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Kentucky First Federal Bancorp Announces Fiscal Year Results

Kentucky First Federal Bancorp (KFFB) 
Company Research Source: GlobeNewswire
HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Kentucky First Federal Bancorp (Nasdaq: KFFB), the holding company (the “Company”) for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced a goodwill impairment charge of $947,000 that contributed to a net loss of $1.1 million or ($0.13) diluted earnings per share for the three months ended June 30, 2024, compared to net earnings of $42,000 or $0.00 diluted earnings per share for the three months ended June 30, 2023. For the twelve months ended June 30, 2024, the goodwill impairment charge contributed to the net loss of $1.7 million or ($0.21) diluted earnings per share compared to net earnings of $933,000 or $0.11 diluted earnings per share for the twelve months ended June 30, 2023. The Company recorded a goodwill impairment charge, which had no tax impact, of $947,000, or $0.12 per common share, during Show less Read more
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