IF Bancorp, Inc. (IROQ) 10-Year Financial Performance & Capital Metrics

IROQ • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

AboutIF Bancorp, Inc. operates as the savings and loan holding company for Iroquois Federal Savings and Loan Association that provides a range of banking and financial services to individual and corporate clients. The company offers various deposit accounts, including savings accounts, certificates of deposit, money market accounts, commercial and personal checking accounts, individual retirement accounts, and health savings accounts. It also provides loans comprising one- to four-family residential mortgage loans; multi-family mortgage loans; commercial real estate loans, such as farm loans; home equity lines of credit; commercial business loans; and consumer loans primarily consisting of automobile loans, as well as construction loans and land development loans. In addition, the company sells property and casualty insurance, as well as offers annuities; mutual funds; individual and group retirement plans; life, disability, and health insurance; individual securities; managed accounts; and other financial services. Further, it invests in securities; and provides ATM, online banking and bill pay, mobile banking, ACH origination, remote deposit capture, and telephone banking services. As of August 31, 2021, it operated a network of seven full-service banking offices located in Watseka, Danville, Clifton, Hoopeston, Savoy, Bourbonnais, and Champaign, Illinois; and a loan production and wealth management office in Osage Beach, Missouri. IF Bancorp, Inc. was founded in 1883 and is headquartered in Watseka, Illinois.Show more

Net Interest Income $20M +17.3%
Total Revenue $48M +6.6%
Net Income $4M +140.4%
Return on Equity 5.53% +124.9%
Net Interest Margin 2.29% +17.3%
Efficiency Ratio 42.49% -2.3%
ROA 0.48% +135.2%
Equity / Assets 9.22% +10.7%
Book Value per Share 25.97 +10.1%
Tangible BV/Share 25.52 +10.4%
Debt/Equity 0.89 -13.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 42.5% efficiency ratio
✓Trading near 52-week high
✓Trading at only 1.0x book value

✗Weaknesses

✗Weak 3Y average ROE of 4.8%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.14%

5Y8.77%

3Y16.88%

TTM-

Profit (Net Income) CAGR

10Y2.77%

5Y0.28%

3Y-9.38%

TTM140.45%

EPS CAGR

10Y5.14%

5Y0.29%

3Y-9.36%

TTM144.66%

ROCE

10Y Avg4.47%

5Y Avg5.08%

3Y Avg4.06%

Latest3.89%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Net Interest Income+	16.99M	17.62M	17.41M	17.72M	18.22M	20.05M	22.14M	21.8M	17.35M	20.36M
NII Growth %	0.09%	0.04%	-0.01%	0.02%	0.03%	0.1%	0.1%	-0.02%	-0.2%	0.17%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	20.31M	21.23M	22.7M	26.57M	26.91M	24.23M	24.67M	31.87M	40.61M	42.96M
Interest Expense	3.31M	3.62M	5.29M	8.85M	8.69M	4.18M	2.53M	10.07M	23.25M	22.6M
Loan Loss Provision	1.37M	1.72M	777K	407K	128K	844K	492K	-228K	32K	-701K
Non-Interest Income+	4.16M	4.85M	4.19M	4.31M	4.85M	6.36M	5.62M	4.29M	4.76M	5.41M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	24.47M	26.08M	26.89M	30.89M	31.77M	30.59M	30.29M	36.17M	45.37M	48.37M
Revenue Growth %	0.11%	0.07%	0.03%	0.15%	0.03%	-0.04%	-0.01%	0.19%	0.25%	0.07%
Non-Interest Expense	14.21M	14.55M	16.36M	16.77M	17.06M	18.18M	19.44M	20.06M	19.73M	20.55M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	5.58M	6.19M	4.46M	4.85M	5.88M	7.38M	7.83M	6.26M	2.35M	5.92M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.09%	0.11%	-0.28%	0.09%	0.21%	0.25%	0.06%	-0.2%	-0.62%	1.51%
Pretax Income+	5.58M	6.19M	4.46M	4.85M	5.88M	7.38M	7.83M	6.26M	2.35M	5.92M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.01M	2.27M	2.73M	1.29M	1.64M	2.03M	2.04M	1.6M	565K	1.61M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	3.57M	3.92M	1.74M	3.56M	4.25M	5.35M	5.78M	4.66M	1.79M	4.3M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.09%	0.1%	-0.56%	1.05%	0.19%	0.26%	0.08%	-0.19%	-0.62%	1.4%
Net Income (Continuing)	3.57M	3.92M	1.74M	3.56M	4.25M	5.35M	5.78M	4.66M	1.79M	4.3M
EPS (Diluted)+	0.95	1.06	0.47	1.01	1.35	1.74	1.84	1.46	0.57	1.37
EPS Growth %	0.14%	0.12%	-0.56%	1.15%	0.34%	0.29%	0.06%	-0.21%	-0.61%	1.4%
EPS (Basic)	0.96	1.06	0.47	1.02	1.37	1.76	1.88	1.50	0.57	1.37
Diluted Shares Outstanding	3.73M	3.71M	3.7M	3.53M	3.15M	3.08M	3.14M	3.2M	3.13M	3.15M

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	6.7M	9.52M	6.5M	62.6M	36.47M	64.98M	77.31M	12.24M	9.82M	20.09M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Total Investments+	565.08M	551.93M	602.48M	634.07M	672.21M	703.26M	739.84M	788.76M	829.77M	0
Investments Growth %	0.07%	-0.02%	0.09%	0.05%	0.06%	0.05%	0.05%	0.07%	0.05%	-1%
Long-Term Investments	443.75M	440.32M	476.48M	487.77M	509.82M	513.37M	518.93M	587.46M	639.3M	0
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	440K	710K	866K	853K	715K	1.01M	1.46M	1.48M	1.49M	1.43M
PP&E (Net)	4.59M	5.84M	10.23M	10.71M	10.19M	9.79M	9.51M	11.09M	10.58M	0
Other Assets	15.21M	12.21M	13.03M	11.44M	13.39M	14.69M	18.25M	21.59M	22.14M	886.23M
Total Current Assets	129.83M	122.67M	134.32M	211.03M	200.77M	256.77M	300.24M	216.32M	203.75M	3.54M
Total Non-Current Assets	465.73M	462.81M	504.6M	512.84M	534.75M	540.57M	557.32M	632.66M	683.99M	887.66M
Total Assets+	595.57M	585.47M	638.92M	723.87M	735.52M	797.34M	857.56M	848.98M	887.75M	887.66M
Asset Growth %	0.06%	-0.02%	0.09%	0.13%	0.02%	0.08%	0.08%	-0.01%	0.05%	-0%
Return on Assets (ROA)	0.01%	0.01%	0%	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0%
Accounts Payable	59K	55K	188K	801K	537K	199K	176K	1.67M	3.01M	1.86M
Total Debt+	71.39M	55.68M	69.78M	26.02M	41.24M	34.24M	24.24M	30.29M	76.02M	72.92M
Net Debt	64.69M	46.17M	63.28M	-36.59M	4.77M	-30.74M	-53.07M	18.05M	66.2M	52.83M
Long-Term Debt	67M	53.5M	67.5M	24M	34.5M	25M	15M	19.5M	58.25M	48.62M
Short-Term Debt	4.39M	2.18M	2.28M	2.02M	6.74M	9.24M	9.24M	10.79M	17.77M	24.3M
Other Liabilities	6.43M	6.62M	6.86M	7.57M	9.48M	9.96M	9.46M	9.96M	7.62M	757.2M
Total Current Liabilities	438.16M	441.38M	482.89M	609.84M	608.98M	677.08M	761.44M	747.77M	747.96M	723.12M
Total Non-Current Liabilities	73.43M	60.12M	74.36M	31.57M	43.98M	34.96M	24.46M	29.46M	65.87M	805.82M
Total Liabilities	511.59M	501.5M	557.25M	641.41M	652.95M	712.04M	785.9M	777.22M	813.83M	805.82M
Total Equity+	83.97M	83.97M	81.67M	82.46M	82.56M	85.3M	71.66M	71.75M	73.92M	81.84M
Equity Growth %	0.04%	-0%	-0.03%	0.01%	0%	0.03%	-0.16%	0%	0.03%	0.11%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.04%	0.05%	0.02%	0.04%	0.05%	0.06%	0.07%	0.06%	0.02%	0.06%
Book Value per Share	22.48	22.62	22.08	23.36	26.23	27.71	22.85	22.46	23.60	25.97
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	40K	39K	39K	36K	32K	32K	32K	33K	33K	33K
Additional Paid-in Capital	47.53M	47.94M	48.36M	48.81M	49.24M	49.62M	50.34M	51.54M	51.91M	52.33M
Retained Earnings	37.09M	39.05M	38.88M	35.36M	31.21M	35.65M	40.36M	43.37M	43.88M	46.89M
Accumulated OCI	2.19M	-367K	-3.11M	565K	4.2M	1.93M	-17.35M	-21.65M	-20.56M	-17.42M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	5.33M	6.14M	4.84M	5.8M	6.9M	6.87M	8.67M	2.77M	2.28M	6.76M
Operating CF Growth %	-0%	0.15%	-0.21%	0.2%	0.19%	-0%	0.26%	-0.68%	-0.17%	1.96%
Net Income	3.57M	3.92M	1.74M	3.56M	4.25M	5.35M	5.78M	4.66M	1.79M	4.3M
Depreciation & Amortization	428K	324K	468K	628K	671K	679K	675K	663K	671K	621K
Deferred Taxes	-230K	-332K	1.32M	76K	-15K	-162K	218K	-156K	120K	114K
Other Non-Cash Items	960K	315K	392K	110K	-179K	620K	854K	-147K	-578K	-1.21M
Working Capital Changes	-67K	1.32M	303K	780K	1.56M	-189K	537K	-2.92M	-283K	2.33M
Cash from Investing+	-37.72M	7.59M	-60.67M	-27.14M	-34.3M	-36.04M	-68.8M	-57.12M	-39.75M	14.06M
Purchase of Investments	-25M	-73.42M	-39.23M	-42.15M	-52.05M	-79.59M	-98.78M	-18.2M	-1.98M	-18.34M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-89.3M	3.2M	-37.07M	-11.29M	-23.42M	-4.22M	-9.06M	-67.96M	-51.87M	5.56M
Cash from Financing+	25.62M	-12.41M	52.82M	76.18M	1.27M	58.44M	73.21M	-10.47M	36.05M	-10.3M
Dividends Paid	-484K	-589K	-730K	-868K	-939K	-909K	-1.07M	-1.27M	-1.28M	-1.29M
Share Repurchases	-1.43M	-1.38M	-1.38M	-6.22M	-7.46M	0	0	0	0	0
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K
Other Financing	18.53M	3.05M	40.93M	126.77M	-3.83M	68.85M	87.28M	-13.7M	-1.42M	-4.89M
Net Change in Cash+	-6.78M	1.32M	-3.01M	54.85M	-26.13M	29.27M	13.08M	-64.82M	-1.42M	10.52M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	13.22M	6.45M	7.77M	4.75M	59.6M	33.47M	62.73M	75.81M	10.99M	9.57M
Cash at End	6.45M	7.77M	4.75M	59.6M	33.47M	62.73M	75.81M	10.99M	9.57M	20.09M
Interest Paid	3.32M	3.62M	5.16M	8.24M	8.96M	4.52M	2.55M	8.59M	21.91M	23.75M
Income Taxes Paid	2.18M	2.55M	2.09M	365K	1.15M	2.74M	1.96M	2.1M	347K	967K
Free Cash Flow+	5.11M	4.46M	-16K	4.69M	6.74M	6.59M	8.28M	516K	2.04M	6.52M
FCF Growth %	-0.02%	-0.13%	-1%	294.06%	0.44%	-0.02%	0.26%	-0.94%	2.95%	2.2%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	4.34%	4.67%	2.1%	4.34%	5.14%	6.37%	7.37%	6.5%	2.46%	5.53%
Return on Assets (ROA)	0.62%	0.66%	0.28%	0.52%	0.58%	0.7%	0.7%	0.55%	0.21%	0.48%
Net Interest Margin	2.85%	3.01%	2.72%	2.45%	2.48%	2.51%	2.58%	2.57%	1.95%	2.29%
Efficiency Ratio	58.07%	55.79%	60.84%	54.31%	53.7%	59.45%	64.19%	55.47%	43.48%	42.49%
Equity / Assets	14.1%	14.34%	12.78%	11.39%	11.23%	10.7%	8.36%	8.45%	8.33%	9.22%
Book Value / Share	22.48	22.62	22.08	23.36	26.23	27.71	22.85	22.46	23.6	25.97
NII Growth	8.66%	3.67%	-1.18%	1.79%	2.8%	10.07%	10.43%	-1.55%	-20.4%	17.32%
Dividend Payout	13.57%	15.03%	42%	24.4%	22.12%	17%	18.45%	27.23%	71.45%	29.88%

Revenue by Segment

	2019	2020	2021	2022	2023	2024	2025
Deposit Account	367K	340K	275K	347K	380K	416K	481K
Deposit Account Growth	-	-7.36%	-19.12%	26.18%	9.51%	9.47%	15.63%
Financial Service, Other	279K	367K	419K	314K	248K	258K	256K
Financial Service, Other Growth	-	31.54%	14.17%	-25.06%	-21.02%	4.03%	-0.78%

Frequently Asked Questions

Valuation & Price

IF Bancorp, Inc. (IROQ) has a price-to-earnings (P/E) ratio of 19.9x. This is roughly in line with market averages.

Growth & Financials

IF Bancorp, Inc. (IROQ) grew revenue by 6.6% over the past year. This is steady growth.

Yes, IF Bancorp, Inc. (IROQ) is profitable, generating $4.3M in net income for fiscal year 2025 (8.9% net margin).

Dividend & Returns

Yes, IF Bancorp, Inc. (IROQ) pays a dividend with a yield of 1.50%. This makes it attractive for income-focused investors.

IF Bancorp, Inc. (IROQ) has a return on equity (ROE) of 5.5%. This is below average, suggesting room for improvement.

Industry Metrics

IF Bancorp, Inc. (IROQ) has a net interest margin (NIM) of 2.3%. NIM has been under pressure due to interest rate environment.

IF Bancorp, Inc. (IROQ) has an efficiency ratio of 42.5%. This is excellent, indicating strong cost control.

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