Overview

* Kentucky First fiscal Q1 net income rises to $344,000 from a loss last year

* Net interest income for fiscal Q1 grows 33.9% to $2.5 mln

* Company reports no provision for credit loss in fiscal Q1

Outlook

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

Result Drivers

* NET INTEREST INCOME - Increased 33.9% due to higher interest income and decreased interest expense

* NO PROVISION FOR LOAN LOSS - Co recorded no provision for credit loss, citing sufficient allowance

* NON-INTEREST INCOME - Increased due to net gains on sales of loans driven by demand for fixed-rate loans

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Net $344,000

Income

Q1 Net $2.50

Interest mln

Income

Q1 $453,000

Pretax

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.)