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News : HopFed Bancorp, Inc.

 



HOPFED BANCORP, INC. REPORTS FIRST QUARTER RESULTS
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HOPKINSVILLE, Ky. (April 29, 2016) – HopFed Bancorp, Inc. (NASDAQ: HFBC) (the “Company”), the holding company for Heritage Bank USA, Inc. (the “Bank”), today reported results for the three month period ended March 31, 2016. For the three month period ended March 31, 2016, the Company’s net income was $509,000, or $0.08 per share basic and diluted, compared to net income of $1.4 million, or $0.20 per share, basic and diluted, for the three month period ended March 31, 2015. In the three month period ended March 31, 2015, the Company recovered $830,000 in previously non-accrual interest income on an investment. The recovery of non-accrual interest added $0.08 per share to the Company’s earnings per share for the three month period ended March 31, 2015.

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