Welcome to our dedicated page for Kentucky First Federal Bancorp news (Ticker: KFFB), a resource for investors and traders seeking the latest updates and insights on Kentucky First Federal Bancorp stock.
Kentucky First Federal Bancorp (KFFB) is a holding company that focuses on providing exceptional customer service through its subsidiaries. The company is primarily engaged in accepting deposits from the public and using these funds to originate loans, particularly first mortgages on owner-occupied residential real estate. Their operations span across Perry, Franklin, Boyle, and Garrard counties in Kentucky.
Kentucky First Federal Bancorp offers a variety of financial products and services including residential mortgage loans, multi-family loans, construction loans, and various types of deposits. With a commitment to friendly personal service, the company aims to meet the unique needs and goals of its customers, whether they are looking to purchase a home or find the best savings plan.
Under the leadership of President Don Jennings and Vice President Clay Hulette, Kentucky First Federal Bancorp continues to thrive by prioritizing local service handled by local people. The company prides itself on treating customers just like they would like to be treated, ensuring a personalized and effective banking experience.
Recent news includes updates on financial performance, new partnerships, and community involvement, reflecting the company’s ongoing efforts to grow and serve its community better.
Kentucky First Federal Bancorp (KFFB) declared a cash dividend of $0.10 per share, scheduled for payment on May 17, 2021, to shareholders on record by April 30, 2021. The Board emphasized that the dividend reflects the company’s solid capital position and financial health. As of March 31, 2021, KFFB had approximately 8,226,715 shares outstanding, with 57.5% held by First Federal MHC. The company operates seven banking offices across Kentucky, demonstrating a stable operational footprint.
Kentucky First Federal Bancorp (KFFB) has nearly finished its stock repurchase program initiated on December 19, 2018. The Board of Directors has now approved a new program allowing for the purchase of up to 150,000 shares, which will be held as treasury stock. Repurchases will occur through open market purchases or private transactions, depending on market conditions. As of December 31, 2020, approximately 8,236,715 shares were outstanding, with 57.4% held by First Federal MHC.
Kentucky First Federal Bancorp (KFFB) announced a cash dividend of $0.10 per share, payable on February 16, 2021, to shareholders recorded by January 29, 2021. The Board of Directors deemed this dividend payment suitable based on the company's capital position and financial condition. As of December 31, 2020, KFFB had approximately 8,236,715 shares outstanding, with 57.4% held by First Federal MHC. The company operates banking offices in Hazard, Frankfort, Danville, and Lancaster, Kentucky.
Kentucky First Federal Bancorp (KFFB) announced a cash dividend of $0.10 per share, payable on November 16, 2020, to shareholders of record on October 30, 2020. The Board of Directors stated that this decision reflects the Company’s strong capital position and financial condition. As of September 30, 2020, KFFB had approximately 8,244,215 shares outstanding, with around 57.4% held by First Federal MHC. The banking operations include branches in Hazard, Frankfort, Danville, and Lancaster, Kentucky.
Kentucky First Federal Bancorp (KFFB) reported a net loss of $13.3 million or $1.61 per share for the quarter ending June 30, 2020, due to a $13.6 million goodwill impairment charge, representing 93.5% of recorded goodwill. This contrasts with a profit of $300,000 or $0.04 per share in the same quarter of 2019. Despite the loss, adjusted net income showed improvement, with net income of $291,000 or $0.04 per share for the quarter. Total assets fell to $321.1 million, with significant decreases in goodwill and time deposits, while deposits overall increased by 8.4% to $212.3 million.
Kentucky First Federal Bancorp (NASDAQ: KFFB) announced a cash dividend of $0.10 per share, payable on August 17, 2020, to shareholders of record on July 31, 2020. Chairman Tony Whitaker stated that the dividend payment is supported by the company's solid capital position and financial condition. As of June 30, 2020, KFFB had approximately 8,252,215 shares outstanding, with 57.29% held by First Federal MHC. The company operates seven banking offices across Kentucky, providing essential financial services to the community.
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