IF Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2022
April 29, 2022 at 04:15 pm EDT
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IF Bancorp, Inc. reported earnings results for the third quarter and nine months ended March 31, 2022. For the third quarter, the company reported net interest income was USD 5.39 million compared to USD 5.02 million a year ago. Net income was USD 1.15 million compared to USD 1.56 million a year ago. Basic earnings per share from continuing operations was USD 0.37 compared to USD 0.51 a year ago. Diluted earnings per share from continuing operations was USD 0.37 compared to USD 0.5 a year ago.
For the nine months, net interest income was USD 16.64 million compared to USD 14.96 million a year ago. Net income was USD 4.75 million compared to USD 4.35 million a year ago. Basic earnings per share from continuing operations was USD 1.55 compared to USD 1.43 a year ago. Diluted earnings per share from continuing operations was USD 1.52 compared to USD 1.42 a year ago.
IF Bancorp, Inc. operates as a holding company for Iroquois Federal Savings and Loan Association (Iroquois Federal). The Company is primarily engaged in the business of directing, planning, and coordinating the business activities of Iroquois Federal. Iroquois Federal operates as a federally chartered savings association. Its business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in a range of loans. The Company offers a range of deposit accounts, including savings accounts, certificates of deposit, money market accounts, and commercial and personal checking accounts, among others. It also offers alternative delivery channels, including automated teller machines (ATMs), online banking and bill pay, and mobile banking with mobile deposit and bill pay. It conducts its operations in seven full-service banking offices, and a loan production and wealth management office in Missouri.