Kentucky First Federal Bancorp (KFFB) has reported 44.80 percent plunge in profit for the quarter ended Sep. 30, 2016. The company has earned $0.30 million, or $0.04 a share in the quarter, compared with $0.54 million, or $0.06 a share for the same period last year.
Revenue during the quarter dropped 4.09 percent to $2.62 million from $2.74 million in the previous year period. Net interest income for the quarter dropped 6.57 percent over the prior year period to $2.46 million. Non-interest income for the quarter rose 47.37 percent over the last year period to $0.17 million.
Assets, liabilities remain almost stableTotal assets stood at $295.11 million as on Sep. 30, 2016, down 0.27 percent compared with $295.92 million on Sep. 30, 2015. On the other hand, total liabilities stood at $227.62 million as on Sep. 30, 2016, down 0.34 percent from $228.40 million on Sep. 30, 2015.
Deposits outpace loan growthNet loans stood at $241.22 million as on Sep. 30, 2016, down 1.55 percent compared with $245.01 million on Sep. 30, 2015. Deposits stood at $185.50 million as on Sep. 30, 2016, down 5.48 percent compared with $196.25 million on Sep. 30, 2015. Investments stood at $3.55 million as on Sep. 30, 2016, down 38.62 percent or $2.23 million from year-ago. Shareholders equity stood at $67.49 million as on Sep. 30, 2016, down 0.04 percent or $0.03 million from year-ago.
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