IF Bancorp issues supplemental proxy amid merger litigation

IF Bancorp ( (IROQ) ) has issued an announcement.

On October 29, 2025, IF Bancorp, Inc. agreed to a multi-step merger with ServBanc Holdco, Inc., under which IF Bancorp will first merge into SBHI Holdings, Inc., then into ServBanc itself, followed by the merger of its banking subsidiary, Iroquois Federal Savings and Loan Association, into Servbank, National Association. After the definitive proxy statement for the transaction was filed on December 30, 2025 and mailed to shareholders, purported shareholders filed two lawsuits in New York in January 2026 and sent four demand letters alleging the proxy was false and misleading and that the company and its directors were negligent or liable for misrepresentation; IF Bancorp denies all allegations but, to prevent delays to the shareholder meeting and closing and to avoid litigation costs, it has issued supplemental proxy disclosures, including additional detail on valuation multiples, selected transactions, discount-rate assumptions, its financial advisor’s fee structure, and unaudited prospective financial information for 2025 and 2026 used in the board’s and financial advisor’s analyses.

The most recent analyst rating on (IROQ) stock is a Hold with a $29.00 price target. To see the full list of analyst forecasts on IF Bancorp stock, see the IROQ Stock Forecast page.

Spark’s Take on IROQ Stock

According to Spark, TipRanks’ AI Analyst, IROQ is a Neutral.

The score is primarily constrained by weak cash flow (negative operating and free cash flows) despite solid revenue growth and stable leverage. Technicals are mildly supportive with neutral momentum and a steady longer-term uptrend versus key moving averages. Valuation is reasonable (P/E ~17) with a modest dividend, and the merger approvals add a positive catalyst but carry execution and closing risks.

To see Spark’s full report on IROQ stock, click here.

More about IF Bancorp

IF Bancorp, Inc. is a Maryland-based registered savings and loan holding company, whose primary operating subsidiary is Iroquois Federal Savings and Loan Association, providing community banking services including loans and deposit products. The company operates within the U.S. financial services sector, with a focus on traditional banking activities and balance-sheet driven earnings, and is currently the subject of a planned merger into ServBanc Holdco, Inc., an Arizona-based registered bank holding company.

Average Trading Volume: 10,579

Technical Sentiment Signal: Buy

Current Market Cap: $91.76M

For an in-depth examination of IROQ stock, go to TipRanks’ Overview page.