Charter Financial Corporation announced unaudited earnings results for the second quarter and six months ended March 31, 2013. For the quarter, the company reported net income of $1.4 million, or $0.07 per basic and diluted share, for the quarter ended March 31, 2013, compared with $1.3 million, or $0.06 per basic and diluted share, for the quarter ended March 31, 2012. The $123,000 increase in net income for the quarter was the result of lower loan loss provision expense, higher noninterest income and lower noninterest expense, reduced by lower net interest income. Net interest income decreased to $9.1 million for the quarter ended March 31, 2013, from $9.8 million for the quarter ended March 31, 2012. Total interest income decreased to $11.0 million for the quarter ended March 31, 2013, compared to $12.6 million for the same quarter last year as a result of lower yields on loans and a decrease in the average loan balances. Income before income taxes was $2.0 million compared to $1.8 million a year ago. Return on equity was 3.83% against 3.68% a year ago. Return on assets was 0.54% against 0.46% a year ago. For the six months, the company reported net income of $3.7 million or $0.19 per basic and diluted share compared with $1.7 million or $0.09 per basic and diluted share for the six months ended March 31, 2012. The improvement in net income occurred notwithstanding $1.2 million in write-downs on real estate owned and $468,000 in a write-down on assets held for sale, which is included in noninterest expense for the period. Net interest income was $18.1 million against $18.9 million for the same period in 2012. Total interest income decreased to $22.0 million compared to $25.1 million for the same period in 2012. Income before income taxes was $5.6 million compared to $2.4 million or the same period in 2012. Return on equity was 5.16% against 2.53% or the same period in 2012. Return on assets was 0.73% against 0.31% for the same period in 2012. Book value per share as at March 31, 2013 was $8.12 against $7.68 for the same period in 2012. Tangible book value per share as at March 31, 2013 was $7.82 against $7.35 for the same period in 2012. The company reported net charge-offs of $136,000 for the quarter ended March 31, 2013 compared to $595,00 for the last year.

Charter Financial Corporation announced that its board of directors has declared a quarterly cash dividend of five cents per share. The dividend is payable on May 30, 2013, to stockholders of record as of May 15, 2013.

Charter Financial Corporation Presents at 18th Annual Gulf South Bank Conference, May-15-2013 10:00 AM. Venue: The Ritz-Carlton Hotel, 921 Canal Street, New Orleans, LA 70112, United States.