IF Bancorp reports Q1 EPS 20c vs 14c last year

Walter H. “Chip” Hasselbring, President and Chief Executive Officer, commented, “While the Federal Reserve has recently begun the process of easing the interest rate environment, it will be a while until the full effects of lower interest rates are felt in our financial results. That being said, we were pleased to see earnings improvement in our quarterly results. Our capital ratios and asset quality remain strong. We look forward to moving the Association forward in this competitive banking environment.”