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Oakland Office: 3455 Forbes Avenue Pittsburgh , PA 15213 ● Phone: (412) 681-8400 ● Fax: (412) 681-6625
Shaler Office:
1626 Babcock Blvd
. Pittsburgh , PA 15209 ● Phone: (412) 821-4879 ● Fax: (412) 821-4817

Eureka Bank Press Releases

Click here for information about Eureka Financial Corporation Stock.

 

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.

 

EUREKA FINANCIAL CORPORATION

Selected Financial Data

(Dollars in thousands except per share data)

(Unaudited)

March 31,

September 30,

2008

2007

Total assets

$

99,703

$

100,483

Cash and investments

16,495

21,427

Loans receivable, net

79,761

76,027

Allowance for loan losses

(640)

(590)

Deposits

78,995

73,078

Total liabilities

81,620

80,506

Stockholders' equity

$

18,083

$

19,977

Nonaccrual loans

$

146

$

328

Repossessed real estate

0

25

Total nonperforming assets

$

146

$

353

Allowance for loan losses to nonperforming loans

438.36%

179.88%

Nonperforming loans to net loans

0.18%

0.43%

Nonperforming assets to total assets

0.15%

0.35%

Book value per share

$

14.57

$

16.16

Number of common shares outstanding

1,241,222

1,235,858

Three Months Ended

Six Months Ended

March 31,
(Unaudited)

March 31,
(Unaudited)

2008

2007

2008

2007

Interest income

$

1,551

$

1,476

$

3,106

$

2,935

Interest expense

746

703

1,531

1,394

Net interest income

805

773

1,575

1,541

Provision for loan losses

30

18

50

25

Net interest income after provision for loan losses

775

755

1,525

1,516

Noninterest income

22

22

52

45

Noninterest expense

615

533

1,219

1,022

Income before income taxes

182

244

358

539

Income tax expense

24

44

54

99

Net income

$

158

$

200

$

304

$

440

 

               

Information for inclusion in narrative:

Net Income

$

158,000

$

200,000

$

304,000

$

440,000

Earnings Per Share - Basic

$

0.13

$

0.16

$

0.25

$

0.36

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)

(Unaudited)

September 30,

September 30,

2007

2006

Total assets

$

100,674

$

96,478

Cash and investments

22,084

22,590

Loans receivable, net

75,388

70,817

Allowance for loan losses

(590)

(613)

Deposits

72,906

67,862

Total liabilities

80,509

76,040

Stockholders' equity

$

20,165

$

20,438


Nonaccrual loans

$

328

$

338

Repossessed real estate

25

400

Total nonperforming assets

$

353

$

738


Allowance for loan losses to nonperforming loans

179.88%

181.36%

Nonperforming loans to net loans

0.44%

0.48%

Nonperforming assets to total assets

0.35%

0.76%

Book value per share

$

16.32

$

16.62