Overview
Kentucky First fiscal Q1 net income rises to $344,000 from a loss last year
Net interest income for fiscal Q1 grows 33.9% to $2.5 mln
Company reports no provision for credit loss in fiscal Q1
Outlook
Company did not provide specific guidance for future quarters or the full year
Result Drivers
NET INTEREST INCOME - Increased 33.9% due to higher interest income and decreased interest expense
NO PROVISION FOR LOAN LOSS - Co recorded no provision for credit loss, citing sufficient allowance
NON-INTEREST INCOME - Increased due to net gains on sales of loans driven by demand for fixed-rate loans
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Net Income | $344,000 | ||
Q1 Net Interest Income | $2.50 mln | ||
Q1 Pretax Profit | $453,000 |
Press Release: ID:nGNX7QRdkN
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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.)