If Bancorp, Inc. Reports Earnings Results for the Second Quarter Ended December 31, 2019
January 31, 2020 at 02:45 am IST
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IF Bancorp, Inc. announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced net interest income was USD 4.341 million compared to USD 4.491 million a year ago. Net income was USD 964,000 compared to USD 787,000 a year ago. Basic earnings per share was USD 0.32 compared to USD 0.22 a year ago. Diluted earnings per share was USD 0.31 compared to USD 0.22 a year ago. For the half year, net interest income was USD 8.927 million compared to USD 8.953 million a year ago. Net income was USD 2.064 million compared to USD 1.721 million a year ago. Basic earnings per share was USD 0.65 compared to USD 0.48 a year ago. Diluted earnings per share was USD 0.64 compared to USD 0.47 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. 
