Quarterly ResultMay 11, 2026, 03:44 PM
Kentucky First Federal Bancorp Q3 Net Income $581K, EPS $0.07
AI Summary
Kentucky First Federal Bancorp reported a substantial increase in net income for the three months ended March 31, 2026, reaching $581,000, or $0.07 diluted EPS, compared to $7,000, or $0.00 diluted EPS, in the prior year. This growth was primarily driven by a 34.5% increase in net interest income to $2.9 million. For the nine-month period, net earnings also saw a significant rise to $1.2 million, or $0.15 diluted EPS. The company's total assets grew to $374.5 million, and shareholders' equity increased to $49.7 million, with book value per share at $6.14.
Key Highlights
- Net income for Q3 2026 was $581,000, a significant increase from $7,000 in Q3 2025.
- Diluted earnings per share for Q3 2026 was $0.07, up from $0.00 in the prior year.
- Net interest income for Q3 increased 34.5% to $2.9 million, driven by higher interest income and lower interest expense.
- Net earnings for the nine months ended March 31, 2026, were $1.2 million, up from $5,000 YoY.
- Total assets increased 0.9% to $374.5 million at March 31, 2026, from $371.2 million at June 30, 2025.
- Shareholders' equity rose 2.7% to $49.7 million at March 31, 2026, compared to June 30, 2025.
- Book value per share was reported at $6.14 as of March 31, 2026.
- Deposits decreased 1.4% to $273.7 million, while FHLB advances increased 14.4% to $48.9 million.