IF Bancorp Management

Management criteria checks 4/4

IF Bancorp's CEO is Chip Hasselbring, appointed in Oct 2015, has a tenure of 8.5 years. total yearly compensation is $819.71K, comprised of 51.8% salary and 48.2% bonuses, including company stock and options. directly owns 2.12% of the company’s shares, worth $1.11M. The average tenure of the management team and the board of directors is 10.9 years and 13.3 years respectively.

Key information

Chip Hasselbring

Chief executive officer

US$819.7k

Total compensation

CEO salary percentage	51.8%
CEO tenure	8.5yrs
CEO ownership	2.1%
Management average tenure	10.9yrs
Board average tenure	13.3yrs

Recent management updates

Recent updates

If You Had Bought IF Bancorp (NASDAQ:IROQ) Stock Five Years Ago, You Could Pocket A 21% Gain Today

Feb 18

Here's Why I Think IF Bancorp (NASDAQ:IROQ) Is An Interesting Stock

Jan 11

Here's What We Think About IF Bancorp's (NASDAQ:IROQ) CEO Pay

Dec 16

Is IF Bancorp, Inc. (NASDAQ:IROQ) A Smart Pick For Income Investors?

Nov 20

IF Bancorp reports FQ1 results

Oct 30

CEO Compensation Analysis

How has Chip Hasselbring's remuneration changed compared to IF Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$2m
Sep 30 2023	n/a	n/a	US$3m
Jun 30 2023	US$820k	US$425k	US$5m
Mar 31 2023	n/a	n/a	US$5m
Dec 31 2022	n/a	n/a	US$6m
Sep 30 2022	n/a	n/a	US$6m
Jun 30 2022	US$897k	US$400k	US$6m
Mar 31 2022	n/a	n/a	US$6m
Dec 31 2021	n/a	n/a	US$6m
Sep 30 2021	n/a	n/a	US$6m
Jun 30 2021	n/a	n/a	US$5m
Mar 31 2021	n/a	n/a	US$6m
Dec 31 2020	n/a	n/a	US$5m
Sep 30 2020	n/a	n/a	US$4m
Jun 30 2020	US$618k	US$356k	US$4m
Mar 31 2020	n/a	n/a	US$4m
Dec 31 2019	n/a	n/a	US$4m
Sep 30 2019	n/a	n/a	US$4m
Jun 30 2019	US$548k	US$333k	US$4m
Mar 31 2019	n/a	n/a	US$3m
Dec 31 2018	n/a	n/a	US$3m
Sep 30 2018	n/a	n/a	US$2m
Jun 30 2018	US$424k	US$308k	US$2m
Mar 31 2018	n/a	n/a	US$2m
Dec 31 2017	n/a	n/a	US$2m
Sep 30 2017	n/a	n/a	US$4m
Jun 30 2017	US$450k	US$280k	US$4m

Compensation vs Market: Chip's total compensation ($USD819.71K) is about average for companies of similar size in the US market ($USD677.87K).

Compensation vs Earnings: Chip's compensation has been consistent with company performance over the past year.

CEO

Chip Hasselbring (67 yo)

8.5yrs

Tenure

US$819,707

Compensation

Mr. Walter H. Hasselbring III, also known as Chip, has been Chief Executive Officer and President at IF Bancorp, Inc. and Iroquois Federal Savings and Loan Association (Formerly, Iroquois Federal) since Oc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Walter Hasselbring	President	8.5yrs	US$819.71k	2.12% $ 1.1m
Pamela Verkler	Senior EVP	13.3yrs	US$609.58k	1.53% $ 801.3k
Thomas Chamberlain	Senior Executive Vice President	13.8yrs	US$522.12k	2.03% $ 1.1m
Linda Hamilton	Executive VP & COO	8.5yrs	no data	0.33% $ 172.2k
Beth Warren	Corporate Secretary	no data	no data	no data

10.9yrs

Average Tenure

65yo

Average Age

Experienced Management: IROQ's management team is seasoned and experienced (10.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Walter Hasselbring	President	8.4yrs	US$819.71k	2.12% $ 1.1m
Pamela Verkler	Senior EVP	1.4yrs	US$609.58k	1.53% $ 801.3k
Joseph Cowan	Independent Director	13.3yrs	US$87.28k	0.87% $ 453.8k
Alan Martin	Independent Director	13.3yrs	US$87.28k	1.4% $ 736.0k
Gary Martin	Independent Chairman of the Board	13.1yrs	US$140.18k	1.02% $ 535.4k
Wayne Lehmann	Independent Director	13.3yrs	US$87.28k	0.68% $ 355.8k
Dennis Wittenborn	Independent Director	13.3yrs	US$97.69k	1.79% $ 937.1k
Rodney Yergler	Independent Director	13.3yrs	US$87.28k	1.07% $ 559.8k
Richard Stenzinger	Director	1.4yrs	US$87.28k	0.14% $ 73.4k

13.3yrs

Average Tenure

67yo

Average Age

Experienced Board: IROQ's board of directors are seasoned and experienced ( 13.3 years average tenure).

IF Bancorp Management

Management criteria checks 4/4

Key information

Recent management updates

IF Bancorp, Inc., Annual General Meeting, Nov 20, 2023

Senior EVP exercised options to buy US$107k worth of stock.

IF Bancorp, Inc. Approves the Election of Richard S. Stenzinger as Director

Insufficient new directors

President exercised options to buy US$155k worth of stock.

IF Bancorp, Inc., Annual General Meeting, Nov 21, 2022

Recent updates

Upcoming dividend of US$0.20 per share

First half dividend of US$0.20 announced

IF Bancorp, Inc. Announces Cash Dividend, Payable on April 15, 2024

Second quarter 2024 earnings released: EPS: US$0.058 (vs US$0.44 in 2Q 2023)

Now 20% undervalued

Investor sentiment improves as stock rises 19%

First quarter 2024 earnings released: EPS: US$0.14 (vs US$0.63 in 1Q 2023)

Upcoming dividend of US$0.20 per share at 2.8% yield

Full year 2023 earnings released: EPS: US$1.50 (vs US$1.88 in FY 2022)

IF Bancorp (NASDAQ:IROQ) Has Announced A Dividend Of $0.20

IF Bancorp (NASDAQ:IROQ) Has Announced A Dividend Of $0.20

IF Bancorp, Inc., Annual General Meeting, Nov 20, 2023

Third quarter 2023 earnings released: EPS: US$0.22 (vs US$0.38 in 3Q 2022)

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.20 per share at 2.5% yield

Senior EVP exercised options to buy US$107k worth of stock.

IF Bancorp, Inc. Declares Cash Dividend, Payable on April 14, 2023

Second quarter 2023 earnings released: EPS: US$0.44 (vs US$0.56 in 2Q 2022)

IF Bancorp, Inc. Approves the Election of Richard S. Stenzinger as Director

Insufficient new directors

First quarter 2023 earnings released: EPS: US$0.63 (vs US$0.62 in 1Q 2022)

Now 22% undervalued

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.20 per share

President exercised options to buy US$155k worth of stock.

Full year 2022 earnings released: EPS: US$1.88 (vs US$1.76 in FY 2021)

IF Bancorp GAAP EPS of $0.34, revenue of $6.69M

IF Bancorp (NASDAQ:IROQ) Is Increasing Its Dividend To $0.20

IF Bancorp, Inc., Annual General Meeting, Nov 21, 2022

IF Bancorp, Inc. Announces Cash Dividend, Payable on October 14, 2022

IF Bancorp declares $0.20 dividend

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Third quarter 2022 earnings released: EPS: US$0.38 (vs US$0.51 in 3Q 2021)

Insufficient new directors

Upcoming dividend of US$0.17 per share

IF Bancorp, Inc. Announces Cash Dividend, Payable on April 15, 2022

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment improved over the past week

Does IF Bancorp (NASDAQ:IROQ) Deserve A Spot On Your Watchlist?

Senior EVP & CLO exercised options to buy US$95k worth of stock.

First quarter 2022 earnings released: EPS US$0.62 (vs US$0.44 in 1Q 2021)

Upcoming dividend of US$0.17 per share

President exercised options to buy US$90k worth of stock.

Full year 2021 earnings released: EPS US$1.76 (vs US$1.37 in FY 2020)

IF Bancorp (NASDAQ:IROQ) Will Pay A Larger Dividend Than Last Year At US$0.17

IF Bancorp's (NASDAQ:IROQ) Dividend Will Be Increased To US$0.17

IF Bancorp, Inc.(NasdaqCM:IROQ) dropped from Russell Microcap Growth Index

What Makes IF Bancorp, Inc. (NASDAQ:IROQ) A Great Dividend Stock?

Third quarter 2021 earnings released: EPS US$0.51 (vs US$0.27 in 3Q 2020)

Here's What We Like About IF Bancorp's (NASDAQ:IROQ) Upcoming Dividend

Upcoming Dividend of US$0.15 Per Share

If You Had Bought IF Bancorp (NASDAQ:IROQ) Stock Five Years Ago, You Could Pocket A 21% Gain Today

Second quarter 2021 earnings released: EPS US$0.48 (vs US$0.32 in 2Q 2020)

Here's Why I Think IF Bancorp (NASDAQ:IROQ) Is An Interesting Stock

Here's What We Think About IF Bancorp's (NASDAQ:IROQ) CEO Pay

New 90-day high: US$21.69

Is IF Bancorp, Inc. (NASDAQ:IROQ) A Smart Pick For Income Investors?

New 90-day high: US$20.15

Market bids up stock over the past week

First quarter earnings released

IF Bancorp reports FQ1 results

New 90-day high: US$16.84

Full year earnings released - EPS US$1.37

New 90-day low - US$16.06

Full year earnings released - EPS US$1.37

CEO Compensation Analysis

CEO

Tenure