Welcome to our dedicated page for If Bancorp news (Ticker: IROQ), a resource for investors and traders seeking the latest updates and insights on If Bancorp stock.
IF Bancorp Inc (IROQ) provides essential banking services through its subsidiary Iroquois Federal Savings and Loan Association. This news hub offers investors and stakeholders timely updates about this savings and loan holding company's operations.
Access comprehensive coverage of earnings announcements, regulatory filings, and strategic initiatives. Our curated collection includes press releases about mortgage lending developments, deposit product updates, and leadership changes within the organization.
Key updates focus on residential/commercial lending activities, financial results, and compliance with banking regulations. Users will find detailed information about product launches, corporate governance matters, and industry participation.
Bookmark this page for ongoing access to verified updates about IF Bancorp's financial services. Check regularly for new information about loan portfolio performance, interest rate strategies, and community banking initiatives.
IF Bancorp (NASDAQ: IROQ) reported net income of $1.8 million ($0.57 per share) for the fiscal year ended June 30, 2024, down from $4.7 million ($1.50 per share) in 2023. For Q4 2024, net income was $431,000 ($0.13 per share), compared to $597,000 ($0.19 per share) in Q4 2023. Key financial highlights include:
- Net interest income decreased to $17.7 million from $22.0 million
- Interest income increased to $41.0 million from $32.1 million
- Interest expense rose to $23.3 million from $10.1 million
- Total assets grew to $887.7 million from $849.0 million
- Net loans receivable increased to $639.3 million from $587.5 million
- Deposits decreased to $727.2 million from $735.3 million
The company announced a cash dividend of $0.20 per share, payable on October 18, 2024.
IF Bancorp, Inc. (NASDAQ: IROQ), the holding company for Iroquois Federal Savings and Loan Association, has announced a cash dividend of $0.20 per common share. The dividend will be paid on October 18, 2024, to stockholders of record as of the close of business on September 27, 2024. Walter H. Hasselbring, III, President and CEO, expressed the company's commitment to enhancing stockholder value through semiannual dividend payments, subject to financial conditions. Iroquois Federal operates from seven full-service banking offices in Illinois and a loan production office in Missouri, offering a range of retail and commercial lending and deposit services.
IF Bancorp, Inc. announced unaudited net income of $708,000 for Q3 FY 2024, with net interest income at $4.3 million. The Company reported a decrease in net income and interest income compared to the same period in 2023. However, interest expense and non-interest income increased. Total assets, loans receivable, and stockholders' equity saw an increase, while deposits decreased. The Company remains focused on navigating the challenging interest rate environment.
IF Bancorp, Inc. (NASDAQ: IROQ) announced a cash dividend of $0.20 per common share, payable on April 14, 2023, to shareholders of record as of March 24, 2023. President and CEO Walter H. Hasselbring, III, expressed confidence in the company's long-term commitment to enhancing stockholder value, indicating plans for future semiannual dividends, contingent on financial conditions. Iroquois Federal Savings and Loan Association, a community-oriented financial institution, operates seven full-service banking offices across Illinois and one in Missouri, offering various retail and commercial lending and deposit services.
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