Home Federal Bancorp(US:HFBL)2025-05-01 20:34Financial Performance - Net income for the three months ended March 31, 2025, was $748,000, a slight increase from $732,000 for the same period in 2024[1] - Basic and diluted earnings per share for the three months ended March 31, 2025, were $0.24, unchanged from the same period in 2024[1] - Net income for the nine months ended March 31, 2025, decreased to $2.7 million from $3.0 million for the same period in 2024[1] - Non-interest income for the nine months ended March 31, 2025, increased by $248,000, or 23.0%, compared to the same period in 2024[3] - Net income for the nine-month period was $2.7 million, down from $2.955 million in the previous year, indicating a decrease of 8.4%[19] - Total interest income decreased to $22.824 million for the nine months ended March 31, 2025, compared to $24.044 million for the same period in 2024, a decline of 5.1%[19] Asset and Liability Management - Total assets decreased by $17.9 million, or 2.8%, from $637.5 million at June 30, 2024, to $619.6 million at March 31, 2025[8] - Total liabilities decreased by $19.8 million, or 3.4%, from $584.7 million at June 30, 2024, to $564.9 million at March 31, 2025[9] - Total deposits decreased by $17.2 million, or 3.0%, from $574.0 million at June 30, 2024, to $556.8 million at March 31, 2025[9] - Total assets decreased to $619.624 million as of March 31, 2025, from $637.512 million at June 30, 2024, a reduction of 2.8%[17] - Total deposits declined to $556.763 million as of March 31, 2025, from $574.007 million at June 30, 2024, a decrease of 3.0%[17] Equity and Book Value - Book value per share increased to $17.55 at March 31, 2025, from $16.80 at June 30, 2024[4] - Shareholders' equity rose by $1.9 million, or 3.6%, from $52.8 million at June 30, 2024, to $54.7 million at March 31, 2025[12] Credit Quality - As of March 31, 2025, non-performing assets increased to $3.0 million from $1.9 million at June 30, 2024, representing a 57.9% increase[10] - Non-performing assets as a percentage of total assets increased to 0.49% as of March 31, 2025, from 0.37% at June 30, 2024[20] - The allowance for credit losses as a percentage of total loans receivable was 1.00% as of March 31, 2025, up from 0.97% at June 30, 2024[20] Interest Income and Rates - Net interest income for the three months ended March 31, 2025, increased by $270,000, or 6.1%, compared to the same period in 2024[2] - Average interest rate spread improved to 2.66% for the three months ended March 31, 2025, compared to 2.16% for the same period in 2024[2] - The average interest rate spread improved to 2.66% for the three months ended March 31, 2025, compared to 2.16% for the same period in 2024[20] - Basic earnings per share remained stable at $0.24 for the three months ended March 31, 2025, consistent with the same period in 2024[19]