olivLaw · US equity research
Home Federal Bancorp, Inc. of Louisiana HFBL
Savings Institution, Federally Chartered · SIC 6035 · Vertical: Savings Institution, Federally Chartered (SIC 6035)
Home Federal Bancorp is the holding company of Home Federal Bank, a federally chartered savings bank in northwest Louisiana that gathers deposits and mainly makes residential and commercial mortgage loans. Fiscal 2026 was the company's most profitable year on record, with higher net income and a better net interest margin, which draws attention to how the bank can sustain growth in a relatively concentrated regional market.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Home Federal Bancorp, Inc. of Louisiana (HFBL) stock was 22.35 USD (−1.15% on the day), with market capitalisation 67.7 m USD, P/E 11.1 on diluted EPS of 2.02 USD over the last 12 months, dividend yield 2.46%, beta 0.15, 52-week range 15.17–26.83 USD. Latest reported quarter (Q4 2026): net income of 1.4 m USD (+21.0% YoY).
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 43.5
- weak (30–45)
- Bollinger (20, 2)
- 20.49 – 25.85
- in the lower half of the band · %B 0.35 · band width 23.1%
- SMA 50 / 200
- 24.33 / 20.50
- mixed trend
- MACD (12, 26, 9)
- -0.58 / -0.59
- 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 | −7.5% | −1.1% | −6.4 pp | — |
| 3 months | −4.1% | −0.5% | −3.6 pp | — |
| 6 months | +12.0% | +4.4% | +7.6 pp | — |
| Year to date | +24.2% | +12.3% | +11.9 pp | — |
| 1 year | +40.6% | +13.5% | +27.0 pp | +23.2% |
| 3 years | +83.6% | +76.4% | +7.2 pp | +63.0% |
| 5 years | +14.6% | +63.7% | −49.1 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q4 2026 · 30 Jun 2026
Quarterly statements · USD
| Fiscal year | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|
| Pre-tax income | 939.0 k | 1.2 m | 955.0 k | 1.6 m | 2.0 m | 2.1 m | 1.8 m | 1.9 m |
| Income tax | -2.0 k | 187.0 k | 207.0 k | 374.0 k | 418.0 k | 438.0 k | 318.0 k | 437.0 k |
| Net income | 941.0 k | 1.0 m | 748.0 k | 1.2 m | 1.6 m | 1.7 m | 1.5 m | 1.4 m |
| Diluted EPS | 0.31 | 0.33 | 0.24 | — | 0.52 | 0.54 | 0.48 | — |
| Operating cash flow | 871.0 k | 2.6 m ≈ | 991.0 k ≈ | 1.0 m | 2.8 m | 2.9 m ≈ | -1.3 m ≈ | 3.3 m |
| Dividends paid | 409.0 k | 407.0 k ≈ | 407.0 k ≈ | 406.0 k | 415.0 k | 418.0 k ≈ | 417.0 k ≈ | 413.0 k |
| Share repurchases | 182.0 k | 152.0 k ≈ | 182.0 k ≈ | 557.0 k | 279.0 k | 2.0 m ≈ | 623.0 k ≈ | 440.0 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 70 percentile of its own 10-quarter history (min 6.7, median 10.1, max 13.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 975.0 k | 1.0 m | 991.0 k | 1.1 m | 1.5 m | 1.1 m | 1.3 m | 1.7 m |
| Revenue YoY | unavailable | +4.6% | −2.8% | +15.7% | +28.8% | −24.9% | +17.5% | +30.0% |
| Net income | 4.7 m | 3.9 m | 5.4 m | 4.9 m | 5.7 m | 3.6 m | 3.9 m | 6.2 m |
| Net income YoY | +32.9% | −18.8% | +39.4% | −9.2% | +17.1% | −37.0% | +8.2% | +58.8% |
| Diluted EPS | 2.50 | 1.07 | 1.57 | 1.41 | 1.81 | 1.17 | 1.26 | 2.02 |
| Diluted EPS YoY | +33.7% | −57.2% | +46.7% | −10.2% | +28.4% | −35.4% | +7.7% | +60.3% |
| net % | 486.5% | 377.5% | 541.4% | 424.8% | 386.2% | 324.0% | 298.4% | 364.5% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 30 Jun 2026
- Cash
- 34.3 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 58.8 m USD
- Total assets
- 643.3 m USD
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- 10.8%
- ROA
- 1.0%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Net interest income | 16.9 m | 17.4 m | 21.6 m | 19.0 m | 18.7 m | 21.8 m | SEC (XBRL)· 25 Sept 2026verified |
| Net fee income | 5.5 m | 3.5 m | 2.1 m | 1.6 m | 2.0 m | 2.7 m | SEC (XBRL)· 25 Sept 2026verified |
| Non-interest expense | 13.8 m | 14.5 m | 16.0 m | 16.4 m | 16.1 m | 16.1 m | SEC (XBRL)· 25 Sept 2026verified |
| Pre-tax income | 6.8 m | 6.0 m | 6.8 m | 4.1 m | 4.7 m | 7.8 m | SEC (XBRL)· 25 Sept 2026verified |
| Net income | 5.4 m | 4.9 m | 5.7 m | 3.6 m | 3.9 m | 6.2 m | SEC (XBRL)· 25 Sept 2026verified |
| Diluted EPS | 1.57 | 1.41 | 1.81 | 1.17 | 1.26 | 2.02 | SEC (XBRL)· 25 Sept 2026verified |
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 104.4 m | 64.1 m | 24.8 m | 34.9 m | 17.3 m | 34.3 m | SEC (XBRL)· 25 Sept 2026verified |
| Loans | 336.4 m | 387.9 m | 489.5 m | 470.9 m | 461.0 m | 475.5 m | SEC (XBRL)· 25 Sept 2026verified |
| Total assets | 565.7 m | 590.5 m | 660.9 m | 637.5 m | 609.5 m | 643.3 m | SEC (XBRL)· 25 Sept 2026verified |
| Deposits | 506.6 m | 532.0 m | 597.4 m | 574.0 m | 546.3 m | 577.3 m | SEC (XBRL)· 25 Sept 2026verified |
| Total liabilities | 513.0 m | 538.1 m | 610.4 m | 584.7 m | 554.3 m | 584.6 m | SEC (XBRL)· 25 Sept 2026verified |
| Equity | 52.7 m † | 52.3 m † | 50.5 m † | 52.8 m † | 55.2 m † | 58.8 m † | SEC (XBRL)· 25 Sept 2026verified |
† 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 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Dividends paid | 1.1 m | 1.4 m | 1.5 m | 1.6 m | 1.6 m | 1.7 m | SEC (XBRL)· 25 Sept 2026verified |
| Share repurchases | 2.6 m | 4.5 m | 6.0 m | 487.0 k | 1.1 m | 3.3 m | SEC (XBRL)· 25 Sept 2026verified |
Computed indicators
Growth
Profitability
Returns
Market and valuation
Banking
32 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 48 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 67.7 m USD
Key indicators
Coverage and freshness
Score by group
- Valuation62
- Returns45
- Quality46
- Balance sheet44
- Growth38
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: 19.62 – 27.86 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- Residual income19.62 – 20.55 (Mid 20.08)
- Justified P/B20.72 – 27.86 (Mid 23.77)
- Dividend discount (DDM)unavailable · input data missing
- Peers: P/E22.13 – 27.03 (Mid 25.08)10 companies used · median multiple 12.4x · quartiles 11.0x – 13.4xAX, BKU, CFFN, EBC, FCAP, HTB, KRNY, NRIM, PFS, WNEB
- Peers: P/B19.67 – 26.66 (Mid 21.47)12 companies used · median multiple 1.1x · quartiles 1.0x – 1.4xAX, BKU, CFFN, EBC, FCAP, FDSB, HTB, KFFB, 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
Neutral profile · Score 48/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROE · Quality | 10.8% | 64 (vs peers) | 19% |
| ROA · Quality | 1.0% | 42 (on a fixed band) | 7% |
| Cost-to-income · Quality | 65.7% | 0 (on a fixed band) | 12% |
| Net interest margin · Quality | 3.5% | 79 (on a fixed band) | 7% |
| EPS CAGR 3Y · Growth | 3.7% | 31 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | 4.7% | 47 (on a fixed band) | 7% |
| NPL ratio · Balance sheet | unavailable | unavailable | — |
| Cost of risk · Balance sheet | unavailable | unavailable | — |
| Loan-to-deposit · Balance sheet | 82.4% | 44 (on a fixed band) | 5% |
| P/B · Valuation | 1.2x | 46 (vs peers) | 12% |
| P/E (TTM) · Valuation | 11.1x | 77 (vs peers) | 12% |
| Dividend yield · Returns | 2.5% | 45 (vs peers) | 10% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial44/100 · 1/3 factors with a value
- Growth38/100 · 2/2 factors with a value
- Quality46/100 · 4/4 factors with a value
- Returns45/100 · 1/1 factors with a value
- Valuation62/100 · 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
Home Federal Bancorp, Inc. of Louisiana (HFBL). Latest full fiscal year: 2026; data up to 2026-06-30.
Figures computed from the financial statements: net interest income 21.8 m USD in 2026; YoY growth 30.0%; net margin 364.5%; ROE 10.8%.
The estimated value range is 20.20–26.84 USD per share (median of 4 methods, agreement: high); assumptions are illustrative. Against the central value of 22.62 USD, the price of 22.35 USD leaves a potential of 1.2% (value / price − 1) and a margin of safety of 1.2% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 48/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net interest margin: 3.5%
- P/E (TTM): 11.1x
What contradicts it
- Cost-to-income: 65.7%
Not assessed (insufficient data or a ratio without meaning): NPL ratio, Cost of risk.
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% | +41% / +84% |
| KFFBKentucky First Federal Bancorp | 44.4 m | 32.0 | 2.9% | — | −11.8% | +31% / +18% |
| BYFCBroadway Financial Corporation | — | — | -7.6% | -11,027.1% | +18.7% | +86% / +54% |
1- and 3-year price returns: for HFBL 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
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 13.35 Total return -40% · Per year -40% | 23.59 Total return 6% · Per year 6% | 35.54 Total return 59% · Per year 59% |
| 3 years | 13.00 Total return -42% · Per year -17% | 25.85 Total return 16% · Per year 5% | 42.75 Total return 91% · Per year 24% |
| 5 years | 12.66 Total return -43% · Per year -11% | 28.33 Total return 27% · Per year 5% | 51.42 Total return 130% · Per year 18% |
- Exit P/E± 6.46
- Net margin± 4.52
- Annual revenue growth± 3.71
- Annual dilution± 0.38
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 25 Sept 2026; since then the company filed 8-K (27 Oct 2026 · results).
In brief
Home Federal Bancorp is the holding company of Home Federal Bank, a federally chartered savings bank in northwest Louisiana that gathers deposits and mainly makes residential and commercial mortgage loans. Fiscal 2026 was the company's most profitable year on record, with higher net income and a better net interest margin, which draws attention to how the bank can sustain growth in a relatively concentrated regional market.
SWOT
Strengths
- A record year of profitability in fiscal 2026 after several years of improvement.
- A solid local deposit base and close relationships with customers across its three parishes.
- Capital levels that remain above regulatory requirements, providing a margin of safety.
Weaknesses
- Geographic concentration of activity makes the bank sensitive to the northwest Louisiana economy.
- Relatively small scale compared with the large institutions competing in the same area.
- Operating efficiency still depends on a limited branch network and fixed costs.
Opportunities
- Expanding commercial lending, which could improve portfolio yield.
- Growing the deposit base with new products aimed at different types of customers.
- Possible acquisitions of institutions in contiguous areas if conditions are favorable.
Threats
- Abrupt changes in interest rates that could reduce the net interest margin.
- A weaker local economy, especially in energy and services, could affect loan quality.
- Intense competition from large banks and mortgage banking companies.
Risks
- Credit riskmedium
Growth in the commercial portfolio and higher provisions may point to pressure on loan quality. If problems widen, losses could increase.
- Interest rate riskmedium
The sensitivity of earnings to rate movements could affect the margin and the value of securities.
- Geographic concentrationmedium
Activity is concentrated in one market area, exposing the bank to local economic developments.
- Foreclosed real estate valuationlow
Valuation adjustments on one large commercial property affected fiscal 2026 expenses. Further adjustments could arise if the market shifts.
- Market competitionlow
Intense competition for deposits and loans could pressure rates and margins.
Investment thesis
What would need to be true (bull case)
- If the net interest margin holds near its recent level, profitability could keep improving.
- Growth in deposits and commercial lending could diversify the sources of income.
- Solid capital gives flexibility for growth or for acquisitions in neighboring areas.
What would break the thesis
- If interest rates move sharply, the margin could fall quickly and profit could be hit.
- Higher provisions and non-performing assets could signal broader problems in the loan book.
- Dependence on one regional economy could leave the bank vulnerable to a local slowdown.
What to watch
- Trend in net interest margin and deposit costsQ1 2027
- Quality of the commercial loan portfolio and level of non-performing assetsnext 10-K
- Growth in deposits and net loan portfolio2027
- Any acquisitions or expansion into neighboring areas2027
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 25 Sept 2026; since then the company filed 8-K (27 Oct 2026 · results).
The business
Home Federal Bank is a federally chartered savings bank originally organized in 1924, operating from its home office and ten full service branches in Caddo, Bossier and Webster Parishes, Louisiana. Its business consists mainly of attracting deposits from the public and using those funds to originate loans. The holding company, Home Federal Bancorp, has no other business activities beyond holding the bank's stock.
Segments
Loans
The net loan portfolio of 475.491 million USD represents about 73.91% of total assets. Residential mortgage and commercial real estate loans dominate the portfolio, and the company says it intends to increase commercial lending, which generally carries higher yields.
Deposits and net interest income
Deposits grew in fiscal 2026 and are the main funding source. Net interest income rose mainly because the yield on interest-earning assets increased and the cost of interest-bearing liabilities decreased.
Market context
The primary market is northwest Louisiana, particularly Caddo Parish and neighboring communities in Bossier and Webster Parishes, within the Shreveport-Bossier City-Minden statistical area. The local economy rests on services, especially health care, retail and wholesale trade, with the energy sector and casino gaming also playing a prominent role.
Competition for deposits comes from commercial banks, credit unions and other savings institutions in the region, while competition for loans comes from mortgage banking companies. The company notes that interest rate levels and mortgage market volatility could affect demand and competition.
Trends
- Rising net interest margintailwind
The net interest margin rose to 3.72% in fiscal 2026 from 3.23% a year earlier, supporting profit. If pressure on deposit costs persists, this advantage could continue.
- Emphasis on commercial lendingmixed
The company intends to grow commercial real estate and business lending, which carry higher yields than residential loans. This could improve portfolio yield but also brings higher credit risk.
- Sensitivity to interest ratesheadwind
Earnings depend on the level of interest rates and how they change. A sharp move in rates could affect the margin and the value of fixed-rate loans and securities.
- Asset qualityheadwind
Non-performing assets rose slightly and provisions for credit losses increased in fiscal 2026, reflecting portfolio growth and reserve adjustments on certain problem loans. If these trends intensify, results could be affected.
Competitive position
The company acknowledges significant competition, including from large financial institutions with greater financial and marketing resources. Competition is strong both for attracting deposits and for originating loans.
Rivals include other banks and savings institutions in the region, credit unions and mortgage banking companies. The company competes through interest rates, loan fees and the quality of its service to borrowers.
- Commercial banks in the Shreveport area
Local and regional commercial banks compete for deposits and commercial loans in the same market area.
- Credit unions
Credit unions in the region compete for retail depositors.
- Other savings institutions
Other savings institutions in the same area compete directly for deposits and residential mortgages.
- Mortgage banking companies
Mortgage banking companies are a significant competitor for residential loans.
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.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report27 Oct 2026Results of operations · Financial statements and exhibits
- Current report21 Oct 2026Regulation FD disclosure · Financial statements and exhibits
- Proxy statement09 Oct 2026
- Annual report25 Sept 2026
- Current report30 Jul 2026Results of operations · Financial statements and exhibits
- Current report16 Jul 2026Regulation FD disclosure · Financial statements and exhibits
- Current report02 Jul 2026Departure or appointment of officers · Financial statements and exhibits
- Quarterly report14 May 2026
- Current report30 Apr 2026Results of operations · Financial statements and exhibits
- Current report15 Apr 2026Regulation FD disclosure · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-06-30 · SEC / Home Federal Bancorp, Inc. of Louisiana · 25 Sept 2026
- [2] Form 8-K, results release (exhibit 99.1) · SEC / Home Federal Bancorp, Inc. of Louisiana · 30 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.