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Stockreport

IF Bancorp, Inc. Announces Results for Third Quarter of Fiscal Year 2017

IF BANCORP (IROQ)  More Company Research Source: Business Wire
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/1032002
PDF WATSEKA, Ill.--(BUSINESS WIRE)-- IF Bancorp, Inc. (NASDAQ: IROQ) (the “Company”) the holding company for Iroquois Federal Savings and Loan Association (the “Association”), announced unaudited net income of $844,000, or $0.23 per basic and diluted share, for the three months ended March 31, 2017, compared to $944,000, or $0.25 per basic and diluted share, for the three months ended March 31, 2016. For the three months ended March 31, 2017, net interest income was $4.4 million compared to $4.3 million for the three months ended March 31, 2016. The provision for loan losses was $192,000 for the three months ended March 31, 2017, compared to a provision of $254,000 for the three months ended March 31, 2016. Interest and dividend income increased to $5.3 million for the three months ended March 31, 2017, from $5.1 million for the three months ended March 31, 2016. Interest expense increased to $898,000 for th [Read more]

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