Buy Or Sell Opportunity • May 21
Now 21% undervalued Over the last 90 days, the stock has risen 1.4% to US$19.02. The fair value is estimated to be US$24.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.3%. Reported Earnings • May 05
Third quarter 2026 earnings released: EPS: US$0.49 (vs US$0.24 in 3Q 2025) Third quarter 2026 results: EPS: US$0.49 (up from US$0.24 in 3Q 2025). Revenue: US$5.76m (up 11% from 3Q 2025). Net income: US$1.47m (up 97% from 3Q 2025). Profit margin: 26% (up from 14% in 3Q 2025). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Declared Dividend • Apr 20
Second quarter dividend of US$0.14 announced Shareholders will receive a dividend of US$0.14. Ex-date: 27th April 2026 Payment date: 11th May 2026 Dividend yield will be 2.8%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 4.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 17
Home Federal Bancorp, Inc. of Louisiana Declares Quarterly Cash Dividend, Payable on May 11, 2026 Home Federal Bancorp, Inc. of Louisiana announced that its Board of Directors at their meeting on April 15, 2026, declared a quarterly cash dividend of $0.135 per share on the Company’s common stock. The dividend is payable on May 11, 2026, to the shareholders of record at the close of business on April 27, 2026. Reported Earnings • Jan 29
Second quarter 2026 earnings released: EPS: US$0.55 (vs US$0.33 in 2Q 2025) Second quarter 2026 results: EPS: US$0.55 (up from US$0.33 in 2Q 2025). Revenue: US$5.91m (up 17% from 2Q 2025). Net income: US$1.68m (up 64% from 2Q 2025). Profit margin: 28% (up from 20% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Declared Dividend • Jan 25
First quarter dividend of US$0.14 announced Shareholders will receive a dividend of US$0.14. Ex-date: 2nd February 2026 Payment date: 16th February 2026 Dividend yield will be 3.0%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 5.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 22
Home Federal Bancorp, Inc. of Louisiana Declares Quarterly Cash Dividend, Payable on February 16, 2026 Home Federal Bancorp, Inc. of Louisiana announced that its Board of Directors at their meeting on January 21, 2026, declared a quarterly cash dividend of $0.135 per share on the Company’s common stock. The dividend is payable on February 16, 2026, to the shareholders of record at the close of business on February 2, 2026. Recent Insider Transactions Derivative • Jan 07
Independent Director exercised options to buy US$106k worth of stock. On the 6th of January, Timothy Wilhite exercised options to buy 6k shares at a strike price of around US$11.86, costing a total of US$71k. This transaction amounted to 14% of their direct individual holding at the time of the trade. Since September 2025, Timothy's direct individual holding has increased from 37.10k shares to 42.90k. Company insiders have collectively bought US$121k more than they sold, via options and on-market transactions, in the last 12 months. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$18.01, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 12x in the Banks industry in the US. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to US$16.95, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 11x in the Banks industry in the US. Total returns to shareholders of 7.1% over the past three years. Reported Earnings • Oct 26
First quarter 2026 earnings released: EPS: US$0.53 (vs US$0.31 in 1Q 2025) First quarter 2026 results: EPS: US$0.53 (up from US$0.31 in 1Q 2025). Revenue: US$5.87m (up 19% from 1Q 2025). Net income: US$1.60m (up 70% from 1Q 2025). Profit margin: 27% (up from 19% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Declared Dividend • Oct 20
Fourth quarter dividend of US$0.14 announced Shareholders will receive a dividend of US$0.14. Ex-date: 27th October 2025 Payment date: 10th November 2025 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 2.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Oct 16
Home Federal Bancorp, Inc. of Louisiana Declares Quarterly Cash Dividend, Payable on November 10, 2025 Home Federal Bancorp, Inc. of Louisiana announced that its Board of Directors at their meeting on October 15, 2025, declared a quarterly cash dividend of $0.135 per share on the Company’s common stock. The dividend is payable on November 10, 2025, to the shareholders of record at the close of business on October 27, 2025. Announcement • Oct 13
Home Federal Bancorp, Inc. of Louisiana, Annual General Meeting, Nov 19, 2025 Home Federal Bancorp, Inc. of Louisiana, Annual General Meeting, Nov 19, 2025. Location: 624 market street, shreveport, louisiana, United States Recent Insider Transactions • Sep 18
Independent Director recently sold US$111k worth of stock On the 17th of September, Thomas Trawick sold around 8k shares on-market at roughly US$13.50 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Jul 30
Full year 2025 earnings released: EPS: US$1.27 (vs US$1.18 in FY 2024) Full year 2025 results: EPS: US$1.27 (up from US$1.18 in FY 2024). Revenue: US$20.8m (up 1.5% from FY 2024). Net income: US$3.89m (up 8.2% from FY 2024). Profit margin: 19% (up from 18% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 13% per year. Declared Dividend • Jul 27
Third quarter dividend increased to US$0.14 Dividend of US$0.14 is 3.8% higher than last year. Ex-date: 4th August 2025 Payment date: 18th August 2025 Dividend yield will be 4.0%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Jul 24
Home Federal Bancorp, Inc. of Louisiana Increases Quarterly Cash Dividend, Payable on August 18, 2025 Home Federal Bancorp, Inc. of Louisiana announced that its Board of Directors at their meeting on July 23, 2025, declared a quarterly cash dividend of $0.135 per share on the Company’s common stock. The dividend is payable on August 18, 2025, to the shareholders of record at the close of business on August 4, 2025. Reported Earnings • May 04
Third quarter 2025 earnings released: EPS: US$0.24 (vs US$0.24 in 3Q 2024) Third quarter 2025 results: EPS: US$0.24 (in line with 3Q 2024). Revenue: US$5.21m (up 6.3% from 3Q 2024). Net income: US$748.0k (up 2.2% from 3Q 2024). Profit margin: 14% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year. Declared Dividend • Apr 20
Second quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 28th April 2025 Payment date: 12th May 2025 Dividend yield will be 3.9%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 48% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.9% EPS decline seen over the last 5 years. Announcement • Apr 17
Home Federal Bancorp, Inc. of Louisiana Declares Quarterly Cash Dividend, Payable on May 12, 2025 Home Federal Bancorp, Inc. of Louisiana announced that its Board of Directors at their meeting on April 16, 2025, declared a quarterly cash dividend of $0.13 per share on the Company’s common stock. The dividend is payable on May 12, 2025, to the shareholders of record at the close of business on April 28, 2025. Reported Earnings • Feb 01
Second quarter 2025 earnings released: EPS: US$0.33 (vs US$0.33 in 2Q 2024) Second quarter 2025 results: EPS: US$0.33 (in line with 2Q 2024). Revenue: US$5.04m (flat on 2Q 2024). Net income: US$1.02m (up 1.7% from 2Q 2024). Profit margin: 20% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 14% per year. Declared Dividend • Jan 19
First quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 27th January 2025 Payment date: 10th February 2025 Dividend yield will be 4.0%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 48% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.4% EPS decline seen over the last 5 years. New Risk • Nov 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 98% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$74.2m market cap). Declared Dividend • Oct 20
Fourth quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 28th October 2024 Payment date: 11th November 2024 Dividend yield will be 4.0%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 53% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.4% EPS decline seen over the last 5 years. Announcement • Oct 14
Home Federal Bancorp, Inc. of Louisiana, Annual General Meeting, Nov 20, 2024 Home Federal Bancorp, Inc. of Louisiana, Annual General Meeting, Nov 20, 2024. Location: home federal bank, 624 market street, shreveport, louisiana, United States Reported Earnings • Oct 02
Full year 2024 earnings released: EPS: US$1.18 (vs US$1.89 in FY 2023) Full year 2024 results: EPS: US$1.18 (down from US$1.89 in FY 2023). Revenue: US$20.5m (down 10.0% from FY 2023). Net income: US$3.59m (down 37% from FY 2023). Profit margin: 18% (down from 25% in FY 2023). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 3.08% (down from 3.73% in FY 2023). Cost-to-income ratio: 80.0% (up from 67.7% in FY 2023). Non-performing loans: 0.32% (up from 0.25% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$13.73, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 11x in the Banks industry in the US. Total loss to shareholders of 17% over the past three years. Declared Dividend • Jul 28
Fourth quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 5th August 2024 Payment date: 19th August 2024 Dividend yield will be 4.2%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 60% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.4% EPS decline seen over the last 5 years. Recent Insider Transactions Derivative • May 16
Senior VP & CFO notifies of intention to sell stock Glen Brown intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 13th of May. If the sale is conducted around the recent share price of US$11.60, it would amount to US$81k. Since December 2023, Glen has owned 17.71k shares directly. Company insiders have collectively bought US$124k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Apr 28
Third quarter 2024 earnings released: EPS: US$0.24 (vs US$0.35 in 3Q 2023) Third quarter 2024 results: EPS: US$0.24 (down from US$0.35 in 3Q 2023). Revenue: US$4.90m (down 16% from 3Q 2023). Net income: US$732.0k (down 31% from 3Q 2023). Profit margin: 15% (down from 18% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 22
Second quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 26th April 2024 Payment date: 13th May 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 3.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Apr 11
Independent Director recently sold US$122k worth of stock On the 9th of April, Timothy Wilhite sold around 10k shares on-market at roughly US$12.20 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$107k more than they bought in the last 12 months. Reported Earnings • Jan 26
Second quarter 2024 earnings released: EPS: US$0.33 (vs US$0.57 in 2Q 2023) Second quarter 2024 results: EPS: US$0.33 (down from US$0.57 in 2Q 2023). Revenue: US$5.06m (down 12% from 2Q 2023). Net income: US$1.00m (down 41% from 2Q 2023). Profit margin: 20% (down from 30% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Dec 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Independent Director Thomas Trawick was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 05
Home Federal Bancorp, Inc. of Louisiana, Annual General Meeting, Nov 15, 2023 Home Federal Bancorp, Inc. of Louisiana, Annual General Meeting, Nov 15, 2023, at 10:00 Central Standard Time. Location: Home Federal Bancorp, Inc. of Louisiana 624 Market Street Shreveport Louisiana United States Agenda: To elect two directors for a three-year term expiring in 2026 and until their successors are elected and qualified; and to ratify the appointment of FORVIS, LLP as independent registered public accounting firm for the fiscal year ending June 30, 2024. Announcement • Oct 01
Home Federal Bancorp, Inc. of Louisiana announced delayed annual 10-K filing On 09/29/2023, Home Federal Bancorp, Inc. of Louisiana announced that they will be unable to file their next 10-K by the deadline required by the SEC. New Risk • Aug 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Significant insider selling over the past 3 months (US$101k sold). Market cap is less than US$100m (US$43.7m market cap). Board Change • Aug 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Independent Director Thomas Trawick was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 16
Home Federal Bancorp, Inc. of Louisiana announced delayed 10-Q filing On 05/15/2023, Home Federal Bancorp, Inc. of Louisiana announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • May 01
Third quarter 2023 earnings released: EPS: US$0.35 (vs US$0.39 in 3Q 2022) Third quarter 2023 results: EPS: US$0.35 (down from US$0.39 in 3Q 2022). Revenue: US$5.83m (up 14% from 3Q 2022). Net income: US$1.06m (down 17% from 3Q 2022). Profit margin: 18% (down from 25% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 17% per year. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$18.65, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 8x in the Banks industry in the US. Total returns to shareholders of 73% over the past three years. Buying Opportunity • Feb 24
Now 20% undervalued Over the last 90 days, the stock is up 3.1%. The fair value is estimated to be US$23.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 13%. Announcement • Feb 01
Home Federal Bancorp, Inc. of Louisiana (NasdaqCM:HFBL) completed the acquisition of Northwest Bancshares Corporation (NWB) for $10.2 million. Home Federal Bancorp, Inc. of Louisiana (NasdaqCM:HFBL) signed of a definitive agreement and plan of merger to acquire Northwest Bancshares Corporation (NWB) for $10.1 million on October 4, 2022. Under the terms of the Merger Agreement, First National will be merged with and into Home Federal Bank promptly following completion of the holding company merger. Northwest Bancshares shall pay a termination fee to Home Federal Bancorp in the amount of $400,000. The transaction is subject to customary closing conditions, including regulatory approvals and Northwest Bancshares’ shareholder approval. The transaction is unanimously approved by the Boards of Directors of Home Federal Bancorp and Northwest. The transaction is expected to close in the first quarter of 2023. Home Federal Bancorp anticipates the transaction will be over 20% accretive to earnings per share after cost savings are fully realized, and accretive to tangible book value per share in approximately three years of closing. Following the merger, Home Federal Bank’s capital position is expected to remain strong with leverage and total risk-based capital ratios of approximately 8.2% and 14.2%, respectively. Raymond James & Associates, Inc. acted as financial advisor to Home Federal Bancorp and Eric M. Marion of Silver, Freedman, Taff & Tiernan LLP acted as its legal advisor in the transaction. Hillworth Bank Partners rendered a fairness opinion to Home Federal Bancorp. SEACAP Financial, LLC, acted as financial advisor to Northwest Bancshares and Bob D. Tucker of Butler Snow LLP acted as its legal advisor in the transaction.
Home Federal Bancorp, Inc. of Louisiana (NasdaqCM:HFBL) completed the acquisition of Northwest Bancshares Corporation (NWB) for $10.2 million on February 1, 2023. Under the terms of the Merger Agreement, shareholders of NWB will receive $128.16 in cash for each share of NWB common stock they hold. As of the effective time of the Merger, and in accordance with the terms of the Merger Agreement, John A. Batson, President and Chief Executive Officer of First National Bank of Benton, wholly-owned subsidiary of Northwest Bancshares Corporation was named Senior Vice President and Benton Market Manager of Home Federal Bank. Reported Earnings • Jan 27
Second quarter 2023 earnings released: EPS: US$0.57 (vs US$0.36 in 2Q 2022) Second quarter 2023 results: EPS: US$0.57 (up from US$0.36 in 2Q 2022). Revenue: US$5.71m (up 11% from 2Q 2022). Net income: US$1.71m (up 46% from 2Q 2022). Profit margin: 30% (up from 23% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buying Opportunity • Jan 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 9.0%. The fair value is estimated to be US$22.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 11%. Announcement • Jan 19
Home Federal Bancorp, Inc. of Louisiana Declares Quarterly Cash Dividend, Payable on February 13, 2023 Home Federal Bancorp, Inc. of Louisiana announced that its Board of Directors at their meeting on January 18, 2023, declared a quarterly cash dividend of $0.12 per share on the Company’s common stock. The dividend is payable on February 13, 2023, to the shareholders of record at the close of business on January 30, 2023. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Independent Director Thomas Trawick was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
First quarter 2023 earnings released: EPS: US$0.55 (vs US$0.42 in 1Q 2022) First quarter 2023 results: EPS: US$0.55 (up from US$0.42 in 1Q 2022). Revenue: US$5.43m (up 3.7% from 1Q 2022). Net income: US$1.67m (up 24% from 1Q 2022). Profit margin: 31% (up from 26% in 1Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Oct 20
Home Federal Bancorp, Inc. of Louisiana Declares Quarterly Cash Dividend, Payable on November 14, 2022 Home Federal Bancorp, Inc. of Louisiana announced that its Board of Directors at their meeting on October 19, 2022, declared a quarterly cash dividend of $0.12 per share on the Company’s common stock. The dividend is payable on November 14, 2022, to the shareholders of record at the close of business on October 31, 2022. Announcement • Oct 06
Home Federal Bancorp, Inc. of Louisiana, Annual General Meeting, Nov 16, 2022 Home Federal Bancorp, Inc. of Louisiana, Annual General Meeting, Nov 16, 2022, at 10:00 Central Standard Time. Location: 624 Market Street Shreveport Louisiana United States Agenda: To elect two directors for a three-year term expiring in 2025 and until successors are elected and qualified; to consider and adopt a non-binding resolution to approve the compensation of named executive officers; and to consider and ratify the appointment of FORVIS, LLP as independent registered public accounting firm for the fiscal year ending June 30, 2023. Announcement • Oct 05
Home Federal Bancorp, Inc. of Louisiana (NasdaqCM:HFBL) signed of a definitive agreement and plan of merger to acquire Northwest Bancshares Corporation for $10.1 million. Home Federal Bancorp, Inc. of Louisiana (NasdaqCM:HFBL) signed of a definitive agreement and plan of merger to acquire Northwest Bancshares Corporation for $10.1 million on October 4, 2022. Under the terms of the Merger Agreement, First National will be merged with and into Home Federal Bank promptly following completion of the holding company merger. Northwest Bancshares shall pay a termination fee to Home Federal Bancorp in the amount of $400,000. The transaction is subject to customary closing conditions, including regulatory approvals and Northwest Bancshares’ shareholder approval. The transaction is unanimously approved by the Boards of Directors of Home Federal Bancorp and Northwest. The transaction is expected to close in the first quarter of 2023. Home Federal Bancorp anticipates the transaction will be over 20% accretive to earnings per share after cost savings are fully realized, and accretive to tangible book value per share in approximately three years of closing. Following the merger, Home Federal Bank’s capital position is expected to remain strong with leverage and total risk-based capital ratios of approximately 8.2% and 14.2%, respectively. Raymond James & Associates, Inc. acted as financial advisor to Home Federal Bancorp and Eric M. Marion of Silver, Freedman, Taff & Tiernan LLP acted as its legal advisor in the transaction. Hillworth Bank Partners rendered a fairness opinion to Home Federal Bancorp. SEACAP Financial, LLC, acted as financial advisor to Northwest Bancshares and Bob D. Tucker of Butler Snow LLP acted as its legal advisor in the transaction. Reported Earnings • Jul 29
Full year 2022 earnings released: EPS: US$1.50 (vs US$1.66 in FY 2021) Full year 2022 results: EPS: US$1.50 (down from US$1.66 in FY 2021). Revenue: US$20.5m (flat on FY 2021). Net income: US$4.87m (down 9.2% from FY 2021). Profit margin: 24% (down from 26% in FY 2021). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year. Announcement • Jul 22
Home Federal Bancorp, Inc. of Louisiana Declares Quarterly Cash Dividend, Payable on August 15, 2022 Home Federal Bancorp, Inc. of Louisiana announced that its Board of Directors at their meeting on July 21, 2022, declared a quarterly cash dividend of $0.12 per share on the Company’s common stock. The dividend is payable on August 15, 2022, to the shareholders of record at the close of business on August 1, 2022. Reported Earnings • May 01
Third quarter 2022 earnings released: EPS: US$0.39 (vs US$0.44 in 3Q 2021) Third quarter 2022 results: EPS: US$0.39 (down from US$0.44 in 3Q 2021). Revenue: US$5.10m (down 1.9% from 3Q 2021). Net income: US$1.28m (down 9.9% from 3Q 2021). Profit margin: 25% (down from 27% in 3Q 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Independent Director Thomas Trawick was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 21
Home Federal Bancorp, Inc. of Louisiana Declares Quarterly Cash Dividend Payable on May 16, 2022 Home Federal Bancorp, Inc. of Louisiana announced that its Board of Directors at their meeting on April 20, 2022, declared a quarterly cash dividend of $0.10 per share on the Company’s common stock. The dividend is payable on May 16, 2022, to the shareholders of record at the close of business on May 2, 2022. Reported Earnings • Jan 30
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: US$0.36 (down from US$0.43 in 2Q 2021). Revenue: US$5.16m (down 4.1% from 2Q 2021). Net income: US$1.18m (down 16% from 2Q 2021). Profit margin: 23% (down from 26% in 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year. Board Change • Jan 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Independent Director Thomas Trawick was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Independent Director Thomas Trawick was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 03
Full year 2021 earnings released: EPS US$1.66 (vs US$1.15 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$20.6m (up 20% from FY 2020). Net income: US$5.37m (up 39% from FY 2020). Profit margin: 26% (up from 22% in FY 2020). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.31% (down from 3.46% in FY 2020). Cost-to-income ratio: 61.5% (down from 64.9% in FY 2020). Non-performing loans: 0.30% (down from 1.71% in FY 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 31
Full year 2021 earnings released: EPS US$1.66 (vs US$1.15 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$20.6m (up 20% from FY 2020). Net income: US$5.37m (up 39% from FY 2020). Profit margin: 26% (up from 22% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Home Federal Bancorp, Inc. of Louisiana(NasdaqCM:HFBL) dropped from Russell Microcap Growth Index Home Federal Bancorp, Inc. of Louisiana(NasdaqCM:HFBL) dropped from Russell Microcap Growth Index Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 22% share price gain to US$20.20, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 13x in the Mortgage industry in the US. Total returns to shareholders of 35% over the past three years. Is New 90 Day High Low • Feb 13
New 90-day high: US$31.00 The company is up 23% from its price of US$25.21 on 13 November 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is up 4.0% over the same period. Reported Earnings • Jan 31
Second quarter 2021 earnings released: EPS US$0.87 (vs US$0.35 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$5.38m (up 44% from 2Q 2020). Net income: US$1.40m (up 139% from 2Q 2020). Profit margin: 26% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 27
New 90-day high: US$30.91 The company is up 27% from its price of US$24.40 on 28 October 2020. The American market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is up 17% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: US$30.00 The company is up 33% from its price of US$22.62 on 06 October 2020. The American market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is up 3.0% over the same period. Recent Insider Transactions Derivative • Jan 02
Insider exercised options to buy US$103k worth of stock. On the 30th of December, K. Sawrie exercised options to buy 3.56k shares at a strike price of around US$14.70, costing a total of US$52k. This transaction amounted to 11% of their direct individual holding at the time of the trade. Since March 2020, Sawrie's direct individual holding has increased from 29.52k shares to 33.14k. Company insiders have collectively bought US$167k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Sep 30
Home Federal Bancorp, Inc. of Louisiana announced delayed annual 10-K filing On 09/29/2020, Home Federal Bancorp, Inc. of Louisiana announced that they will be unable to file their next 10-K by the deadline required by the SEC. 
