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If Bancorp Inc - IROQ STOCK NEWS

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.

Overview of IF Bancorp Inc.

IF Bancorp Inc. (NASDAQ: IROQ) serves as the savings and loan holding company for Iroquois Federal Savings and Loan Association, a community-focused financial institution offering a diverse range of banking and financial services. Headquartered in the United States, the company operates within the highly competitive financial services industry, catering to both individual and corporate clients. Its operations are rooted in the traditional community banking model, emphasizing personalized service and localized expertise.

Core Business Model

The company’s primary business involves accepting deposits from the public and utilizing those funds to provide a variety of loans and financial products. This model generates revenue primarily through interest income from loans and fees associated with deposit accounts. Additionally, IF Bancorp diversifies its earnings by offering insurance products, investment services, and retirement planning solutions, which include annuities, mutual funds, and managed accounts. This diversification helps mitigate risks associated with reliance on a single revenue stream.

Product and Service Offerings

  • Deposit Accounts: The company offers a wide array of deposit products, including savings accounts, certificates of deposit, money market accounts, personal and commercial checking accounts, individual retirement accounts (IRAs), and health savings accounts (HSAs).
  • Lending Services: IF Bancorp provides various loan products, such as one-to-four-family residential mortgage loans, multi-family mortgage loans, commercial real estate loans (including farm loans), home equity lines of credit, construction loans, and consumer loans (e.g., automobile loans).
  • Financial Services: Beyond traditional banking, the company offers property and casualty insurance, life and health insurance, disability insurance, individual securities, and group retirement plans. These services are designed to meet the broader financial needs of its customers.

Market Position and Competitive Landscape

Operating within the community banking sector, IF Bancorp competes with regional banks, credit unions, and other financial institutions. Its localized approach and comprehensive service offerings provide a competitive advantage in building strong customer relationships. However, the company faces challenges such as economic fluctuations, regulatory compliance, and competition from larger banks with greater resources and technological capabilities.

Value Proposition

IF Bancorp’s value lies in its ability to offer a one-stop solution for banking, lending, insurance, and investment needs. Its diversified product portfolio allows it to cater to a wide range of customers, from individuals to small businesses and agricultural clients. The company’s focus on personalized service and community engagement further strengthens its position as a trusted financial partner.

Challenges and Considerations

Like many community banks, IF Bancorp must navigate challenges such as maintaining profitability amidst margin pressures, adapting to technological advancements, and managing credit risks. Its ability to balance traditional banking services with innovative financial solutions will likely play a key role in sustaining its market relevance.

Conclusion

IF Bancorp Inc. represents a robust community banking institution with a diversified range of financial services. By combining traditional banking practices with modern financial products, the company maintains its relevance in a competitive and evolving industry. Its commitment to personalized service and community involvement underscores its role as a vital player in the financial services landscape.

Rhea-AI Summary
IF Bancorp, Inc. (NASDAQ: IROQ) reported unaudited net income of $466,000 for Q3 2023, compared to $2.0 million in Q3 2022. Net interest income decreased to $4.6 million from $6.3 million, while interest income increased to $9.3 million from $7.1 million. Noninterest income decreased to $1.1 million from $1.2 million. Total assets increased to $870.7 million from $849.0 million. Deposits decreased to $687.1 million from $735.3 million. Stockholders' equity decreased to $66.6 million from $71.8 million.
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IF Bancorp, Inc. (NASDAQ: IROQ) announces net income of $4.7 million for fiscal year 2023, a decrease of 19.4% compared to the previous year. Interest income increased to $32.1 million, while non-interest income decreased to $4.1 million. Total assets decreased to $849.0 million. The company will pay a cash dividend of $0.20 per common share.
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IF Bancorp, Inc. (IROQ) announces a cash dividend of $0.20 per common share, continuing its commitment to enhancing stockholder value. The dividend will be paid on October 13, 2023, to stockholders of record as of September 22, 2023. The company's President and CEO, Walter H. Hasselbring, III, expressed the intention to continue paying semiannual dividends in the future, depending on the financial position and other conditions. Iroquois Federal Savings and Loan Association operates in Illinois and Missouri, offering a range of retail and commercial lending and deposit services.
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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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IF Bancorp, Inc. (NASDAQ: IROQ) reported unaudited net income of $1.4 million, or $0.44 per basic share, for the three months ending December 31, 2022, a decrease from $1.7 million, or $0.56 per share in 2021. Net interest income rose to $6.0 million from $5.7 million year-over-year. A provision for credit losses was recorded at $101,000, contrasting with a credit loss of $(76,000) in 2021. Non-interest income declined to $868,000 from $1.4 million. Total assets decreased to $823.7 million. Deposits fell sharply to $667.3 million, influenced by a $57.6 million public entity withdrawal. Stockholders’ equity was $71.1 million, down from $71.7 million.

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IF Bancorp, Inc. (NASDAQ: IROQ) reported unaudited net income of $2.0 million for Q3 2022, a slight increase from $1.9 million in Q3 2021. Basic earnings per share were $0.63, up from $0.62 year-over-year. Net interest income rose to $6.3 million from $5.6 million. However, noninterest income fell to $1.2 million from $1.5 million, and noninterest expenses increased to $4.8 million. Total assets decreased to $806.9 million from $857.6 million, with a significant decline in cash and cash equivalents. Stockholders’ equity also dropped to $67.5 million.

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IF Bancorp, Inc. (NASDAQ: IROQ) reported a net income of $5.8 million or $1.88 per basic share for the fiscal year ending June 30, 2022, up from $5.3 million or $1.76 per basic share in 2021. The company also recorded a quarterly net income of $1.0 million for Q4 2022, unchanged from Q4 2021. Total assets increased to $857.6 million, while deposits rose to $752.0 million. However, non-interest income fell to $5.5 million, and stockholders’ equity decreased to $71.7 million.

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IF Bancorp, Inc. (NASDAQ: IROQ) announced a cash dividend of $0.20 per common share, payable on October 14, 2022, to stockholders of record by September 23, 2022. President and CEO Walter H. Hasselbring, III, expressed commitment to enhancing stockholder value through ongoing dividend payments, contingent on the company’s financial stability. Iroquois Federal Savings and Loan Association operates across several locations in Illinois and Missouri, providing various retail and commercial banking services.

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IF Bancorp, Inc. (NASDAQ: IROQ) reported unaudited net income of $1.2 million, or $0.37 per share for the three months ended March 31, 2022, down from $1.6 million, or $0.51 per share a year earlier. Net interest income increased to $5.4 million from $5.0 million. The company recorded a loan loss provision of $242,000, contrasting with a credit for loan losses of $(101,000) in the prior year. For the nine months ended March 31, net income was $4.7 million, up from $4.4 million in the same period in 2021, with total assets at $786.4 million.

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FAQ

What is the current stock price of If Bancorp (IROQ)?

The current stock price of If Bancorp (IROQ) is $24.205 as of March 6, 2025.

What is the market cap of If Bancorp (IROQ)?

The market cap of If Bancorp (IROQ) is approximately 78.2M.

What is IF Bancorp Inc.'s primary business?

IF Bancorp Inc. operates as a savings and loan holding company, providing banking, lending, insurance, and investment services through Iroquois Federal Savings and Loan Association.

What types of loans does IF Bancorp offer?

The company offers residential and multi-family mortgage loans, commercial real estate loans, construction loans, home equity lines of credit, and consumer loans such as automobile loans.

How does IF Bancorp generate revenue?

The company earns revenue through interest income from loans, fees on deposit accounts, and commissions from selling insurance and investment products.

What sets IF Bancorp apart from competitors?

Its focus on personalized service, community engagement, and a comprehensive range of financial products differentiates it from larger banks and regional competitors.

Does IF Bancorp offer investment services?

Yes, IF Bancorp provides investment services, including annuities, mutual funds, individual securities, and managed accounts.

What challenges does IF Bancorp face in its market?

The company faces challenges such as regulatory compliance, competition from larger financial institutions, and economic factors affecting loan performance and deposit growth.

What types of deposit accounts does IF Bancorp provide?

It offers savings accounts, certificates of deposit, money market accounts, personal and commercial checking accounts, IRAs, and HSAs.

Does IF Bancorp offer insurance products?

Yes, the company provides property and casualty insurance, life and health insurance, and disability insurance.
If Bancorp Inc

Nasdaq:IROQ

IROQ Rankings

IROQ Stock Data

78.16M
2.14M
36.52%
27.96%
0.24%
Banks - Regional
Savings Institution, Federally Chartered
Link
United States
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