December 19, 2014 3:19 PM ET

Thrifts and Mortgage Finance

Company Overview of Standard Financial Corp.

Company Overview

Standard Financial Corp. operates as the bank holding company for Standard Bank that provides various financial services to individuals, families, and businesses in Pennsylvania and Maryland. The company offers various deposit accounts, including savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, and individual retirement accounts. It provides one-to four-family residential mortgage loans, commercial real estate loans, home equity loans, lines of credit, and commercial business loans. The company also originates construction loans for rental properties, commercial buildings, and homes; and automobile loans, consumer loans, and loans se...

2640 Monroeville Boulevard

Monroeville, PA 15146

United States

Founded in 1913

Phone:

412-856-0363

Key Executives for Standard Financial Corp.

Chief Executive Officer
Age: 63
Total Annual Compensation: $344.6K
Chief Financial Officer
Age: 55
Total Annual Compensation: $179.8K
Chief Commercial Lending Officer
Age: 60
Total Annual Compensation: $119.6K
Compensation as of Fiscal Year 2013.

Standard Financial Corp. Key Developments

Standard Financial Corp. Declares Quarterly Cash Dividend, Payable on November 20, 2014; Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended September 30, 2014

Standard Financial Corp.’s board of directors increased the quarterly cash dividend to $0.06 per share of the company's common stock, which is a 33.3% increase from the previous quarter cash dividend. The dividend will be payable to stockholders of record as of November 6, 2014 and will be paid on November 20, 2014. The company announced unaudited earnings results for the fourth quarter and full year ended September 30, 2014. For the quarter, the company reported earnings of $853,000 or $0.33 per share compared to $685,000 or $0.24 per share for the quarter ended September 30, 2013. The company's annualized return on average assets and average equity were 0.77% and 4.64%, respectively compared to 0.63% and 3.66%, respectively, for the quarter ended September 30, 2013. Income before income tax expense was $1,219,000 against $938,000 for the same period in the last year. Net interest income was $3,013,000 against $2,930,000 for the same period in the last year, increased due to a slight improvement and stabilizing of the interest rate margin. For the year, net income was $3.2 million or $1.20 per share compared to $2.9 million or $0.97 per share for the twelve months ended September 30, 2013. The company's annualized return on average assets and average equity were 0.73% and 4.33%, respectively compared to 0.66% and 3.71%, respectively, for the twelve months ended September 30, 2013. Income before income tax expense was $4,422,000 against $3,859,000 for the same period in the last year. Net interest income was $11,762,000 against $11,917,000 for the same period in the last year.

Standard Financial Corp. Announces Quarterly Dividend, Payable on August 21, 2014

Standard Financial Corp.'s board of directors declared a quarterly cash dividend of $0.045 per share of the company's common stock. The dividend will be payable to stockholders of record as of August 7, 2014 and will be paid on August 21, 2014.

Standard Financial Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014

Standard Financial Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported net interest income of USD 2,939,000 against USD 2,913,000 a year ago. Net interest income after provision for loan losses was USD 2,939,000 against USD 2,913,000 a year ago. Income before income tax was USD 1,221,000 against USD 966,000 a year ago. Net income was USD 846,000 against USD 722,000 a year ago. Earnings per share - basic and diluted were USD 0.32 against USD 0.25 a year ago. Annualized return on average assets was 0.78% against 0.66% a year ago. Annualized return on average equity was 4.61% against 4.22% a year ago. For the nine months, the company reported net interest income of USD 8,750,000 against USD 8,987,000 a year ago. Net interest income after provision for loan losses was USD 8,750,000 against USD 8,612,000 a year ago. Income before income tax was USD 3,204,000 against USD 2,921,000 a year ago. Net income was USD 2,322,000 against USD 2,197,000 a year ago. Earnings per share - basic and diluted were USD 0.87 against USD 0.73 a year ago. Annualized return on average assets was 0.71% against 0.67% a year ago. Annualized return on average equity was 4.22% against 3.73% a year ago. Book value per share was USD 25.35 as on June 30, 2014 against USD 23.96 as on June 30, 2013. Tangible book value per share was USD 22.26 as on June 30, 2014 against USD 21.03 as on June 30, 2013.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
January 23, 2014
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