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KFFB — Kentucky First Federal Bancorp News Story

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Kentucky First Federal Bancorp Q3 net income rises sharply on higher interest

Overview

US community bank's Q3 net income and EPS rose sharply from prior year

Higher net interest income drove the quarterly earnings increase

Non-interest income rose 71.6% while non-interest expense increased 2% in the quarter

Outlook

Company did not provide specific guidance or outlook for future periods

Result Drivers

HIGHER NET INTEREST INCOME - Increase driven by higher interest income and lower interest expense

HIGHER LOAN YIELDS - Average rate earned on loans rose due to new loan production at higher rates and upward repricing of adjustable-rate mortgages

LOWER INTEREST EXPENSE - Decrease in average balance and rate paid on interest-bearing liabilities reduced interest expense

Company press release: ID:nGNXnNLw3

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 EPS$0.07
Q3 Net Income$581 mln
Q3 Net Interest Income$2.86 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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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