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.
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|Publication:||M2 EquityBites (EQB)|
|Article Type:||Financial report|
|Date:||Sep 2, 2019|
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