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.
Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) declared a quarterly cash dividend of $0.0825 per share on April 21, 2021. The dividend is payable on May 17, 2021, to shareholders on record by May 3, 2021. Chairman James R. Barlow emphasized that this dividend follows a 2-for-1 stock split and aims to maintain similar total cash dividends post-split. Home Federal Bancorp operates several banking offices in northwest Louisiana.
Home Federal Bancorp, Inc. of Louisiana (HFBL) announced a two-for-one stock split in the form of a 100% stock dividend, effective March 31, 2021, for shareholders on record as of March 22, 2021. This will increase the outstanding shares from 1.7 million to 3.4 million without altering the par value of $0.01 per share. The quarterly cash dividend will adjust to $0.0825 per share, post-split, reflecting a continued commitment to shareholder value. CEO James R. Barlow emphasized the stock split aims to enhance liquidity and attract new investors.
Home Federal Bancorp reported strong financial results for Q2 2020, with net income reaching $1.4 million, up from $588,000 in the same quarter last year. Basic earnings per share (EPS) stood at $0.87, nearly triple from $0.35 in Q2 2019. For the first half, net income was $2.7 million, up from $1.8 million year-over-year. Deposits rose 3.7% to $477.9 million, while mortgage loans originated were $114.9 million. Despite an increase in provisions for loan losses due to COVID-19, the overall outlook remains positive with a focus on community support and loan modifications.
Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) announced a quarterly cash dividend of $0.165 per share, payable on February 15, 2021, to shareholders of record as of February 1, 2021. This decision reflects the Company's ongoing commitment to returning value to shareholders.
Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) has announced a new stock repurchase program, authorizing the buyback of up to 85,000 shares, representing around 5% of its outstanding common stock. This repurchase will occur through open market or privately negotiated transactions and is notable for having no expiration date. This initiative reflects the company's ongoing commitment to enhancing shareholder value.
Home Federal Bancorp reported net income of $1.2 million for Q3 2020, unchanged from Q3 2019. Earnings per share were $0.76 basic and $0.74 diluted, compared to $0.73 and $0.68 in the prior year. Total deposits rose by $22.9 million (5.0%) to $483.7 million. Mortgage loans originated for sale were $60.3 million, up from $24.4 million. However, the company set aside $700,000 for loan losses, significantly up from $175,000 a year prior, reflecting COVID-19 impacts. Total assets grew to $541.6 million, while total liabilities increased by $22.9 million.
Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL) announced on October 21, 2020, a quarterly cash dividend of $0.165 per share on its common stock. This dividend will be payable on November 16, 2020, to shareholders of record by the close of business on November 2, 2020.
The bank operates seven full-service offices in northwest Louisiana, providing various banking services to its community.
Home Federal Bank (HFBL) announced a cash bonus of up to $1,000 for eligible non-exempt employees, with approximately 60% of its staff set to benefit. This decision, made in response to COVID-19 challenges, underscores the bank's commitment to employee well-being and job security. CEO Jim Barlow emphasized the importance of recognizing employees' hard work, particularly amidst the resurgence of local Coronavirus cases. The bonus initiative reflects a commitment to both employee morale and the future growth of the bank.
Home Federal Bancorp of Louisiana (Nasdaq: HFBL) reported a net income of $1.0 million for Q3 2020, down from $1.2 million in Q3 2019. Yearly net income also declined to $3.9 million from $4.7 million. Basic and diluted EPS fell to $0.63 and $0.61 for Q3 2020, compared to $0.66 and $0.62 in Q3 2019. Total deposits rose 18.7% to $460.8 million. Loans increased by 11.0% to $359.9 million. The company funded 374 SBA PPP loans totaling $46.2 million, demonstrating community support amid COVID-19. However, non-interest expenses surged by 14.4%, and loan loss provisions spiked by 200%.
