IF Bancorp Q1 net income more than doubles

IF Bancorp

31/10/2025 20:24

Corrects to remove alliance with ServBank as a factor for profitability in third bullet of Overview

Overview

IF Bancorp fiscal Q1 net income rises to $1.4 mln, up from $633,000 last year

Net interest income for fiscal Q1 increases to $6.2 mln from $4.8 mln

Company attributes profitability to loan repricing

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

NET INTEREST INCOME - Increase attributed to loan repricing and favorable funding mix in current interest rate environment

INTEREST EXPENSE - Decrease in interest expense contributed to improved net interest income

CREDIT PROVISION - Credit to provision for credit losses supported profitability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$1.39 mln
Q1 Net Interest Income
$6.18 mln
Q1 Pretax Profit
$1.90 mln
Q1 Provision for Credit Losses
$42,000


Press Release: ID:nBw1FS7nda

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(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.)