This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Standard Financial Corp. Announces Quarterly Dividend Payment And Fourth Quarter And Fiscal Year Earnings

Stocks in this article: STND

MONROEVILLE, Pa., Oct. 18, 2012 (GLOBE NEWSWIRE) -- Standard Financial Corp. (the "Company") (Nasdaq:STND), the holding company for Standard Bank PaSB, today announced earnings for the quarter ended September 30, 2012 of $579,000 or $0.18 per share compared to $734,000 or $0.23 per share for the quarter ended September 30, 2011. The Company's annualized return on average assets and average equity were 0.52% and 2.89%, respectively, for the quarter ended September 30, 2012 compared to 0.67% and 3.77%, respectively, for the quarter ended September 30, 2011.

For the year ended September 30, 2012, net income was $3.0 million or $0.93 per share compared to $2.4 million or $0.76 per share for the year ended September 30, 2011. The $532,000 increase in net income for the year ended September 30, 2012 compared to the prior year was primarily due to a one-time $908,000 after tax expense for a contribution to Standard Charitable Foundation in the first quarter of fiscal 2011.  The Company's return on average assets and average equity were 0.67% and 3.73%, respectively, for the year ended September 30, 2012 compared to 0.56% and 3.18%, respectively, (0.76% and 4.38%, respectively, excluding the one-time charitable foundation contribution) for the year ended September 30, 2011.

The Company's board of directors declared a quarterly cash dividend of $.045 per share of the Company's common stock. The dividend will be payable to stockholders of record as of November 2, 2012 and will be paid on November 15, 2012.

Timothy K. Zimmerman, President & CEO, stated, "Our focus remains on the key elements that contribute to the maintenance of core operating earnings which include loan production, asset quality, expense control, effective management of interest rate risk and product pricing. Results for the 2012 fiscal year reflect encouraging signs in many of these areas with net loan growth despite continued high repayments, net deposit growth and improved non-performing loan ratios. Management of the interest rate margin is especially challenging in the continued unprecedented historical low interest rate environment."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs