Printer Friendly

IF Bancorp announces financial results.

M2 EQUITYBITES-September 2, 2019--IF Bancorp announces financial results

(C)2019 M2 COMMUNICATIONS http://www.m2.com

Global Banking News - 02 September 2019

IF Bancorp Inc. (NASDAQ: IROQ), the holding company for Iroquois Federal Savings and Loan Association, has reported net income of USD3.6m, or USD1.02 per basic share and USD1.01 per diluted share for the fiscal year ended June 30, 2019, compared to USD1.7m, or USD0.47 per basic and diluted share, for the fiscal year ended June 30, 2018.

The company has also reported net income of USD1.0m, or USD0.31 per basic share and USD0.30 per diluted share for the three months ended June 30, 2019, compared to USD497,000, or USD0.14 per basic and diluted share, for the three months ended June 30, 2018.

Total assets at June 30, 2019 were USD723.9m compared to USD638.9m at June 30, 2018. Net loans receivable increased to USD487.8m at June 30, 2019, from USD476.5m at June 30, 2018. Deposits increased to USD607.0m at June 30, 2019, from USD480.4m at June 30, 2018.

As announced on August 14, 2019, IF Bancorp Inc. will pay a cash dividend of USD0.15 per common share on or about October 18, 2019 to stockholders of record as of September 23, 2019. This dividend reflects a 20.0 percent increase over its last dividend paid in April 2019.

A community-oriented financial institution headquartered in Watseka, Illinois, Iroquois Federal Savings and Loan Association offers a broad range of retail and commercial lending and deposit services. It operates from its seven full-service banking offices located in Watseka, Danville, Clifton, Hoopeston, Savoy and Bourbonnais, and Champaign, Illinois and a loan production and wealth management office in Osage Beach, Missouri.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2019 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Article Type:Financial report
Date:Sep 2, 2019
Words:318
Previous Article:Capital City Bank Group increases dividend.
Next Article:Visa to attend upcoming investor conferences.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |