Home Federal Bancorp(HFBL) - 2026 Q2 - Quarterly Results

Financial Performance - Net income for the three months ended December 31, 2025, was $1.675 million, a 64.3% increase from $1.020 million in the same period of 2024[2] - Basic and diluted earnings per share for the three months ended December 31, 2025, were $0.55 and $0.54, respectively, compared to $0.33 for the same period in 2024[2] - Net income for the six months ended December 31, 2025, was $3.274 million, compared to $1.961 million for the same period in 2024, reflecting a year-over-year increase of 67.0%[21] - Basic earnings per share for the six months ended December 31, 2025, was $1.09, compared to $0.64 for the same period in 2024, representing an increase of 70.3%[21] Income and Interest - Net interest income increased by $777,000, or 16.9%, for the three months ended December 31, 2025, driven by a $405,000 increase in total interest income[3] - Non-interest income for the three months ended December 31, 2025, increased by $150,000, or 30.7%, compared to the prior year[3] - Net interest income after provision for credit losses was $10.486 million for the six months ended December 31, 2025, compared to $9.204 million for the same period in 2024, an increase of 13.9%[21] Assets and Liabilities - Total assets increased by $11.957 million, or 2.0%, from $609.492 million at June 30, 2025, to $621.449 million at December 31, 2025[10] - Total liabilities rose by $9.413 million, or 1.7%, from $554.287 million at June 30, 2025, to $563.700 million at December 31, 2025[11] - Total assets rose to $621.449 million at December 31, 2025, up from $609.492 million at June 30, 2025, indicating a growth of approximately 1.6%[19] - Total deposits increased to $554.877 million at December 31, 2025, from $546.290 million at June 30, 2025, a rise of approximately 1.0%[19] Equity and Book Value - Book value per share increased to $18.76 at December 31, 2025, from $17.90 at June 30, 2025[5] - Stockholders' equity increased by $2.544 million, or 4.6%, from $55.205 million at June 30, 2025, to $57.749 million at December 31, 2025[14] Credit Quality - The provision for credit losses increased by $64,000, or 142.2%, for the three months ended December 31, 2025[3] - The allowance for credit losses as a percentage of total loans receivable was 0.93% at December 31, 2025, compared to 1.02% at June 30, 2025[22] - Non-performing assets decreased to $2.533 million at December 31, 2025, from $3.305 million at June 30, 2025, representing a reduction of approximately 23.3%[13] Interest Rate and Returns - The average interest rate spread improved to 3.03% for the three months ended December 31, 2025, compared to 2.40% for the same period in 2024[3] - The return on average assets was 1.07% for the three months ended December 31, 2025, up from 0.65% for the same period in 2024[22] Funding Sources - The Company reported zero dependency on wholesale funding, with no brokered deposits or FHLB advances at December 31, 2025[5]