Home Federal Bancorp posts record annual profit on strong Q4 results

The company did not provide specific guidance or an outlook for future periods.

Net interest income and non-interest income increased, while net interest margin improved.

• Net interest income — Higher net interest income, driven by increased interest income and lower interest expense, supported results.
• Non-interest income — Gains on sale of loans and higher service charges contributed to increased non-interest income.
• Credit loss provision — Higher provision for credit losses reflected loan portfolio growth and additional reserves on problem loans.

Home Federal Bancorp posted a record annual profit as fourth-quarter net income rose year over year.

• Q4 net income: $1.43 million
• Q4 net interest income: $5.74 million
• Q4 pretax profit: $1.87 million