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HFBL Home Federal Bancorp of Louisiana News Story

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FinancialsBalancedMicro CapSuper Stock

Home Federal Bancorp's Q1 profit surges on higher net interest income

Overview

Home Federal Bancorp fiscal Q1 net income rises to $1.599 mln from $941,000 yr/yr

Company's net interest income increases by $834,000, contributing to higher profitability

Non-interest income rises by $350,000, driven by reduced real estate losses

Outlook

Company did not provide specific guidance for future periods in press release

Result Drivers

NET INTEREST INCOME - Increase driven by a $565,000 reduction in interest expense and a $269,000 rise in interest income

NON-INTEREST INCOME - Growth due to a $254,000 decrease in real estate sale losses and a $50,000 gain on loan sales

NON-INTEREST EXPENSE - Decrease attributed to reduced compensation and benefits, audit fees, and taxes

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Net Income$1.59 mln
Q1 Net Interest Income$5.26 mln
Q1 Pretax Profit$2.01 mln
Press Release: ID:nGNX6PZxT5 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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