- **Kentucky First Federal Bancorp (KFFB)** announced on **October 8, 2025**, the appointment of **R. Clay Hulette** as Chief Executive Officer of the Company and President and Chief Executive Officer of First Federal Savings Bank of Kentucky, subject to regulatory approval.  **[1297341_6fed985cfd1b40c8b5bc122d1fd227aa_0]** 
- Mr. Hulette previously served as the Company's Chief Financial Officer from **March 2005 until January 2024** and held various leadership positions at First Federal Savings Bank of Kentucky for **27 years**.  **[1297341_6fed985cfd1b40c8b5bc122d1fd227aa_0]** 
- **Don D. Jennings** will assume the role of Director of Operations for First Federal Savings Bank of Kentucky, while retaining his positions as President of the Company and Chairman of the Board of First Federal Savings Bank of Kentucky.  **[1297341_6fed985cfd1b40c8b5bc122d1fd227aa_0]** 
- The Board's intent for these leadership changes is to **improve profitability, execute strategic initiatives, and enhance shareholder value**.  **[1297341_6fed985cfd1b40c8b5bc122d1fd227aa_1]**

Kentucky First Federal Bancorp Announces CEO Appointment

- Kentucky First Federal Bancorp (KFFB) reported a **net income of $176,000** or **$0.02 diluted earnings per share** for the three months ended June 30, 2025, a significant improvement from a net loss of $1.1 million or $(0.13) diluted EPS in the prior year quarter.  **[1297341_0001213900-25-091264_ea025870301ex99-1_kentucky.htm:1]** **[1297341_0001213900-25-091264_ea025870301ex99-1_kentucky.htm:5]** 
- For the twelve months ended June 30, 2025, the company achieved **net earnings of $181,000** or **$0.02 diluted earnings per share**, reversing a net loss of $1.7 million or $(0.21) diluted EPS in the previous year.  **[1297341_0001213900-25-091264_ea025870301ex99-1_kentucky.htm:1]** **[1297341_0001213900-25-091264_ea025870301ex99-1_kentucky.htm:5]** 
- This positive shift was primarily driven by the **absence of a $947,000 goodwill impairment charge** recorded in the prior year and a **21.1% increase in net interest income** to **$2.3 million** for the quarter ended June 30, 2025.  **[1297341_0001213900-25-091264_ea025870301ex99-1_kentucky.htm:1]** 
- As of June 30, 2025, KFFB's financial position showed **total assets of $371.2 million** and an increase in shareholders' equity by **0.8% to $48.4 million**, resulting in a **book value per share of $5.98**.  **[1297341_0001213900-25-091264_ea025870301ex99-1_kentucky.htm:2]** **[1297341_0001213900-25-091264_ea025870301ex99-1_kentucky.htm:5]** 
- The company also improved its funding structure, with **deposits increasing $21.4 million** or **8.4%** and **FHLB advances decreasing $26.2 million** or **38.0%** at June 30, 2025, compared to June 30, 2024.  **[1297341_0001213900-25-091264_ea025870301ex99-1_kentucky.htm:2]** **[1297341_0001213900-25-091264_ea025870301ex99-1_kentucky.htm:5]**