IF Bancorp Q1 Net Income Surges

IF Bancorp Q1 net income more than doubles due to increased loan growth and higher net interest income. The company reported a net income of $6.8 million, up from $3.0 million in the same period last year. IF Bancorp operates as a savings and loan holding company for Iroquois Federal Savings and Loan Association, with a focus on taking deposits and investing in loans. The company offers a range of deposit accounts and alternative delivery channels, with operations in seven full-service banking offices and a loan production and wealth management office in Missouri.