Home Federal earnings increased in the three months ended September 30, 2026, as higher interest and non-interest income outweighed a larger provision for credit losses and higher expenses. Net income was $1.911 million, up from $1.599 million a year earlier.
Key Takeaways
- Diluted earnings per share rose to $0.62 from $0.52.
- Net interest income increased by $643,000, while the credit loss provision rose by $232,000.
- Deposits fell slightly from June, while Federal Home Loan Bank advances reached $14 million.
Home Federal earnings and interest income
Home Federal Bancorp, Inc. of Louisiana, the holding company for Home Federal Bank, reported on October 27 that basic earnings per share were $0.64, compared with $0.53 in the same quarter of 2025.
Net interest income rose 12.2% to $5.904 million. The company said total interest income increased by $687,000, partly offset by a $44,000 rise in interest expense. Its net interest margin widened to 3.83% from 3.63%.
| Item | Details |
|---|---|
| Total assets | $655.564 million at September 30, 2026; $643.330 million at June 30, 2026 |
| Net loans receivable | $484.332 million at September 30; $475.491 million at June 30 |
| Total deposits | $574.923 million at September 30; $577.292 million at June 30 |
| Non-performing assets | $1.556 million at September 30; $3.649 million at June 30 |
Property sales and credit costs
Non-interest income increased by $203,000. Home Federal said a bulk sale of 44 rental properties contributed to a $204,000 increase in gains on real estate sales, partly offset by a $52,000 increase in losses on securities sales.
The provision for credit losses rose to $275,000 from $43,000. Non-interest expense increased by $230,000, including higher compensation and a $100,000 increase in real estate write-down expense tied to one commercial property.
Balance sheet and asset quality
The company’s assets and net loans grew from June 30 to September 30, while deposits declined. Advances from the Federal Home Loan Bank of Dallas stood at $14 million at September 30, compared with none at June 30.
Non-performing assets declined over the same period. Home Federal said it had no loans classified as doubtful at either date.
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