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If Bancorp Inc   (IROQ)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $16.2600 $-0.05 -0.307%
Day's High: $16.28 Week Perf: -2.87 %
Day's Low: $ 16.26 30 Day Perf: -1.45 %
Volume (M): 0 52 Wk High: $ 18.51
Volume (M$): $ 7 52 Wk Avg: $15.29
Open: $16.28 52 Wk Low: $13.75



 Market Capitalization (Millions $) 50
 Shares Outstanding (Millions) 3
 Employees 97
 Revenues (TTM) (Millions $) 22
 Net Income (TTM) (Millions $) 2
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 2

If Bancorp Inc

IF Bancorp, Inc. is a Maryland corporation formed in March 2011 to become the holding company for Iroquois Federal Savings and Loan Association (“Iroquois Federal” or the “Association”). On July 7, 2011, the Company completed its offering of common stock in connection with Iroquois Federal’s mutual-to-stock conversion, selling 4,496,500 shares of common stock at $10.00 per share, including 384,900 shares sold to Iroquois Federal’s employee stock ownership plan with funds borrowed from IF Bancorp, and raising approximately $45.0 million of gross proceeds. In addition, the Company issued 314,755 shares of its common stock to the Iroquois Federal Foundation.

Iroquois Federal is a federally chartered savings association headquartered in Watseka, Illinois. The Association’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in one- to four-family residential mortgage loans, multi-family mortgage loans, commercial real estate loans (including farm loans), home equity lines of credit, commercial business loans, consumer loans (consisting primarily of automobile loans), and, to a much lesser extent, construction loans and land development loans. We also invest in securities, which historically have consisted primarily of securities issued by the U.S. government, U.S. government agencies and U.S. government-sponsored enterprises, as well as mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises. To a lesser extent, we also invest in municipal obligations.


We offer a variety of deposit accounts, including statement savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, individual retirement accounts and health savings accounts.


In addition to our traditional banking products and services, we offer a full line of property and casualty insurance products through Iroquois Federal’s wholly-owned subsidiary, L.C.I. Service Corporation, an insurance agency with offices in Watseka and Danville, Illinois. We also offer annuities, mutual funds, individual and group retirement plans, life, disability and health insurance, individual securities, managed accounts and other financial services at all of our locations through Iroquois Financial, a division of Iroquois Federal. Raymond James Financial Services, Inc. serves as the broker-dealer for Iroquois Financial.


We are dedicated to offering alternative banking delivery systems, including ATMs, online banking, ACH payroll, remote capture and telephone banking delivery systems. We have recently added text message options to our mobile banking solutions and introduced mobile aps for the iPhone, iPad, Android and Android Tablet.

IF Bancorp is a public company, and files interim, quarterly and annual reports with the Securities and Exchange Commission. These respective reports are on file and a matter of public record with the Securities and Exchange Commission and may be read and copied at the Securities and Exchange Commission’s Public Reference Room at 100 F Street, NE, Washington, DC 20549. The public may obtain information on the operation of the Public Reference Room by calling the Securities and Exchange Commission at 1-800-SEC-0330. The Securities and Exchange Commission maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC (http://www.sec.gov).

The Association’s legal lending limit to any one borrower is 15% of unimpaired capital and surplus. On July 30, 2012 our bank received approval from the Comptroller of the Currency to participate in the Supplemental Lending Limits Program (SLLP). This program allows eligible savings associations to make additional residential real estate loans or extensions of credit to one borrower, small business loans or extensions of credit to one borrower, or small farm loans or extensions of credit to one borrower, in the lesser of the following two amounts: (1) 10% of its capital and surplus; or (2) the percentage of capital and surplus, in excess of 15%, that a state bank is permitted to lend under the state lending limit that is available for loans secured by one- to four-family residential real estate loans, small business loans, small farm loans or unsecured loans in the state where the main office of the savings association is located. For Iroquois Federal this additional limit (or “supplemental limit(s)”) for one- to four-family residential real estate, small business, or small farm loans is 10% of Iroquois Federal’s capital and surplus. In addition, the total outstanding amount of the Association’s loans or extensions of credit or parts of loans and extensions of credit made to all of its borrowers under the SLLP may not exceed 100% of the Association’s capital and surplus. By Association policy, participation of any credit facilities in the SLLP is to be infrequent and all credit facilities are to be with prior Board approval.



   Company Address: 201 East Cherry Street Watseka 60970 IL
   Company Phone Number: 432-2476   Stock Exchange / Ticker: NASDAQ IROQ
   


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

-4.24 %

11.09 %

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


   

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If Bancorp Inc

IROQ's Bottom Line Plummets: Revenue Drops by Alarming -27.496% in Recent Fiscal Period

If Bancorp Inc, a prominent player in the S&Ls Savings Banks industry, recently released its financial results for the most recent fiscal period, and the numbers were not encouraging. The company experienced a significant contraction in revenue, with a drop of -27.496%, resulting in a staggering -86.05% decrease in earnings.
Comparing this to the previous year, If Bancorp Inc posted revenue of $4.94 million, a notable decline from $6.81 million. Similarly, the company's earnings per share (EPS) dropped to $0.06 per share, in contrast to the previous year's $0.43 per share. These figures indicate a worrisome downward trend in the company's financial performance.

If Bancorp Inc

Profit Plunge! If Bancorp Inc. Witnesses Drastic Earnings Dip as Fiscal Year Draws to a Close



The financial results of If Bancorp Inc for the first quarter of 2023 reveal a decline in revenue by 27.356%, causing a significant decrease in the company's bottom-line by 77.42%. This article will delve into the facts and implications of these results, considering factors such as revenue, earnings per share (EPS), operating and net margins, and accounts receivable. By examining these aspects, we can gain insights into how they may impact If Bancorp Inc going forward.
1. Declining Revenue and Bottom-line:
In the first quarter of 2023, If Bancorp Inc reported revenue of $5.49 million, compared to $7.56 million in the same period a year before. This represents a decline of 27.356%, leading to a substantial drop of 77.42% in the company's bottom-line. This suggests that If Bancorp Inc is facing challenges in generating revenue and profitability.

If Bancorp Inc

Earnings Plunge by 42.46% and Revenue Takes a Hit in Q4 2023



The recently disclosed financial results of If Bancorp Inc for the fourth quarter of the 2023 earnings season have raised concerns about the company's performance. The decline in earnings per share by -42.46% and a decrease in revenue by -0.706% year-on-year reflect a challenging period for the company. This article will explore the potential impact of these results on If Bancorp Inc's future prospects.
1. Deteriorating Earnings and Revenue:
A significant decline in earnings per share is a cause for worry, as it indicates reduced profitability for If Bancorp Inc. The decrease of -42.46% to $0.19 in EPS suggests that the company has experienced a decline in its earnings despite efforts to sustain growth. Additionally, the -0.706% decline in revenue to $6.19 million reflects a challenging economic environment that may have impacted If Bancorp Inc's ability to generate substantial sales.

If Bancorp Inc

IF Bancorp Inc's EPS Takes a Hit, Dropping 43% in Q1 2023

If Bancorp Inc's financial results for the time-frame ending March 31 2023 fell below expectations, with a soft top and bottom-line. The company's EPS plummeted by -43.24%, and revenue fell by -13.113% year on year. This is a significant decrease compared to the corresponding interval a year before, where revenue was $6.60 million and EPS was $0.37. However, in the financial time-frame ending March 31 2023, revenue was $5.74 million, and EPS was $0.21.
It is worth noting that if we compare the company's results to the previous period, the profit plummeted by -51.16% to $0.43 per share, and revenue fell by -15.766% from $6.81 million. Earnings of $0.690 million in the same financial time-frame fell by -40.21% from $1.154 million in the corresponding period a year before.






 

If Bancorp Inc's Segments
 
 
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