KFFB Stock Analysis

Kentucky First Federal Bancorp

Kentucky First Federal Bancorp is the parent company of First Federal Savings and Loan Association of Hazard, which operates one banking office in Hazard, Kentucky, and First Federal Savings Bank of Kentucky, which operates three banking offices in Frankfort, Kentucky, two banking offices in Danville, Kentucky and one banking office in Lancaster, Kentucky. Kentucky First Federal Bancorp shares are traded on the Nasdaq National Market under the symbol KFFB. At September 30, 2024, the Company had approximately 8,086,715 shares outstanding of which approximately 58.5% was held by First Federal MHC. SUMMARY OF FINANCIAL HIGHLIGHTS Condensed Consolidated Balance Sheets September 30, June 30, 2024 2024 (In thousands, except share data) (Unaudited) Assets Cash and Cash Equivalents $ 17,269 $ 18,287 Investment Securities 9,615 9,861 Loans available-for sale 1,502 110 Loans, net 333,175 333,025 Real estate acquired through foreclosure 10 10 Other Assets 14,079 13,675 Total Assets $ 375,650 $ 374,968 Liabilities Deposits $ 254,915 $ 256,139 FHLB Advances 70,055 68,988 Other Liabilities 2,457 1,844 Total Liabilities 327,427 326,971 Shareholders' Equity 48,223 47,997 Total Liabilities and Equity $ 375,650 $ 374,968 Book Value Per Share $ 5.96 $ 5.94 Tangible book value per share $ 5.96 $ 5.94 Condensed Consolidated Statements of Loss (In thousands, except share data) Three months ended September 30, 2024 2023 (Unaudited) Interest Income $ 4,620 $ 3,734 Interest Expense 2,750 2,064 Net Interest Income 1,870 1,670 Provision for Credit Losses 15 6 Non-interest Income 137 74 Non-interest Expense 2,013 1,982 Loss Before Income Taxes (21 ) (244 ) Income Taxes (6 ) (69 ) Net Loss $ (15 ) $ (175 ) Earnings per share: Basic and diluted $ 0.00 $ (0.02 ) Weighted average outstanding shares: Basic and diluted 8,086,715 8,086,715 Contact: Don Jennings, President, or Tyler Eades, Vice President (502) 223-1638 216 West Main Street P.O. Box 535 Frankfort, KY 40602