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Stock impact report

Kentucky First Federal Bancorp Releases Earnings

Kentucky First Federal Bancorp (KFFB) 
Company Research Source: GlobeNewswire
HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., Nov. 12, 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 net loss of $15,000 or $0.00 diluted earnings per share for the three months ended September 30, 2024, compared to a net loss of $175,000 or $(0.02) diluted earnings per share for the three months ended September 30, 2023, an increase of $160,000 or 91.4%. The decrease in net loss for the quarter ended September 30, 2024 was primarily attributable to higher net interest income and higher non-interest income, which were partially offset by lower income tax benefit and higher non-interest expense. Net interest income increased $200,000 or 12.0% to $1.9 million due primarily to interest income increasing more than interest expense increased period to period. Interest Show less Read more
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