IF Bancorp, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended December 31, 2018
January 30, 2019 at 04:16 pm
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IF Bancorp, Inc. reported unaudited earnings results for the second quarter and six months ended December 31, 2018. For the quarter, the company reported net interest income of $4,491,000 against $4,447,000 a year ago. Net income was $787,000 against loss of $728,000 a year ago. Earnings per basic share were $0.22 against loss of $0.20 a year ago.
For the six months, the company reported net interest income of $8,953,000 against $8,858,000 a year ago. Net income was $1,721,000 against $247,000 a year ago. Earnings per basic share were $0.48 against $0.07 a year ago. Earnings per diluted share was $0.7 against $0.07 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.
IF BANCORP, INC. 
