KFFB

HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., Aug. 07, 2026 (GLOBE NEWSWIRE) -- Kentucky First Federal Bancorp (Nasdaq:  KFFB), the holding company (the “Company”) for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced net income of $680,000 or $0.08 diluted earnings per share for the three months ended June 30, 2026, compared to net income of $176,000 or $0.02 diluted earnings per share for the three months ended June 30, 2025, an increase of $504,000. Net earnings were $1.9 million or $0.24 diluted earnings per share for the twelve months ended June 30, 2026 compared to net earnings of $181,000 or $0.02 diluted earnings per share for the twelve months ended June 30, 2025, an increase of $1.7 million. The increase in net earnings for the quarter ended June 30, 2026 was primarily attributable to higher net interest income.  Net interest income increased $780,000 or 33.9% to $3.1 million due to increased interest income and decreased interest expense from period to period.  Interest income increased $319,000 or 6.4% to $5.3 million, while interest expense decreased $461,000 or 17.2% to $2.2 million for the recently-ended quarter. Somewhat offsetting the higher net interest income was an increase in provision for losses on loans of $183,000, which was partially in response to estimated loss on foreclosure of a residential real estate loan and partially the result of management’s decision that an increase in the company’s overall provision for loan loss was prudent at the time due to overall upward repricing of loans, which may place pressure on borrowers, inflation in the marketplace, a slight downturn in real estate prices in our markets, and overall uncertainty in the economy. Interest income increased for the comparable quarterly periods due to an increase in the average rate earned on interest-earning assets, which increased 62 basis points to 5.90%. An increase in the average rate earned on assets is responsible for the increase in interest income, as average interest-earning assets decreased $7.2 million or 2.0% to $360.1 million for the recently-ended quarterly period. The increase in average rate earned on assets was primarily related to an increase in the rate earned on loans, which resulted from new loan production carrying higher interest rates and adjustable rate mortgages continuing to reprice upward. Interest expense decreased for the comparable quarterly periods due to decreases in both the average balance of interest-bearing liabilities and decrease in the average rate paid on those funds. Average interest-bearing liabilities decreased $10.5 million or 3.3% to $306.1 million for the quarterly period just ended, while the average rate paid decreased 52 basis points to 2.91% for the period. Non-interest income increased $48,000 or 43.2% and totaled $159,000 for the three months ended June 30, 2026, chiefly due to an increase in net gain on sale of loans, which increased $42,000 or 107.7% compared to the quarterly period ended June 30, 2025. Non-interest expense decreased $12,000 or 0.6% to $2.2 million for the three months ended June 30, 2026, primarily due to a decrease in FDIC insurance premiums, which decreased $34,000 or 59.6%. The Company benefited from lower FDIC insurance premiums that followed the previously announced termination by the Office of the Comptroller of the Currency of its formal written agreement with the Company’s indirect wholly owned subsidiary First Federal Savings Bank of Kentucky.  Management anticipates current FDIC insurance rates to remain stable. The increase in net earnings on a twelve-month basis was primarily attributable to increased net interest income and higher non-interest income, which were partially offset by increased non-interest expense, increased provision for credit losses on loans, and higher income tax expense. Net interest income increased $2.8 million or 33.2% to $11.1 million due to increased interest income and decreased interest expense from period to period.  Interest income increased $1.6 million, or 8.1% to $20.8 million, while interest expense decreased $1.2 million or 11.2% to $9.7 million for the recently-ended twelve month period.  Non-interest income increased $129,000 or 25.8% year over year primarily due to increased net gains on sales of loans. Income tax expense increased $538,000 as a result of higher pre-tax earnings, while non-interest expense increased $435,000 or 5.1% to $9.0 million for the twelve months ended June 30, 2026, due primarily to increases in data processing expense and employee compensation and benefits. Data processing expense increased $344,000 or 51.0% year over year due to increased rates, additional expenses associated with servicing, and a change in provider for certain services. Employee compensation and benefits increased $221,000 or 4.6%, as a result of normal salary increases and additional executive and deposit development staff. Provision for loan loss increased $198,000 to $237,000 during the period due largely to items referenced above for the quarterly period. At June 30, 2026, assets totaled $362.4 million, a decrease of $8.8 million or 2.4%, from $371.2 million at June 30, 2025, due primarily to a decrease in loans of $7.5 million or 2.3%, which totaled $320.6 million at June 30, 2026. Cash and cash equivalents also decreased $3.0 million or 15.4% year over year. Investment securities increased $1.1 million or 11.2% due to purchases made in the year.  Total liabilities decreased $10.7 million or 3.3% to $312.1 million at June 30, 2026. Deposits decreased $16.7 million or 6.0% to $260.8 million primarily due to brokered deposits decreasing $14.3 million or 32.6%. Federal Home Loan Bank advances increased $5.8 million or 13.6% to $48.6 million. At June 30, 2026, the Company reported its book value per share as $6.22.  Shareholders’ equity increased $1.9 million or 4.0% to $50.3 million at June 30, 2026 compared to June 30, 2025, which was primarily associated with net earnings during the period. Forward-Looking Statements This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Act of 1995 or the Securities and Exchange Commission in its rules, regulations and releases.  The Company intends that such forward-looking statements be subject to the safe harbors created thereby. These forward-looking statements may be identified by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “estimate,” “intend” and “potential,” or words of similar meaning, or future or conditional verbs such as “should,” “could,” or “may.” Forward-looking statements include statements of our goals, intentions and expectations; statements regarding our business plans, prospects, growth and operating strategies; statements regarding the quality of our loan and investment portfolios; and estimates of our risks and future costs and benefits. Kentucky First Federal Bancorp’s actual results, performance or achievements may materially differ from those expressed or implied in the forward-looking statements. Risks and uncertainties that could cause or contribute to such material differences include, but are not limited to, general economic conditions; prices for real estate in the Company’s market areas; the interest rate environment and the impact of the interest rate environment on our business, financial condition and results of operations; our ability to successfully execute our strategy to increase earnings, increase core deposits, reduce reliance on higher cost funding sources and shift more of our loan portfolio towards higher-earning loans; our ability to pay future dividends and if so at what level; our ability to receive any required regulatory approval or non-objection to pay dividends to shareholders; our ability to pay dividends from First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky to the Company in order for the Company to pay dividends to shareholders; the ability of First Federal MHC to receive approval of its members to waive the payment of any Company dividends to First Federal MHC; competitive conditions in the financial services industry; changes in the level of inflation; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; changes in the demand for loans, deposits and other financial services that we provide; the possibility that future credit losses may be higher than currently expected; competitive pressures among financial services companies; the ability to attract, develop and retain qualified employees; our ability to maintain the security of our data processing and information technology systems; the outcome of pending or threatened litigation, or of matters before regulatory agencies; changes in law, governmental policies and regulations, rapidly changing technology affecting financial services, and the other matters mentioned in Item 1A of the Company’s Annual Report on Form 10-K for the year ended June 30, 2025.  Except as required by applicable law or regulation, the Company does not undertake the responsibility, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events. About Kentucky First Federal Bancorp Kentucky First Federal Bancorp is the parent company of First Federal Savings and Loan Association of Hazard, which operates one banking office in Hazard, Kentucky, and First Federal Savings Bank of Kentucky, which operates three banking offices in Frankfort, Kentucky, two banking offices in Danville, Kentucky and one banking office in Lancaster, Kentucky. Kentucky First Federal Bancorp shares are traded on the Nasdaq National Market under the symbol KFFB. At June 30, 2026, the Company had approximately 8,086,715 shares outstanding of which approximately 58.5% was held by First Federal MHC.

Dividend Declaration Follows Vote by First Federal MHC Members to Waive Receipt of Dividends Paid by Kentucky First Federal Bancorp HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., July 28, 2026 (GLOBE NEWSWIRE) -- Kentucky First Federal Bancorp (Nasdaq: KFFB), the holding company (the “Company” or “Kentucky First”) for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced that on July 28, 2026, the members of First Federal MHC voted to waive First Federal MHC’s right to receive quarterly dividends aggregating up to $0.40 per share declared by Kentucky First during the next 12-month period. First Federal MHC holds 58.5% of the Company’s outstanding shares of common stock and the members of First Federal MHC previously approved similar proposals to waive First Federal MHC’s right to receive dividends declared and paid by the Company from 2012 through 2023. Kentucky First’s Board of Directors also announced that its Board declared a cash dividend of $0.05 per share payable on September 21, 2026 to shareholders of record on August 31, 2026. Forward-Looking Statements This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Act of 1995 or the Securities and Exchange Commission in its rules, regulations and releases. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. These forward-looking statements may be identified by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “estimate,” “intend” and “potential,” or words of similar meaning, or future or conditional verbs such as “should,” “could,” or “may.” Forward-looking statements include statements of our goals, intentions and expectations; statements regarding our business plans, prospects, growth and operating strategies; statements regarding the quality of our loan and investment portfolios; and estimates of our risks and future costs and benefits. Kentucky First Federal Bancorp’s actual results, performance or achievements may materially differ from those expressed or implied in the forward-looking statements. Risks and uncertainties that could cause or contribute to such material differences include, but are not limited to, general economic conditions; prices for real estate in the Company’s market areas; the interest rate environment and the impact of the interest rate environment on our business, financial condition and results of operations; our ability to successfully execute our strategy to increase earnings, increase core deposits, reduce reliance on higher cost funding sources and shift more of our loan portfolio towards higher-earning loans; our ability to pay future dividends and if so at what level; our ability to receive any required regulatory approval or non-objection to pay dividends to shareholders; our ability to pay dividends from First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky to the Company in order for the Company to pay dividends to shareholders; the ability of First Federal MHC to receive approval of its members to waive the payment of any Company dividends to First Federal MHC; competitive conditions in the financial services industry; changes in the level of inflation; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; changes in the demand for loans, deposits and other financial services that we provide; the possibility that future credit losses may be higher than currently expected; competitive pressures among financial services companies; the ability to attract, develop and retain qualified employees; our ability to maintain the security of our data processing and information technology systems; the outcome of pending or threatened litigation, or of matters before regulatory agencies; changes in law, governmental policies and regulations, rapidly changing technology affecting financial services, and the other matters mentioned in Item 1A of the Company’s Annual Report on Form 10-K for the year ended June 30, 2025. Except as required by applicable law or regulation, the Company does not undertake the responsibility, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events. About Kentucky First Federal Bancorp Kentucky First Federal Bancorp is the parent company of First Federal Savings and Loan Association of Hazard, which operates one banking office in Hazard, Kentucky, and First Federal Savings Bank of Kentucky, which operates three banking offices in Frankfort, Kentucky, two banking offices in Danville, Kentucky and one banking office in Lancaster, Kentucky. Kentucky First Federal Bancorp shares are traded on the Nasdaq National Market under the symbol KFFB. At June 30, 2026, the Company had approximately 8,086,715 shares outstanding of which approximately 58.5% was held by First Federal MHC.

Special Board Meeting to be Held on July 28, 2026 HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., May 29, 2026 (GLOBE NEWSWIRE) -- Kentucky First Federal Bancorp (Nasdaq: KFFB), the holding company (the “Company” or “Kentucky First”) for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced that on July 28, 2026 its Board of Directors will hold a special meeting of the Board to evaluate whether to declare a quarterly dividend on shares of the Company’s common stock in an amount not to exceed $0.10 per share. However, the Kentucky First Board of Directors may decide to declare a lower dividend or declare no dividend at all. No decision regarding the amount, frequency, or occurrence of future dividends has been made by the Kentucky First Board of Directors at this time and all dividends on Kentucky First common stock are declared at the discretion of the Kentucky First Board of Directors. The Company previously announced on January 16, 2024, that the Board of Directors had voted to suspend the payment of dividends and the Company has not paid a dividend since November 2023. The Company’s July 28, 2026 special Board meeting will follow the meeting of the members of First Federal MHC who are meeting on July 28, 2026 to vote on a proposal to permit First Federal MHC to waive its right to receive quarterly dividends aggregating up to $0.40 per share declared by Kentucky First during the 12-month period following member approval of the dividend waiver proposal. First Federal MHC holds 58.5% of the Company’s outstanding shares of common stock. The members of First Federal MHC previously approved similar proposals to waive First Federal MHC’s right to receive dividends declared and paid by the Company from 2012 through 2023. The declaration and payment of any dividend by the Kentucky First Board of Directors remains subject to any required non-objection of the Federal Reserve Bank of Cleveland. Forward-Looking Statements This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Act of 1995 or the Securities and Exchange Commission in its rules, regulations and releases. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. These forward-looking statements may be identified by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “estimate,” “intend” and “potential,” or words of similar meaning, or future or conditional verbs such as “should,” “could,” or “may.” Forward-looking statements include statements of our goals, intentions and expectations; statements regarding our business plans, prospects, growth and operating strategies; statements regarding the quality of our loan and investment portfolios; and estimates of our risks and future costs and benefits. Kentucky First Federal Bancorp’s actual results, performance or achievements may materially differ from those expressed or implied in the forward-looking statements. Risks and uncertainties that could cause or contribute to such material differences include, but are not limited to, general economic conditions; prices for real estate in the Company’s market areas; the interest rate environment and the impact of the interest rate environment on our business, financial condition and results of operations; our ability to successfully execute our strategy to increase earnings, increase core deposits, reduce reliance on higher cost funding sources and shift more of our loan portfolio towards higher-earning loans; our ability to pay future dividends and if so at what level; our ability to receive any required regulatory approval or non-objection to pay dividends to shareholders; our ability to pay dividends from First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky to the Company in order for the Company to pay dividends to shareholders; the ability of First Federal MHC to receive approval of its members to waive the payment of any Company dividends to First Federal MHC; competitive conditions in the financial services industry; changes in the level of inflation; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; changes in the demand for loans, deposits and other financial services that we provide; the possibility that future credit losses may be higher than currently expected; competitive pressures among financial services companies; the ability to attract, develop and retain qualified employees; our ability to maintain the security of our data processing and information technology systems; the outcome of pending or threatened litigation, or of matters before regulatory agencies; changes in law, governmental policies and regulations, rapidly changing technology affecting financial services, and the other matters mentioned in Item 1A of the Company’s Annual Report on Form 10-K for the year ended June 30, 2025. Except as required by applicable law or regulation, the Company does not undertake the responsibility, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events. About Kentucky First Federal Bancorp Kentucky First Federal Bancorp is the parent company of First Federal Savings and Loan Association of Hazard, which operates one banking office in Hazard, Kentucky, and First Federal Savings Bank of Kentucky, which operates three banking offices in Frankfort, Kentucky, two banking offices in Danville, Kentucky and one banking office in Lancaster, Kentucky. Kentucky First Federal Bancorp shares are traded on the Nasdaq National Market under the symbol KFFB. At March 31, 2026, the Company had approximately 8,086,715 shares outstanding of which approximately 58.5% was held by First Federal MHC.

HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., May 11, 2026 (GLOBE NEWSWIRE) -- Kentucky First Federal Bancorp (Nasdaq: KFFB), the holding company (the “Company”) for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced net income of $581,000 or $0.07 diluted earnings per share for the three months ended March 31, 2026, compared to net income of $7,000 or $0.00 diluted earnings per share for the three months ended March 31, 2025, an increase of $574,000. Net earnings were $1.2 million or $0.15 diluted earnings per share for the nine months ended Mach 31, 2026 compared to net earnings of $5,000 or $0.00 diluted earnings per share for the nine months ended March 31, 2025, an increase of $1.2 million. The increase in net earnings for the quarter ended March 31, 2026 was primarily attributable to higher net interest income. Net interest income increased $736,000 or 34.5% to $2.9 million due to increased interest income and decreased interest expense from period to period. Interest income increased $411,000 or 8.5% to $5.3 million, while interest expense decreased $325,000 or 12.0% to $2.4 million for the recently-ended quarter. Interest income increased for the comparable quarterly periods due to an increase in the average rate earned on interest-earning assets, which increased 48 basis points to 5.76%. Average interest-earning assets decreased $2.2 million or 0.6% to $365.1 million for the recently-ended quarterly period. The average rate earned on assets was due primarily to an increase in the rate earned on loans, which was the result of new loan production carrying higher interest rates and adjustable rate mortgages continuing to reprice upward. Interest expense decreased for the comparable quarterly periods due to a decrease in the average balance of interest-bearing liabilities as well as a decrease in the average rate paid on those funds. Average interest-bearing liabilities decreased $3.8 million or 1.2% to $312.9 million for the quarterly period just ended, while the average rate paid decreased 37 basis points to 3.06% for the period. Non-interest income increased $58,000 or 71.6% and totaled $139,000 for the three months ended March 31, 2026. Non-interest expense increased $34,000 or 1.6% to $2.2 million for the three months ended March 31, 2026 primarily due to employee compensation and benefits expense increasing $79,000 or 6.5% primarily due to annual performance-based adjustments and higher health insurance costs. Data processing expense also increased $64,000 or 35.6%. This was slightly offset by outside service fees decreasing $36,000 or 23.5% in the same period. The increase in net earnings on a nine-month basis was primarily attributable to increased net interest income and higher non-interest income, which were partially offset by increased non-interest expense and increased provision for income tax. Net interest income increased $2.0 million or 33.0% to $8.0 million due to increased interest income and decreased interest expense from period to period. Interest income increased $1.2 million, or 8.7% to $15.5 million, while interest expense decreased $754,000 or 9.2% to $7.5 million for the recently-ended nine month period. Non-interest income increased $81,000 or 20.8% year over year primarily due to increased net gains on sales of loans, while provision for loan loss increased $15,000 or 41.7% to $51,000 for the nine months ended March 31, 2026. Non-interest expense increased $446,000 or 7.0% to $6.8 million for the nine months ended March 31, 2026, due primarily to data processing expense increasing $244,000 or 54.1%. Employee compensation and benefits also increased $198,000 or 5.5%. Outside service fees increased $134,000 or 35.5% for the nine months ended March 31, 2026 compared to March 31, 2025. This was slightly offset by regulatory assessment expense decreasing $18,000 or 25.4% in the same period. Income tax expense increased $386,000 as a result of higher pre-tax earnings. At March 31, 2026, assets totaled $374.5 million, an increase of $3.3 million or 0.9%, from $371.2 million at June 30, 2025, due primarily to an increase in cash and cash equivalents of $1.8 million or 9.3% and totaled $21.3 million. Loans, net, totaled $328.2 million, an increase of $975,000 or 0.3%, as well as an increase in investment securities of $480,000 or 4.8% compared to June 30, 2025. Total liabilities increased $2.0 million or 0.6% to $324.9 million at March 31, 2026. FHLB advances increased $6.2 million or 14.4% to $48.9 million to fund the growth in assets. Deposits decreased $3.9 million or 1.4% to $273.7 million primarily related to a decrease in savings accounts associated with distributions of funds in administration of various estate accounts. At March 31, 2026, the Company reported its book value per share as $6.14. Shareholders’ equity increased $1.3 million or 2.7% to $49.7 million at March 31, 2026 compared to June 30, 2025. The increase in shareholders’ equity was primarily associated with net earnings during the period, as well as accumulated other comprehensive loss decreasing $60,000 at March 31, 2026 compared to June 30, 2025. Unrealized losses on our investment portfolio continued to decrease during the recently-ended period. Forward-Looking Statements This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Act of 1995 or the Securities and Exchange Commission in its rules, regulations and releases. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. These forward-looking statements may be identified by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “estimate,” “intend” and “potential,” or words of similar meaning, or future or conditional verbs such as “should,” “could,” or “may.” Forward-looking statements include statements of our goals, intentions and expectations; statements regarding our business plans, prospects, growth and operating strategies; statements regarding the quality of our loan and investment portfolios; and estimates of our risks and future costs and benefits. Kentucky First Federal Bancorp’s actual results, performance or achievements may materially differ from those expressed or implied in the forward-looking statements. Risks and uncertainties that could cause or contribute to such material differences include, but are not limited to, general economic conditions; prices for real estate in the Company’s market areas; the interest rate environment and the impact of the interest rate environment on our business, financial condition and results of operations; our ability to successfully execute our strategy to increase earnings, increase core deposits, reduce reliance on higher cost funding sources and shift more of our loan portfolio towards higher-earning loans; our ability to pay future dividends and if so at what level; our ability to receive any required regulatory approval or non-objection to pay dividends to shareholders; our ability to pay dividends from First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky to the Company in order for the Company to pay dividends to shareholders; the ability of First Federal MHC to receive approval of its members to waive the payment of any Company dividends to First Federal MHC; competitive conditions in the financial services industry; changes in the level of inflation; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; changes in the demand for loans, deposits and other financial services that we provide; the possibility that future credit losses may be higher than currently expected; competitive pressures among financial services companies; the ability to attract, develop and retain qualified employees; our ability to maintain the security of our data processing and information technology systems; the outcome of pending or threatened litigation, or of matters before regulatory agencies; changes in law, governmental policies and regulations, rapidly changing technology affecting financial services, and the other matters mentioned in Item 1A of the Company’s Annual Report on Form 10-K for the year ended June 30, 2025. Except as required by applicable law or regulation, the Company does not undertake the responsibility, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events. About Kentucky First Federal Bancorp Kentucky First Federal Bancorp is the parent company of First Federal Savings and Loan Association of Hazard, which operates one banking office in Hazard, Kentucky, and First Federal Savings Bank of Kentucky, which operates three banking offices in Frankfort, Kentucky, two banking offices in Danville, Kentucky and one banking office in Lancaster, Kentucky. Kentucky First Federal Bancorp shares are traded on the Nasdaq National Market under the symbol KFFB. At March 31, 2026, the Company had approximately 8,086,715 shares outstanding of which approximately 58.5% was held by First Federal MHC.

HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Kentucky First Federal Bancorp (Nasdaq: KFFB), the holding company (the “Company”) for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced net income of $304,000 or $0.04 diluted earnings per share for the three months ended December 31, 2025, compared to net income of $13,000 or $0.00 diluted earnings per share for the three months ended December 31, 2024, an increase of $291,000. Net earnings were $648,000 or $0.08 diluted earnings per share for the six months ended December 31, 2025 compared to a net loss of $2,000 or $(0.00) diluted earnings per share for the six months ended December 31, 2024, an increase of $650,000. The increase in net earnings for the quarter ended December 31, 2025 was primarily attributable to higher net interest income. Net interest income increased $618,000 or 30.3% to $2.7 million due to increased interest income and decreased interest expense from period to period. Interest income increased $392,000 or 8.2% to $5.2 million, while interest expense decreased $226,000 or 8.2% to $2.5 million for the recently-ended quarter. Interest income increased for the comparable quarterly periods due to an increase in the average rate earned on interest-earning assets, which increased 48 basis points to 5.76%. Average interest-earning assets decreased $2.8 million or 0.8% to $359.5 million for the recently-ended quarterly period. The average rate earned on assets was due primarily to an increase in the rate earned on loans, which was the result of new loan production carrying higher interest rates and adjustable rate mortgages continuing to reprice upward. Interest expense decreased for the comparable quarterly periods due to a decrease in the average balance of interest-bearing liabilities as well as a decrease in the average rate paid on those funds. Average interest-bearing liabilities decreased $2.9 million or 0.9% to $308.2 million for the quarterly period just ended, while the average rate paid decreased 26 basis points to 3.27% for the period. Non-interest income increased $7,000 or 4.1% and totaled $178,000 for the three months ended December 31, 2025. Non-interest expense increased $220,000 or 10.0% to $2.4 million for the three months ended December 31, 2025 primarily due to data processing expense increasing $118,000 or 110.3%. Employee compensation and benefits also increased $100,000 or 8.3%. Outside service fees increased $79,000 or 51.0% for the three months ended December 31, 2025, compared to December 31, 2024. This was slightly offset by professional fees decreasing $57,000 or 31.5% in the same period. The increase in net earnings on a six-month basis was primarily attributable to increased net interest income, higher non-interest income, and decreased provision for loan losses, and which was partially offset by increased provision for income tax and increased non-interest expense. Net interest income increased $1.3 million or 32.1% to $5.2 million due to increased interest income and decreased interest expense from period to period. Interest income increased $825,000 or 8.8% to $10.2 million, while interest expense decreased $428,000 or 7.8% to $5.1 million for the recently-ended semi-annual period. Non-interest income increased $23,000 or 7.5% year over year primarily due to increased net gains on sales of loans, while provision for loan loss decreased $5,000 or 33.3% to $10,000 for the six months ended December 31, 2025. Non-interest expense increased $412,000 or 9.8% to $4.6 million for the six months ended December 31, 2025, due primarily to data processing expense increasing $180,000 or 66.4%. Employee compensation and benefits also increased $119,000 or 5.0%. Outside service fees increased $169,000 or 75.1% for the six months ended December 31, 2025 compared to December 31, 2024. This was slightly offset by professional fees decreasing $81,000 or 35.4% in the same period. Income tax expense increased $219,000 as a result of higher pre-tax earnings. At December 31, 2025, assets totaled $375.3 million, an increase of $4.1 million or 1.1%, from $371.2 million at June 30, 2025, due primarily to an increase in loans, net, of $2.6 million or 0.8%, as well as an increase in investment securities of $1.4 million or 14.2%. Cash and cash equivalents totaled $19.7 million, an increase of $192,000 or 1.0% compared to June 30, 2025. Total liabilities increased $3.3 million or 1.0% to $326.2 million at December 31, 2025. FHLB advances increased $8.7 million or 20.3% to $51.4 million to fund the growth in assets. Deposits decreased $4.4 million or 1.6% to $273.2 million primarily related to a decrease in savings accounts associated with distributions of funds in administration of various estate accounts. At December 31, 2025, the Company reported its book value per share as $6.07. Shareholders’ equity increased $732,000 or 1.5% to $49.1 million at December 31, 2025 compared to June 30, 2025. The increase in shareholders’ equity was primarily associated with net earnings during the period, as well as accumulated other comprehensive loss decreasing $84,000 at December 31, 2025 compared to June 30, 2025. Unrealized losses on our investment portfolio continued to decrease during the recently-ended period. Forward-Looking Statements This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Act of 1995 or the Securities and Exchange Commission in its rules, regulations and releases. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. These forward-looking statements may be identified by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “estimate,” “intend” and “potential,” or words of similar meaning, or future or conditional verbs such as “should,” “could,” or “may.” Forward-looking statements include statements of our goals, intentions and expectations; statements regarding our ability to fully and timely address the deficiencies that resulted in the Agreement that First Federal Savings Bank of Kentucky has entered into with the Office of the Comptroller of the Currency (“OCC”); First Federal Savings Bank of Kentucky’s ability to satisfy the Individual Minimum Capital Requirements imposed by the OCC; statements regarding our business plans, prospects, growth and operating strategies; statements regarding the quality of our loan and investment portfolios; and estimates of our risks and future costs and benefits. Kentucky First Federal Bancorp’s actual results, performance or achievements may materially differ from those expressed or implied in the forward-looking statements. Risks and uncertainties that could cause or contribute to such material differences include, but are not limited to, general economic conditions; prices for real estate in the Company’s market areas; the interest rate environment and the impact of the interest rate environment on our business, financial condition and results of operations; our ability to successfully execute our strategy to increase earnings, increase core deposits, reduce reliance on higher cost funding sources and shift more of our loan portfolio towards higher-earning loans; our ability to pay future dividends and if so at what level; our ability to receive the regulatory approvals necessary for the Company’s and First Federal Savings Bank of Kentucky’s management transition and the success of our restructured management team following the receipt of such regulatory approvals; our ability to receive any required regulatory approval or non-objection to pay dividends to shareholders; our ability to pay dividends from First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky to the Company in order for the Company to pay dividends to shareholders; the ability of First Federal MHC to receive approval of its members to waive the payment of any Company dividends to First Federal MHC; competitive conditions in the financial services industry; changes in the level of inflation; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; changes in the demand for loans, deposits and other financial services that we provide; the possibility that future credit losses may be higher than currently expected; competitive pressures among financial services companies; the ability to attract, develop and retain qualified employees; our ability to maintain the security of our data processing and information technology systems; the outcome of pending or threatened litigation, or of matters before regulatory agencies; changes in law, governmental policies and regulations, rapidly changing technology affecting financial services, and the other matters mentioned in Item 1A of the Company’s Annual Report on Form 10-K for the year ended June 30, 2025. Except as required by applicable law or regulation, the Company does not undertake the responsibility, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events. About Kentucky First Federal Bancorp Kentucky First Federal Bancorp is the parent company of First Federal Savings and Loan Association of Hazard, which operates one banking office in Hazard, Kentucky, and First Federal Savings Bank of Kentucky, which operates three banking offices in Frankfort, Kentucky, two banking offices in Danville, Kentucky and one banking office in Lancaster, Kentucky. Kentucky First Federal Bancorp shares are traded on the Nasdaq National Market under the symbol KFFB. At December 31, 2025, the Company had approximately 8,086,715 shares outstanding of which approximately 58.5% was held by First Federal MHC.

HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., Nov. 06, 2025 (GLOBE NEWSWIRE) -- Kentucky First Federal Bancorp (Nasdaq: KFFB), the holding company (the “Company”) for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced net income of $344,000 or $0.04 diluted earnings per share for the three months ended September 30, 2025, compared to a net loss of $15,000 or $(0.00) diluted earnings per share for the three months ended September 30, 2024, an increase of $359,000. The increase in net income for the quarter ended September 30, 2025 was primarily attributable to higher net interest income, lack of a provision for loan loss, and slightly higher non-interest income, which were partially offset by higher non-interest expense and higher income tax expense. Net interest income increased $634,000 or 33.9% to $2.5 million due primarily to both an increase in interest income as well as a decrease in interest expense. Interest income increased $432,000 or 9.4%, to $5.1 million, while interest expense decreased $202,000 or 7.3% to $2.5 million for the recently-ended quarter. The average rate earned on interest-earning assets increased 53 basis points to 5.59% and was the primary reason for the increase in interest income, more than enough to make up for the decrease in average interest earning assets, which totaled $361.7 million for the recently-ended quarterly period, a decrease of $4.0 million or 1.10%. The increase in average rate earned is mostly due to the interest rate earned on loans, which increased 63 basis points to 5.71% quarter to quarter. Interest rates on loans have increased due to new loan production at higher coupons as well as repricing of our adjustable rate mortgages to higher rates. The average rate paid on interest-bearing liabilities decreased 22 basis points to 3.33% and was the primary reason for the increase in interest expense, despite a decrease in the average balance of interest-bearing liabilities by $3.0 million or 1.0%. Non-interest income increased $16,000 or 11.7% and totaled $153,000 for the three months ended September 30, 2025, primarily due to net gains on sales of loans Which is due to an increase in demand for fixed -rate secondary market loans. We recorded no provision for credit loss for the recently-ended quarter compared to a provision of $15,000 in the prior year period. Management determined that the current period allowance for credit loss was sufficient in light of the slight decrease in the loan portfolio during the recently-ended quarter. Loans, net, decreased $798,000 and totaled $326.5 million at September 30, 2025, compared to $327.2 million at June 30, 2025. Income tax expense increased $115,000 period to period, as income tax expense totaled $109,000 for the three months just ended compared to income tax benefit of $6,000 in the prior year quarter. The increase is due to increased earnings, with the three months ended September 30, 2025 income before income taxes being $474,000 higher than that of the three months ended September 30, 2024. Non-interest expense increased $191,000 period to period primarily due to higher expenses associated with outside service fees and data processing expense. Outside service fees increased $90,000 or 128.6% and totaled $160,000 due to higher rates as well as additional third party services utilized in the quarter. Data processing expense increased $62,000 or 37.8% and totaled $226,000 due to increased rates and additional products provided by the core provider. At September 30, 2025, assets totaled $366.5 million, a decrease of $4.7 million or 1.3%, from $371.2 million at June 30, 2025, due primarily to a decrease in cash and cash equivalents, decreasing $4.9 million or 24.9% as the Company purchased additional investment securities and used excess liquidity to pay off various funding sources. Total liabilities decreased $5.1 million or 1.6% to $317.7 million at September 30, 2025, as total deposits decreased $6.1 million or 2.2% to $271.4 million. At September 30, 2025, the Company reported its book value per share as $6.03. Shareholders’ equity increased $410,000 or 0.8% to $48.8 million at September 30, 2025 compared to June 30, 2025. The increase in shareholders’ equity was primarily associated with net earnings for the quarter as well as a decrease of $66,000 in accumulated other comprehensive loss associated with a decrease in unrealized losses on the investment portfolio. Forward-Looking Statements This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Act of 1995 or the Securities and Exchange Commission in its rules, regulations and releases. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. These forward-looking statements may be identified by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “estimate,” “intend” and “potential,” or words of similar meaning, or future or conditional verbs such as “should,” “could,” or “may.” Forward-looking statements include statements of our goals, intentions and expectations; statements regarding our ability to fully and timely address the deficiencies that resulted in the Agreement that First Federal Savings Bank of Kentucky has entered into with the Office of the Comptroller of the Currency (“OCC”); First Federal Savings Bank of Kentucky’s ability to satisfy the Individual Minimum Capital Requirements imposed by the OCC; statements regarding our business plans, prospects, growth and operating strategies; statements regarding the quality of our loan and investment portfolios; and estimates of our risks and future costs and benefits. Kentucky First Federal Bancorp’s actual results, performance or achievements may materially differ from those expressed or implied in the forward-looking statements. Risks and uncertainties that could cause or contribute to such material differences include, but are not limited to, general economic conditions; prices for real estate in the Company’s market areas; the interest rate environment and the impact of the interest rate environment on our business, financial condition and results of operations; our ability to successfully execute our strategy to increase earnings, increase core deposits, reduce reliance on higher cost funding sources and shift more of our loan portfolio towards higher-earning loans; our ability to pay future dividends and if so at what level; our ability to receive any required regulatory approval or non-objection to pay dividends to shareholders; our ability to pay dividends from First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky to the Company in order for the Company to pay dividends to shareholders; the ability of First Federal MHC to receive approval of its members to waive the payment of any Company dividends to First Federal MHC; competitive conditions in the financial services industry; changes in the level of inflation; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; changes in the demand for loans, deposits and other financial services that we provide; the possibility that future credit losses may be higher than currently expected; competitive pressures among financial services companies; the ability to attract, develop and retain qualified employees; our ability to maintain the security of our data processing and information technology systems; the outcome of pending or threatened litigation, or of matters before regulatory agencies; changes in law, governmental policies and regulations, rapidly changing technology affecting financial services, and the other matters mentioned in Item 1A of the Company’s Annual Report on Form 10-K for the year ended June 30, 2025. Except as required by applicable law or regulation, the Company does not undertake the responsibility, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events. About Kentucky First Federal Bancorp Kentucky First Federal Bancorp is the parent company of First Federal Savings and Loan Association of Hazard, which operates one banking office in Hazard, Kentucky, and First Federal Savings Bank of Kentucky, which operates three banking offices in Frankfort, Kentucky, two banking offices in Danville, Kentucky and one banking office in Lancaster, Kentucky. Kentucky First Federal Bancorp shares are traded on the Nasdaq National Market under the symbol KFFB. At September 30, 2025, the Company had approximately 8,086,715 shares outstanding of which approximately 58.5% was held by First Federal MHC.

HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., Sept. 19, 2025 (GLOBE NEWSWIRE) -- Kentucky First Federal Bancorp (Nasdaq: KFFB), the holding company (the “Company”) for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced net income of $176,000 or $0.02 diluted earnings per share for the three months ended June 30, 2025, compared to a net loss of $1.1 million or $(0.13) diluted earnings per share for the three months ended June 30, 2024, an increase of $1.3 million. Net earnings were $181,000 or $0.02 diluted earnings per share for the twelve months ended June 30, 2025 compared to a net loss of $1.7 million or $(0.21) diluted earnings per share for the twelve months ended June 30, 2025, an increase of $1.9 million. The increase in net earnings for the quarter ended June 30, 2025 was primarily attributable to the lack of a goodwill impairment charge, which had been recorded in the amount of $947,000 for the quarter ended June 30, 2024. The goodwill impairment charge, which had no tax impact represents 100.0% of goodwill previously reported. Goodwill of $14.5 million was originally recorded in March 2005 when the Company, as part of its initial public offering, acquired Frankfort First Bancorp, Inc., with a portion of the stock and cash proceeds from the offering. In connection with the Frankfort First acquisition, the Company recognized an impairment charge of $13.6 million at June 30, 2020, leaving the remaining level of goodwill at $947,000. The impairment charge represents an accounting transaction which had no impact on cash flows, liquidity, or key capital ratios of the Company or its bank subsidiaries. The increase in net earnings for the quarter ended June 30, 2025 can also be attributed to an increase in net interest income. Net interest income increased period to period $401,000 or 21.1% to $2.3 million due primarily to interest income increasing more than interest expense increased. Interest income increased $545,000 or 12.3% to $5.0 million, while interest expense increased $144,000 or 5.7% to $2.7 million for the recently-ended quarter. Results of operations were positively impacted by the recently improved interest rate environment and because the repricing level of our assets has begun to outpace the prior increases in interest paid on liabilities. The average rate earned on interest-earning assets increased 63 basis points to 5.25% and was the primary reason for the increase in interest income for the year recently ended, although average interest-earning assets also increased $14.1 million or 4.0% to $366.6 million for the year recently ended. The average rate paid on interest-bearing liabilities increased 35 basis points to 3.47% due to having to pay higher rates to attract deposits and was the primary reason for the increase in interest expense, although average interest-bearing liabilities also increased $16.7 million or 5.6%. Net interest margin increased 29 basis points to 2.28%. Non-interest income increased $59,000 or 113.5% and totaled $111,000 for the three months ended June 30, 2025, almost entirely due to net gains on sales of loans increasing $39,000 compared to June 30, 2024. This was due to the increase in demand for fixed-rate secondary market loans, while the net gain on sale of loans for the twelve months recently ended has increased $187,000 or 1,335.7%. The increase in demand for fixed-rate secondary market loans is primarily the result of the improved interest rate environment. The increase in demand for fixed-rate secondary market loans is primarily the result of the improved interest rate environment. Non-interest expense, excluding goodwill impairment charge, also increased $88,000 or 4.2% for the three months ended June 30, 2025 compared to June 30, 2024 primarily due to data processing fees increasing $102,000, with the majority of this due to increased fees associated with core processing. This increase was partially offset by outside service fees decreasing $33,000 or 19.9% for the three months ended June 30, 2025 compared to June 30, 2024. Total income tax expense increased $100,000 for the recently ended quarter to an income tax expense of $62,000 at June 30, 2025 compared to an income tax benefit of $38,000 at June 30, 2024. This increase is due to higher earnings for the recently ended quarter. At June 30, 2025, assets totaled $371.2 million, a decrease of $3.8 million or 1.0%, from $375.0 million at June 30, 2024, due primarily to the decrease in loans, net of $5.8 million or 1.7%. This was partially offset by an increase in cash and cash equivalents increasing $1.2 million or 6.5% consisting of fed funds sold increasing $7.9 million or 1,120.0%, cash and due from financial institutions increasing $429,000 or 22.4%, and interest-bearing demand deposits decreasing $7.1 million or 45.4%. Investment securities increased $67,000 or 0.7% to $9.9 million at June 30, 2024 due to a combination of investment purchases as well as principal repayments and prepayments. Total liabilities decreased $4.1 million or 1.3% to $322.8 million at June 30, 2025, as FHLB advances decreased $26.2 million or 38.0%, which was partially offset by deposits increasing $21.4 million or 8.4% as consistent with our efforts to increase deposits and reduce reliance on FHLB advances. At June 30, 2025, the Company reported its book value per share as $5.98. Shareholders’ equity increased $372,000 or 0.8% to $48.4 million at June 30, 2025 compared to June 30, 2024. The increase in shareholders’ equity was primarily associated with accumulated other comprehensive loss decreasing $191,000 at June 30, 2025 compared to June 30, 2024 as the unrealized losses on our investment portfolio decreased combined with net earnings for the period. Forward-Looking Statements This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Act of 1995 or the Securities and Exchange Commission in its rules, regulations and releases. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. These forward-looking statements may be identified by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “estimate,” “intend” and “potential,” or words of similar meaning, or future or conditional verbs such as “should,” “could,” or “may.” Forward-looking statements include statements of our goals, intentions and expectations; statements regarding our ability to fully and timely address the deficiencies that resulted in the Agreement that First Federal Savings Bank of Kentucky has entered into with the Office of the Comptroller of the Currency (“OCC”); First Federal Savings Bank of Kentucky’s ability to satisfy the Individual Minimum Capital Requirements imposed by the OCC; statements regarding our business plans, prospects, growth and operating strategies; statements regarding the quality of our loan and investment portfolios; and estimates of our risks and future costs and benefits. Kentucky First Federal Bancorp’s actual results, performance or achievements may materially differ from those expressed or implied in the forward-looking statements. Risks and uncertainties that could cause or contribute to such material differences include, but are not limited to, general economic conditions; prices for real estate in the Company’s market areas; the interest rate environment and the impact of the interest rate environment on our business, financial condition and results of operations; our ability to successfully execute our strategy to increase earnings, increase core deposits, reduce reliance on higher cost funding sources and shift more of our loan portfolio towards higher-earning loans; our ability to pay future dividends and if so at what level; our ability to receive any required regulatory approval or non-objection to pay dividends to shareholders; our ability to pay dividends from First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky to the Company in order for the Company to pay dividends to shareholders; the ability of First Federal MHC to receive approval of its members to waive the payment of any Company dividends to First Federal MHC; competitive conditions in the financial services industry; changes in the level of inflation; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; changes in the demand for loans, deposits and other financial services that we provide; the possibility that future credit losses may be higher than currently expected; competitive pressures among financial services companies; the ability to attract, develop and retain qualified employees; our ability to maintain the security of our data processing and information technology systems; the outcome of pending or threatened litigation, or of matters before regulatory agencies; changes in law, governmental policies and regulations, rapidly changing technology affecting financial services, and the other matters mentioned in Item 1A of the Company’s Annual Report on Form 10-K for the year ended June 30, 2024 and in the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2024, for the period ended December 31, 2024, and for the period ended March 31, 2025. Except as required by applicable law or regulation, the Company does not undertake the responsibility, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events. About Kentucky First Federal Bancorp Kentucky First Federal Bancorp is the parent company of First Federal Savings and Loan Association of Hazard, which operates one banking office in Hazard, Kentucky, and First Federal Savings Bank of Kentucky, which operates three banking offices in Frankfort, Kentucky, two banking offices in Danville, Kentucky and one banking office in Lancaster, Kentucky. Kentucky First Federal Bancorp shares are traded on the Nasdaq National Market under the symbol KFFB. At June 30, 2025, the Company had approximately 8,086,715 shares outstanding of which approximately 58.5% was held by First Federal MHC.