Earnings summaries and quarterly performance for IF Bancorp.
Research analysts covering IF Bancorp.
Recent press releases and 8-K filings for IROQ.
IF Bancorp Shareholders Approve Merger with ServBanc Holdco
IROQ
M&A
Proxy Vote Outcomes
- IF Bancorp, Inc. shareholders approved the pending merger with ServBanc Holdco, Inc. at a special meeting held on February 3, 2026.
- The merger is expected to close on March 12, 2026, subject to the satisfaction of customary closing conditions.
- Shareholders also approved a non-binding advisory resolution regarding compensation for named executive officers in connection with the merger.
2 days ago
IF Bancorp, Inc. Announces Q2 2026 Results and Merger Update
IROQ
Earnings
M&A
- For the second quarter of fiscal year 2026, ended December 31, 2025, IF Bancorp, Inc. reported net income of $1.3 million, or $0.41 per basic and diluted share.
- The pending merger with ServBanc Holdco, Inc., an all-cash transaction valued at approximately $89.8 million, remains on track for a first quarter 2026 close.
- As of December 31, 2025, total assets were $830.4 million, deposits were $649.6 million, and stockholders' equity increased to $87.4 million.
7 days ago
IF Bancorp Announces Second Quarter Fiscal Year 2026 Results and Merger Update
IROQ
Earnings
M&A
- IF Bancorp, Inc. reported net income of $1.3 million ($0.41 per share) for the three months ended December 31, 2025, and $2.7 million ($0.84 per share) for the six months ended December 31, 2025, representing an increase compared to the prior year periods.
- The company's pending merger with ServBanc is on track for a first-quarter 2026 close, with the transaction valued at approximately $89.8 million.
- Total assets decreased to $830.4 million at December 31, 2025, from $887.7 million at June 30, 2025, primarily due to a $59.3 million withdrawal of public entity deposits.
- Net interest income increased to $6.0 million for the three months ended December 31, 2025, from $5.0 million in the prior year, while noninterest expense rose to $5.5 million mainly due to professional services related to the merger.
7 days ago
Monteverde & Associates PC Investigates IF Bancorp's Sale to ServBanc Holdco, Inc.
IROQ
M&A
Legal Proceedings
Takeover Bid
- Monteverde & Associates PC is investigating the sale of IF Bancorp, Inc. (NASDAQ:IROQ) to ServBanc Holdco, Inc.
- Under the terms of the proposed transaction, IF Bancorp shareholders are expected to receive $27.20 in cash per share of common stock.
Dec 9, 2025, 8:18 PM
IF Bancorp, Inc. Announces First Quarter Fiscal Year 2026 Results
IROQ
Earnings
Revenue Acceleration/Inflection
- IF Bancorp, Inc. reported net income of $1.4 million, or $0.43 per basic and diluted share, for the three months ended September 30, 2025, an increase from $633,000, or $0.20 per basic and diluted share, for the same period in 2024.
- Net interest income increased to $6.2 million for the three months ended September 30, 2025, up from $4.8 million for the three months ended September 30, 2024, driven by an expansion of the net interest margin.
- Total assets decreased to $862.3 million at September 30, 2025, from $887.7 million at June 30, 2025, primarily due to a $41.0 million decrease in deposits to $680.3 million, largely due to a $59.3 million withdrawal by a public entity.
- Stockholders' equity increased to $84.5 million at September 30, 2025, from $81.8 million at June 30, 2025, primarily due to a decrease in accumulated other comprehensive loss and net income.
Oct 31, 2025, 9:14 PM
IF Bancorp Reports Increased Net Income for Q1 FY2026
IROQ
Earnings
New Projects/Investments
- IF Bancorp, Inc. announced net income of $1.4 million, or $0.43 per basic and diluted share, for the three months ended September 30, 2025, a significant increase from $633,000, or $0.20 per share, for the same period in 2024.
- Net interest income rose to $6.2 million for the quarter ended September 30, 2025, compared to $4.8 million for the three months ended September 30, 2024, driven by an expansion of the net interest margin.
- CEO Walter H. Hasselbring stated that the quarterly results are improving profitability and highlighted a strategic alliance with ServBank.
- Total assets were $862.3 million at September 30, 2025, down from $887.7 million at June 30, 2025. Deposits decreased to $680.3 million from $721.3 million, primarily due to a $59.3 million withdrawal of public entity deposits.
- Stockholders' equity increased to $84.5 million at September 30, 2025, from $81.8 million at June 30, 2025.
Oct 31, 2025, 8:15 PM
IF Bancorp, Inc. announces agreement to merge with ServBanc Holdco, Inc.
IROQ
M&A
- ServBanc Holdco, Inc. and IF Bancorp, Inc. have entered into a definitive agreement for ServBanc Holdco and its subsidiary Servbank to acquire IF Bancorp and its subsidiary Iroquois Federal.
- IF Bancorp shareholders will receive approximately $27.20 per share in cash, totaling $89.8 million, subject to certain adjustments based on the company's Tangible Common Equity at closing.
- The transaction is subject to regulatory approval, IF Bancorp shareholder approval, and other conditions, with an expected closing in the first quarter of 2026.
- All outstanding and unvested restricted stock awards of IF Bancorp will automatically vest in full and be entitled to receive the merger consideration.
- IF Bancorp has indefinitely postponed its 2025 annual shareholder meeting, anticipating it will not be convened if the merger is completed.
Oct 30, 2025, 1:32 PM
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