(Corrects to remove alliance with ServBank as a factor for profitability in third bullet of Overview)

Overview

* IF Bancorp ( IROQ ) fiscal Q1 net income rises to $1.4 mln, up from $633,000 last year

* Net interest income for fiscal Q1 increases to $6.2 mln from $4.8 mln

* Company attributes profitability to loan repricing

Outlook

* Company did not provide specific guidance for future quarters or full year

Result Drivers

* NET INTEREST INCOME - Increase attributed to loan repricing and favorable funding mix in current interest rate environment

* INTEREST EXPENSE - Decrease in interest expense contributed to improved net interest income

* CREDIT PROVISION - Credit to provision for credit losses supported profitability

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Net $1.39

Income mln

Q1 Net $6.18

Interest mln

Income

Q1 $1.90

Pretax mln

Profit

Q1 $42,000

Provisio

n for

Credit

Losses

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.)