HFBL — what changed in the latest 10-Q
A section-by-section comparison of HFBL's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-14 vs the prior 10-Q · 2026-02-12
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +6 | −5 | ~21 | 19 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-14
The increase in net income for the three months ended March 31, 2026, as compared to the same period in 2025, resulted from an increase of $733,000, or 15.7%, in net interest income, a decrease of $282,000, or 6.6%, in non-interest expense, and an increase of $83,000, or 15.4%, in non-interest incom…
The $282,000 decrease in non-interest expense for the three months ended March 31, 2026, compared to the same period in 2025, resulted from decreases of $203,000 in data processing, $37,000 in audit and examination fees, $27,000 in other expenses, $15,000 in franchise and bank shares tax, $13,000 in…
The Louisiana bank shares tax is assessed on the Bank’s equity and earnings. For the three months ended March 31, 2026, the Company recognized franchise and bank shares tax expense of $120,000 compared to $135,000, for the same period in 2025. For the nine months ended March 31, 2026, the Company re…
There was an income tax expense of $318,000 and $1.174 million for the three and six months ended March 31, 2026, respectively, resulting in an effective tax rate of 17.77% and 19.83%, respectively. There was an income tax expense of $207,000 and $392,000 for the three and six months ended March 31,…
Average Balances, Net Interest Income, Yields Earned, and Rates Paid
Text removed vs the prior filing · source: 10-Q · 2026-02-12
The increase in net income for the three months ended December 31, 2025, as compared to the same period in 2024, primarily resulted from an increase of $777,000, or 16.9%, in net interest income, an increase of $150,000, or 30.7%, in non-interest income, and a decrease of $43,000, or 1.1%, in non-in…
The $43,000 decrease in non-interest expense for the three months ended December 31, 2025, compared to the same period in 2024, resulted from decreases of $128,000 in compensation and benefits expense, $81,000 in audit and examination fees, $20,000 in advertising expense, $18,000 in data processing …
The Louisiana bank shares tax is assessed on the Bank’s equity and earnings. For the three months ended December 31, 2025, the Company recognized franchise and bank shares tax expense of $54,000 compared to $1,000, for the same period in 2024. For the six months ended December 31, 2025, the Company …
There was an income tax expense of $438,000 and $856,000 for the three and six months ended December 31, 2025, respectively, resulting in an effective tax rate of 20.7%, for both periods. There was an income tax expense of $187,000 and $185,000 for the three and six months ended December 31, 2024, r…
Average Balances, Net Interest Income, Yields Earned, and Rates Paid. The following tables show for the periods indicated the total dollar amount of interest from average interest-earning assets and the resulting yields, as well as the interest expense on average interest-bearing liabilities, expres…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice