Overview
Home Federal Bancorp fiscal Q1 net income rises to $1.599 mln from $941,000 yr/yr
Company's net interest income increases by $834,000, contributing to higher profitability
Non-interest income rises by $350,000, driven by reduced real estate losses
Outlook
Company did not provide specific guidance for future periods in press release
Result Drivers
NET INTEREST INCOME - Increase driven by a $565,000 reduction in interest expense and a $269,000 rise in interest income
NON-INTEREST INCOME - Growth due to a $254,000 decrease in real estate sale losses and a $50,000 gain on loan sales
NON-INTEREST EXPENSE - Decrease attributed to reduced compensation and benefits, audit fees, and taxes
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Net Income | $1.59 mln | ||
Q1 Net Interest Income | $5.26 mln | ||
Q1 Pretax Profit | $2.01 mln |
Press Release: ID:nGNX6PZxT5
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(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.)