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Home Federal Bancorp Inc Of Louisiana  (HFBL)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $11.9800 $0.07 0.588%
Day's High: $11.98 Week Perf: -1.8 %
Day's Low: $ 11.98 30 Day Perf: -10.4 %
Volume (M): 0 52 Wk High: $ 21.80
Volume (M$): $ 5 52 Wk Avg: $14.16
Open: $11.98 52 Wk Low: $11.54



 Market Capitalization (Millions $) 36
 Shares Outstanding (Millions) 3
 Employees 58
 Revenues (TTM) (Millions $) 22
 Net Income (TTM) (Millions $) 5
 Cash Flow (TTM) (Millions $) -12
 Capital Exp. (TTM) (Millions $) 0

Home Federal Bancorp Inc Of Louisiana

Home Federal Bancorp, Inc. of Louisiana, a Louisiana chartered corporation, became the holding company for Home Federal Bank ("Home Federal Bank" or the "Bank") on December 22, 2010, upon completion of the Banks second step conversion from the mutual holding company form of organization to the stock holding company form of organization. As part of the conversion, all outstanding shares of the former Home Federal Bancorp, Inc. of Louisiana common stock (other than those owned by Home Federal Mutual Holding Company) were converted into the right to receive 0.9110 of a share, and cash in lieu of fractional shares, of Home Federal Bancorp common stock resulting in approximately 1,100,609 shares issued in the exchange. In addition, a total of 1,945,220 shares of common stock of Home Federal Bancorp were sold in subscription, community and syndicated community offerings to certain depositors and borrowers of the Bank, the Banks Employee Stock Ownership Plan and other investors for $10.00 per share, or $19.5 million in the aggregate. Treasury stock held was cancelled. The net proceeds of the offering were approximately $18.0 million, after offering expenses.

Home Federal Bank is a federally chartered stock savings bank originally organized in 1924 as Home Building and Loan Association. The Bank reorganized into the mutual holding company structure in January 2005 and changed its name to "Home Federal Bank" in 2009 as part of its business strategy to be recognized as a community bank. Home Federal Banks headquarters and main office, four additional full service branch offices and agency office are located in Shreveport and Bossier City, Louisiana and serve the Shreveport-Bossier City metropolitan area. Home Federal Banks business primarily consists of attracting deposits from the general public and using those funds to originate loans. At our agency office, we offer security brokerage and advisory services through a third party provider.

As of June 30, 2015, Home Federal Bancorps only business activities are to hold all of the outstanding common stock of Home Federal Bank. Home Federal Bancorp is authorized to pursue other business activities permitted by applicable laws and regulations for savings and loan holding companies, which may include the issuance of additional shares of common stock to raise capital or to support mergers or acquisitions and borrowing funds for reinvestment in Home Federal Bank.

Home Federal Bancorp does not own or lease any property, but instead uses the premises, equipment and furniture of Home Federal Bank. At the present time, Home Federal Bancorp employs only persons who are officers of Home Federal Bank to serve as officers of Home Federal Bancorp and may also use the support staff of Home Federal Bank from time to time. These persons are not separately compensated by Home Federal Bancorp.

Pursuant to the regulations under Sections 23A and 23B of the Federal Reserve Act, Home Federal Bank and Home Federal Bancorp have entered into an expense sharing agreement. Under this agreement, Home Federal Bancorp will reimburse Home Federal Bank for the time that employees of Home Federal Bank devote to activities of Home Federal Bancorp, the portion of the expense of the annual independent audit attributable to Home Federal Bancorp and all expenses attributable to Home Federal Bancorps public filing obligations under the Securities Exchange Act of 1934.

The types of loans that we may originate are subject to federal and state laws and regulations. Interest rates charged on loans are affected principally by the demand for such loans and the supply of money available for lending purposes and the rates offered by our competitors. These factors are, in turn, affected by general and economic conditions, the monetary policy of the federal government, including the Federal Reserve Board, legislative and tax policies, and governmental budgetary matters.

A savings institution generally may not make loans to one borrower and related entities in an amount which exceeds 15% of its unimpaired capital and surplus, although loans in an amount equal to an additional 10% of unimpaired capital and surplus may be made to a borrower if the loans are fully secured by readily marketable securities. In addition, upon application the Office of the Comptroller of the Currency permits a savings institution to lend up to an additional 15% of unimpaired capital and surplus to one borrower to develop domestic residential housing units.

Our lending activities are subject to written underwriting standards and loan origination procedures established by the board of directors and management. When applicable, loans originated are also subject to the underwriting standards of Fannie Mae, Freddie Mac, HUD, VA, USDA and correspondent banks that purchase loans we originate. Loan originations are obtained through a variety of sources, primarily from existing customers, local realtors and builders. Written loan applications are taken by one of our loan officers. The loan officer also supervises the procurement of credit reports, income and asset documentation and other documentation involved with a loan. All appraisals are ordered through an approved appraisal management company in compliance with the Dodd-Frank Consumer Protection Act. Under our lending policy, a title insurance policy is required on most mortgage loans, with the exception of certain smaller loan amounts where our policy requires a title opinion only. We also require fire and extended coverage casualty insurance in order to protect the properties securing the real estate loans. Borrowers must also obtain flood insurance policies when the property is in a flood hazard area.

Our loan approval process is intended to assess the borrowers ability to repay the loan, the viability of the loan and the value of the property that will secure the loan. All residential loans originated for sale to FNMA or other investor banks that receive an Approve-Eligible recommendation on the automated underwriting feedback certificate that is applicable for each loan type must be approved by a Bank mortgage underwriter. Loans that do not receive an Approve-Eligible recommendation must be approved by a Bank mortgage underwriter and the Senior Vice President of Mortgage. In addition, all loans originated to be held on the Banks portfolio must be approved by a Bank mortgage underwriter and the Senior Vice President of Mortgage for loans up to $500,000, and for loans up to $1.0 million by the senior credit officer. Commercial real estate secured loans and lines of credit and commercial business loans up to $1.0 million must be approved by the Senior Credit Officer or the President/Chief Executive Officer or the Chairman of the Board, up to $2.0 million by two of the following three officers, Senior Credit Officer, President/Chief Executive Officer, Chairman of the Board, and in excess of $2.0 million by the Executive Committee. In accordance with past practice, all loans are ratified by our board of directors.



   Company Address: 624 Market Street Shreveport 71101 LA
   Company Phone Number: 222-1145   Stock Exchange / Ticker: NASDAQ HFBL
   


Customers Net Income fell by HFBL's Customers Net Profit Margin fell to

-4.24 %

11.09 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BKU   -4.93%    
BRKL        0.11% 
CFFN   -3.04%    
NRIM   -1.85%    
TFSL   -2.5%    
WSBF        1.21% 
• View Complete Report
   



Shares

Home Federal Bank Receives Regulatory Approval for $10 Million Dividend Payment to Company

Published Thu, Mar 7 2024 11:01 PM UTC


In a recent press release, Home Federal Bancorp, Inc. of Louisiana announced that its subsidiary, Home Federal Bank, has received regulatory approval for the payment of a $10.0 million dividend to the Company. This news comes as a significant development for shareholders, as it signals a positive outlook for the Company's ongoing operations and potential benefits for sh...

Home Federal Bancorp Inc Of Louisiana

EPS Plummets as Home Federal Bancorp, Inc. of Louisiana Battles Weak Sales in FY2023

Home Federal Bancorp, Inc. of Louisiana (HFBL) recently reported a decline in net profit and revenue for the October to December 2023 financial period. The company's net profit per share dropped by 40% and revenue decreased by 11.5% year on year. This financial performance is concerning for the shareholders and investors of HFBL.
In contrast to HFBL's performance, the rest of the S&Ls Savings Banks industry experienced a substantial improvement of 15.54% in their top-line during the second quarter of 2024. This disparity in performance reflects the challenges that HFBL is currently facing in the market.

Dividend

Home Federal Bancorp, Inc. of Louisiana Stays Steadfast with Dividend Declaration Amidst Share Value Fluctuations

Published Fri, Jan 19 2024 1:42 AM UTC

Home Federal Bancorp, Inc. of Louisiana Announces Quarterly Dividend Amidst Declining Share Performance
Shreveport, La. - Home Federal Bancorp, Inc. of Louisiana (NASDAQ: HFBL), the holding company for Home Federal Bank, recently declared a quarterly cash dividend of $0.125 per share on its common stock. The announcement was made at the company's Board of Directors meeti...

Home Federal Bancorp Inc Of Louisiana

Surprising Twist: Earnings Take a Dip, but Revenue Inches Up for Home Federal Bancorp Inc Of Louisiana

Home Federal Bancorp Inc Of Louisiana (HFBL) recently reported its financial results for the three months ended September 30, 2023, showing a decrease in net income compared to the same period last year. The company's net income for the quarter was $1.2 million, down from $1.7 million in 2022. Its basic and diluted earnings per share also saw a decline, with $0.40 and $0.39 respectively, compared to $0.55 and $0.52 in the previous year.
Despite the decrease in net income, HFBL experienced a slight increase in revenue during the July to September 2023 quarter. Revenue rose by 5.246% to $5.72 million, up from $5.43 million in the same period the year before. However, income per share fell by 25% to $0.39, compared to $0.52 in the previous year.

Home Federal Bancorp Inc Of Louisiana

Home Federal Bancorp Inc Of Louisiana Shines with Impressive Growth in Earnings in Fiscal Year Ending June 30, 2023



Home Federal Bancorp Inc Of Louisiana, a prominent player in the S&Ls Savings Banks industry, recently released its financial results for the fourth quarter of 2023. The company showcased impressive performance, with significant growth in profit per share and revenue. These positive developments have positioned the company favorably against its industry peers. Additionally, Home Federal Bancorp Inc Of Louisiana highlighted steady improvement in profit margins and a rise in operating earnings. This article will delve into these results by assessing their potential impact on the company's future.
Revenue Advancement and Profitability:
During the fourth quarter of 2023, Home Federal Bancorp Inc Of Louisiana reported a remarkable 16.283% increase in revenue, reaching $5.81 million compared to the previous year. This achievement surpasses the industry's general revenue decline observed during the corresponding period. It is evident that Home Federal Bancorp Inc Of Louisiana is successfully navigating the industry's challenges, positioning itself as a leader within the sector.






 

Home Federal Bancorp Inc Of Louisiana's Segments
 
 
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