Home Federal Bancorp, Inc. of Louisiana Reports Financial Results for Q4 2024

Home Federal Bancorp, Inc. of Louisiana filed its Form 8-K with the Securities and Exchange Commission on January 30, 2025, disclosing the financial outcomes for the three and six months ending December 31, 2024. The Louisiana-based registrant detailed its financial condition in the current report as required by Section 13 or 15(d) of the Securities Exchange Act of 1934.

According to the report, Home Federal Bancorp stated that its Home Federal Bancorp, Inc. banking entity reported its performance during that period. Noteworthy points included a pre-tax income of $50.6 million generated by PlainsCapital Bank. This figure included a provision recapture of $5.7 million, offset slightly by a $4.8 million negative real estate valuation adjustment. The bank’s net interest margin stood at 2.98%, reflecting a 7 basis points decline from the prior quarter, attributed to reduced loan yields and higher cash balances.

Furthermore, the average Bank loans held for investment decreased by $105 million from the previous quarter, and loan yields decreased by 23 basis points to 5.84%. Average Bank deposits saw a robust uptick of $595 million. PrimeLending, however, incurred a $9.9 million pre-tax loss during the same quarter. Despite this, gain-on-sale of loans to third parties remained relatively stable.

Non-interest expenses other than variable compensation saw a $7.0 million decrease, reflecting management’s efforts to optimize the business in line with the prevalent economic conditions. HilltopSecurities, an affiliate, achieved a pre-tax income of $20.4 million during the period, translating to a pre-tax margin of 16.1%.

In accordance with the filing, a press release dated January 30, 2025, was included as an exhibit to provide additional information. This press release is deemed furnished to the Securities and Exchange Commission and is not filed for any other purpose unless specified in the report.

The company disclosed that no written communications pursuant to Rule 425 under the Securities Act, soliciting material pursuant to Rule 14a-12 under the Exchange Act, or pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act were applicable during the reporting period.

The filing demonstrated the meticulous effort Home Federal Bancorp, Inc. of Louisiana has made to adhere to transparency and accountability in its financial reporting.

This news release is for informational purposes only and does not constitute an investment recommendation or financial advice.

Please refer to the official filing for precise details and consult financial professionals for investment decisions and guidance.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Home Federal Bancorp, Inc. of Louisiana’s 8K filing here.

About Home Federal Bancorp, Inc. of Louisiana

Home Federal Bancorp, Inc of Louisiana operates as the holding company for Home Federal Bank that provides various financial services to individuals, corporate entities, and other organizations. The company accepts various deposits, such as passbook savings, certificates of deposit, and demand deposit accounts.