COVINA, Calif., Feb. 4, 2013 (GLOBE NEWSWIRE) -- Simplicity Bancorp, Inc. (the "Company") (Nasdaq:SMPL), (formerly known as Kaiser Federal Financial Group, Inc.), the holding company for Simplicity Bank (the "Bank"), (formerly known as Kaiser Federal Bank), reported net income of $1.1 million, or $0.13 per diluted share for the quarter ended December 31, 2012 and $2.5 million, or $0.30 per diluted share for the six months then ended. This compares to net income of $2.0 million, or $0.22 per diluted share for the quarter ended December 31, 2011 and $4.1 million, or $0.45 per diluted share for the six months then ended. The decrease in net income for the quarter and six months ended December 31, 2012 was due primarily to an increase in noninterest expense and provision for loan losses, and a decrease in net interest income partially offset by an increase in noninterest income.
Simplicity Bancorp, Inc. Announces Second Quarter Earnings
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