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Stock impact report

IF Bancorp, Inc. Announces Results for Second Quarter of Fiscal Year 2019

IF Bancorp, Inc. (IROQ) 
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/1032002
Company Research Source: Business Wire
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 $787,000, or $0.22 per basic and diluted share, for the three months ended December 31, 2018, compared to net loss of $(728,000), or $(0.20) per basic and diluted share, for the three months ended December 31, 2017. The quarter ended December 31, 2017 included an additional $1.3 million income tax expense due to a downward adjustment to our net deferred tax assets (“DTA”) related to the Tax Cuts and Jobs Act (the “Tax Act”) enacted on December 22, 2017. The Tax Act provided for a reduction in the corporate income tax rate from 35% to 21% effective January 1, 2018, which resulted in the downward adjustment to our DTA. For the three months ended December 31, 2018, net interest income was $4.5 million com Show less Read more
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