Kentucky First Federal Bancorp announced a net income of $176,000 for the quarter ended June 30, 2025, compared to a net loss of $1.1 million for the same period in 2024. Net earnings for the twelve months ended June 30, 2025, were $181,000, compared to a net loss of $1.7 million for the twelve months ended June 30, 2024.

The increase in net earnings was due to the lack of a goodwill impairment charge and an increase in net interest income. The average rate earned on interest-earning assets increased to 5.25%, leading to a 21.1% increase in net interest income for the quarter.

Non-interest income increased by $59,000 for the quarter ended June 30, 2025, primarily due to net gains on sales of loans increasing by $39,000 compared to the same period in 2024. Non-interest expense also increased by $88,000, mainly due to data processing fees.

Total assets at June 30, 2025, totaled $371.2 million, with a decrease in loans offset by an increase in cash and cash equivalents. Shareholders’ equity increased by $372,000 to $48.4 million. Book value per share was reported as $5.98.

Kentucky First Federal Bancorp is the parent company of First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky. Shares are traded on the Nasdaq National Market under the symbol KFFB. At June 30, 2025, the Company had approximately 8,086,715 shares outstanding.

The Company’s actual results may differ from forward-looking statements due to various factors, including economic conditions, interest rates, and regulatory requirements. The Company does not undertake the obligation to revise forward-looking statements to reflect future events or circumstances.

Read more at GlobeNewswire: Kentucky First Federal Bancorp Announces Fiscal Year