KFFB

EX-99.1

2 ea029282701ex99-1.htm

PRESS RELEASE DATED MAY 29, 2026

Exhibit 99.1

Kentucky First Federal Bancorp

Hazard, Kentucky, Frankfort, Kentucky, Danville, Kentucky and Lancaster, Kentucky

For Immediate Release May 29, 2026

Contact:Don D. Jennings, President, or Tyler Eades, Vice President

(502) 223-1638

216 West Main Street

P.O. Box 535

Frankfort, KY 40602

Kentucky First Federal Bancorp Board of Directors to

Consider Resumption of Quarterly Dividend

Special Board Meeting to be Held on July 28, 2026

Kentucky First Federal Bancorp (Nasdaq: KFFB), the holding company (the “Company” or “Kentucky First”) for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced that on July 28, 2026 its Board of Directors will hold a special meeting of the Board to evaluate whether to declare a quarterly dividend on shares of the Company’s common stock in an amount not to exceed $0.10 per share. However, the Kentucky First Board of Directors may decide to declare a lower dividend or declare no dividend at all. No decision regarding the amount, frequency, or occurrence of future dividends has been made by the Kentucky First Board of Directors at this time and all dividends on Kentucky First common stock are declared at the discretion of the Kentucky First Board of Directors.  The Company previously announced on January 16, 2024, that the Board of Directors had voted to suspend the payment of dividends and the Company has not paid a dividend since November 2023.

The Company’s July 28, 2026 special Board meeting will follow the meeting of the members of First Federal MHC who are meeting on July 28, 2026 to vote on a proposal to permit First Federal MHC to waive its right to receive quarterly dividends aggregating up to $0.40 per share declared by Kentucky First during the 12-month period following member approval of the dividend waiver proposal.  First Federal MHC holds 58.5% of the Company’s outstanding shares of common stock. The members of First Federal MHC previously approved similar proposals to waive First Federal MHC’s right to receive dividends declared and paid by the Company from 2012 through 2023.  The declaration and payment of any dividend by the Kentucky First Board of Directors remains subject to any required non-objection of the Federal Reserve Bank of Cleveland.

Forward-Looking Statements

This press release may contain statements that are forward-looking,

as that term is defined by the Private Securities Litigation Act of 1995 or the Securities and Exchange Commission in its rules, regulations and releases. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. These forward-looking statements may be identified by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “estimate,” “intend” and “potential,” or words of similar meaning, or future or conditional verbs such as “should,” “could,” or “may.” Forward-looking statements include statements of our goals, intentions and expectations; statements regarding our business plans, prospects, growth and operating strategies; statements regarding the quality of our loan and investment portfolios; and estimates of our risks and future costs and benefits. Kentucky First Federal Bancorp’s actual results, performance or achievements may materially differ from those expressed or implied in the forward-looking statements. Risks and uncertainties that could cause or contribute to such material differences include, but are not limited to, general economic conditions; prices for real estate in the Company’s market areas; the interest rate environment and the impact of the interest rate environment on our business, financial condition and results of operations; our ability to successfully execute our strategy to increase earnings, increase core deposits, reduce reliance on higher cost funding sources and shift more of our loan portfolio towards higher-earning loans; our ability to pay future dividends and if so at what level; our ability to receive any required regulatory approval or non-objection to pay dividends to shareholders; our ability to pay dividends from First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky to the Company in order for the Company to pay dividends to shareholders; the ability of First Federal MHC to receive approval of its members to waive the payment of any Company dividends to First Federal MHC; competitive conditions in the financial services industry; changes in the level of inflation; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; changes in the demand for loans, deposits and other financial services that we provide; the possibility that future credit losses may be higher than currently expected; competitive pressures among financial services companies; the ability to attract, develop a

EX-99.1

2 ea029054501ex99-1.htm

PRESS RELEASE DATED MAY 11, 2026

Exhibit 99.1

Kentucky First Federal Bancorp

Hazard, Kentucky, Frankfort, Kentucky, Danville, Kentucky and Lancaster, Kentucky

For Immediate Release May 11, 2026

Contact: Don D. Jennings, President, or Tyler Eades, Vice President

(502) 223-1638

216 West Main Street

P.O. Box 535

Frankfort, KY 40602

Kentucky First Federal Bancorp Reports Earnings

Kentucky First Federal Bancorp (Nasdaq: KFFB), the holding company (the “Company”) for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced net income of $581,000 or $0.07 diluted earnings per share for the three months ended March 31, 2026, compared to net income of $7,000 or $0.00 diluted earnings per share for the three months ended March 31, 2025, an increase of $574,000. Net earnings were $1.2 million or $0.15 diluted earnings per share for the nine months ended Mach 31, 2026 compared to net earnings of $5,000 or $0.00 diluted earnings per share for the nine months ended March 31, 2025, an increase of $1.2 million.

The increase in net earnings for the quarter ended March 31, 2026 was primarily attributable to higher net interest income. Net interest income increased $736,000 or 34.5% to $2.9 million due to increased interest income and decreased interest expense from period to period. Interest income increased $411,000 or 8.5% to $5.3 million, while interest expense decreased $325,000 or 12.0% to $2.4 million for the recently-ended quarter.

Interest income increased for the comparable quarterly periods due to an increase in the average rate earned on interest-earning assets, which increased 48 basis points to 5.76%. Average interest-earning assets decreased $2.2 million or 0.6% to $365.1 million for the recently-ended quarterly period. The average rate earned on assets was due primarily to an increase in the rate earned on loans, which was the result of new loan production carrying higher interest rates and adjustable rate mortgages continuing to reprice upward. Interest expense decreased for the comparable quarterly periods due to a decrease in the average balance of interest-bearing liabilities as well as a decrease in the average rate paid on those funds. Average interest-bearing liabilities decreased $3.8 million or 1.2% to $312.9 million for the quarterly period just ended, while the average rate paid decreased 37 basis points to 3.06% for the period.

Non-interest income increased $58,000 or 71.6% and totaled $139,000

for the three months ended March 31, 2026.

Non-interest expense increased $34,000 or 1.6%

to $2.2 million for the three months ended March 31, 2026 primarily due to employee compensation and benefits expense increasing $79,000 or 6.5% primarily due to annual performance-based adjustments and higher health insurance costs. Data processing expense also increased $64,000 or 35.6%. This was slightly offset by outside service fees decreasing $36,000 or 23.5% in the same period.

The increase in net earnings on a nine-month basis was primarily attributable

to increased net interest income and higher non-interest income, which were partially offset by increased non-interest expense and increased provision for income tax.

Net interest income increased $2.0 million or 33.0% to $8.0 million due to increased interest income and decreased interest expense from period to period. Interest income increased $1.2 million, or 8.7% to $15.5 million, while interest expense decreased $754,000 or 9.2% to $7.5 million for the recently-ended nine month period. Non-interest income increased $81,000 or 20.8% year over year primarily due to increased net gains on sales of loans, while provision for loan loss increased $15,000 or 41.7% to $51,000 for the nine months ended March 31, 2026. Non-interest expense increased $446,000 or 7.0% to $6.8 million for the nine months ended March 31, 2026, due primarily to data processing expense increasing $244,000 or 54.1%. Employee compensation and benefits also increased $198,000 or 5.5%. Outside service fees increased $134,000 or 35.5% for the nine months ended March 31, 2026 compared to March 31, 2025. This was slightly offset by regulatory assessment expense decreasing $18,000 or 25.4% in the same period. Income tax expense increased $386,000 as a result of higher pre-tax earnings.

At March 31, 2026, assets totaled $374.5 million, an increase of $3.3 million or 0.9%, from $371.2 million at June 30, 2025, due primarily to an increase in cash and cash equivalents of $1.8 million or 9.3% and totaled $21.3 million. Loans, net, totaled $328.2 million, an increase of $975,000 or 0.3%, as well as an increase in investment securities of $480,000 or 4.8% compared to June 30, 2025. Total liabilities increased $2.0 million or 0.6% to $324.9 million at March 31, 2026. FHLB advances increased $6.2 million or 14.4% to $48.9 million to fund the growth in assets. Deposits decreased $3.9 mill

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 10, 2026

KENTUCKY FIRST FEDERAL BANCORP

(Exact Name of Registrant as Specified in Its Charter)

United States

0-51176

61-1484858

(State or other jurisdiction of

(Commission

(IRS Employer

incorporation or organization)

File Number)

Identification No.)

655 Main Street, Hazard, Kentucky

41702

(Address of principal executive offices)

(Zip Code)

(502) 223-1638

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value per share

KFFB

The NASDAQ Stock Market LLC

Item 2.02 Results of Operations and Financial Condition

On February 10, 2026, Kentucky First Federal Bancorp (the “Company”) announced its unaudited financial results for the six and three months ended December 31, 2025. For more information, see the Company’s press release dated February 10, 2026, which is filed as Exhibit 99.1 hereto and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(a) Not applicable

(b) Not applicable

(c) Not applicable

The following exhibit is filed herewith:

99.1

Press Release dated February 10, 2026

104

Cover Page Interactive Data File (formatted as Inline XBRL)

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

KENTUCKY FIRST FEDERAL BANCORP

Date: February 12, 2026 By: /s/ Tyler Eades

Tyler Eades

Vice President and Chief Finance Officer

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