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Home Fed Bancorp Inc La - HFBL STOCK NEWS

Welcome to our dedicated page for Home Fed Bancorp La news (Ticker: HFBL), a resource for investors and traders seeking the latest updates and insights on Home Fed Bancorp La stock.

Home Federal Bancorp Inc. of Louisiana (HFBL) provides essential banking services through deposit products, residential/commercial lending, and wealth management solutions across northwest Louisiana. This news hub offers investors and stakeholders a centralized resource for tracking the company's financial developments and market position.

Access timely updates on earnings reports, regulatory filings, and strategic initiatives that shape this regional banking institution's operations. Our curated collection features press releases covering loan portfolio expansions, leadership appointments, and community-focused financial programs.

Key content categories include quarterly financial results, service area expansions, risk management updates, and innovations in consumer banking products. Bookmark this page to monitor HFBL's evolving role in Louisiana's financial landscape and its responses to regional economic trends.

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Home Federal Bancorp announced a new stock repurchase program on February 16, 2022, authorizing the buyback of up to 170,000 shares, or about 5.0% of its outstanding common stock. This program, which can be executed in open market or privately negotiated transactions, does not have a specified expiration date. The initiative aims to enhance shareholder value and reflects the company's commitment to returning capital to its investors.

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Home Federal Bancorp, Inc. (Nasdaq: HFBL) announced a net income of $1.2 million for Q4 2021, down from $1.4 million in Q4 2020. Earnings per share were $0.36, compared to $0.44 the prior year. For the first half of 2021, net income totaled $2.5 million, a decrease from $2.7 million in 2020. Total deposits rose 1.1% to $512.2 million, but time deposits dropped 22.6% to $84.4 million. Gross loans increased 7.5% to $354.6 million. The provision for loan losses decreased significantly to $61,000 from $1.3 million, reflecting improved credit quality.

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Home Federal Bancorp (NASDAQ: HFBL) announced a quarterly cash dividend of $0.10 per share on January 19, 2022. The dividend is set for payment on February 14, 2022, to shareholders on record by January 31, 2022. This reflects the company's commitment to shareholder returns amidst its operations from nine full-service banking offices in northwest Louisiana.

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Home Federal Bancorp (Nasdaq: HFBL) reported a net income of $1.4 million for the quarter ended September 30, 2021, up from $1.2 million a year earlier. Earnings per share increased to $0.42 from $0.38. Total deposits rose by $987,000 to $507.6 million, though time deposits fell by 13.0%. Core loans saw a 6.9% increase. The company has funded 597 SBA PPP loans totaling $68.8 million. A decrease in the provision for loan losses contributed to the income growth, while non-interest income declined by 40.4%.

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Home Federal Bancorp, Inc. (NASDAQ: HFBL) declared a quarterly cash dividend of $0.10 per share on October 20, 2021. This dividend is payable on November 15, 2021, to shareholders of record on November 1, 2021. The company, which operates through seven banking offices in northwestern Louisiana, continues to support its shareholders with regular dividends, reflecting its commitment to returning income to investors.

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Home Federal Bank (HFB), a subsidiary of Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL), has announced the hiring of five banking professionals to establish a new loan production office in Minden, Louisiana. This location will evolve into a full-service banking center. The new team possesses over 100 years of combined banking experience in the Webster Parish market, aiming to enhance banking relationships and support HFB’s local expansion. Additionally, Mike Toland has been appointed to the Advisory Board to represent Webster Parish interests.

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Home Federal Bancorp (Nasdaq: HFBL) reported net income of $1.3 million for Q3 2021, up from $1.0 million in Q3 2020. Basic and diluted EPS increased to $0.40 and $0.37, respectively. For the fiscal year ending June 30, 2021, net income rose to $5.4 million, with EPS at $1.66 and $1.57. Total deposits increased 9.9% to $506.6 million. Time deposits decreased by 30.8%. The bank funded 597 SBA PPP loans, totaling $68.8 million, with 56.1% forgiven. Non-performing assets fell from $7.2 million to $1.4 million year-over-year.

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Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) announced a quarterly cash dividend of $0.10 per share, declared during the Board meeting on July 21, 2021. This dividend, marking the 65th consecutive quarterly payment, will be payable on August 16, 2021, to shareholders of record by August 2, 2021. The dividend reflects a 21.2% increase from previous rates, demonstrating the company's commitment to shareholder value and confidence in its financial stability, with a payout ratio of approximately 24%.

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Home Federal Bank (HFBL) is set to break ground on a new micro branch in West Shreveport, Louisiana, located at 6903 Pines Road. This marks the bank's ninth location, part of an aggressive expansion plan initiated in 2009. The new branch will offer full-service banking, including consumer and commercial lending, mortgage loans, and various deposit accounts, in a smaller footprint. The move aims to address the lack of local banking options, as major banks leave the area, providing critical services to the community.

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Home Federal Bancorp, holding company for Home Federal Bank, reported a net income of $1.4 million for Q1 2021, up from $977,000 in Q1 2020. EPS rose to $0.44 from $0.29. For the nine months ended March 31, 2021, net income reached $4.1 million, compared to $2.8 million in 2020. Total deposits increased 9.7% to $505.4 million, while loan deferrals dropped significantly. A two-for-one stock split was announced, maintaining cash dividends at $0.0825 per share. Challenges remain due to COVID-19, with non-performing assets down to $2.7 million.

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Home Fed Bancorp Inc La

Nasdaq:HFBL

HFBL Rankings

HFBL Stock Data

42.23M
1.82M
41.65%
8.69%
0.17%
Banks - Regional
Savings Institution, Federally Chartered
Link
United States
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