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IF Bancorp, Inc. Reports Net Income of $4.66 Million for the Year

By USInMinutes - Sep 14, 2023, 03:34 AM ET
Last Updated - Sep 14, 2023, 03:34 AM EDT
IF Bancorp, Inc. Reports Net Income of $4.66 Million for the Year

Annual Revenue of $32.07 Million

IF Bancorp, Inc. [IROQ], a leading financial institution, has announced its financial results for the year ended June 30, 2023. The company reported a net income of $4.66 million for the year, reflecting a solid performance and successful execution of its strategic growth initiatives. The annual revenue for the period stood at $32.07 million.

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Financial Performance

IF Bancorp, Inc. demonstrated a strong financial performance during the year. The company's net interest income remained steady at $22.00 million, compared to $22.26 million in the previous year. Despite a challenging interest rate environment, IF Bancorp, Inc. effectively managed its interest expense, resulting in a net interest income after provision for credit losses of $22.23 million, up from $21.77 million in the previous year.

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