Core Points - Home Federal Bancorp, Inc. of Louisiana declared a quarterly cash dividend of $0.13 per share, payable on August 19, 2024, to shareholders of record as of August 5, 2024 [1] - This marks the eleventh annual increase in the dividend rate and the 77th consecutive quarterly cash dividend, demonstrating the company's commitment to shareholder value and confidence in its financial strength [2] - The recent dividend increase reflects a payout ratio of approximately 54% based on earnings for the quarter ended March 31, 2024 [2] Company Overview - Home Federal Bancorp, Inc. is the holding company for Home Federal Bank, which operates ten full-service banking offices in northwest Louisiana [2]

Financial Performance - Net interest income for the three months ended March 31, 2024, was $4.404 million, down from $5.473 million for the same period in 2023, a decrease of about 19.5%[11] - Net income for the three months ended March 31, 2024, was $732,000, compared to $1.062 million for the same period in 2023, reflecting a decline of approximately 30.9%[11] - Non-interest income for the three months ended March 31, 2024, was $1.078 million, compared to $1.594 million for the same period in 2023, a decrease of approximately 32.4%[11] - Earnings per share for the three months ended March 31, 2024, was $0.24, down from $0.35 for the same period in 2023, a decrease of approximately 31.4%[11] - Net income for the nine months ended March 31, 2024, was $2,955,000, a decrease of 33.5% compared to $4,446,000 for the same period in 2023[21] Assets and Deposits - Total assets decreased from $660.915 million as of June 30, 2023, to $643.026 million as of March 31, 2024, representing a decline of approximately 2.7%[7] - Total deposits decreased from $597.361 million as of June 30, 2023, to $578.881 million as of March 31, 2024, a reduction of about 3.1%[7] - The company reported a net cash decrease in deposits of $18,480,000 for the nine months ended March 31, 2024, compared to an increase of $82,383,000 in the same period of 2023[24] - Cash provided by operating activities was $460,000 for the nine months ended March 31, 2024, significantly lower than $8,834,000 for the same period in 2023[21] Stockholders' Equity - Total stockholders' equity increased from $50.542 million as of June 30, 2023, to $52.550 million as of March 31, 2024, an increase of about 4%[8] - Total stockholders' equity increased to $52,550,000 as of March 31, 2024, up from $50,123,000 as of March 31, 2023, reflecting a growth of 4.8%[19] - The balance of retained earnings increased to $14,257,000 as of March 31, 2024, from $11,824,000 as of March 31, 2023[21] Credit Losses and Provisions - The provision for credit losses for the three months ended March 31, 2024, was $11,000, compared to a recovery of $150,000 for the same period in 2023[11] - The allowance for credit losses decreased to $4.89 million from $5.17 million, a reduction of approximately 5.4%[93] - The allowance for credit losses increased to $4,887,000 as of March 31, 2024, from $5,173,000 as of June 30, 2023, reflecting a current provision recovery of $5,000[114] Securities and Investments - The unrealized losses on securities available for sale for the three months ended March 31, 2024, amounted to $(608,000), impacting the total comprehensive income negatively[13] - The total amortized cost of securities available-for-sale was $33.089 million, with a fair value of $29.829 million as of March 31, 2024, reflecting unrealized losses of $3.333 million[84] - The total amortized cost of securities held-to-maturity was $68.706 million, with a fair value of $55.660 million, indicating unrealized losses of $13.046 million[84] Loans and Credit Quality - Total loans receivable amounted to $504.27 million, an increase from $494.83 million as of June 30, 2023, representing a growth of approximately 1.8%[93] - The net loans receivable after allowance for credit losses was $499.27 million, compared to $489.49 million in the previous period, indicating a net increase of about 2%[93] - The total amount of commercial loans is $56.96 million, with $54.65 million classified as "Pass," reflecting a robust lending portfolio[106] - The overall credit quality indicators suggest a stable and improving loan portfolio, with a focus on maintaining low levels of charge-offs and high classifications of "Pass" loans[106] Other Financial Metrics - The company declared dividends totaling $1,177,000 for the nine months ended March 31, 2024, slightly higher than $1,165,000 in the same period of 2023[24] - The company reported a significant decrease in loans held-for-sale originations and purchases, totaling $10,640,000 for the nine months ended March 31, 2024, compared to $22,065,000 in 2023[21] - The company incurred a loss on the sale of loans amounting to $184,000 for the nine months ended March 31, 2024, compared to a loss of $404,000 in the same period of 2023[21]

Financial Performance - Net income for the three months ended March 31, 2024, was $732,000, a decrease of 33.5% from $1.1 million for the same period in 2023[1] - Basic and diluted earnings per share for the three months ended March 31, 2024, were $0.24, down from $0.35 and $0.34 for the same period in 2023[1] - Net interest income decreased to $4.4 million for the three months ended March 31, 2024, compared to $5.5 million for the same period in 2023[22] - Total interest income rose to $7.9 million for the three months ended March 31, 2024, compared to $7.0 million for the same period in 2023[22] - Total non-interest income was $506,000 for the three months ended March 31, 2024, compared to $508,000 for the same period in 2023[22] - Non-interest expense decreased by $507,000, or 11.3%, for the three months ended March 31, 2024, primarily due to a decrease in professional fees[10] Asset and Liability Management - Total assets decreased by $17.9 million, or 2.7%, from $660.9 million at June 30, 2023, to $643.0 million at March 31, 2024[11] - Total liabilities decreased by $19.9 million, or 3.3%, from $610.4 million at June 30, 2023, to $590.5 million at March 31, 2024[12] - Total deposits decreased by $18.5 million, or 3.1%, from $597.4 million at June 30, 2023, to $578.9 million at March 31, 2024, primarily due to an estate settlement totaling $24.8 million[12] - Shareholders' equity increased by $2.0 million, or 4.0%, from $50.5 million at June 30, 2023, to $52.6 million at March 31, 2024, driven by current year net income of $3.0 million[14] Loan and Credit Quality - Total loans receivable, net increased by $9.8 million, or 2.0%, to $499.3 million at March 31, 2024, compared to $489.5 million at June 30, 2023[5] - Nonperforming assets totaled $2.4 million, or 0.37% of total assets at March 31, 2024, compared to $1.6 million, or 0.24% of total assets at June 30, 2023[5] - Non-performing assets increased to $2.4 million at March 31, 2024, from $1.6 million at June 30, 2023[13] - The allowance for credit losses (ACL) was $4.9 million as of March 31, 2024, with a ratio of ACL to gross loans of 0.97%[6] - Allowance for credit losses as a percent of non-performing loans was 203.11% in Q1 2024, slightly down from 208.49% in Q1 2023[23] Interest Rate Metrics - Net interest income decreased by $1.1 million, or 19.5%, for the three months ended March 31, 2024, primarily due to a 126.4% increase in total interest expense[3] - The average interest rate spread was 2.46% for the nine months ended March 31, 2024, down from 3.55% for the same period in 2023[5] - Average interest rate spread decreased to 2.16% in Q1 2024 from 3.15% in Q1 2023[23] - Net interest margin declined to 2.89% in Q1 2024 compared to 3.56% in Q1 2023[23] Shareholder Metrics - Book value per share increased to $16.71 at the end of Q1 2024, up from $16.05 in Q1 2023[23] - Shares outstanding at period end rose to 3,145,236 in Q1 2024 from 3,123,651 in Q1 2023[23] - Weighted average diluted shares outstanding decreased to 3,091,011 in Q1 2024 from 3,132,312 in Q1 2023[23] Transition and Methodology - The company transitioned to the CECL methodology for estimating credit losses after July 1, 2023[24]

Shreveport, Louisiana , April 26, 2024 (GLOBE NEWSWIRE) -- Home Federal Bancorp, Inc. of Louisiana (the "Company") (NASDAQ:HFBL), the holding company of Home Federal Bank, reported net income for the three months ended March 31, 2024, of $732,000 compared to net income of $1.1 million reported for the three months ended March 31, 2023. The Company's basic and diluted earnings per share were $0.24 for the three months ended March 31, 2024, compared to basic and diluted earnings per share of $0.35 and $0.34, ...

Shreveport, Louisiana, April 17, 2024 (GLOBE NEWSWIRE) -- Home Federal Bancorp, Inc. of Louisiana (the "Company") (NASDAQ:HFBL), the holding company for Home Federal Bank, announced today that its Board of Directors at their meeting on April 17, 2024, declared a quarterly cash dividend of $0.125 per share on the Company's common stock. The dividend is payable on May 13, 2024, to the shareholders of record at the close of business on April 29, 2024. Home Federal Bancorp, Inc. of Louisiana is the holding comp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-35019 HOME FEDERAL BANCORP, INC. OF LOUISIANA (Exact name of registrant as specified in its charter) Louisiana 02-0815311 (State ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-35019 HOME FEDERAL BANCORP, INC. OF LOUISIANA (Exact name of registrant as specified in its charter) Louisiana 02-0815311 (Stat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _________________. Commission File Number 001-35019 HOME FEDERAL BANCORP, INC. OF LOUISIANA (Exact name of registrant as specified in its charter) L ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Louisiana 02-0815311 Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-35019 HOME FEDERAL BANCORP, INC. OF LOUISIANA (Exact name of registrant as specified in its charter) (State or ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) 624 Market Street, Shreveport, Louisiana 71101 (Address of ...