benefits, $181,000 in audit and examination fees, $103,000 in data processing, $39,000 in advertising, $28,000 in amortization core deposit intangible, and $25,000 in professional fees, partially offset by increases in $98,000 in other expenses, $22,000 in occupancy and equipment, $14,000 in deposit insurance premium, $8,000 in loan and collection, and $5,000 in franchise and bank shares tax.         

 

 
2
 

 

          Total assets increased $32.157 million, or 5.3%, from $609.492 million at June 30, 2025 to $641.649 million at March 31, 2026. The increase in assets resulted from increases in net loans receivable of $17.921 million, or 3.9%, from $461.004 million at June 30, 2025 to $478.925 million at March 31, 2026, cash and cash equivalents of $11.596 million, or 66.8%, from $17.347 million at June 30, 2025 to $28.943 million at March 31, 2026, investment securities of $2.449 million, or 2.5%, from $96.230 million at June 30, 2025 to $98.679 million at March 31, 2026, loans-held-for-sale of $1.205 million, or 78.2%, from $1.540 million at June 30, 2025 to $2.745 million at March 31, 2026, accrued interest receivable of $86,000, or 4.7%, from $1.836 million at June 30, 2025 to $1.922 million at March 31, 2026, and bank owned life insurance of $86,000, or 1.2%, from $6.926 million at June 30, 2025 to $7.012 million at March 31, 2026, partially offset by decreases in premises and equipment of $763,000, or 4.4%, from $17.266 million at June 30, 2025 to $16.503 million at March 31, 2026, core deposit intangible of $188,000, or 20.5%, from $915,000 at June 30, 2025 to $727,000 at March 31, 2026, real estate owned of $156,000, or 16.1%, from $970,000 at June 30, 2025 to $814,000 at March 31, 2026, other assets of $42,000, or 3.2%, from $1.305 million at June 30, 2025 to $1.263 million at March 31, 2026, and deferred tax asset of $37,000, or 3.2%, from $1.163 million at June 30, 2025 to $1.126 million at March 31, 2026.         

 

Total liabilities increased $29.358 million, or 5.3%, from $554.287 million at June 30, 2025 to $583.645 million at March 31, 2026. The increase in liabilities resulted from increases in total deposits of $28.142 million, or 5.2%, from $546.290 million at June 30, 2025 to $574.432 million at March 31, 2026, and advances from the Federal Home Loan Bank of Dallas of $2.000 million, from none at June 30, 2025 to $2.000 million at March 31, 2026, partially offset by decreases in other borrowings of $444,000, or 11.1%, from $4.000 million at June 30, 2025 to $3.556 million at March 31, 2026, other accrued expenses and liabilities of $280,000, or 8.1%, from $3.454 million at June 30, 2025 to $3.174 million at March 31, 2026, and advances from borrowers for taxes and insurance of $60,000, or 11.0%, from $543,000 at June 30, 2025 to $483,000 at March 31, 2026. The increase in deposits resulted from increases in certificates of deposit of $21.683 million, or 11.6%, from $187.357 million at June 30, 2025 to $209.040 million at March 31, 2026, and non-interest deposits of $16.694 million, or 13.6%, from $122.416 million at June 30, 2025 to $139.110 million at March 31, 2026, partially offset by decreases in money market deposits of $4.701 million, or 6.4%, from $73.771 million at June 30, 2025 to $69.070 million at March 31, 2026, savings deposits of $2.854 million, or 3.0%, from $95.627 million at June 30, 2025 to $92.773 million at March 31, 2026, and NOW accounts of $2.680 million, or 4.0%, from $67.119 million at June 30, 2025 to $64.439 million at March 31, 2026.       

                                                        

          At March 31, 2026, the Company had $4.197 million of non-performing assets (defined as non-accruing loans, accruing loans 90 days or more past due, and other real estate owned) compared to $3.305 million of non-performing assets at June 30, 2025, consisting of eighteen one-to-four family residential loans, three home equity loans, two commercial non-real estate loans, one commercial real estate loan, one consumer loan, and one commercial real estate property in other real estate owned at March 31, 2026, compared to six one-to-four family residential loans, two home equity loans, three commercial non-real estate loans, two commercial real estate loans and one single-family residence in other real estate owned at June 30, 2025. At March 31, 2026 the Company had seventeen one-to-four family residential loans, three home equity loans, two commercial non-real estate loans, two consumer loans, and one commercial real estate loan classified as substandard, compared to eight one-to-four family residential loans, five commercial non-real estate loans, two home equity loans, two commercial real estate loans and one consumer loan classified as substandard at June 30, 2025. There were no loans classified as doubtful at March 31, 2026 or June 30, 2025.

 

3
 

 

          Stockholders’ equity increased $2.799 million, or 5.1%, from $55.205 million at June 30, 2025 to $58.004 million at March 31, 2026. The increase in stockholders’ equity resulted from net income for the nine months ended March 31, 2026 of $4.746 million, proceeds from the issuance of common stock from the exercise of stock options of $1.769 million, a decrease in the Company’s accumulated other comprehensive loss of $136,000, and the vesting of restricted stock awards, stock options, and the release of employee stock ownership plan shares totaling $290,000, partially offset by stock repurchases of $2.892 million and dividends paid totaling $1.250 million.

 

Home Federal Bancorp, Inc. of Louisiana is the holding company for Home Federal Bank which conducts business from its ten full-service banking offices and home office in northwest Louisiana.

 

          Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like “believe”, “expect”, “anticipate”, “estimate”, and “intend”, or future or conditional verbs such as “will”, “would”, “should”, “could”, or “may”. We undertake no obligation to update any forward-looking statements.

 

          In addition to factors previously disclosed in the reports filed by the Company with the Securities and Exchange Commission and those identified elsewhere in this press release, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: the strength of the United States economy in general and the strength of the local economies in which the Company conducts its operations; general economic conditions; legislative and regulatory changes; monetary and fiscal policies of the federal government; changes in tax policies, rates and regulations of federal, state and local tax authorities including the effects of the Tax Reform Act; changes in interest rates, deposit flows, the cost of funds, demand for loan products and the demand for financial services, competition, changes in the quality or composition of the Company’s loans, investment and mortgage-backed securities portfolios; geographic concentration of the Company’s business; fluctuations in real estate values; the adequacy of loan loss reserves; the risk that goodwill and intangibles recorded in the Company’s financial statements will become impaired; changes in accounting principles, policies or guidelines and other economic, competitive, governmental and technological factors affecting the Company’s operations, markets, products, services and fees.

 

 

 

 

 

 

 

 

 

 

4
 

 

 

 

  
HOME FEDERAL BANCORP, INC. OF LOUISIANA  

CONSOLIDATED BALANCE SHEETS

  

(In thousands except share and per share data)

  
                 
   

March 31, 2026

    

June 30, 2025

  
   

(Unaudited)

          

ASSETS

                
                 

Cash and Cash Equivalents (Includes Interest-Bearing Deposits with Other Banks of $16,518 and $10,380 at March 31, 2026, and June 30, 2025, respectively)

   $ 28,943     $ 17,347  

Securities Available-for-Sale (amortized cost March 31, 2026: $43,251; June 30, 2025: $36,695, respectively)

     40,975       34,246  

Securities Held-to-Maturity (fair value March 31, 2026: $47,726; June 30, 2025: $51,139, respectively)

     56,764       61,334  

Other Securities

     940       650  

Loans Held-for-Sale

     2,745       1,540  

Loans Receivable, Net of Allowance for Credit Losses (March 31, 2026: $4,750; June 30, 2025: $4,484, respectively)

     478,925       461,004  

Accrued Interest Receivable

     1,922       1,836  

Premises and Equipment, Net

     16,503       17,266  

Bank Owned Life Insurance

     7,012       6,926  

Goodwill

     2,990       2,990  

Core Deposit Intangible

     727       915  

Deferred Tax Asset

     1,126       1,163  

Real Estate Owned

     814       970  

Other Assets

     1,263       1,305  
                 

Total Assets

   $ 641,649     $ 609,492  
                 

LIABILITIES AND STOCKHOLDERS’ EQUITY

                
                 

LIABILITIES

                
                 

Deposits:

                

Non-interest bearing

   $ 139,110     $ 122,416  

Interest-bearing

     435,322       423,874  

Total Deposits

     574,432       546,290  

Advances from Borrowers for Taxes and Insurance

     483       543  

Advances from the Federal Home Loan Bank of Dallas

     2,000       -  

Other Borrowings

     3,556       4,000  

Other Accrued Expenses and Liabilities

     3,174       3,454  
                 

Total Liabilities

     583,645       554,287  
                 

STOCKHOLDERS’ EQUITY

                
                 

Preferred Stock - $0.01 Par Value; 10,000,000 Shares Authorized: None Issued and Outstanding

     -       -  

Common Stock - $0.01 Par Value; 40,000,000 Shares Authorized: 3,059,889 and 3,084,764 Shares Issued and Outstanding at March 31, 2026 and June 30, 2025, respectively

     34       32  

Additional Paid-in Capital

     44,201       42,187  

Unearned ESOP Stock

     (277 )     (321 )

Retained Earnings

     15,844       15,241  

Accumulated Other Comprehensive Loss

     (1,798 )     (1,934 )
                 

Total Stockholders’ Equity

     58,004       55,205  
                 

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

   $ 641,649     $ 609,492  
                 
5
 

 

 

HOME FEDERAL BANCORP, INC. OF LOUISIANA

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

(Unaudited)

 

  
                                 
   

Three Months Ended

    

Nine months ended

  
   

March 31,

    

March 31,

  
   

2026

    

2025

    

2026

    

2025

  

Interest income

                                

Loans, including fees

   $ 7,361     $ 6,740     $ 21,971     $ 20,426  

Investment securities

     8       83       30       213  

Mortgage-backed securities

     572       493       1,666       1,406  

Other interest-earning assets

     74       109       421       779  

Total interest income

     8,015       7,425       24,088       22,824  

Interest expense

                                

Deposits

     2,533       2,675       7,819       8,851  

Federal Home Loan Bank borrowings

     13       -       13       -  

Other bank borrowings

     62       76       211       274  

Total interest expense

     2,608       2,751       8,043       9,125  

Net interest income

     5,407       4,674       16,045       13,699  
                                 

Provision for (recovery of) credit losses

     269       6       421       (172 )

Net interest income after provision for credit losses

     5,138       4,668       15,624       13,871  
                                 

Non-interest income

                                

Gain on sale of loans

     129       80       405       181  

Loss on sale of real estate

     (10 )     -       (18 )     (266 )

Loss on sale of securities

     -       -       -       (6 )

Income on Bank-Owned Life Insurance

     28       29       86       87  

Service charges on deposit accounts

     424       382       1,283       1,165  

Other income

     50       47       153       165  

Total non-interest income

     621       538       1,909       1,326  
                                 
                                 

Non-interest expense

                                

Compensation and benefits

     2,161       2,136       6,412       6,667  

Occupancy and equipment

     607       610       1,733       1,711  

Data processing

     350       553       1,004       1,107  

Audit and examination fees

     113       150       292       473  

Franchise and bank shares tax

     120       135       309       304  

Advertising

     31       22       84       123  

Professional fees

     136       145       371       396  

Loan and collection

     35       46       112       104  

Amortization Core Deposit Intangible

     57       70       188       216  

Deposit insurance premium

     104       102       281       267  

Other expenses

     255       282       827       729  

Total non-interest expense

     3,969       4,251       11,613       12,097  

Income before income taxes

     1,790       955       5,920       3,100  

Provision for income tax expense

     318       207       1,174       392  
                                 

NET INCOME

   $ 1,472     $ 748     $ 4,746     $ 2,708  
                                 

EARNINGS PER SHARE

                                

Basic

   $ 0.49     $ 0.24     $ 1.57     $ 0.88  

Diluted

   $ 0.48     $ 0.24     $ 1.55     $ 0.88  

 

 

6
 

 

   

Three Months Ended

    

Nine months ended

  
   

March 31,

    

March 31,

  
   

2026

    

2025

    

2026

    

2025

  
                                 

Selected Operating Ratios(1):

                                

Average interest rate spread

     3.13 %     2.66 %     3.04 %     2.44 %

Net interest margin

     3.75 %     3.33 %     3.68 %     3.14 %

Return on average assets

     0.96 %     0.50 %     1.02 %     0.58 %

Return on average equity

     10.18 %     5.59 %     11.03 %     6.85 %
                                 

Asset Quality Ratios(2):

                                

Non-performing assets as a percent of total assets

     0.65 %     0.49 %     0.65 %     0.49 %

Allowance for credit losses as a percent of non-performing loans

     140.40 %     215.44 %     140.40 %     215.44 %

Allowance for credit losses as a percent of total loans receivable

     1.00 %     1.00 %     1.00 %     1.00 %
                                 

Per Share Data:

                                

Shares outstanding at period end

     3,059,889       3,118,764       3,059,889       3,118,764  

Weighted average shares outstanding:

                                

Basic

     3,016,628       3,061,928       3,015,888       3,062,511  

Diluted

     3,070,024       3,087,624       3,057,429       3,081,233  

Book value per share at period end

   $ 18.96     $ 17.55     $ 18.96     $ 17.55  
____________________                                

(1) Ratios for the three and nine month periods are annualized.

                                

(2) Asset quality ratios are end of period ratios.

                                

 

 

 

CONTACT:

James R. Barlow

Chairman of the Board, President and Chief Executive Officer

(318) 222-1145

 

 

7

Source: View Original Filing on SEC EDGAR

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