IF Bancorp Announces Q2 FY26 Earnings, Net Income at $1.3mln

IF Bancorp reported Q2 net income of $1.3 million, or $0.41 per share, up from $1.2 million in Q2 2024. Net interest income increased to $6 million, while interest expense decreased to $4.6 million. Noninterest income rose to $1.4 million, but noninterest expense increased to $5.5 million due to higher professional services costs related to the pending merger with ServBanc. The company's six-month net income was $2.7 million, or $0.84 per share, compared to $1.9 million in 2024.