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28 February, 2024 19:29 IST
IF Bancorp third-quarter earnings decline by 10.59 percent on a YOY basis
Source: IRIS | 20 Jun, 2017, 03.54PM

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 IF Bancorp, Inc. (IROQ) has reported a 10.59 percent fall in profit for the quarter ended Mar. 31, 2017. The company has earned $0.84 million, or $0.23 a share in the quarter, compared with $0.94 million, or $0.25 a share for the same period last year.      

Revenue during the quarter went up marginally by 0.36 percent to $5 million from $4.99 million in the previous year period. Net interest income for the quarter rose 1 percent over the prior year period to $4.36 million. Non-interest income for the quarter fell 9.40 percent over the last year period to $0.84 million.

IF Bancorp, Inc. has made provision of $0.19 million for loan losses during the quarter, down 24.41 percent from $0.25 million in the same period last year.

Net interest margin was at 3.03 percent in the quarter.

Investments stood at $113.59 million as on Mar. 31, 2017. Shareholders equity was at $83.20 million as on Mar. 31, 2017.

Return on assets was at 0.76 percent in the quarter. Return on average assets was at 0.76 percent in the quarter. At the same time, return on average equity was at 5.31 percent in the quarter.

Nonperforming assets stood at $2.10 million as on Mar. 31, 2017. Meanwhile, nonperforming assets to total assets was 0.35 percent in the quarter.

Average equity to average assets ratio was 14.23 percent for the quarter. Book value per share was $21.11 for the quarter.

Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]



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