Home Federal Bancorp, Inc. of Louisiana reported its financial results for the three and nine months ended March 31, 2025, revealing a net income of $748,000 for the quarter, a slight increase from $732,000 in the same period last year. For the nine-month period, net income totaled $2.7 million, down from $2.95 million in the prior year. The company’s earnings per share remained stable at $0.24 for the quarter, while the nine-month earnings per share decreased to $0.88 from $0.97.
The company experienced a decrease in total assets, which fell by $17.9 million, or 2.8%, to $619.6 million compared to $637.5 million at the end of the previous fiscal year. This decline was primarily driven by a $12.6 million reduction in net loans receivable, which decreased to $458.3 million. Cash and cash equivalents also saw a significant drop of $4.5 million, or 12.9%, attributed to a decrease in total deposits. Total liabilities decreased by $19.8 million, or 3.4%, to $564.9 million, largely due to a $17.2 million decline in total deposits.
In terms of operational metrics, the company reported a net interest income of $4.67 million for the quarter, an increase of $270,000 from the previous year, driven by a reduction in interest expenses. The average interest rate spread improved to 2.66% from 2.16% year-over-year, while the net interest margin increased to 3.33% from 2.89%. Non-interest income also rose by $32,000, reflecting growth in service charges and other income sources.
Home Federal Bancorp continues to focus on maintaining its regulatory capital ratios, which remain well above the minimum requirements. As of March 31, 2025, the company reported a common equity tier 1 capital ratio of 13.42%. The management indicated that they are committed to enhancing operational efficiency and managing credit risk effectively, particularly in light of the recent changes in the economic environment and interest rate fluctuations. Looking ahead, the company aims to leverage its liquidity to support lending activities while navigating the challenges posed by market conditions.
About Home Federal Bancorp, Inc. of Louisiana
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