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KFFB — Kentucky First Federal Bancorp News Story

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Kentucky First Federal Bancorp's Q1 net income rises

Overview

Kentucky First fiscal Q1 net income rises to $344,000 from a loss last year

Net interest income for fiscal Q1 grows 33.9% to $2.5 mln

Company reports no provision for credit loss in fiscal Q1

Outlook

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

Result Drivers

NET INTEREST INCOME - Increased 33.9% due to higher interest income and decreased interest expense

NO PROVISION FOR LOAN LOSS - Co recorded no provision for credit loss, citing sufficient allowance

NON-INTEREST INCOME - Increased due to net gains on sales of loans driven by demand for fixed-rate loans

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Net Income$344,000
Q1 Net Interest Income$2.50 mln
Q1 Pretax Profit$453,000
Press Release: ID:nGNX7QRdkN 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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