Kentucky First Federal Bancorp

MARKET INFORMATION

The Company’s common stock began trading under the symbol “KFFB” on the Nasdaq National Market on March 3, 2005. There are currently 8,086,715 shares of common stock outstanding and approximately 473 holders of record of the common stock. Following are the high and low closing prices, by fiscal quarter, as reported on the Nasdaq National Market during the periods indicated, as well as dividends declared on the common stock during each quarter.

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TABLE OF CONTENTS

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Dear Shareholder:

We are pleased to present the 2026 Annual Report for Kentucky First Federal Bancorp and encourage you to read both the Annual Report and Proxy Statement. We also encourage you to vote and, if possible, attend our annual meeting on November 17, 2026, as we return to The Challenger Center on the campus of Hazard Community and Technical College for this year’s meeting. The location is One Community College Drive in Hazard, KY.

At our 2025 Annual Meeting of Shareholders we expressed our gratitude to you, our shareholders, for your patience and belief in a simple, timeless model: take care of your community, stay safe and sound, and good things follow. Good things indeed have followed that moment as we celebrate several milestones.

During the 2026 year our assets repriced favorably and our cost of funds continued to decline, which resulted in net interest margin of 3.07%. Non-interest income year-to-year increased nearly 26%, while non-interest expense increased only about 5% during the same timeframe.

The Office of the Comptroller of the Currency, the primary regulator of First Federal of Kentucky, terminated its formal agreement. We were pleased to have the Agreement terminated in less than 20 months and appreciated the recognition of our team’s achievements. We will continue the efforts which resulted in the termination of the agreement, which include for both banks the reduced reliance on non-core funding, diversification of our income streams, shifting more of our lending into the secondary market to reduce interest rate risk and increase non-interest income, and to equip the banks to compete in broader banking areas to include commercial lending, commercial deposits, and public deposits.

Our profitability improvement made it possible for us to return to a position to declare a dividend, which we deem to be very important. And finally, the share price increased from a low of $2.86 in the first quarter of the fiscal year to a high of $5.48 in the fourth quarter.

As always, we request that our shareholders remember that our banks would appreciate consideration for all of your loan and deposit needs.

Sincerely,

R. Clay Hulette

Chief Executive Officer