Overview

* Home Federal Bancorp fiscal Q1 net income rises to $1.599 mln from $941,000 yr/yr

* Company's net interest income increases by $834,000, contributing to higher profitability

* Non-interest income rises by $350,000, driven by reduced real estate losses

Outlook

* Company did not provide specific guidance for future periods in press release

Result Drivers

* NET INTEREST INCOME - Increase driven by a $565,000 reduction in interest expense and a $269,000 rise in interest income

* NON-INTEREST INCOME - Growth due to a $254,000 decrease in real estate sale losses and a $50,000 gain on loan sales

* NON-INTEREST EXPENSE - Decrease attributed to reduced compensation and benefits, audit fees, and taxes

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Net $1.59

Income mln

Q1 Net $5.26

Interest mln

Income

Q1 $2.01

Pretax mln

Profit

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)