Home Federal Bancorp, Inc. Announces Third Quarter Earnings

NAMPA, Idaho, July 15, 2008 (PRIME NEWSWIRE) -- Home Federal Bancorp, Inc. (the "Company") (Nasdaq:HOME), the parent company of Home Federal Bank (the "Bank"), today announced third quarter earnings for the fiscal year ending September 30, 2008. For the quarter ended June 30, 2008, the Company reported net income of $1.1 million, or $0.07 per diluted share compared to $1.6 million, or $0.09 per diluted share, for the same period a year ago. Net income for the nine months ended June 30, 2008, was $3.0 million, or $0.19 per diluted share, compared to $4.1 million, or $0.24 per diluted share, for the same nine-month period a year ago. Earnings per share for the prior periods have been adjusted to reflect the impact of the second-step conversion and reorganization of the Company, which was completed on December 19, 2007.... [read full story]