Home Federal Bancorp(US:HFBL)2025-10-23 20:37Financial Performance - Net income for the three months ended September 30, 2025, was $1.599 million, an increase of 70.0% compared to $941,000 for the same period in 2024[1][2] - Basic and diluted earnings per share were $0.53 and $0.52, respectively, for the three months ended September 30, 2025, compared to $0.31 for the same period in 2024[1][2] - Net interest income rose to $5,261 thousand for the three months ended September 30, 2025, compared to $4,427 thousand for the same period in 2024, an increase of 18.8%[19] - Return on average assets increased to 1.03% for the three months ended September 30, 2025, up from 0.59% in the prior year[20] - Basic earnings per share increased to $0.53 for the quarter, compared to $0.31 in the same period last year, a growth of 70.97%[19] - Book value per share improved to $18.46, up from $17.34 in the prior year, indicating a year-over-year increase of 6.47%[20] Income and Revenue Sources - Net interest income increased by $834,000, or 18.8%, while non-interest income rose by $350,000, or 116.7% compared to the prior year[2][6] - The Company reported a 65 basis point increase in net interest margin compared to the same period in 2024[5] Asset and Liability Management - Total assets increased by $13.138 million, or 2.2%, from $609.492 million at June 30, 2025, to $622.630 million at September 30, 2025[8] - Total liabilities rose by $11.752 million, or 2.1%, from $554.287 million at June 30, 2025, to $566.039 million at September 30, 2025[9] - Stockholders' equity increased by $1.386 million, or 2.5%, from $55.205 million at June 30, 2025, to $56.591 million at September 30, 2025[11] - Total deposits reached $557,188 thousand, an increase from $546,290 thousand as of June 30, 2025, marking a growth of 1.65%[17] - Total assets increased to $622,630 thousand as of September 30, 2025, up from $609,492 thousand on June 30, 2025, representing a growth of 1.87%[17] Asset Quality - Non-performing assets decreased to $2.225 million at September 30, 2025, down from $3.305 million at June 30, 2025[10] - Non-performing assets as a percentage of total assets were 0.36% at the end of the quarter, slightly up from 0.31% in the previous year[20] - The allowance for credit losses as a percentage of total loans receivable decreased to 0.94% from 1.03% year-over-year[20] Interest Rate Metrics - The average interest rate spread improved to 2.99% for the three months ended September 30, 2025, up from 2.23% in the same period of 2024[2] - The Company had zero dependency on wholesale funding, with no brokered deposits or FHLB advances at September 30, 2025[5]