IF Bancorp, Inc. operates as the savings and loan holding company for Iroquois Federal Savings and Loan Association that provides a range of banking and financial services to individual and corporate clients. The company offers various deposit accounts, including savings accounts, certificates of deposit, money market accounts, commercial and personal checking accounts, individual retirement accounts, and health savings accounts. It also provides loans comprising one- to four-family residential mortgage loans; multi-family mortgage loans; commercial real estate loans, such as farm loans; home equity lines of credit; commercial business loans; and consumer loans primarily consisting of automobile loans, as well as construction loans and land development loans. In addition, the company sells property and casualty insurance, as well as offers annuities; mutual funds; individual and group retirement plans; life, disability, and health insurance; individual securities; managed accounts; and other financial services. Further, it invests in securities; and provides ATM, online banking and bill pay, mobile banking, ACH origination, remote deposit capture, and telephone banking services. As of August 31, 2021, it operated a network of seven full-service banking offices located in Watseka, Danville, Clifton, Hoopeston, Savoy, Bourbonnais, and Champaign, Illinois; and a loan production and wealth management office in Osage Beach, Missouri. IF Bancorp, Inc. was founded in 1883 and is headquartered in Watseka, Illinois.
IPO Year: 2011
Exchange: NASDAQ
Website: iroquoisfed.com
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4 - IF Bancorp, Inc. (0001514743) (Issuer)
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4 - IF Bancorp, Inc. (0001514743) (Issuer)
4 - IF Bancorp, Inc. (0001514743) (Issuer)
4 - IF Bancorp, Inc. (0001514743) (Issuer)
4 - IF Bancorp, Inc. (0001514743) (Issuer)
4 - IF Bancorp, Inc. (0001514743) (Issuer)
4 - IF Bancorp, Inc. (0001514743) (Issuer)
4 - IF Bancorp, Inc. (0001514743) (Issuer)
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IF Bancorp, Inc. ("IF Bancorp") (NASDAQ:IROQ), the holding company for Iroquois Federal Savings and Loan Association, announced today that its shareholders approved their pending merger with ServBanc Holdco, Inc. ("ServBanc Holdco") at its special shareholders' meeting held today. Subject to the satisfaction of customary closing conditions, the parties expect to close the merger on March 12, 2026. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties and are made pursuant to the safe harbor provisions of Section 27A of the Securities Act. F
IF Bancorp, Inc. (NASDAQ:IROQ) (the "Company") the holding company for Iroquois Federal Savings and Loan Association (the "Association"), announced unaudited net income of $1.3 million, or $0.41 per basic and diluted share, for the three months ended December 31, 2025, compared to net income of $1.2 million, or $0.38 per basic and diluted share, for the three months ended December 31, 2024. Walter H. "Chip" Hasselbring, III, Chairman and Chief Executive Officer, commented, "We continue to execute on our business plan and are pleased with our results for the quarter. As previously announced, we are excited about our pending merger with ServBanc. The transaction remains on track for a first
ServBanc Holdco, Inc. ("ServBanc Holdco"), the holding company for Servbank, National Association ("Servbank"), and IF Bancorp, Inc. ("IF Bancorp") (NASDAQ:IROQ), the holding company for Iroquois Federal Savings and Loan Association ("Iroquois Federal"), announced today that they have received all requisite regulatory approvals to complete their pending merger and the merger of their subsidiary banks. ServBanc Holdco and IF Bancorp expect to complete the proposed transaction in the first quarter of 2026, subject to the satisfaction of customary closing conditions, including the receipt of IF Bancorp shareholder approval. IF Bancorp is scheduled to hold a special shareholders' meeting on F
IF Bancorp, Inc. (NASDAQ:IROQ) (the "Company") the holding company for Iroquois Federal Savings and Loan Association (the "Association"), announced unaudited net income of $1.4 million, or $0.43 per basic and diluted share, for the three months ended September 30, 2025, compared to $633,000, or $0.20 per basic and diluted share, for the three months ended September 30, 2024. "While we are excited about the strategic alliance with ServBank that we announced yesterday, we continue to work hard at improving our financial results. The quarterly results move our profitability in the right direction as demonstrated by the expansion of our net interest margin. The continued repricing of our loan
ServBanc Holdco, Inc. ("ServBanc Holdco"), the holding company for Servbank, National Association ("Servbank") and IF Bancorp, Inc. (NASDAQ:IROQ) ("IF Bancorp"), the holding company for Iroquois Federal Savings and Loan Association ("Iroquois Federal"), today jointly announced that they have entered into a definitive agreement whereby ServBanc Holdco and Servbank will acquire IF Bancorp and Iroquois Federal, respectively. Servbank is a banking institution with Illinois roots and a national reach. With this transaction, Servbank is strategically expanding its franchise into central Illinois. IF Bancorp's shareholders will receive approximately $89.8 million, or $27.20 per share, in cash fo
IF Bancorp, Inc. (NASDAQ:IROQ) (the "Company") the holding company for Iroquois Federal Savings and Loan Association (the "Association"), announced net income of $4.3 million, or $1.37 per basic share and diluted share for the fiscal year ended June 30, 2025, compared to $1.8 million, or $0.57 per basic and diluted share for the fiscal year ended June 30, 2024. The Company also announced net income of $1.4 million, or $0.45 per basic share and diluted share for the three months ended June 30, 2025, compared to $431,000, or $0.13 per basic and diluted share for the three months ended June 30, 2024. Walter H. "Chip" Hasselbring, III, Chairman and Chief Executive Officer, commented, "Though
IF Bancorp, Inc. (NASDAQ Capital: IROQ) (the "Company"), the holding company for Iroquois Federal Savings and Loan Association, today announced that its Board of Directors declared a cash dividend of $0.20 per common share. The dividend will be paid on October 17, 2025, to stockholders of record as of the close of business on September 26, 2025. "We are pleased to continue paying a cash dividend to our stockholders," said Walter H. Hasselbring, III, Chief Executive Officer of the Company. "The payment of dividends represents our long-term commitment to enhancing stockholder value and we intend to continue paying a semiannual dividend in the future, assuming that our financial position and
IF Bancorp, Inc. (NASDAQ:IROQ) (the "Company") the holding company for Iroquois Federal Savings and Loan Association (the "Association"), announced unaudited net income of $1.0 million, or $0.31 per basic and diluted share, for the three months ended March 31, 2025, compared to net income of $708,000, or $0.22 per basic and diluted share, for the three months ended March 31, 2024. Walter H. "Chip" Hasselbring, III, Chairman and Chief Executive Officer, commented "The Federal Reserve's easing of short-term rates stalled this quarter and the competitive environment for deposits remains difficult. That being said, our net interest margin continued to improve, contributing to a modest improvem
IF Bancorp, Inc. (NASDAQ Capital: IROQ) (the "Company"), the holding company for Iroquois Federal Savings and Loan Association, today announced that its Board of Directors declared a cash dividend of $0.20 per common share. The dividend will be paid on April 15, 2025, to stockholders of record as of the close of business on March 21, 2025. "We are pleased to continue paying a cash dividend to our stockholders," said Walter H. Hasselbring, III, Chairman and Chief Executive Officer of the Company. "The payment of dividends represents our long-term commitment to enhancing stockholder value and we intend to continue paying a semiannual dividend in the future, assuming that our financial posit
IF Bancorp, Inc. (NASDAQ:IROQ) (the "Company") the holding company for Iroquois Federal Savings and Loan Association (the "Association"), announced unaudited net income of $1.2 million, or $0.38 per basic and diluted share, for the three months ended December 31, 2024, compared to net income of $185,000, or $0.06 per basic and diluted share, for the three months ended December 31, 2023. Walter H. "Chip" Hasselbring, III, Chairman and Chief Executive Officer, commented "While the Federal Reserve has begun easing short term rates, the competitive environment for deposits remains difficult. We held the balances in our loan portfolio steady as we were disciplined based on the funding environm
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IF Bancorp, Inc. (NASDAQ Capital: IROQ) (the "Company"), and its wholly owned subsidiary, Iroquois Federal Savings and Loan Association (the "Association"), today announced that the Boards of Directors (the "Boards") of the Company and the Association unanimously elected Walter H. Hasselbring, III, the current President and Chief Executive Officer of the Company and the Association, as Chair of the Boards. Mr. Hasselbring succeeds, Gary Martin, who, having reached the age limit established by the Board of Directors in the Company's bylaws, retired from the Boards on November 25, 2024, immediately prior to the Company's Annual Meeting of Stockholders. In conjunction with these changes, Mr. H
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IF Bancorp, Inc. (NASDAQ:IROQ) (the "Company") the holding company for Iroquois Federal Savings and Loan Association (the "Association"), announced unaudited net income of $1.3 million, or $0.41 per basic and diluted share, for the three months ended December 31, 2025, compared to net income of $1.2 million, or $0.38 per basic and diluted share, for the three months ended December 31, 2024. Walter H. "Chip" Hasselbring, III, Chairman and Chief Executive Officer, commented, "We continue to execute on our business plan and are pleased with our results for the quarter. As previously announced, we are excited about our pending merger with ServBanc. The transaction remains on track for a first
IF Bancorp, Inc. (NASDAQ:IROQ) (the "Company") the holding company for Iroquois Federal Savings and Loan Association (the "Association"), announced unaudited net income of $1.4 million, or $0.43 per basic and diluted share, for the three months ended September 30, 2025, compared to $633,000, or $0.20 per basic and diluted share, for the three months ended September 30, 2024. "While we are excited about the strategic alliance with ServBank that we announced yesterday, we continue to work hard at improving our financial results. The quarterly results move our profitability in the right direction as demonstrated by the expansion of our net interest margin. The continued repricing of our loan
IF Bancorp, Inc. (NASDAQ:IROQ) (the "Company") the holding company for Iroquois Federal Savings and Loan Association (the "Association"), announced net income of $4.3 million, or $1.37 per basic share and diluted share for the fiscal year ended June 30, 2025, compared to $1.8 million, or $0.57 per basic and diluted share for the fiscal year ended June 30, 2024. The Company also announced net income of $1.4 million, or $0.45 per basic share and diluted share for the three months ended June 30, 2025, compared to $431,000, or $0.13 per basic and diluted share for the three months ended June 30, 2024. Walter H. "Chip" Hasselbring, III, Chairman and Chief Executive Officer, commented, "Though
IF Bancorp, Inc. (NASDAQ Capital: IROQ) (the "Company"), the holding company for Iroquois Federal Savings and Loan Association, today announced that its Board of Directors declared a cash dividend of $0.20 per common share. The dividend will be paid on October 17, 2025, to stockholders of record as of the close of business on September 26, 2025. "We are pleased to continue paying a cash dividend to our stockholders," said Walter H. Hasselbring, III, Chief Executive Officer of the Company. "The payment of dividends represents our long-term commitment to enhancing stockholder value and we intend to continue paying a semiannual dividend in the future, assuming that our financial position and
IF Bancorp, Inc. (NASDAQ:IROQ) (the "Company") the holding company for Iroquois Federal Savings and Loan Association (the "Association"), announced unaudited net income of $1.0 million, or $0.31 per basic and diluted share, for the three months ended March 31, 2025, compared to net income of $708,000, or $0.22 per basic and diluted share, for the three months ended March 31, 2024. Walter H. "Chip" Hasselbring, III, Chairman and Chief Executive Officer, commented "The Federal Reserve's easing of short-term rates stalled this quarter and the competitive environment for deposits remains difficult. That being said, our net interest margin continued to improve, contributing to a modest improvem
IF Bancorp, Inc. (NASDAQ Capital: IROQ) (the "Company"), the holding company for Iroquois Federal Savings and Loan Association, today announced that its Board of Directors declared a cash dividend of $0.20 per common share. The dividend will be paid on April 15, 2025, to stockholders of record as of the close of business on March 21, 2025. "We are pleased to continue paying a cash dividend to our stockholders," said Walter H. Hasselbring, III, Chairman and Chief Executive Officer of the Company. "The payment of dividends represents our long-term commitment to enhancing stockholder value and we intend to continue paying a semiannual dividend in the future, assuming that our financial posit
IF Bancorp, Inc. (NASDAQ:IROQ) (the "Company") the holding company for Iroquois Federal Savings and Loan Association (the "Association"), announced unaudited net income of $1.2 million, or $0.38 per basic and diluted share, for the three months ended December 31, 2024, compared to net income of $185,000, or $0.06 per basic and diluted share, for the three months ended December 31, 2023. Walter H. "Chip" Hasselbring, III, Chairman and Chief Executive Officer, commented "While the Federal Reserve has begun easing short term rates, the competitive environment for deposits remains difficult. We held the balances in our loan portfolio steady as we were disciplined based on the funding environm
IF Bancorp, Inc. (NASDAQ:IROQ) (the "Company") the holding company for Iroquois Federal Savings and Loan Association (the "Association"), announced unaudited net income of $633,000, or $0.20 per basic and diluted share, for the three months ended September 30, 2024, compared to $466,000, or $0.15 per basic share and $0.14 per diluted share, for the three months ended September 30, 2023. Walter H. "Chip" Hasselbring, President and Chief Executive Officer, commented, "While the Federal Reserve has recently begun the process of easing the interest rate environment, it will be a while until the full effects of lower interest rates are felt in our financial results. That being said, we were ple
IF Bancorp, Inc. (NASDAQ:IROQ) (the "Company") the holding company for Iroquois Federal Savings and Loan Association (the "Association"), announced net income of $1.8 million, or $0.57 per basic share and diluted share for the fiscal year ended June 30, 2024, compared to $4.7 million, or $1.50 per basic share and $1.46 per diluted share for the fiscal year ended June 30, 2023. The Company also announced net income of $431,000, or $0.13 per basic share and diluted share for the three months ended June 30, 2024, compared to $597,000, or $0.19 per basic share and $0.18 per diluted share for the three months ended June 30, 2023. "As we mentioned in our last earnings release, the interest rate
IF Bancorp, Inc. (NASDAQ Capital: IROQ) (the "Company"), the holding company for Iroquois Federal Savings and Loan Association, today announced that its Board of Directors declared a cash dividend of $0.20 per common share. The dividend will be paid on October 18, 2024, to stockholders of record as of the close of business on September 27, 2024. "We are pleased to continue paying a cash dividend to our stockholders," said Walter H. Hasselbring, III, President and Chief Executive Officer of the Company. "The payment of dividends represents our long-term commitment to enhancing stockholder value and we intend to continue paying a semiannual dividend in the future, assuming that our financia
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