IROQ

MKT CAP:$89M

IF Bancorp, Inc.

Market Cap

$89M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$26.55-$0.44 (-1.63%)

Mar 17, 2026

Company Details

IF 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 depo...

CEO

Thomas J. Chamberlain

IPO Date

Jul 8, 2011

Website

iroquoisfed.com

Key Metrics TTM

Revenue

$48M

-1.2% YoY

Net Income

$5M

EPS (Diluted)

$1.60

Free Cash Flow

$6M

Revenue / Share

$14.74

Gross Margin

59.5%

Operating Margin

14.9%

Net Margin

10.8%

FCF Margin

12.4%

P/S

1.9x

P/E

17.2x

Earnings Reports

Q2 2026

Feb 12, 2026

$12M-3.0%EPS $0.41

Q1 2026

Nov 12, 2025

$12M-1.5%EPS $0.43

FY 2025

Sep 11, 2025

$48M+6.6%EPS $1.37

Q4 2025

Sep 11, 2025

$12M+0.8%EPS $0.45

Q3 2025

May 13, 2025

$12M-1.0%EPS $0.31

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$8M	$7M	$2M
Q3 22	$7M	$7M	$2M
Q4 22	$7M	$6M	$1M
Q1 23	$8M	$8M	$3M
Q2 23	$9M	$7M	$2M
Q3 23	$9M	$6M	$892.0K
Q1 24	$10M	$5M	$641.0K
Q2 24	$11M	$5M	$232.0K
Q3 24	$12M	$6M	$951.0K
Q4 24	$12M	$6M	$531.0K
Q1 25	$12M	$6M	$851.0K
Q2 25	$12M	$7M	$2M
Q3 25	$12M	$7M	$1M
Q4 25	$12M	$7M	$2M
Q1 26	$12M	$7M	$2M
Q2 26	$12M	$7M	$2M

Valuation

Quarter	P/S	P/E
Q2 22	2.9x	14.5x
Q3 22	2.9x	15.5x
Q4 22	2.9x	15.4x
Q1 23	2.9x	15.2x
Q2 23	2.8x	16.0x
Q3 23	2.6x	17.5x
Q1 24	2.4x	19.6x
Q2 24	2.2x	32.4x
Q3 24	2.1x	43.4x
Q4 24	2.0x	49.7x
Q1 25	1.9x	45.5x
Q2 25	1.8x	29.8x
Q3 25	1.8x	27.0x
Q4 25	1.8x	20.7x
Q1 26	1.8x	17.6x
Q2 26	1.9x	17.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$4M	$3M
Q3 22	$2M	$2M
Q4 22	$3M	$3M
Q1 23	-$285.0K	-$313.0K
Q2 23	$836.0K	$750.0K
Q3 23	$1M	-$927.0K
Q1 24	$1M	$908.0K
Q2 24	$118.0K	$104.0K
Q3 24	$19.0K	-$67.0K
Q4 24	$1M	$1M
Q1 25	$2M	$2M
Q2 25	-$155.0K	-$226.0K
Q3 25	$2M	$2M
Q4 25	$3M	$3M
Q1 26	-$300.0K	-$343.0K
Q2 26	$2M	$2M

Capital Expenditures

Quarter	CapEx
Q2 22	$43.0K
Q3 22	$200.0K
Q4 22	$105.0K
Q1 23	$28.0K
Q2 23	$86.0K
Q3 23	$2M
Q1 24	$93.0K
Q2 24	$14.0K
Q3 24	$86.0K
Q4 24	$54.0K
Q1 25	$72.0K
Q2 25	$71.0K
Q3 25	$24.0K
Q4 25	$75.0K
Q1 26	$43.0K
Q2 26	$43.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+0.3%	-4.8%
Q3 22	-1.4%	+9.2%
Q4 22	-0.2%	-0.9%
Q1 23	+6.6%	+6.9%
Q2 23	+15.9%	+30.9%
Q3 23	+22.9%	+40.2%
Q1 24	+42.8%	+65.4%
Q2 24	+33.9%	+94.3%
Q3 24	+33.1%	+55.2%
Q4 24	+29.8%	+37.4%
Q1 25	+18.3%	+17.3%
Q2 25	+10.1%	-3.0%
Q3 25	-1.0%	-5.1%
Q4 25	+0.8%	-12.1%
Q1 26	-1.5%	-10.8%
Q2 26	-3.0%	-4.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$148.0K	1.9%
Q3 22	$157.0K	2.1%
Q4 22	$145.0K	2.0%
Q1 23	$147.0K	1.8%
Q2 23	$180.0K	2.0%
Q3 23	$173.0K	1.9%
Q1 24	$163.0K	1.6%
Q2 24	$144.0K	1.3%
Q3 24	$128.0K	1.1%
Q4 24	$128.0K	1.1%
Q1 25	$134.0K	1.1%
Q2 25	$150.0K	1.2%
Q3 25	$161.0K	1.4%
Q4 25	$0	0.0%
Q1 26	$167.0K	1.4%
Q2 26	$79.0K	0.7%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$3M	$95.0K
Q3 22	$3M	$98.0K
Q4 22	$4M	$123.0K
Q1 23	$3M	$101.0K
Q2 23	$3M	$169.0K
Q3 23	$3M	$109.0K
Q1 24	$3M	$77.0K
Q2 24	$3M	$105.0K
Q3 24	$3M	$104.0K
Q4 24	$3M	$123.0K
Q1 25	$3M	$101.0K
Q2 25	$3M	$86.0K
Q3 25	$4M	$99.0K
Q4 25	$4M	$96.0K
Q1 26	$4M	$112.0K
Q2 26	—	$96.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$30M	$219M	$249M
Q4 22	$77M	$221M	$298M
Q1 23	$13M	$207M	$220M
Q2 23	$10M	$208M	$218M
Q3 23	$11M	$208M	$218M
Q4 23	$12M	$201M	$214M
Q1 24	$8M	$193M	$201M
Q2 24	$9M	$200M	$209M
Q3 24	$17M	$195M	$212M
Q4 24	$10M	$190M	$200M
Q1 25	$8M	$193M	$201M
Q2 25	$6M	$183M	$189M
Q3 25	$9M	$168M	$177M
Q4 25	$20M	$0	$20M
Q1 26	$7M	$190M	$197M
Q2 26	$8M	$185M	$192M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	3M	+0.8%	+2.2%
Q3 22	3M	+0.4%	+1.9%
Q4 22	3M	-0.3%	+1.2%
Q1 23	3M	+1.3%	+2.1%
Q2 23	3M	+2.0%	+3.4%
Q3 23	3M	+0.1%	+3.1%
Q1 24	3M	+0.6%	+4.0%
Q2 24	3M	-1.8%	+0.8%
Q3 24	3M	+0.1%	-1.0%
Q4 24	3M	+0.1%	-0.9%
Q1 25	3M	+0.1%	-1.4%
Q2 25	3M	+0.1%	+0.5%
Q3 25	3M	+0.1%	+0.6%
Q4 25	3M	+0.1%	+0.6%
Q1 26	3M	+0.1%	+0.6%
Q2 26	3M	+0.1%	+0.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$71.7K	108
Q3 22	$68.9K	108
Q4 22	$66.9K	109
Q1 23	$76.4K	109
Q2 23	$82.3K	109
Q3 23	$83.9K	109
Q1 24	$100.2K	104
Q2 24	$107.1K	104
Q3 24	$114.8K	104
Q4 24	$108.9K	109
Q1 25	$113.0K	109
Q2 25	$112.5K	109
Q3 25	$108.4K	109
Q4 25	$117.3K	102
Q1 26	$119.0K	102
Q2 26	$116.6K	102

Revenue / Employee