jefferson bancshares inc/tn (JFBI) Snapshot

Jefferson Bancshares Inc. announced earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported net interest income of $4,030,000 against $4,229,000 for the same period a year ago. Earnings before income taxes were $539,000 against $365,000 for the same period a year ago. Net earnings were $386,000 against $334,000 for the same period a year ago. Earnings per basic and diluted share were $0.06 against $0.05 for the same period a year ago. The decrease in net interest income is primarily due to lower average balances on loans, partially offset by lower average balances and lower rates on deposits. For the nine months, the company reported net interest income of $12,295,000 against $13,566,000 for the same period a year ago. Earnings before income taxes were $1,374,000 against loss before taxes of $6,905,000 for the same period a year ago. Net earnings were $1,029,000 against net loss of $4,291,000 for the same period a year ago. Earnings per basic and diluted share were $0.16 against loss per basic and diluted share of $0.69 for the same period a year ago. Book value per common share was $8.11 against $7.85 a year ago. Return on average assets was 0.27% against negative return on assets of 1.05% for the same period a year ago. Return on average equity was 2.56% against negative return on average equity of 10.44% for the same period a year ago. The company announced net charge-offs for the third quarter ended March 31, 2013. For the quarter, the company reported net charge-offs of $232,000 against $4,673,000 for the same period a year ago.

Jefferson Bancshares Inc. announced that they will report Q3, 2013 results on Apr 25, 2013

Jefferson Bancshares Inc. announced earnings results for the second quarter and six months ended December 31, 2012. For the quarter, the company reported net interest income of $4,142,000 against $4,572,000 for the same period a year ago. The decrease in net interest income is primarily due to lower average balances and lower yields on loans, partially offset by lower average balances and lower rates on deposits. Earnings before income taxes were $462,000 against loss before taxes of $5,632,000 for the same period a year ago. Net earnings were $348,000 against net loss of $3,367,000 for the same period a year ago. Earnings per basic and diluted share were $0.05 against loss per basic and diluted share of $0.59 for the same period a year ago. The improvement in net income is primarily due to a decrease in the provision for loan losses and a decrease in valuation adjustments and expenses on other real estate owned. For the six months, the company reported net interest income of $8,265,000 against $9,337,000 for the same period a year ago. Earnings before income taxes were $835,000 against loss before taxes of $7,270,000 for the same period a year ago. Net earnings were $643,000 against net loss of $4,625,000 for the same period a year ago. Earnings per basic and diluted share were $0.10 against loss per basic and diluted share of $0.74 for the same period a year ago. Book value per common share was $8.06. Return on average assets was 0.25% against negative return on assets of 1.69% for the same period a year ago. Return on average equity was 2.41% against negative return on average equity of 16.49% for the same period a year ago. The company announced net charge-offs for the second quarter ended December 31, 2012. For the quarter, the company reported net charge-offs of $359,000 against $5,011,000 for the same period a year ago.