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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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):
February 19, 2026
KENTUCKY FIRST FEDERAL BANCORP
(Exact Name of Registrant as Specified in Its Charter)
| United States |
|
0-51176 |
|
61-1484858 |
| (State or other jurisdiction of |
|
(Commission File Number) |
|
(IRS Employer |
| incorporation or organization) |
|
|
|
Identification No.) |
| 655 Main Street, Hazard, Kentucky |
|
41702 |
| (Address of principal executive offices) |
|
(Zip Code) |
(502) 223-1638
(Registrant’s telephone number, including
area code)
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:
| ☐ |
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)) |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2).
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. ☐
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, $0.01 par value per share |
|
KFFB |
|
The NASDAQ Stock Market LLC |
Item 1.02 Termination of a Material
Definitive Agreement.
On February 19, 2026, the Office of
the Comptroller of the Currency (the “OCC”), the primary federal banking regulator of First Federal Savings Bank of Kentucky
(the “Bank”), the indirect wholly-owned bank subsidiary of Kentucky First Federal Bancorp (the “Company”), published
notification that the OCC has terminated its formal written agreement, dated August 13, 2024 (the “Agreement”), with the Bank.
A summary of the material terms of the Agreement was disclosed in the Company’s Current Report on Form 8-K filed on August 15, 2024,
which summary is qualified in its entirety by reference to the full text of the Agreement filed as Exhibit 10.1 thereto.
As a result of the termination of the
Agreement, the Bank is no longer considered to be in “troubled condition” pursuant to 12 C.F.R. § 5.51(c)(7)(ii) and
is an “eligible savings association” for purposes of 12 C.F.R. § 5.3.
In addition to terminating the Agreement,
the OCC has also lifted the individual minimum capital requirements imposed on the Bank in connection with the Agreement.
A copy of the Company’s press
release announcing the termination of the Agreement is included as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01 Financial Statements and
Exhibits
| Exhibit No. |
|
Description |
| |
|
|
| 99.1 |
|
Press Release dated February 19, 2026 |
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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 hereunto
duly authorized.
| |
KENTUCKY FIRST FEDERAL BANCORP |
| |
|
|
| Date: February 19, 2026 |
By: |
/s/ R. Clay Hulette |
| |
|
R. Clay Hulette |
| |
|
Chief Executive Officer |
Exhibit 99.1
Kentucky First Federal Bancorp
Hazard, Kentucky, Frankfort, Kentucky, Danville, Kentucky and Lancaster,
Kentucky
For Immediate Release February 19, 2026
Contact: Don D. Jennings, President, or Tyler Eades, Vice President
(502) 223-1638
216 West Main Street
P.O. Box 535
Frankfort, KY 40602
KENTUCKY FIRST FEDERAL BANCORP ANNOUNCES TERMINATION
OF THE AGREEMENT BY AND BETWEEN FIRST FEDERAL SAVINGS BANK OF KENTUCKY AND THE OCC
Kentucky First Federal Bancorp (Nasdaq: KFFB), the holding company
(the “Company”) for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky, Frankfort,
Kentucky, announced that the Office of the Comptroller of the Currency (the “OCC”), the primary regulator of First Federal
Savings Bank of Kentucky, has published notification today that it has terminated the OCC’s formal written agreement, dated August
13, 2024 (the “Agreement”), with First Federal Savings Bank of Kentucky.
First Federal Savings Bank of Kentucky President and Chief Executive
Officer, R. Clay Hulette, stated, “We are very pleased to have the Agreement terminated in less than 20 months. We appreciate the
OCC’s timely recognition of our achievements and grateful for the hard work of our team to expeditiously address the issues raised
by the Agreement.”
With the termination of the agreement, the Bank is no longer considered
in “troubled condition” pursuant to 12 C.F.R. § 5.51(c)(7)(ii) and is an
“eligible savings association” for purposes of 12 C.F.R. § 5.3. Further, the individual
minimum capital requirements (“IMCRs”) imposed concurrently with the Agreement will no longer be enforced, although the Bank’s
capital levels have exceeded, and continue to exceed, the IMCRs.
Forward-Looking Statements
This press release may contain statements that
are forward-looking, as that term is defined by the Private Securities Litigation Act of 1995 or the Securities and Exchange Commission
in its rules, regulations and releases. The Company intends that such forward-looking statements be subject to the safe harbors created
thereby. These forward-looking statements may be identified by the use of words such as “believe,” “expect,” “anticipate,”
“plan,” “estimate,” “intend” and “potential,” or words of similar meaning, or future or
conditional verbs such as “should,” “could,” or “may.”
Kentucky First Federal Bancorp’s actual
results, performance or achievements may materially differ from those expressed or implied in the forward-looking statements. Risks and
uncertainties that could cause or contribute to such material differences include, but are not limited to, general economic conditions;
prices for real estate in the Company’s market areas; the interest rate environment and the impact of the interest rate environment
on our business, financial condition and results of operations; our ability to pay future dividends and if so at what level; our ability
to pay dividends from First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky to the Company in
order for the Company to pay dividends to shareholders; the ability of First Federal MHC to receive approval of its members to waive the
payment of any Company dividends to First Federal MHC; competitive conditions in the financial services industry; changes in the level
of inflation; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; changes
in the demand for loans, deposits and other financial services that we provide; the possibility that future credit losses may be higher
than currently expected; competitive pressures among financial services companies; the ability to attract, develop and retain qualified
employees; our ability to maintain the security of our data processing and information technology systems; the outcome of pending or threatened
litigation, or of matters before regulatory agencies; changes in law, governmental policies and regulations, rapidly changing technology
affecting financial services, and the other matters mentioned in Item 1A of the Company’s Annual Report on Form 10-K for the year
ended June 30, 2025. Except as required by applicable law or regulation, the Company does not undertake the responsibility, and specifically
disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect
events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events.
About Kentucky First Federal Bancorp
Kentucky First Federal Bancorp is the parent company
of First Federal Savings and Loan Association of Hazard, which operates one banking office in Hazard, Kentucky, and First Federal Savings
Bank of Kentucky, which operates three banking offices in Frankfort, Kentucky, two banking offices in Danville, Kentucky and one banking
office in Lancaster, Kentucky. Kentucky First Federal Bancorp shares are traded on the Nasdaq National Market under the symbol KFFB. At
December 31, 2025, the Company had approximately 8,086,715 shares outstanding of which approximately 58.5% was held by First Federal MHC.
