IROQ
IF Bancorp, Inc.26.80
-0.21-0.78%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
86.86MP/E (TTM)
16.75Basic EPS (TTM)
1.60Dividend Yield
0.01%Recent Filings
10-Q
Q1 FY2026 results
IF Bancorp posted solid Q1 FY2026 results for the quarter ended September 30, 2025, with net income doubling to $1.4M ($0.43 diluted EPS) from $633K ($0.20) y/y, fueled by net interest income jumping 28% to $6.2M on lower funding costs—deposit expense fell 14% while borrowings dropped 39%. A $42K credit to credit losses (versus $382K provision y/y) reflected stable asset quality, with nonperformers at 0.16% of loans; allowance held at 1.04%. Deposits shrank 6% q/q to $680M amid public fund outflows, offset by FHLB advances up to $69M (rates 0-4.93%, maturities to 2032), leaving $8M cash. Signed merger with ServBanc October 29 for $89.8M cash ($27.20/share), eyed for Q1 2026 close. Watch commercial real estate concentrations.
8-K
Q1 net income doubles to $1.4M
IF Bancorp swung to $1.4 million net income ($0.43/share) for Q1 FY2026 ended September 30, up sharply from $633,000 ($0.20/share) a year earlier, fueled by net interest income jumping to $6.2 million on lower expenses and a $42,000 credit to credit losses. Net interest margin expanded to 2.97%. Assets dipped to $862.3 million amid a $59.3 million public deposit outflow, yet equity climbed to $84.5 million.
8-K
IF Bancorp merger at $27.20/share
IF Bancorp signed a merger agreement on October 29, 2025, to sell to ServBanc Holdco for $89.8 million cash, or ~$27.20 per share, adjustable by tangible common equity versus $77.8 million minimum. The deal merges Iroquois Federal into Servbank, awaits shareholder and regulatory nods, with a $2.7 million termination fee possible. Directors locked in support.
8-K
Dworschak joins IF Bancorp board
IF Bancorp appointed Scott J. Dworschak to its Board of Directors on September 24, 2025, effective immediately, also placing him on subsidiary Iroquois Federal's board. The move fulfills a prior Standstill Agreement with Stilwell Activist entities. Committee roles pending. He gets standard non-employee director pay.
8-K
Stilwell standstill, board seat added
IF Bancorp struck a standstill deal with the Stilwell Group on September 16, 2025, appointing Scott J. Dworschak to its and the Bank's boards through the 2026 annual meetings. Stilwell, holding 297,399 shares, agreed to standstill restrictions—no extra buys, no sale pushes, no proxy fights—until March 31, 2026. Boards expand again post-deadline if 2024 shareholder mandates lag. Activist voice tempered, yet added.
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