| April 25, 2008
Contact:
Edward F. Seserko
President and CEO
(412) 681-8400
EUREKA FINANCIAL
CORP. ANNOUNCES EARNINGS
FOR THE THREE AND SIX MONTHS ENDED MARCH 31, 2008
Pittsburgh,
Pennsylvania – Eureka Financial Corp., (the "Company"), the
parent holding company for Eureka Bank, (the "Bank"),
Pittsburgh, Pennsylvania, announced earnings for the three and six
months ended March 31, 2008. For the three months ended March 31, 2008,
the Company earned $158,000, or $.12 diluted earnings per share, as
compared to earnings of $200,000 or $.16 diluted earnings per share, for
the three months ended March 31, 2007. For the six months ended March
31, 2008, the Company earned $304,000, or $.24 diluted earnings per
share, as compared to earnings of $440,000 or $.35 diluted earnings per
share, for the six months ended March 31, 2007.
The Bank, founded in
1886, is a federally chartered stock savings bank and operates two
offices in Pittsburgh. The Company’s common stock trades on the OTC
(Over the Counter Market) under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.
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EUREKA FINANCIAL
CORPORATION |
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Selected Financial
Data |
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(Dollars in
thousands except per share data) |
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(Unaudited) |
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March 31, |
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September 30, |
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2008 |
|
2007 |
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|
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|
|
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|
Total assets |
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|
$ |
99,703 |
$ |
100,483 |
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|
Cash and investments |
|
|
|
16,495 |
|
21,427 |
|
|
|
Loans receivable,
net |
|
|
|
79,761 |
|
76,027 |
|
|
|
Allowance for loan
losses |
|
|
|
(640) |
|
(590) |
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|
|
Deposits |
|
|
|
78,995 |
|
73,078 |
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|
|
Total liabilities |
|
|
|
81,620 |
|
80,506 |
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Stockholders' equity |
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|
$ |
18,083 |
$ |
19,977 |
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|
|
|
|
|
|
|
|
|
|
|
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Nonaccrual loans |
|
|
$ |
146 |
$ |
328 |
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|
|
Repossessed real
estate |
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|
|
0 |
|
25 |
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Total nonperforming
assets |
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|
$ |
146 |
$ |
353 |
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Allowance for loan
losses to nonperforming loans |
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|
438.36% |
|
179.88% |
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Nonperforming loans
to net loans |
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|
|
0.18% |
|
0.43% |
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Nonperforming assets
to total assets |
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0.15% |
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0.35% |
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Book value per share |
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$ |
14.57 |
$ |
16.16 |
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Number of common
shares outstanding |
|
|
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1,241,222 |
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1,235,858 |
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Three Months Ended |
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Six Months Ended |
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March 31,
(Unaudited) |
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March 31,
(Unaudited) |
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2008 |
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2007 |
|
2008 |
|
2007 |
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|
|
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|
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Interest income |
$ |
1,551 |
$ |
1,476 |
$ |
3,106 |
$ |
2,935 |
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Interest expense |
|
746 |
|
703 |
|
1,531 |
|
1,394 |
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Net interest income |
|
805 |
|
773 |
|
1,575 |
|
1,541 |
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Provision for loan
losses |
|
30 |
|
18 |
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50 |
|
25 |
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|
|
|
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Net interest income
after provision for loan losses |
|
775 |
|
755 |
|
1,525 |
|
1,516 |
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Noninterest income |
|
22 |
|
22 |
|
52 |
|
45 |
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Noninterest expense |
|
615 |
|
533 |
|
1,219 |
|
1,022 |
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|
|
|
|
|
|
|
|
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Income before income
taxes |
|
182 |
|
244 |
|
358 |
|
539 |
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Income tax expense |
|
24 |
|
44 |
|
54 |
|
99 |
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|
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Net income |
$ |
158 |
$ |
200 |
$ |
304 |
$ |
440 |
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Information for
inclusion in narrative: |
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Net Income |
$ |
158,000 |
$ |
200,000 |
$ |
304,000 |
$ |
440,000 |
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Earnings Per Share -
Basic |
$ |
0.13 |
$ |
0.16 |
$ |
0.25 |
$ |
0.36 |
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Earnings Per Share -
Diluted |
$ |
0.12 |
$ |
0.16 |
$ |
0.24 |
$ |
0.35 |

March 25, 2008
Contact: Gary B.
Pepper
Chief Financial Officer
(412) 681-8400
EUREKA FINANCIAL
CORP. ANNOUNCES
QUARTERLY CASH DIVIDEND
Pittsburgh,
Pennsylvania – March 25, 2008– Edward F. Seserko, President of
Eureka Financial Corp., Pittsburgh, Pennsylvania, announced today
that the Corporation’s Board of Directors approved a regular quarterly
cash dividend of $.35 per share. The $.35 cash dividend will be paid, on
or about April 30, 2008, to stockholders of record as of April 15, 2008.
Eureka Bank, founded in
1886, is a federally chartered stock savings bank and operates two
offices. Eureka Financial Corp’s common stock is traded on the OTC
(Over the Counter Market) under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.

December
19, 2007
Contact: Gary B.
Pepper
Chief Financial Officer
(412) 681-8400
EUREKA FINANCIAL CORP.
ANNOUNCES
QUARTERLY CASH DIVIDEND
Pittsburgh,
Pennsylvania – December 19, 2007– Edward F. Seserko, President of
Eureka Financial Corp., Pittsburgh, Pennsylvania, announced today
that the Corporation’s Board of Directors approved a regular quarterly
cash dividend of $.35 per share. The $.35 cash dividend will be paid to
stockholders of record as of January 15, 2008, on or about January 31,
2008. Eureka Financial Corp’s common stock is traded on the OTC (Over
the Counter Market) under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.

November
1, 2007
Contact: Edward F. Seserko
President and CEO
(412) 681-8400
EUREKA FINANCIAL CORP.
ANNOUNCES EARNINGS
FOR THE FOURTH QUARTER AND YEAR ENDED SEPTEMBER 30, 2007
Pittsburgh,
Pennsylvania – Eureka Financial Corp., (the "Company"), the
parent holding company for Eureka Bank, (the "Bank"),
Pittsburgh, Pennsylvania, today announced earnings for the fourth
quarter and year ended September 30, 2007. For the three months ended
September 30, 2007, the Company earned $146,000, or $0.12 diluted
earnings per share, as compared to earnings of $244,000, or $0.19
diluted earnings per share, for the three months ended September 30,
2006. For the fiscal year ended September 30, 2007, the Company earned
$755,000, or $0.60 diluted earnings per share, as compared to earnings
of $1.0 million, or $0.82 diluted earnings per share, for the fiscal
year ended September 30, 2006.
The earnings for the
fiscal year ended September 30, 2007, reflect an increase in interest
expense of approximately $550,000 from the fiscal year ended September
30, 2006. This market-driven expense compressed the Company’s margins,
which caused the decline in earnings for the fiscal year ended September
30, 2007.
The Bank, founded in
1886, is a federally chartered stock savings bank and operates one
office in the Oakland community of Pittsburgh. The Company’s common
stock trades in the over-the-counter market under the symbol "EKFC."
The foregoing material
may contain forward-looking statements concerning the financial
condition, results of operations and business of the Company. We caution
that such statements are subject to a number of uncertainties and actual
results could differ materially and, therefore, readers should not place
undue reliance on any forward-looking statements. The Company does not
undertake, and specifically disclaims, any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date of such statements.
|
EUREKA FINANCIAL CORPORATION
|
|
Selected Financial Data
|
|
(Dollars in thousands except per share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Unaudited)
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(Unaudited)
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|
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September 30,
|
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September 30,
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|
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2007
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2006
|
|
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|
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|
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|
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Total assets
|
|
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$
|
100,674
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$
|
96,478
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|
|
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Cash and investments
|
|
|
|
22,084 |
|
22,590
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|
|
|
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Loans receivable, net
|
|
|
|
75,388
|
|
70,817
|
|
|
|
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Allowance for loan losses
|
|
|
|
(590) |
|
(613)
|
|
|
|
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Deposits
|
|
|
|
72,906
|
|
67,862
|
|
|
|
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Total liabilities
|
|
|
|
80,509 |
|
76,040
|
|
|
|
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Stockholders' equity
|
|
|
$
|
20,165 |
$
|
20,438
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Nonaccrual loans
|
|
|
$
|
328 |
$
|
338
|
|
|
|
|
Repossessed real estate
|
|
|
|
25 |
|
400
|
|
|
|
|
Total nonperforming assets
|
|
|
$
|
353 |
$
|
738
|
|
|
|
|
|
|
|
|
|
|
|
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Allowance for loan losses to nonperforming loans
|
|
|
|
179.88%
|
|
181.36%
|
|
|
|
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Nonperforming loans to net loans
|
|
|
|
0.44%
|
|
0.48%
|
|
|
|
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Nonperforming assets to total assets
|
|
|
|
0.35%
|
|
0.76%
|
|
|
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Book value per share
|
|
|
$
|
16.32
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$
|
16.62 | |