Tue, May 13, 5:01 PM (36 days ago)
**IF Bancorp, Inc. (IROQ) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** Total revenue for Q1 2025 was $10.6 million, a slight decrease from $10.8 million in Q1 2024. - **Profit Margins:** Net income increased to $1.0 million in Q1 2025 from $708,000 in Q1 2024. Net income for the nine months ended March 31, 2025 was $2.9 million, compared to $1.4 million for the same period in 2024. - **Cash Flow:** Net cash provided by operating activities was $3.8 million for the nine months ended March 31, 2025, compared to $1.1 million for the same period in 2024. - **Earnings Changes:** Earnings per share (EPS) for Q1 2025 was $0.31, up from $0.22 in Q1 2024. **Quarterly Performance:** - **Interest Income:** Interest and dividend income decreased by $158,000 to $10.6 million in Q1 2025 from $10.8 million in Q1 2024. - **Interest Expense:** Interest expense decreased by $1.1 million to $5.4 million in Q1 2025 from $6.5 million in Q1 2024. - **Net Interest Income:** Increased by $965,000 to $5.2 million in Q1 2025 from $4.3 million in Q1 2024. - **Noninterest Income:** Increased by $36,000 to $1.2 million in Q1 2025 from $1.1 million in Q1 2024. - **Noninterest Expense:** Increased by $433,000 to $5.3 million in Q1 2025 from $4.8 million in Q1 2024. **Trends & Uncertainties:** - **Loan Portfolio:** Total loans decreased by $1.1 million to $638.2 million in Q1 2025 from $639.3 million in Q1 2024. Non-performing loans were minimal, indicating a healthy loan portfolio. - **Investment Securities:** Decreased by $5.9 million to $184.6 million in Q1 2025 from $190.5 million in Q1 2024. - **Deposits:** Decreased by $43.2 million to $684.0 million in Q1 2025 from $727.2 million in Q1 2024. - **Capital:** The company remains well-capitalized with a Community Bank Leverage Ratio of 9.79% as of March 31, 2025. **Future Operations Impact:** - **Liquidity:** The company has sufficient liquidity to meet short- and long-term needs, with a liquidity ratio averaging 24.0% for the three months ended March 31, 2025. - **Risk Management:** The company continues to monitor and manage interest rate risk, with no material changes in interest rate risk as of March 31, 2025. - **Regulatory Compliance:** The company is subject to various regulatory requirements and maintains compliance with all applicable regulations.