HFBC HopFed Bancorp, Inc. featured news, full reports, and detailed charts
HopFed Bancorp, Inc. (HFBC) Wrap Up:
In February 1998, HopFed Bancorp, Inc. (the “Company”) issued and sold 4,033,625 shares of common stock, par value $.01 per share (the “Common Stock”), in connection with the conversion of Hopkinsville Federal Savings Bank (the “Bank”) from a federal mutual savings bank to a federal stock savings bank and the issuance of the Bank’s capital stock to the Company. The conversion of the Bank, the acquisition of all of the outstanding capital stock of the Bank by the Company and the issuance and sale of the Common Stock are collectively referred to herein as the “Conversion.” In February 2001, the Bank changed its name to Hopkinsville Federal Bank. On May 14, 2002, the Bank changed its name to Heritage Bank. HopFed Bancorp, Inc. HopFed Bancorp, Inc. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f28%2f0001193125-08-068952.html#FIS_BUSINESS"www.bankwithheritage.com
222 Employees
Founded in 1879
HopFed Bancorp Inc. (HFBC:NASDAQ)
LAST $9.55 USD
CHANGE TODAY 0.00 0.00%
VOLUME 2.2K
As of 12:35 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of HopFed Bancorp Inc. (HFBC)
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OPEN
$9.53
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PREVIOUS CLOSE
$9.55
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DAY HIGH
$9.55
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DAY LOW
$9.44
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52 WEEK HIGH
01/9/09 - $12.49
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52 WEEK LOW
04/15/09 - $8.13
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MARKET CAP
34.3M
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AVERAGE VOLUME 3 mo
2.9K
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DILUTED EPS TTM
$-0.29
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SHARES OUTSTANDING
3.6M
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EX-DATE
09/28/09
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P/E TTM
NM
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DIVIDEND
$0.48
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DIVIDEND YIELD
5.03%
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| K = Thousands M = Millions B = Billions | ||
HFBC Top Compensated Officers
Mr. John E. Peck
Chief Executive Officer, President, Director,...
Age: 44
Total Annual Compensation: $256.0K
Mr. Billy C. Duvall CPA
Chief Financial Officer, Principal Accounting...
Age: 43
Total Annual Compensation: $139.9K
Mr. Keith Bennett
Market President of Montgomery Co
Age: 47
Total Annual Compensation: $204.6K
Mr. Douglas Lawson
President of Calloway County Market
Age: 39
Total Annual Compensation: $126.7K
Mr. Robert Burrow
Market President Fulton Co
Age: 54
Total Annual Compensation: $121.2K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for HopFed Bancorp Inc. (HFBC)
HopFed Bancorp Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009 ; Announces Goodwiil Impairment Charge
10/26/2009
HopFed Bancorp Inc. reported earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported total interest and dividend income of $13,505,000, net interest income of $6,870,000, net interest income after provision for loan losses of $5,491,000, loss before income tax expense of $4,099,000, net loss of $2,615,000, net loss available to common stockholders of $2,875,000, or $0.80 per diluted share compared to total interest and dividend income of $12,271,000, net interest income of $5,942,000, net interest income after provision for loan losses of $5,137,000, income before income tax expense of $1,574,000, net income of $1,149,000, net income available to common stockholders of $1,149,000, or $0.32 per diluted share for the same period last year. The company reported adjusted earnings of $418,000, or $0.12 per diluted share compared to adjusted earnings of $1,149,000, or $0.32 per diluted share for the same period last year. For the nine months, the company reported total interest and dividend income of $40,006,000, net interest income of $19,827,000, net interest income after provision for loan losses of $16,512,000, loss before income tax expense of $721,000, net loss of $238,000, net loss available to common stockholders of $1,009,000, or $0.28 per diluted share compared to total interest and dividend income of $36,986,000, net interest income of $17,376,000, net interest income after provision for loan losses of $15,694,000, income before income tax expense of $5,551,000, net income of $3,902,000, net income available to common stockholders of $3,902,000, or $1.08 per diluted share for the same period last year. The company reported book value per share, gross of $17.33 as of September 30, 2009. The company incurred a $5,000,000 goodwill impairment charge that reduced after tax net income by $3,300,000, or $0.92 per share basic and diluted for the three and nine month periods ended September 30, 2009.
HopFed Bancorp Inc. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 26, 2009).
10/26/2009
HopFed Bancorp Inc. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 26, 2009).
HopFed Bancorp Inc. Announces Goodwill Impairment for the Three Months Ended September 30, 2009
10/8/2009
HopFed Bancorp Inc. announced that, for the three months ended September 30, 2009, it will record a $5.0 million pre-tax impairment charge to write off all of its goodwill. The impairment charge will result in a $3.3 million after-tax reduction in net income ($0.92 per share basic and diluted) for the three and nine month periods ended September 30, 2009.
HFBC Competitors
| Company | Last | Change |
| First Business Financial Services Inc | $9.90 USD | 0.00 |
| First Citizens Banc Corp | $4.75 USD | -0.25 |
| Jefferson Bancshares Inc | $5.01 USD | 0.00 |
| Northwest Indiana Bancorp | $18.30 USD | +1.05 |
| Princeton National Bancorp Inc | $11.60 USD | -0.20 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | HFBC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.1x |
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| Price/Book | 0.4x |
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| Price/Cash Flow | 72.3x |
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| TEV/Sales | -- | Not Meaningful |
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HFBC |
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HFBC transactions
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| No transactions in the last 6 months. | ||
More Recent News About HopFed Bancorp, Inc.
More news for HFBC
HopFed Bancorp, Inc. Declares Regular Quarterly Cash Dividend
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
HOPFED BANCORP INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Critical Accounting Policies The consolidated condensed financial statements as of June 30, 2009 and December 31, 2008, and for the three-month and six month periods ended June 30, 2009 and June 30, 2008 included herein have been prepared by the Company, without an audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in interim financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. These financial statements should be read in conjunction with the financial statements and notes thereon included in the Company's 2008 Annual Report to Stockholders on Form 10-K. Certain of the Company's accounting policies are important to the portrayal of the Company's financial condition, since they require management to make difficult, complex or subjective judgments, some of which may relate to matters that are inherently uncertain. Estimates associated with these policies are susceptible to material changes as a result of changes in facts and circumstances. Facts and circumstances, which could affect these material judgments, include, but without limitation, changes in interest rates, in the performance of the economy or in the financial condition of borrowers. Management believes that its critical accounting policies include determining the allowance for loan losses and determining the fair value of securities and other financial instruments and assessing other than temporary impairments of securities. Comparison of Financial Condition at June 30, 2009 and December 31, 2008 Total assets increased by $34.2 million, from $967.6 million at December 31, 2008 to $1.0 billion at June 30, 2009. Securities available for sale increased from $247.0...Click here to read the whole Article (external link)
HOPFED BANCORP INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Show all filings for HOPFED BANCORP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for HOPFED BANCORP INC 5-Aug-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for info...Click here to read the whole Article (external link)
HopFed Bancorp, Inc. Announces Goodwill Impairment
HOPKINSVILLE, Ky., Oct. 8 /PRNewswire-FirstCall/ -- HopFed Bancorp, Inc. (Nasdaq: HFBC - News; the "Company"), the parent Company of Heritage Bank, announced today that, for the three months ended September 30, 2009, it will record a $5.0 million pre-tax impairment charge to write off all of its goodwill. The impairment charge will result in a $3.3 million after-tax reduction in net income ($0.92 per share basic and diluted) for the three and nine month periods ended September 30, 2009. The determination of the impairment charge followed the Company's annual review of its goodwill. President and Chief Executive Officer John E. Peck, commented, "We are disappointed with having to report an impairment charge against earnings; however, the goodwill impairment charge is a non-cash adjustment which has no effect on the Company's tangible equity ratio, regulatory capital ratios, statement of cash flows or liquidity. The charge is primarily due to the valuation declines in the equity markets over the past twelve months. In the last year, numerous publicly traded companies have seen sharp declines in the price of their common stock. Many of those companies have incurred impairment charges to reduce or eliminate the amount of goodwill on their books."Mr. Peck continued, "Heritage Bank remains well capitalized by regulatory standards with a total risk based capital ratio of approximately 13.00% and Tier 1 capital ratio of 7.80% at June 30, 2009. The impairment charge does not affect the Bank's ability to meet its customer'...Click here to read the whole Article (external link)
HOPFED BANCORP INC Financials
PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue16,048 15,553 14,284 14,321 Cost of Revenue5,334 5,466 5,458 4,967 Gross Profit10,714 10,087 8,826 9,354 Operating ExpensesResearch Development - - - - Selling General and Administrative6,578 5,758 5,519 5,409 Non Recurring - - - - Others1,165 1,178 939 1,009 Total Operating Expenses - - - - Operating Income or Loss2,971 3,151 2,368 2,936 Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes2,971 3,151 2,368 2,936 Interest Expense1,411 1,333 1,352 1,362 Income Before Tax1,560 1,818 1,016 1,574 Income Tax Expense449 552 303 425 Minority Interest - - - - Net Income From Continuing Ops1,111 1,266 713 1,149 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - &nb...Click here to read the whole Article (external link)
HOPFED BANCORP INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Show all filings for HOPFED BANCORP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for HOPFED BANCORP INC 29-Oct-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for in...Click here to read the whole Article (external link)
HopFed Bancorp, Inc. Reports Third Quarter Results
HOPKINSVILLE, Ky., Oct. 26 /PRNewswire-FirstCall/ -- HopFed Bancorp, Inc. (Nasdaq: HFBC - News; the "Company") today reported results for the three and nine-month periods ended September 30, 2009. For the three month period ended September 30, 2009, net income (loss) available for common shareholders was ($2,875,000), or ($0.80) per share (basic and diluted), compared to $1,149,000, or $0.32 per share (basic and diluted) for the three month period ended September 30, 2008, and $854,000, or $0.24 per share (basic and diluted) for the three month period ended June 30, 2009. For the nine-month period ended September 30, 2009, net income (loss) available for common shareholders was ($1,009,000), or ($0.28) per share (basic and diluted) as compared to $3.9 million, or $1.09 per share basic and $1.08 per share diluted for the nine month period ended September 30, 2008. Commenting on the third quarter results, John E. Peck, president and chief executive officer, said, "The Company is disappointed to report the goodwill impairment charge. It is important to remember that the impairment charge is a noncash adjustment that does not affect the Company's capital ratios, statement of cash flows and liquidity. The Company's actions in the third quarter strengthen its balance sheet and establish a strong foundation for future growth."Highlights from the Third QuarterAsset Quality The Company's asset quality remains strong. At September 30, 2009, the Company's non-perf...Click here to read the whole Article (external link)
HOPFED BANCORP INC Files SEC form 8-K, Material Impairments, Financial Statements and Exhibits
Show all filings for HOPFED BANCORP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for HOPFED BANCORP INC 9-Oct-2009Material Impairments, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informat...Click here to read the whole Article (external link)
HOPFED BANCORP INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Critical Accounting Policies The consolidated condensed financial statements as of September 30, 2009 and December 31, 2008, and for the three-month and nine-month periods ended September 30, 2009 and September 30, 2008 included herein have been prepared by the Company, without an audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in interim financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. These financial statements should be read in conjunction with the financial statements and notes thereon included in the Company's 2008 Annual Report to Stockholders on Form 10-K. Certain of the Company's accounting policies are important to the portrayal of the Company's financial condition, since they require management to make difficult, complex or subjective judgments, some of which may relate to matters that are inherently uncertain. Estimates associated with these policies are susceptible to material changes as a result of changes in facts and circumstances. Facts and circumstances, which could affect these material judgments, include, but without limitation, changes in interest rates, in the performance of the economy or in the financial condition of borrowers. Management believes that its critical accounting policies include determining the allowance for loan losses and determining the fair value of securities and other financial instruments and assessing other than temporary impairments of securities. Comparison of Financial Condition at September 30, 2009 and December 31, 2008 Total assets increased by $54.6 million, from $967.56 million at December 31, 2008 to $1.02 billion at September 30, 2009. Securities available fo...Click here to read the whole Article (external link)
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