Kentucky First Federal Q2 EPS $0.04 as Net Interest Income Jumps 30%
Kentucky First Federal reported December quarter net income of $304,000 ($0.04 diluted EPS), versus $13,000 a year earlier, driven by net interest income rising 30.3% to $2.7 million. Six-month net earnings reached $648,000 ($0.08 EPS) from a $2,000 loss, with earning assets yielding 5.76% and assets totaling $375.3 million.
1. Quarterly Earnings Performance
Kentucky First Federal recorded net income of $304,000 ($0.04 diluted EPS) for the quarter ended December 31, 2025, compared to $13,000 in the prior-year period. For the six months, net earnings rose to $648,000 ($0.08 EPS) from a $2,000 loss a year ago.
2. Interest Income and Expense Drivers
Net interest income increased 30.3% to $2.7 million as interest income rose 8.2% to $5.2 million and interest expense fell 8.2% to $2.5 million. The average yield on interest-earning assets climbed 48 basis points to 5.76%, while funding costs declined 26 basis points to 3.27%.
3. Balance Sheet and Capital Position
Total assets grew 1.1% to $375.3 million, driven by a 0.8% increase in loans and a 14.2% rise in investment securities. Deposits fell 1.6% to $273.2 million as FHLB advances rose 20.3% to $51.4 million, and book value per share reached $6.07.