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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported)
January 28, 2026
 
Home Federal Bancorp, Inc. of Louisiana
(Exact name of registrant as specified in its charter)
 
Louisiana
001-35019
02-0815311
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
 
Identification No.)
 
624 Market Street, Shreveport, Louisiana
 
71101
(Address of principal executive offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code
(318) 222-1145
 
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Common Stock (par value $.01 per share)
HFBL
Nasdaq Stock Market, LLC
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 






 
Item 2.02         Results of Operations and Financial Condition
 
On January 28, 2026, Home Federal Bancorp, Inc. of Louisiana (the “Company”) reported its results of operations for the three and six months ended December 31, 2025.
 
For additional information, reference is made to the Company’s press release dated January 28, 2026, which is included as Exhibit 99.1 hereto and is incorporated herein by reference thereto. The press release attached hereto is being furnished to the Securities and Exchange Commission and shall not be deemed to be “filed” for any purpose except as otherwise provided herein.
 
Item 9.01         Financial Statements and Exhibits
 
(a)         Not applicable.
(b)         Not applicable.
(c)         Not applicable.
(d)         Exhibits.
 
The following exhibit is filed herewith.
 
Exhibit Number
 
Description
99.1
 
104
 
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 
 
2
 
 
SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
HOME FEDERAL BANCORP, INC. OF LOUISIANA
     
     
     
Date: January 28, 2026
By:
/s/ Brad Ezernack
   
Brad Ezernack
   
Executive Vice President and Chief Financial Officer
 
3
EX-99.1 2 ex_912821.htm EXHIBIT 99.1 ex_912821.htm

Exhibit 99.1

 

 

 

hfblogo.jpg

 

FOR RELEASE: Wednesday, January 28, 2026, at 4:30 PM (Eastern)

 

HOME FEDERAL BANCORP, INC. OF LOUISIANA REPORTS RESULTS OF OPERATIONS

FOR THE THREE AND SIX MONTHS ENDED DECEMBER 31, 2025

 

Shreveport, Louisiana – January 28, 2026 – Home Federal Bancorp, Inc. of Louisiana (the “Company”) (Nasdaq: HFBL), the holding company of Home Federal Bank, reported net income for the three months ended December 31, 2025, of $1.675 million compared to net income of $1.020 million reported for the three months ended December 31, 2024. The Company’s basic and diluted earnings per share were $0.55 and $0.54, respectively, for the three months ended December 31, 2025, compared to $0.33 for the three months ended December 31, 2024. The Company reported net income of $3.274 million for the six months ended December 31, 2025, compared to $1.961 million for the six months ended December 31, 2024. The Company’s basic and diluted earnings per share were $1.09 and $1.07, respectively, for the six months ended December 31, 2025, compared to $0.64 for the six months ended December 31, 2024.

 

The Company reported the following highlights during the six months ended December 31, 2025:

 

 

Book value per share increased to $18.76 at December 31, 2025, from $17.90 at June 30, 2025.

 

Zero dependency on wholesale funding – no brokered deposits or FHLB advances at December 31, 2025 or June 30, 2025.

 

59 basis point increase to net interest margin compared to the six months ended December 31, 2024.

 

The increase in net income for the three months ended December 31, 2025, as compared to the same period in 2024, resulted from an increase of $777,000, or 16.9%, in net interest income, an increase of $150,000, or 30.7%, in non-interest income, and a decrease of $43,000, or 1.1%, in non-interest expense, partially offset by an increase of $251,000, or 134.2%, in the provision for income taxes, and an increase of $64,000, or 142.2%, in the provision for credit losses. The increase in net interest income for the three months ended December 31, 2025, as compared to the same period in 2024, resulted from an increase of $405,000, or 5.3%, in total interest income and a decrease of $372,000, or 12.2%, in total interest expense. The Company’s average interest rate spread was 3.03% for the three months ended December 31, 2025, compared to 2.40% for the three months ended December 31, 2024. The Company’s net interest margin was 3.67% for the three months ended December 31, 2025, compared to 3.12% for the three months ended December 31, 2024.

 

The increase in net income for the six months ended December 31, 2025, as compared to the same period in 2024 resulted primarily from an increase of $1.612 million, or 17.9%, in net interest income, an increase of $500,000, or 63.5%, in non-interest income, and a decrease of $202,000, or 2.6%, in non-interest expense, partially offset by an increase of $671,000, or 362.7%, in provision for income taxes and an increase of $330,000, or 185.4%, in the provision for credit losses. The increase in net interest income for the six months ended December 31, 2025, as compared to the same period in 2024, was primarily due to a decrease of $938,000, or 14.7%, in total interest expense and an increase of $674,000, or 4.4%, in total interest income. The Company’s average interest rate spread was 3.01% for the six months ended December 31, 2025, compared to 2.32% for the six months ended December 31, 2024. The Company’s net interest margin was 3.65% for the six months ended December 31, 2025, compared to 3.06% for the six months ended December 31, 2024.

 



 

 

 

The following tables set forth the Company’s average balances and average yields earned and rates paid on its interest-earning assets and interest-bearing liabilities for the periods indicated.

 

   

For the Three Months Ended December 31,

 
   

2025

   

2024

 
   

Average

Balance

   

Average

Yield/Rate

   

Average

Balance

   

Average

Yield/Rate

 
   

(Dollars in thousands)

 

Interest-earning assets:

                               

Loans receivable

  $ 469,399       6.20 %   $ 457,553       5.89 %

Investment securities

    97,464       2.28       96,715       2.19  

Interest-earning deposits

    14,517       4.45       29,653       4.47  

Total interest-earning assets

  $ 581,380       5.50 %   $ 583,921       5.20 %
                                 

Interest-bearing liabilities:

                               

Savings accounts

  $ 92,242       1.55 %   $ 90,696       1.71 %

NOW accounts

    65,317       1.12       70,685       1.26  

Money market accounts

    69,429       1.91       79,365       2.21  

Certificates of deposit

    199,753       3.44       188,929       4.03  

Total interest-bearing deposits

    426,741       2.43       429,675       2.75  

Other bank borrowings

    4,002       7.24       4,489       7.16  

Total interest-bearing liabilities

  $ 430,743       2.47 %   $ 434,164       2.80 %

 

   

For the Six Months Ended December 31,

 
   

2025

   

2024

 
   

Average

Balance

   

Average

Yield/Rate

   

Average

Balance

   

Average

Yield/Rate

 
   

(Dollars in thousands)

 

Interest-earning assets:

                               

Loans receivable

  $ 466,666       6.21 %   $ 461,531       5.88 %

Investment securities

    96,927       2.28       96,732       2.14  

Interest-earning deposits

    14,812       4.65       27,635       4.81  

Total interest-earning assets

  $ 578,405       5.51 %   $ 585,898       5.21 %
                                 

Interest-bearing liabilities:

                               

Savings accounts

  $ 93,172       1.62 %   $ 86,626       1.66 %

NOW accounts

    65,559       1.13       71,736       1.18  

Money market accounts

    71,514       1.99       77,290       2.29  

Certificates of deposit

    196,885       3.46       196,443       4.17  

Total interest-bearing deposits

    427,130       2.45       432,095       2.83  

Other bank borrowings

    4,001       7.39       5,239       7.50  

Total interest-bearing liabilities

  $ 431,131       2.50 %   $ 437,334       2.89 %

 

The $150,000 increase in non-interest income for the three months ended December 31, 2025, compared to the prior year quarterly period, resulted from an increase of $125,000 in gain on sale of loans, an increase of $44,000 in service charges on deposit accounts, a decrease of $6,000 in loss on sale of securities, and a decrease of $4,000 in loss on sale of real estate, partially offset by a decrease of $29,000 in other non-interest income. The $500,000 increase in non-interest income for the six months ended December 31, 2025, compared to the prior year six-month period, resulted primarily from a decrease of $258,000 in loss on sale of real estate, an increase of $175,000 in gain on sale of loans, an increase of $76,000 in service charges on deposit accounts, and a decrease of $6,000 in loss on sale of securities, partially offset by a decrease of $15,000 in other non-interest income. The $266,000 loss on sale of real estate for the prior year six-month period related to a one-to-four family residence in other real estate owned that was sold during the period.

 

2

 

 

The $43,000 decrease in non-interest expense for the three months ended December 31, 2025, compared to the same period in 2024, resulted from decreases of $128,000 in compensation and benefits expense, $81,000 in audit and examination fees, $20,000 in advertising expense, $18,000 in data processing expense, and $8,000 in amortization of core deposit intangible expense, partially offset by increases of $108,000 in other non-interest expense, $53,000 in franchise and bank shares tax, $21,000 in occupancy and equipment expense, $16,000 in professional fees, $9,000 in deposit insurance premium expense, and $5,000 in loan and collection expense. The $202,000 decrease in non-interest expense for the six months ended December 31, 2025, compared to the same six-month period in 2024, resulted from decreases of $280,000 in compensation and benefits expense, $144,000 in audit and examination fees, $48,000 in advertising expense, $16,000 in professional fees, and $15,000 in amortization of core deposit intangible expense, partially offset by increases of $125,000 in other non-interest expense, $100,000 in data processing expense, $25,000 in occupancy and equipment expense, $20,000 in franchise and bank shares tax, $19,000 in loan and collection expense, and $12,000 in deposit insurance premium expense. The increase in data processing expense resulted from a billing discrepancy with our core processor, which had failed to issue invoices for certain services dating back to December 2022. Upon discovery of the issue, we negotiated a discounted settlement to resolve the outstanding invoices, and all invoices going forward included all services. The increase in services billed resulted in the increase for the six months ended December 31, 2025.

 

Total assets increased $11.957 million, or 2.0%, from $609.492 million at June 30, 2025 to $621.449 million at December 31, 2025. The increase in assets resulted from increases in net loans receivable of $10.529 million, or 2.3%, from $461.004 million at June 30, 2025 to $471.533 million at December 31, 2025, cash and cash equivalents of $1.921 million, or 11.1%, from $17.347 million at June 30, 2025 to $19.268 million at December 31, 2025, investment securities of $1.108 million, or 1.2%, from $96.230 million at June 30, 2025 to $97.338 million at December 31, 2025, bank owned life insurance of $58,000, or 0.8%, from $6.926 million at June 30, 2025 to $6.984 million at December 31, 2025, and accrued interest receivable of $37,000, or 2.0%, from $1.836 million at June 30, 2025 to $1.873 million at December 31, 2025, partially offset by decreases in loans-held-for-sale of $679,000, or 44.1%, from $1.540 million at June 30, 2025 to $861,000 at December 31, 2025, premises and equipment of $514,000, or 3.0%, from $17.266 million at June 30, 2025 to $16.752 million at December 31, 2025, deferred tax asset of $181,000, or 15.6%, from $1.163 million at June 30, 2025 to $982,000 at December 31, 2025, real estate owned of $161,000, or 16.6% from $970,000 at June 30, 2025 to $809,000 at December 31, 2025, core deposit intangible of $131,000, or 14.3%, from $915,000 at June 30, 2025 to $784,000 at December 31, 2025, and other assets of $30,000, or 2.3%, from $1.305 million at June 30, 2025 to $1.275 million at December 31, 2025.

 

Total liabilities increased $9.413 million, or 1.7%, from $554.287 million at June 30, 2025 to $563.700 million at December 31, 2025. The increase in liabilities resulted from increases in total deposits of $8.587 million, or 1.6%, from $546.290 million at June 30, 2025 to $554.877 million at December 31, 2025, and other accrued expenses and liabilities of $976,000, or 28.3%, from $3.454 million at June 30, 2025 to $4.430 million at December 31, 2025, partially offset by a decrease in advances from borrowers for taxes and insurance of $150,000, or 27.6%, from $543,000 at June 30, 2025 to $393,000 at December 31, 2025. The increase in deposits resulted from increases in certificates of deposit of $11.334 million, or 6.0%, from $187.357 million at June 30, 2025 to $198.691 million at December 31, 2025, non-interest deposits of $5.430 million, or 4.4%, from $122.416 million at June 30, 2025 to $127.846 million at December 31, 2025, and NOW accounts of $630,000, or 0.9%, from $67.119 million at June 30, 2025 to $67.749 million at December 31, 2025, partially offset by decreases in money market deposits of $7.661 million, or 10.4%, from $73.771 million at June 30, 2025 to $66.110 million at December 31, 2025, and savings deposits of $1.146 million, or 1.2%, from $95.627 million at June 30, 2025 to $94.481 million at December 31, 2025. The Company had no balances in brokered deposits at December 31, 2025 or June 30, 2025.

 

3

 

 

At December 31, 2025, the Company had $2.533 million of non-performing assets (defined as non-accruing loans, accruing loans 90 days or more past due, and other real estate owned) compared to $3.305 million of non-performing assets at June 30, 2025, consisting of nine one-to-four family residential loans, three home equity loans, two commercial non-real estate loans, one commercial real estate loan, one land loan, one consumer loan, and one commercial real estate property in other real estate owned at December 31, 2025, compared to six one-to-four family residential loans, two home equity loans, three commercial non-real estate loans, two commercial real estate loans and one single-family residence in other real estate owned at June 30, 2025. At December 31, 2025 the Company had six one-to-four family residential loans, three home equity loans, two commercial non-real estate loans, two consumer loans, one commercial real estate loan, and one land loan classified as substandard, compared to eight one-to-four family residential loans, five commercial non-real estate loans, two home equity loans, two commercial real estate loans and one consumer loan classified as substandard at June 30, 2025. There were no loans classified as doubtful at December 31, 2025 or June 30, 2025.

 

Stockholders’ equity increased $2.544 million, or 4.6%, from $55.205 million at June 30, 2025 to $57.749 million at December 31, 2025. The increase in stockholders’ equity resulted from net income for the six months ended December 31, 2025 of $3.274 million, proceeds from the issuance of common stock from the exercise of stock options of $1.589 million, a decrease in the Company’s accumulated other comprehensive loss of $551,000, and the vesting of restricted stock awards, stock options, and the release of employee stock ownership plan shares totaling $233,000, partially offset by stock repurchases of $2.270 million and dividends paid totaling $833,000.

 

Home Federal Bancorp, Inc. of Louisiana is the holding company for Home Federal Bank which conducts business from its ten full-service banking offices and home office in northwest Louisiana.

 

Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like “believe”, “expect”, “anticipate”, “estimate”, and “intend”, or future or conditional verbs such as “will”, “would”, “should”, “could”, or “may”. We undertake no obligation to update any forward-looking statements.

 

In addition to factors previously disclosed in the reports filed by the Company with the Securities and Exchange Commission and those identified elsewhere in this press release, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: the strength of the United States economy in general and the strength of the local economies in which the Company conducts its operations; general economic conditions; legislative and regulatory changes; monetary and fiscal policies of the federal government; changes in tax policies, rates and regulations of federal, state and local tax authorities including the effects of the Tax Reform Act; changes in interest rates, deposit flows, the cost of funds, demand for loan products and the demand for financial services, competition, changes in the quality or composition of the Company’s loans, investment and mortgage-backed securities portfolios; geographic concentration of the Company’s business; fluctuations in real estate values; the adequacy of loan loss reserves; the risk that goodwill and intangibles recorded in the Company’s financial statements will become impaired; changes in accounting principles, policies or guidelines and other economic, competitive, governmental and technological factors affecting the Company’s operations, markets, products, services and fees.

 

4

 

 

HOME FEDERAL BANCORP, INC. OF LOUISIANA

 

CONSOLIDATED BALANCE SHEETS

 

(In thousands except share and per share data)

 

 

   

December 31, 2025

   

June 30, 2025

 
   

(Unaudited)

         

ASSETS

               
                 

Cash and Cash Equivalents (Includes Interest-Bearing Deposits with Other Banks of $12,465 and $10,380 at December 31, 2025, and June 30, 2025, respectively)

  $ 19,268     $ 17,347  

Securities Available-for-Sale (amortized cost December 31, 2025: $40,197; June 30, 2025: $36,695, respectively)

    38,446       34,246  

Securities Held-to-Maturity (fair value December 31, 2025: $49,671; June 30, 2025: $51,139, respectively)

    58,238       61,334  

Other Securities

    654       650  

Loans Held-for-Sale

    861       1,540  

Loans Receivable, Net of Allowance for Credit Losses (December 31, 2025: $4,442; June 30, 2025: $4,484, respectively)

    471,533       461,004  

Accrued Interest Receivable

    1,873       1,836  

Premises and Equipment, Net

    16,752       17,266  

Bank Owned Life Insurance

    6,984       6,926  

Goodwill

    2,990       2,990  

Core Deposit Intangible

    784       915  

Deferred Tax Asset

    982       1,163  

Real Estate Owned

    809       970  

Other Assets

    1,275       1,305  
                 

Total Assets

  $ 621,449     $ 609,492  
                 

LIABILITIES AND STOCKHOLDERS’ EQUITY

               
                 

LIABILITIES

               
                 

Deposits:

               

Non-interest bearing

  $ 127,846     $ 122,416  

Interest-bearing

    427,031       423,874  

Total Deposits

    554,877       546,290  

Advances from Borrowers for Taxes and Insurance

    393       543  

Other Borrowings

    4,000       4,000  

Other Accrued Expenses and Liabilities

    4,430       3,454  
                 

Total Liabilities

    563,700       554,287  
                 

STOCKHOLDERS’ EQUITY

               
                 

Preferred Stock - $0.01 Par Value; 10,000,000 Shares Authorized: None Issued and Outstanding

    -       -  

Common Stock - $0.01 Par Value; 40,000,000 Shares Authorized: 3,078,470 and 3,084,764 Shares Issued and Outstanding at December 31, 2025 and June 30, 2025, respectively

    34       32  

Additional Paid-in Capital

    43,978       42,187  

Unearned ESOP Stock

    (292 )     (321 )

Retained Earnings

    15,412       15,241  

Accumulated Other Comprehensive Loss

    (1,383 )     (1,934 )
                 

Total Stockholders’ Equity

    57,749       55,205  
                 

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

  $ 621,449     $ 609,492  

 

 

5

 

 

 

HOME FEDERAL BANCORP, INC. OF LOUISIANA

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

(Unaudited)

 

   

Three Months Ended

   

Six Months Ended

 
   

December 31,

   

December 31,

 
   

2025

   

2024

   

2025

   

2024

 

INTEREST INCOME

                               

Loans, including fees

  $ 7,339     $ 6,791     $ 14,610     $ 13,686  

Investment securities

    9       63       22       130  

Mortgage-backed securities

    552       470       1,094       913  

Other interest-earning assets

    163       334       347       670  

Total interest income

    8,063       7,658       16,073       15,399  

INTEREST EXPENSE

                               

Deposits

    2,613       2,977       5,286       6,175  

Other bank borrowings

    73       81       149       198  

Total interest expense

    2,686       3,058       5,435       6,373  

Net interest income

    5,377       4,600       10,638       9,026  
                                 

PROVISION FOR (RECOVERY OF) CREDIT LOSSES

    109       45       152       (178 )

Net interest income after provision for credit losses

    5,268       4,555       10,486       9,204  
                                 

NON-INTEREST INCOME

                               

Loss on sale of real estate

    (8 )     (12 )     (8 )     (266 )

Gain on sale of loans

    130       5       276       101  

Loss on sale of securities

    -       (6 )     -       (6 )

Income on Bank-Owned Life Insurance

    30       30       58       58  

Service charges on deposit accounts

    436       392       859       783  

Other income

    50       79       103       118  
                                 

Total non-interest income

    638       488       1,288       788  
                                 

NON-INTEREST EXPENSE

                               

Compensation and benefits

    2,101       2,229       4,251       4,531  

Occupancy and equipment

    558       537       1,126       1,101  

Data processing

    318       336       654       554  

Audit and examination fees

    110       191       179       323  

Franchise and bank shares tax

    54       1       189       169  

Advertising

    24       44       53       101  

Legal fees

    150       134       235       251  

Loan and collection

    35       30       77       58  

Amortization Core Deposit Intangible

    64       72       131       146  

Deposit insurance premium

    84       75       177       165  

Other expenses

    295       187       572       447  
                                 

Total non-interest expense

    3,793       3,836       7,644       7,846  
                                 

Income before income taxes

    2,113       1,207       4,130       2,146  

PROVISION FOR INCOME TAX EXPENSE

    438       187       856       185  
                                 

NET INCOME

  $ 1,675     $ 1,020     $ 3,274     $ 1,961  
                                 

EARNINGS PER SHARE

                               

Basic

  $ 0.55     $ 0.33     $ 1.09     $ 0.64  

Diluted

  $ 0.54     $ 0.33     $ 1.07     $ 0.64  

 

6

 

 

 

 

   

Three Months Ended

   

Six Months Ended

 
   

December 31,

   

December 31,

 
   

2025

   

2024

   

2025

   

2024

 
                                 

Selected Operating Ratios(1):

                               

Average interest rate spread

    3.03 %     2.40 %     3.01 %     2.32 %

Net interest margin

    3.67 %     3.12 %     3.65 %     3.06 %

Return on average assets

    1.07 %     0.65 %     1.05 %     0.62 %

Return on average equity

    11.54 %     7.76 %     11.46 %     7.50 %
                                 

Asset Quality Ratios(2):

                               

Non-performing assets as a percent of total assets

    0.41 %     0.30 %     0.41 %     0.30 %

Allowance for credit losses as a percent of non-performing loans

    257.66 %     260.70 %     257.66 %     260.70 %

Allowance for credit losses as a percent of total loans receivable

    0.93 %     1.02 %     0.93 %     1.02 %
                                 

Per Share Data:

                               

Shares outstanding at period end

    3,078,470       3,132,764       3,078,470       3,132,764  

Weighted average shares outstanding:

                               

Basic

    3,022,617       3,059,305       3,015,494       3,062,666  

Diluted

    3,075,132       3,075,221       3,065,751       3,077,371  

Book value per share at period end

  $ 18.76     $ 17.22     $ 18.76     $ 17.22  

 

                                 

(1) Ratios for the three- and six-month periods are annualized.

                               

(2) Asset quality ratios are end of period ratios.

                               

 

 

 

 

CONTACT:

James R. Barlow

Chairman of the Board, President, and Chief Executive Officer

(318) 222-1145

 

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