If Bancorp, INC

Market Movers (8-K)

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IF Bancorp, Inc. has completed its merger with ServBanc Holdco, Inc., with shareholders receiving $26.40 cash per share plus potential contingent payment.
IF Bancorp, Inc. shareholders have approved the merger agreement with ServBanc Holdco, Inc., with the transaction expected to close on March 12, 2026.
IF Bancorp, Inc. announced increased net income for the second quarter and first six months of fiscal year 2026, with its merger with ServBanc Holdco, Inc. progressing as planned.
Better than expected
IF Bancorp, Inc. has filed supplemental disclosures to its merger proxy statement following shareholder lawsuits alleging misleading information and to avoid potential delays in its acquisition by ServBanc Holdco, Inc.
Delay expected
IF Bancorp and ServBanc Holdco announced receipt of all regulatory approvals for their pending merger, with completion expected in Q1 2026 pending shareholder vote.
IF Bancorp, Inc. reported a significant increase in net income for the first quarter of fiscal year 2026, driven by expanded net interest margin and reduced interest expense.
Better than expected

Quarterly Earnings (10-Q)

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IF Bancorp, Inc. announced increased net income for the six months ended December 31, 2025, driven by improved net interest income, while also disclosing a pending all-cash merger with ServBanc Holdco, Inc. valued at $89.8 million.
Worse than expected
Delay expected
IF Bancorp, Inc. reported a significant increase in net income for the first fiscal quarter of 2026, alongside the announcement of a definitive merger agreement with ServBanc Holdco, Inc.
Better than expected
IF Bancorp's Q3 2025 results show an increase in net income driven by higher net interest income and noninterest income, despite a decrease in total assets and a shift in deposit composition.
Better than expected
IF Bancorp, Inc. reports a net income increase for the six months ended December 31, 2024, driven by higher net interest income and noninterest income.
Better than expected
IF Bancorp's Q1 2025 earnings increased due to higher net interest income and noninterest income, despite increased expenses and credit loss provisions.
Better than expected
IF Bancorp's Q3 2024 results show a decrease in net income despite loan growth, due to a compression in net interest margin and increased interest expenses.
Worse than expected

Annual Reports (10-K)

IF Bancorp, Inc. filed an amendment to its annual report to provide detailed information on directors, executive compensation, and corporate governance for the fiscal year ended June 30, 2025.
Delay expected
IF Bancorp, Inc. announced a significant increase in net income for fiscal year 2025, driven by improved net interest income and reduced credit loss provisions.
Better than expected
IF Bancorp's 10-K filing provides a comprehensive overview of its financial condition, business operations, and risk factors, highlighting its focus on commercial lending and regulatory compliance.
Worse than expected

Insider Trading (Form 4)

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IF Bancorp Director Joseph A. Cowan disposed of all 27,800 common shares following the company's merger with ServBanc Holdco, Inc. for $26.40 cash per share.
IF Bancorp Director Wayne A. Lehmann reported the disposition of 21,800 common shares following the company's merger with ServBanc Holdco, Inc., receiving $26.40 cash per share.
IF Bancorp Director Alan D. Martin disposed of all his common stock holdings, totaling 45,093 shares, as part of the merger with ServBanc Holdco, Inc. for $26.40 cash per share.
IF Bancorp's President and CEO, Walter H. Hasselbring III, reported the disposition of 69,772 shares of common stock following the company's merger with ServBanc Holdco, Inc. for $26.40 cash per share.
Pamela J. Verkler, SEVP, CFO, and Treasurer of IF Bancorp, Inc., disposed of all her beneficial ownership in the company's common stock following its merger.
Scott J. Dworschak, a director at IF Bancorp, Inc., has indicated he is no longer subject to Section 16 reporting obligations.

Proxy Statements (Def-14A)

IF Bancorp, Inc. is providing supplemental disclosures to its merger proxy statement with ServBanc Holdco, Inc. following shareholder lawsuits alleging misleading information, while denying any wrongdoing.
Delay expected
IF Bancorp, Inc. shareholders are invited to a special meeting on February 3, 2026, to vote on a merger with ServBanc Holdco, Inc., offering $27.20 cash per share.
Better than expected
Delay expected
ServBanc Holdco, Inc. will acquire IF Bancorp, Inc. in an all-cash transaction valued at approximately $89.8 million, or $27.20 per share, subject to adjustments.
Delay expected
IF Bancorp, Inc. will hold its annual stockholder meeting on November 25, 2024, to elect directors, ratify the selection of the accounting firm, vote on executive compensation, and consider a stockholder proposal to sell the company.

Schedule 13D - Activist Investments

Activist investor Stilwell Group has sold its entire stake in IF Bancorp, Inc. following the company's announced merger, which the group actively advocated for.
Better than expected
Stilwell Activist Fund reports selling shares of IF Bancorp following the Issuer's announced sale, expressing support for the transaction.
Better than expected
Stilwell Activist Fund has reached a standstill agreement with IF Bancorp, Inc., securing a board seat and advancing its proposal for the company's prompt sale.
Activist investor Stilwell Group announces intent to nominate two directors to IF Bancorp's board, pushing for a company sale to maximize shareholder value.
Worse than expected

Schedule 13G - Passive Investments

Iroquois Federal Foundation, Inc. reported beneficial ownership of 5.9% of IF Bancorp, Inc.'s common stock as of December 31, 2025.
The Iroquois Federal Savings & Loan Association Employee Stock Ownership Plan Trust reported a 9.1% beneficial ownership stake in IF Bancorp, Inc. as of December 31, 2025.
The Iroquois Federal Savings & Loan Association Employee Stock Ownership Plan Trust has disclosed a 9.5% beneficial ownership stake in IF Bancorp, Inc., as of December 31, 2024.
Iroquois Federal Foundation, Inc. has filed a Schedule 13G, reporting a 6.1% beneficial ownership stake in IF Bancorp, Inc. as of December 31, 2024.