olivLaw · US equity research
Kentucky First Federal Bancorp KFFB
Savings Institution, Federally Chartered · SIC 6035 · Vertical: Savings Institution, Federally Chartered (SIC 6035)
Kentucky First Federal Bancorp is the holding company of community savings institutions in Kentucky, focused on residential mortgage lending. At June 30, 2026, total assets stood at 362.4 million USD, and net earnings over the last twelve months rose to 1.9 million USD, making the company relevant for those watching how margins respond to interest rate changes.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Kentucky First Federal Bancorp (KFFB) stock was 5.49 USD (+2.52% on the day), with market capitalisation 44.4 m USD, P/E 32.0 on diluted EPS of 0.17 USD over the last 12 months, dividend yield 0.00%, beta 0.05, 52-week range 3.77–6.34 USD. Latest reported quarter (Q3 2026): net income of 581.0 k USD (+8,200.0% YoY), diluted EPS 0.07 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 50.1
- neutral
- Bollinger (20, 2)
- 5.03 – 5.88
- in the upper half of the band · %B 0.54 · band width 15.6%
- SMA 50 / 200
- 5.64 / 4.99
- mixed trend
- MACD (12, 26, 9)
- -0.06 / -0.08
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −3.3% | −1.1% | −2.2 pp | — |
| 3 months | −1.7% | −0.5% | −1.3 pp | — |
| 6 months | +29.1% | +4.4% | +24.7 pp | — |
| Year to date | +18.0% | +12.3% | +5.6 pp | — |
| 1 year | +37.8% | +13.5% | +24.3 pp | +23.2% |
| 3 years | +26.7% | +76.4% | −49.7 pp | +71.9% |
| 5 years | −23.2% | +63.7% | −86.9 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 31 Mar 2026
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Pre-tax income | -1.1 m | -21.0 k | 6.0 k | 15.0 k | 239.0 k | 453.0 k | 401.0 k | 755.0 k |
| Income tax | -39.0 k | -6.0 k | -7.0 k | 8.0 k | 63.0 k | 109.0 k | 97.0 k | 174.0 k |
| Net income | -1.1 m | -15.0 k | 13.0 k | 7.0 k | 176.0 k | 344.0 k | 304.0 k | 581.0 k |
| Diluted EPS | -0.13 ≈ | 0.00 | 0.00 | 0.00 | 0.02 ≈ | 0.04 | 0.04 | 0.07 |
| Operating cash flow | -186.0 k | -1.4 m | 1.4 m ≈ | -155.0 k ≈ | 29.0 k | 450.0 k | -303.0 k ≈ | 886.0 k ≈ |
| Capex | 6.0 k | 2.0 k | 81.0 k ≈ | 65.0 k ≈ | 1.0 k | 5.0 k | 64.0 k ≈ | 63.0 k ≈ |
| Dividends paid | -1.0 k | — | — | — | — | — | — | — |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 10 percentile of its own 10-quarter history (min 25.1, median 46.0, max 134.5; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17.0 k | 15.0 k | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Revenue YoY | −10.5% | −11.8% | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Net income | 1.3 m | 812.0 k | -12.5 m | 1.8 m | 1.6 m | 933.0 k | -1.7 m | 181.0 k |
| Net income YoY | +41.5% | −38.6% | −1,645.2% | unavailable | −12.6% | −41.3% | −284.5% | unavailable |
| Diluted EPS | unavailable | unavailable | unavailable | 0.22 | 0.19 | 0.11 | -0.21 | 0.02 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | −13.6% | −42.1% | −290.9% | unavailable |
| net % | 7,782.4% | 5,413.3% | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Free cash flow | 998.0 k | 854.0 k | 877.0 k | 1.5 m | 2.5 m | 1.0 m | -1.5 m | -235.0 k |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 30 Jun 2025
- Cash
- 19.5 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 48.4 m USD
- Total assets
- 371.2 m USD
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- 0.4%
- ROA
- 0.0%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Net interest income | 9.2 m | 9.8 m | 9.2 m | 8.9 m | 7.0 m | 8.3 m | SEC (XBRL)· 30 Sept 2025verified |
| Net fee income | 399.0 k | 595.0 k | 515.0 k | 302.0 k | 251.0 k | 500.0 k | SEC (XBRL)· 30 Sept 2025verified |
| Non-interest expense | 21.9 m | 8.2 m | 7.7 m | 7.8 m | 9.2 m | 8.6 m | SEC (XBRL)· 30 Sept 2025verified |
| Pre-tax income | -12.3 m | 2.2 m | 2.1 m | 1.2 m | -2.0 m | 238.0 k | SEC (XBRL)· 30 Sept 2025verified |
| Net income | -12.5 m | 1.8 m | 1.6 m | 933.0 k | -1.7 m | 181.0 k | SEC (XBRL)· 30 Sept 2025verified |
| Diluted EPS | — | 0.22 | 0.19 | 0.11 | -0.21 | 0.02 | SEC (XBRL)· 30 Sept 2025verified |
| Dividend per share | 0.40 | 0.40 | 0.40 | 0.40 | 0.20 | — | SEC (XBRL)· 30 Sept 2025verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 13.7 m | 21.6 m | 25.8 m | 8.2 m | 18.3 m | 19.5 m | SEC (XBRL)· 30 Sept 2025verified |
| Loans | 285.9 m | 297.9 m | 274.6 m | 313.8 m | — | — | SEC (XBRL)· 28 Sept 2023verified |
| Total assets | 321.1 m | 338.1 m | 328.1 m | 349.0 m | 375.0 m | 371.2 m | SEC (XBRL)· 30 Sept 2025verified |
| Deposits | 212.3 m | 226.8 m | 239.9 m | 226.3 m | 256.1 m | 277.6 m | SEC (XBRL)· 30 Sept 2025verified |
| Total liabilities | 269.2 m | 285.8 m | 276.1 m | 298.3 m | 327.0 m | 322.8 m | SEC (XBRL)· 30 Sept 2025verified |
| Equity | 51.9 m | 52.3 m | 52.0 m † | 50.7 m † | 48.0 m † | 48.4 m † | SEC (XBRL)· 30 Sept 2025verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Dividends paid | 1.4 m | 1.4 m | 1.4 m | 1.4 m | 670.0 k | — | SEC (XBRL)· 03 Oct 2024verified |
| Share repurchases | — | — | — | 461.0 k | — | — | SEC (XBRL)· 03 Oct 2024verified |
Computed indicators
Growth
Profitability
Returns
Market and valuation
Banking
32 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 23 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 44.4 m USD
Key indicators
Coverage and freshness
Score by group
- Returns0
- Quality14
- Valuation50
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.29 – 8.44 USD.
Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- Residual income5.17 – 5.40 (Mid 5.28)
- Justified P/B0.29 – 0.39 (Mid 0.34)
- Dividend discount (DDM)outside the aggregate2.63 – 3.53 (Mid 3.01)a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
- Peers: P/E1.87 – 2.29 (Mid 2.11)11 companies used · median multiple 12.3x · quartiles 10.9x – 13.4xAX, BKU, CFFN, EBC, FCAP, HFBL, HTB, KRNY, NRIM, PFS, WNEB
- Peers: P/B6.53 – 8.44 (Mid 7.02)12 companies used · median multiple 1.1x · quartiles 1.1x – 1.4xAX, BKU, CFFN, EBC, FCAP, FDSB, HFBL, HTB, KRNY, NRIM, PFS, WNEB
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 23/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROE · Quality | 2.9% | 14 (vs peers) | 24% |
| ROA · Quality | 0.4% | 0 (on a fixed band) | 9% |
| Cost-to-income · Quality | 82.6% | 0 (on a fixed band) | 15% |
| Net interest margin · Quality | 2.7% | 49 (on a fixed band) | 9% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| NPL ratio · Balance sheet | unavailable | unavailable | — |
| Cost of risk · Balance sheet | unavailable | unavailable | — |
| Loan-to-deposit · Balance sheet | unavailable | unavailable | — |
| P/B · Valuation | 0.9x | 85 (vs peers) | 15% |
| P/E (TTM) · Valuation | 32.0x | 15 (vs peers) | 15% |
| Dividend yield · Returns | 0.0% | 0 (vs peers) | 12% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality14/100 · 4/4 factors with a value
- Returns0/100 · 1/1 factors with a value
- Valuation50/100 · 2/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
KENTUCKY FIRST FEDERAL BANCORP (KFFB). Latest full fiscal year: 2019; data up to 2026-03-31.
Figures computed from the financial statements: net interest income 8.3 m USD in 2025; YoY growth -11.8%; ROE 2.9%.
The estimated value range is 3.52–3.85 USD per share (median of 4 methods, agreement: low); assumptions are illustrative. Against the central value of 3.70 USD, the price of 5.49 USD leaves a potential of -32.6% (value / price − 1) and a margin of safety of -48.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 23/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance, growth. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- P/B: 0.9x
What contradicts it
- ROE: 2.9%
- ROA: 0.4%
- Cost-to-income: 82.6%
- P/E (TTM): 32.0x
- Dividend yield: 0.0%
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): EPS CAGR 3Y, Revenue CAGR 3Y, NPL ratio, Cost of risk, Loan-to-deposit.
Versus the vertical median
Savings Institution, Federally Chartered (SIC 6035) · same industry (4-digit SIC) · compared with 14 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AXAxos Financial, Inc. | 5.4 bn | 10.7 | 16.7% | 624.8% | +23.5% | +15% / +147% |
| EBCEastern Bankshares, Inc. | 5.3 bn | 13.3 | 9.4% | 257.2% | +19.1% | +24% / +95% |
| TFSLTfs Financial Corporation | 4.7 bn | 46.0 | 5.3% | — | unavailable | +17% / +26% |
| BKUBankUnited, Inc. | 3.2 bn | 12.3 | 9.2% | 1,154.5% | +7.4% | +4% / +63% |
| PFSProvident Financial Services Inc | 3.1 bn | 9.8 | 11.1% | 411.6% | +7.1% | +23% / +55% |
| CFFNCapitol Federal Financial, Inc. | 1.1 bn | 13.4 | 8.0% | 508.2% | +6.5% | +33% / +63% |
| HTBHomeTrust Bancshares, Inc. | 798.6 m | 12.5 | 11.0% | — | −1.9% | +17% / +107% |
| KRNYKearny Financial Corp. | 605.1 m | 16.4 | 4.8% | — | +36.0% | +36% / +18% |
| NRIMNorthrim Bancorp, Inc. | 545.0 m | 9.9 | 16.6% | 21.8% | +30.4% | −0% / +99% |
| WNEBWestern New England Bancorp, Inc. | 281.6 m | 16.7 | 6.9% | — | −34.3% | +15% / +79% |
| FCAPFirst Capital, Inc. | 215.3 m | 11.6 | 13.9% | 252.8% | +1.6% | +29% / +145% |
| FDSBFifth District Bancorp, Inc. | 92.5 m | 52.4 | 1.3% | 273.6% | −2.3% | +29% / unavailable |
| HFBLHome Federal Bancorp, Inc. of Louisiana | 67.7 m | 11.1 | 10.8% | 364.5% | +30.0% | +40% / +72% |
| KFFBKentucky First Federal Bancorp | 44.4 m | 32.0 | 2.9% | — | −11.8% | +38% / +27% |
| BYFCBroadway Financial Corporation | — | — | -7.6% | -11,027.1% | +18.7% | +86% / +54% |
1- and 3-year price returns: for KFFB from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 28 Sept 2026; since then the company filed 8-K (02 Nov 2026 · results).
In brief
Kentucky First Federal Bancorp is the holding company of community savings institutions in Kentucky, focused on residential mortgage lending. At June 30, 2026, total assets stood at 362.4 million USD, and net earnings over the last twelve months rose to 1.9 million USD, making the company relevant for those watching how margins respond to interest rate changes.
SWOT
Strengths
- The company has a high level of liquidity, with additional sources available at the Federal Home Loan Bank of Cincinnati 1.
- The portfolio is concentrated in mortgage loans secured by real estate, giving a familiar collateral base.
- Recent results show a rebound in net earnings and an improved interest margin 2.
Weaknesses
- Reliance on adjustable-rate mortgages exposes the company to rate swings and repayment risk.
- The eastern Kentucky market is economically weak, which limits asset growth there 1.
- Majority ownership by First Federal MHC may limit share liquidity and dividend policy.
Opportunities
- Growing core deposits could reduce reliance on costly funding and could improve the margin.
- Selling fixed-rate loans in the secondary market could free capital for higher-yielding assets 1.
- Resumed dividend payments after minority shareholder approval could attract new investors.
Risks
- Interest rate sensitivityhigh
Higher rates could temporarily reduce the interest margin, since deposit costs adjust faster than loan income 1.
- Concentration in real estate lendinghigh
Nearly the whole portfolio has real estate collateral, so falling prices could weaken recoveries after defaults 1.
- Economy of the Hazard areamedium
The Hazard economy remains weak, which could limit growth and raise credit risk 1.
- Dependence on dividend approvalsmedium
Dividend payments depend on regulatory approvals and on First Federal MHC members, which are not assured in future periods 1.
- Liquidity and deposit withdrawalsmedium
Uninsured deposits form a meaningful share of deposits, and rapid withdrawals could pressure funding 1.
Investment thesis
What would need to be true (bull case)
- Net earnings rose over the last twelve months, and the interest margin improved as loans repriced 2.
- Liquidity and borrowing capacity at the regional home loan bank give solid support in periods of stress.
- The end of the formal regulatory agreement lowered deposit insurance costs, which could support future profitability 2.
What would break the thesis
- Total assets and deposits fell in fiscal 2026, suggesting limited growth in the funding base 1.
- The adjustable-rate portfolio and real estate concentration could amplify losses if the economy weakens.
- Dependence on dividend approvals and the ownership structure could limit the company's distribution policy.
What to watch
- Trend in the interest margin and cost of depositsQ1 2027
- Level of loan loss provisions and any rise in delinquenciesnext 10-K
- Trend in brokered deposits and home loan bank borrowing line2027
- Dividend payments after the approval given by First Federal MHC members2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 28 Sept 2026; since then the company filed 8-K (02 Nov 2026 · results).
The business
The company operates through two federally chartered savings institutions, First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky, both supervised by the Office of the Comptroller of the Currency and members of the Federal Home Loan Bank of Cincinnati 1. Its core activity is attracting deposits from the general public and making mortgage loans, mainly for owner-occupied homes. At June 30, 2026, residential mortgage loans, including construction and multi-family loans, made up 82.6% of the portfolio 1. The company is majority-controlled by First Federal MHC, which held 58.5% of shares 2.
Loans are largely secured by real estate, with about 99.5% of the portfolio collateralized by property 1. Most residential mortgage loans carry adjustable rates, so interest income reacts quickly to changes in benchmark rates, but borrowers' payments can rise with them.
The company says it has tried to shift away from adjustable-rate loans on owner-occupied homes and to sell fixed-rate loans in the secondary market, to free capital and liquidity 1. The holding company's operations are largely limited to owning the banks and investing funds retained after the reorganization 1.
Segments
First Federal Savings and Loan Association of Hazard
The Hazard bank operates from a single office and serves communities in eastern Kentucky, with total assets of 81.3 million USD at June 30, 2026 1. Its market has traditionally depended on the coal industry, and the local economy has lagged Kentucky and the United States 1.
First Federal Savings Bank of Kentucky
The Frankfort bank, with branches in Danville and Lancaster, is the group's main component, with total assets of 282.6 million USD at June 30, 2026 1. It mainly originates adjustable-rate home loans, along with loans secured by churches, multi-family properties and office buildings 1.
Market context
Trends
- Adjustable-rate loans and borrower strainheadwind
Most loans carry adjustable rates, so rising rates could reduce borrowers' ability to repay and could increase delinquencies and defaults 1.
- Rising asset yieldstailwind
The average yield on interest-earning assets rose in the quarter ended June 30, 2026, reflecting new loans at higher rates and upward repricing of adjustable mortgages 2.
- Inflation and borrower costsheadwind
Inflation could keep pressure on customers' incomes and on asset prices, which would affect portfolio quality if the economy weakens 1.
- Lower deposit insurance coststailwind
The end of the formal written agreement with the Office of the Comptroller of the Currency led to lower FDIC premiums, which reduced non-interest expense in the latest quarter 2.
Competitive position
The company competes with commercial banks, savings institutions and credit unions in its market areas, and competitive pressures among financial services companies are named explicitly as a risk 1. Its advantage lies in long-standing community presence and relationships with local customers.
In the markets where it operates, larger banks and national institutions offer similar products, and competition for deposits has become tougher since the 2023 banking turmoil 1. The company appears to depend on attracting core deposits to reduce its reliance on higher-cost funding.
- Regional commercial banks in Kentucky
Regional banks in the same market areas offer similar mortgage loans and deposits, though they are not identified individually in the sources reviewed.
- Savings institutions and credit unions
Similar institutions in the Hazard, Frankfort and Danville areas compete for the same mortgage and deposit customers.
- Federal Home Loan Bank of Cincinnati
Not a direct competitor but a funding source the company uses for liquidity.
- National banks active in Kentucky
These compete through digital products and pricing, a constant pressure on local deposits.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report02 Nov 2026Results of operations · Financial statements and exhibits
- Current report02 Nov 2026Other events · Financial statements and exhibits
- Proxy statement13 Oct 2026
- Annual report28 Sept 2026
- Current report11 Aug 2026Results of operations · Financial statements and exhibits
- Current report29 Jul 2026Other events · Financial statements and exhibits
- Current report (amendment)04 Jun 2026Other events
- Current report29 May 2026Results of operations · Financial statements and exhibits
- Quarterly report15 May 2026
- Current report13 May 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-06-30 · SEC / Kentucky First Federal Bancorp · 28 Sept 2026
- [2] Form 8-K, results release (exhibit 99.1) · SEC / Kentucky First Federal Bancorp · 11 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.