Home Loan Financial Corporation, the parent company of The Home Loan Savings Bank, has reported a net income of $1.63 million, or $1.16 per share, for the quarter ending March 31, 2025. This announcement was made in a press release on April 16, 2025.
According to the press release, for the quarter ending March 31, 2025, Home Loan Financial Corporation recorded a net income of $1,632,000, or $1.16 per basic and diluted share. This marks an increase from the net income of $1,302,000, or $0.93 per basic and diluted share, for the same period in 2024. The increase of $329,000 or 25.29% in earnings was primarily attributed to a rise of $689,000 in net interest income. This was partially offset by a decrease of $45,000 in noninterest income, an increase of $35,000 in the provision for loan losses, a rise of $193,000 in noninterest expenses, and an increase of $87,000 in federal income tax expense.
The press release also states that total assets as of March 31, 2025 were valued at $351.8 million—an increase of $21.2 million or 6.41% from total assets valued at $330.6 million as of June 30, 2024. Total deposits reached $276.5 million at March 31, 2025—a rise of $31.6 million or 12.89% from deposits totaling $244.9 million as of June 30, 2024. Total equity at March 31 stood at $42.1 million compared to $38.9 million at June 30 last year—reflecting an increase of $3.1 million.
Home Loan Financial Corporation (HLFC), headquartered in Coshocton, Ohio is a savings and loan holding company owning all shares of The Home Loan Savings Bank. The bank operates from its main office and multiple branch locations across Ohio offering mortgage loans along with consumer credit and investment services focused on one- to four-family residential properties within its primary market area while also providing commercial and multifamily loans.
HLFC and its subsidiaries are regulated by federal and state financial authorities while its subsidiary Home Loan Financial Services Inc., provides insurance alongside investment products according to information available on their website.
