IF Bancorp, Inc. (IROQ) Earnings History

IF Bancorp, Inc. - Q2 FY2026 EarningsBeat

Filed at: Jan 30, 2026, 4:34 PM EST|Read from source

EXECUTIVE SUMMARY

IF Bancorp reported improved net income and net interest income driven by effective cost management and a favorable interest rate environment. The company is progressing towards its merger with ServBanc, which is expected to close in the first quarter of 2026.

POSITIVE HIGHLIGHTS

  • •

    Net income increased to $1.3 million for the three months ended December 31, 2025, compared to $1.2 million in the prior year.

    positive
  • •

    Net interest income for the three months ended December 31, 2025, was $6.0 million, an increase from $5.0 million in the prior year.

    positive
  • •

    Diluted earnings per share increased to $0.41 for the three months ended December 31, 2025, from $0.38 in the prior year.

    positive
  • •

    Stockholders' equity increased to $87.4 million at December 31, 2025, from $81.8 million at June 30, 2025.

    positive

CONCERNS & RISKS

  • •

    Interest income decreased to $10.5 million for the three months ended December 31, 2025, from $11.0 million in the prior year.

    attention
  • •

    Noninterest expense increased to $5.5 million for the three months ended December 31, 2025, from $5.0 million in the prior year, primarily due to increased legal and consulting services related to the pending merger.

    attention
  • •

    Total assets decreased to $830.4 million at December 31, 2025, from $887.7 million at June 30, 2025.

    attention
  • •

    Cash and cash equivalents decreased to $8.8 million at December 31, 2025, from $20.1 million at June 30, 2025.

    attention
  • •

    Deposits decreased to $649.6 million at December 31, 2025, from $721.3 million at June 30, 2025, largely due to the withdrawal of public entity deposits.

    attention
  • •

    Non-performing assets increased to $1.979 million at December 31, 2025, from $0.211 million at June 30, 2025.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$11.89M
+5.6%
Prior year: $11.27M
Net Income
Quarterly
$1.33M
+9.0%
Prior year: $1.22M
Annual (YTD)
$2.72M
N/A
Prior year: $1.85M
EPS (Diluted)
Quarterly
$0.41
+7.9%
Prior year: $0.38
Operating Income
Quarterly
$1.82M
+8.3%
Prior year: $1.68M
Annual (YTD)
$3.73M
N/A
Prior year: $2.53M
EPS (Basic)
Quarterly
$0.41
+7.9%
Prior year: $0.38

MARGIN ANALYSIS

Operating Margin
Current Quarter
15.3%
Prior Year
14.9%
YoY Change
+38 bps
Net Margin
Current Quarter
11.2%
Prior Year
10.8%
YoY Change
+34 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

MANAGEMENT COMMENTARY

The company is pleased with its results for the quarter and continues to execute on its business plan.

— IF Bancorp, Inc., Q2 FY2026 2026 Earnings Call

The pending merger with ServBanc remains on track for a first quarter close.

— IF Bancorp, Inc., Q2 FY2026 2026 Earnings Call

Net interest income increased due to effective management of interest expense.

— IF Bancorp, Inc., Q2 FY2026 2026 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.