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HFBL Home Federal Bancorp of Louisiana News Story

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FinancialsBalancedMicro CapSuper Stock

Home Federal Bancorp Q2 net income rises on higher interest income

Overview

Louisiana-based bank's Q2 net income rose yr/yr, driven by higher net interest income

Company's Q2 earnings per share increased yr/yr

Company reported zero dependency on wholesale funding

Outlook

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

Result Drivers

NET INTEREST INCOME - Increase in net interest income by $777,000, or 16.9%, driven by higher interest income and lower interest expense

NON-INTEREST INCOME - Non-interest income rose by $150,000, or 30.7%, mainly due to gains on loan sales and increased service charges

NON-INTEREST EXPENSE - Reduction in non-interest expense by $43,000, driven by lower compensation and benefits, and audit fees

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Net Income$1.68 mln
Q2 Net Interest Income$5.38 mln
Q2 Pretax Profit$2.11 mln
Press Release: ID:nGNX9Vp1MF 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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