Omniamerican Bancorp, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net income of $1.9 million, an increase of $1.1 million or 140.7% over the net income for the first quarter of 2012 of $803,000. On a per-share basis, first quarter 2013 earnings were $0.18 per diluted share, an increase of $0.10 or 125.0% compared to $0.08 per diluted share reported in the first quarter of 2012. Annualized returns on average stockholders' equity and average assets were 3.75% and 0.61%, respectively, compared to 1.60% and 0.24% for the first quarter of 2012. The primary contributors to the increase in net income for the quarter ended March 31, 2013 compared to the quarter ended March 31, 2012 were an increase in noninterest income of $2.4 million and a decrease in the provision for loan losses of $900,000. The increase in noninterest income was primarily due to a $1.7 million increase in gains on sales of investments and a $467,000 increase in gains on sales of loans. The decrease in the provision for loan losses were primarily due to a $1.1 million decrease in net charge-offs. The increases in net income were partially offset by a decrease in net interest income of $1.0 million and an increase in income tax expense of $708,000. Net interest income decreased $1.0 million or 10.0% to $9.0 million for the quarter ended March 31, 2013 from $10.0 million for the quarter ended March 31, 2012, primarily due to a decrease in the average yield on interest-earning assets, partially offset by a decrease in the average balance and average rates of interest-bearing liabilities. Total interest income decreased $2.0 million or 15.3% to $11.1 million for the three months ended March 31, 2013 from $13.1 million for the three months ended March 31, 2012, primarily due to a 35 basis point decrease in the average yield on interest-earning assets and a 7.5% decrease in the average balance of interest-earning assets. Income before income tax expense was $3.02 million compared to $1.2 million reported a year ago. Book value per share was $18.01 compared to $17.96 as at December 31, 2012. Net charge-offs decreased $1.1 million, to $478,000 or 0.26% of average loans outstanding, for the three months ended March 31, 2013 from $1.6 million, or 0.89% of average loans outstanding, for the three months ended March 31, 2012.

Omniamerican Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported total interest income of $11,558,000 compared to $13,111,000 a year ago. Net interest income was $9,326,000 compared to $9,903,000 a year ago. Income before income tax expense was $1,854,000 compared to $1,911,000 a year ago. Net income was $1,159,000 or $0.11 per basic and diluted share compared to $1,198,000 or $0.12 per basic and diluted share a year ago. Book value per share was $17.96 compared to $17.59 a year ago. Return on average assets was 0.36% compared to 0.37% a year ago. Return on average equity was 2.25% compared to 2.38% a year ago. For the year, the company reported total interest income of $50,028,000 compared to $53,781,000 a year ago. Net interest income was $39,184,000 compared to $40,714,000 a year ago. Income before income tax expense was $8,576,000 compared to $5,811,000 a year ago. Net income was $5,698,000 or $0.55 per basic and diluted share compared to $3,967,000 or $0.37 per basic and diluted share a year ago. The primary contributors to the increase in net income for the year ended December 31, 2012 compared to the prior year were an increase in noninterest income of $2.6 million and a decrease in the provision for loan losses of $1.3 million.

Omniamerican Bancorp, Inc. announced that they will report Q4, 2012 results on Feb 28, 2013