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Kentucky First Federal Bancorp (Kentucky First Federal Bancorp) Net Interest Margin (Bank Only) % : 1.98% (As of Dec. 2023)


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What is Kentucky First Federal Bancorp Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Kentucky First Federal Bancorp's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $6.63 Mil. Kentucky First Federal Bancorp's average earning assets for the quarter that ended in Dec. 2023 was $334.19 Mil. Therefore, Kentucky First Federal Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 1.98%.


Kentucky First Federal Bancorp Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Kentucky First Federal Bancorp's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kentucky First Federal Bancorp Net Interest Margin (Bank Only) % Chart

Kentucky First Federal Bancorp Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.41 3.27 3.38 3.03 2.82

Kentucky First Federal Bancorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.15 2.58 2.39 2.03 1.98

Competitive Comparison of Kentucky First Federal Bancorp's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, Kentucky First Federal Bancorp's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Kentucky First Federal Bancorp's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Kentucky First Federal Bancorp's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Kentucky First Federal Bancorp's Net Interest Margin (Bank Only) % falls into.



Kentucky First Federal Bancorp Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Kentucky First Federal Bancorp's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Jun. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Jun. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Jun. 2022 ) + Earning Assets (A: Jun. 2023 ))/ count )
=8.856/( (300.375 + 326.826)/ 2 )
=8.856/313.6005
=2.82 %

where

Earning Assets(A: Jun. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=14.824 + 274.735 + 10.816
=300.375

Earning Assets(A: Jun. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0.665 + 313.807 + 12.354
=326.826

Kentucky First Federal Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Sep. 2023 ) + Earning Assets (Q: Dec. 2023 ))/ count )
=6.628/( (330.627 + 337.754)/ 2 )
=6.628/334.1905
=1.98 %

where

Earning Assets(Q: Sep. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0.674 + 318.467 + 11.486
=330.627

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0.684 + 325.918 + 11.152
=337.754

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Dec. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Kentucky First Federal Bancorp  (NAS:KFFB) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Kentucky First Federal Bancorp Net Interest Margin (Bank Only) % Related Terms

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Kentucky First Federal Bancorp (Kentucky First Federal Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
216 West Main Street, P.O. Box 535, Frankfort, KY, USA, 40602
Kentucky First Federal Bancorp is a holding company. The company through its subsidiaries is engaged mainly in the business of accepting deposits from the general public and using such funds to originate loans secured by first mortgages on owner-occupied, residential real estate and other loans secured by real estate. Its primary products and services include Residential mortgage loans, Multi-family loans, Construction loans and types of deposits, etc. The company mainly operates in Perry, Franklin, Boyle and Garrard and surrounding counties in Kentucky, US.
Executives
Ecton Walter G Jr director 479 MAIN STREET, HAZARD KY 41702
Teresa K Hulette officer: EVP-First Federal of Frankfort P.O. BOX 535, FRANKFORT KY 40602
R Clay Hulette officer: V.P., CFO & Treasurer 216 WEST MAIN STREET, P.O. BOX 535, FRANKFORT KY 40602
C Michael Davenport director 216 WEST MAIN STREET, P.O. BOX 535, FRANKFORT KY 40602
Don D Jennings director, officer: President & COO C/O FIRST FEDERAL, P O BOX 535, FRANKFORT KY 40602
Tony D Whitaker director, 10 percent owner, officer: CEO & Chairman of the Board 479 MAIN STREET, HAZARD KY 41702
Jaime Steele Coffey officer: President & CEO--First Federal, other: President of First Federal MHC C/O KENTUCKY FIRST FEDERAL BANCORP, 655 MAIN STREET, HAZARD KY 41702
Lou Ella Farler officer: Pres. & CEO-FFS&L of Hazard P.O. BOX 535, FRANKFORT KY 40602
William H Johnson director, officer: Area Pres.-FFSB of Kentucky 340 WEST MAIN STREET, DANVILLE KY 40422
Hudson W Banks Iii director 340 WEST MAIN STREET, DANVILLE KY 40422
Gorman William D Jr director 479 MAIN STREET, HAZARD KY 41702
Federal Mhc First 10 percent owner 479 MAIN STREET, HAZARD KY 41702
William D Gorman director 479 MAIN STREET, HAZARD KY 41702
Pulliam Roy L Jr officer: Vice President & Secretary 479 MAIN STREET, HAZARD KY 41702
Regan Herman D Jr director 216 WEST MAIN STREET, P.O. BOX 535, FRANKFORT KY 40602

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