Home Federal Bancorp Results
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Home Federal Bancorp, Inc. (the "Company") (NASDAQ: HOME), the parent company of Home Federal Bank (the "Bank"), today reported net income of $1.8 million, or $0.12 per share, for the quarter ended June 30, 2005, compared to $1.3 million for the same period a year ago. Net income for the nine months ended June 30, 2005 was $3.5 million, or $0.24 per share, compared to $3.3 million for the same nine-month period a year ago. Results for the nine months ended June 30, 2005 include a $386,000 pre-tax gain on the sale of a former branch and a $1.8 million pre-tax expense for establishing the Home Federal Foundation, Inc. (the "Foundation"). Excluding the gain on the sale of the branch and the expense for establishing the Foundation, the Company had net income of $4.4 million, or $0.30 per share, for the nine months ended June 30, 2005.
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