Last $10.78 USD
Change Today +0.07 / 0.65%
Volume 5.2K
CHFN On Other Exchanges
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NASDAQ CM
As of 11:09 AM 10/2/14 All times are local (Market data is delayed by at least 15 minutes).

charter financial corp (CHFN) Key Developments

Charter Financial Corporation Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014

Charter Financial Corporation Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014 . Venue: Four Seasons, Atlanta, Georgia, United States.

Charter Financial Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014

Charter Financial Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported net income of $1.8 million, or $0.09 per basic and diluted share, for the quarter ended June 30, 2014, compared with $1.6 million, or $0.07 per basic and diluted share, for the quarter ended June 30, 2013. The increase in net income was primarily attributable to an $834,000 negative loan loss provision on covered loans related to improved credit quality and workout experience, along with the absence of a non-covered loan loss provision in the 2014 third quarter versus $500,000 in the prior year quarter and a $573,000 increase in noninterest income. The increase was partially offset by a decline in net interest income of $1.3 million for the quarter ended June 30, 2014. Net interest income was $7,620,944,000 against $8,910,553,000 a year ago. Income before income taxes was $2,655,294,000 against $2,267,462,000 a year ago. Book value per share was $12.20 against $12.27 a year ago. Tangible book value per share was $11.95 against $12.04 a year ago. Return on equity was 2.71% against 2.38% a year ago. For the nine months, the company reported net income of $4.9 million, or $0.23 and $0.22 per basic and diluted share, respectively, compared with $5.3 million, or $0.26 per basic and diluted share, for the nine months ended June 30, 2013. The decrease in net income and earnings per share for the nine months ended June 30, 2014, was primarily the result of lower net purchase discount accretion, partially offset by reduced provision for loan losses due to improved credit quality and higher noninterest income. Net interest income was $22,835,672,000 against $27,011,573,000 a year ago. Income before income taxes was $7,174,350,000 against $7,822,737,000 a year ago. Return on equity was 2.42% against 3.81% a year ago.

Charter Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on August 28, 2014

Charter Financial Corporation announced that its board of directors has declared a regular quarterly cash dividend of $0.05 per share. The dividend is payable on August 28, 2014, to stockholders of record as of August 15, 2014.

Charter Financial Corporation Presents at KBW's 15th Annual Community Bank Investor Conference, Jul-29-2014

Charter Financial Corporation Presents at KBW's 15th Annual Community Bank Investor Conference, Jul-29-2014 . Venue: The Grand Hyatt Grand Central, New York, New York, United States. Speakers: Curtis R. Kollar, Chief Financial Officer, Principal Accounting Officer, Senior Vice President, Treasurer, Chief Financial Officer of Charter Bank, Vice President of Charter Bank and Treasurer of Charter Bank, Robert Lee Johnson, Chairman, Chief Executive Officer and President.

Charter Financial Corporation Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended March 31, 2014; Announces Net Loan Charge-Offs

Charter Financial Corporation reported unaudited earnings results for the second quarter and six months ended March 31, 2014. The company reported net income of $1.5 million, or $0.07 per basic and diluted share, for the quarter ended March 31, 2014, compared with $1.4 million, or $0.07 per basic and diluted share, for the quarter ended March 31, 2013. The slight increase in net income for the quarter was primarily the result of a decrease in noninterest expense and lower loan loss provision on non-covered loans, partially offset by a decrease in net interest income. Net interest income decreased to $7.5 million for the quarter ended March 31, 2014, from $9.1 million for the quarter ended March 31, 2013. Income before income taxes was $2,184,000 against $2,066,000 a year ago. Book Value per Share was $11.96 against $11.88 a year ago. Return on Equity was 2.19% against 3.83% for the same period a year ago. Return on assets was 0.55% against 0.54% for the same period a year ago. Net income for the six months ended March 31, 2014, was $3.1 million, or $0.14 per basic and diluted share, compared with $3.7 million, or $0.19 per basic and diluted share, for the six months ended March 31, 2013. The decrease in net income and earnings per share for the six months ended March 31, 2014, was the result of lower net interest income, partially offset by higher noninterest income. Net interest income was $15,215,000 against $18,101,000 a year ago. Income before income taxes was $4,519,000 against $5,555,000 a year ago. Book Value per Share was $12.03 against $7.46 a year ago. Return on Equity was 2.29% against 5.16% for the same period a year ago. Return on assets was 0.58% against 0.73% for the same period a year ago. The company had net loan charge-offs of $64,000 on non-covered loans for the three months ended March 31, 2014, compared to net loan charge-offs of $137,000 on non-covered loans for the same period in 2013.

 

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CHFN

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Valuation CHFN Industry Range
Price/Earnings 40.5x
Price/Sales 5.0x
Price/Book 0.9x
Price/Cash Flow 35.4x
TEV/Sales 0.1x
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