IF Bancorp, Inc. Files 10-Q for Q2 2025
Ticker: IROQ · Form: 10-Q · Filed: Feb 12, 2025 · CIK: 1514743
Sentiment: neutral
Topics: 10-Q, financials, earnings
TL;DR
**IF Bancorp 10-Q filed. Share price up to $23.30 by Dec 31, 2024.**
AI Summary
IF Bancorp, Inc. filed its 10-Q for the period ending December 31, 2024. The filing includes financial data for the six months ended December 31, 2024, and the three months ended December 31, 2024. Key financial information such as share prices on December 31, 2024 ($23.30) and June 30, 2024 ($16.18) are noted.
Why It Matters
This 10-Q filing provides investors with an update on IF Bancorp's financial performance and position as of the end of 2024, crucial for understanding the company's health and future prospects.
Risk Assessment
Risk Level: low — The filing is a standard quarterly report with no immediately apparent significant negative events or disclosures.
Key Numbers
- $23.30 — Share Price (Closing price on December 31, 2024)
- $16.18 — Share Price (Closing price on June 30, 2024)
Key Players & Entities
- IF Bancorp, Inc. (company) — Filer of the 10-Q report
- 2024-12-31 (date) — End of the reporting period
- $23.30 (dollar_amount) — Closing share price on December 31, 2024
- $16.18 (dollar_amount) — Closing share price on June 30, 2024
FAQ
What is the filing date of this 10-Q report?
The 10-Q report was filed on February 12, 2025.
What fiscal period does this 10-Q cover?
This 10-Q covers the period ending December 31, 2024.
What was IF Bancorp's closing share price on December 31, 2024?
The closing share price on December 31, 2024, was $23.30.
What was IF Bancorp's closing share price on June 30, 2024?
The closing share price on June 30, 2024, was $16.18.
What is IF Bancorp's primary business classification?
IF Bancorp, Inc. is classified under SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035].
Filing Stats: 4,546 words · 18 min read · ~15 pages · Grade level 17.3 · Accepted 2025-02-12 12:33:20
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value IROQ The Nasdaq Stock Mar
Filing Documents
- d852958d10q.htm (10-Q) — 2330KB
- d852958dex311.htm (EX-31.1) — 11KB
- d852958dex312.htm (EX-31.2) — 11KB
- d852958dex32.htm (EX-32) — 6KB
- 0001193125-25-024944.txt ( ) — 11517KB
- iroq-20241231.xsd (EX-101.SCH) — 54KB
- iroq-20241231_cal.xml (EX-101.CAL) — 86KB
- iroq-20241231_def.xml (EX-101.DEF) — 291KB
- iroq-20241231_lab.xml (EX-101.LAB) — 482KB
- iroq-20241231_pre.xml (EX-101.PRE) — 417KB
- d852958d10q_htm.xml (XML) — 2919KB
Financial Information
Part I. Financial Information Item 1. Condensed Consolidated Financial Statements 1 Condensed Consolidated Balance Sheets as of December 31, 2024 (unaudited) and June 30, 2024 1 Condensed Consolidated Statements of Income for the Three Months and Six Months Ended December 31, 2024 and 2023 (unaudited) 2 Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three Months and Six Months Ended December 31, 2024 and 2023 (unaudited) 3 Condensed Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended December 31, 2024 and 2023 (unaudited) 4 Condensed Consolidated Statements of Cash Flows for the Six Months Ended December 31, 2024 and 2023 (unaudited) 6 Notes to Condensed Consolidated Financial Statements (unaudited) 7 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 37 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 50 Item 4.
Controls and Procedures
Controls and Procedures 50
Other Information
Part II. Other Information Item 1.
Legal Proceedings
Legal Proceedings 51 Item 1A.
Risk Factors
Risk Factors 51 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 51 Item 3. Defaults upon Senior Securities 51 Item 4. Mine Safety Disclosures 51 Item 5. Other Information 51 Item 6. Exhibits 52 Signature Page 53 Table of Contents
– Financial Information
Part I. – Financial Information Item1. Condensed Consolidated Financial Statements IF Bancorp, Inc. Condensed Consolidated Balance Sheets (Dollars in thousands, except per share amount) December 31, 2024 June 30, 2024 (Unaudited) Assets Cash and due from banks $ 5,683 $ 9,276 Interest-bearing demand deposits 223 295 Cash and cash equivalents 5,906 9,571 Interest-bearing time deposits in banks 250 250 Available-for-sale securities 182,890 190,475 Loans, net of allowance for credit losses of $ 7,346 and $ 7,499 at December 31, 2024 and June 30, 2024, respectively 647,664 639,297 Premises and equipment, net of accumulated depreciation of $ 9,506 and $ 9,196 at December 31, 2024 and June 30, 2024, respectively 10,413 10,580 Federal Home Loan Bank stock, at cost 5,670 4,499 Accrued interest receivable 3,979 3,457 Bank-owned life insurance 15,119 14,892 Mortgage servicing rights 1,478 1,491 Deferred income taxes 10,240 10,483 Other 1,540 2,750 Total assets $ 885,149 $ 887,745 Liabilities and Equity Liabilities Deposits Demand $ 37,812 $ 103,314 Savings, NOW and money market 319,559 304,230 Certificates of deposit 294,968 290,633 Brokered certificates of deposit 29,787 29,000 Total deposits 682,126 727,177 Repurchase agreements 18,439 17,772 Federal Home Loan Bank advances 98,999 32,999 Other borrowings — 25,250 Advances from borrowers for taxes and insurance 785 968 Accrued post-retirement benefit obligation 2,259 2,256 Accrued interest payable 2,201 3,009 Allowance for credit losses on off-balance sheet credit exposures 64 98 Other 4,337 4,300 Total liabilities 809,210 813,829 Commitments and Contingencies Stockholders' Equity Common stock, $ .01 par value per share, 100,000,000 shares authorized, 3,351,526 and 3,353,026 shares issued and outstanding at December 31, 2024 and June 30, 2024, respectively 33