February 20, 2017 4:15 AM ET

Thrifts and Mortgage Finance

Company Overview of Standard Financial Corp.

Company Overview

Standard Financial Corp. operates as a holding company for Standard Bank, PaSB that provides various banking products and services. The company offers savings, money market, commercial and regular checking, individual retirement, demand, and time deposit accounts, as well as certificates of deposits. It also provides loan products, including one-to-four family residential mortgage loans; commercial real estate loans; home equity loans and lines of credit; commercial business loans; construction loans; and other loans, such as automobile loans, consumer loans, and loans secured by savings accounts. In addition, the company offers investment securities and wealth management services. It serves...

4785 Old William Penn Highway

Murrysville, PA 15668

United States

Founded in 1913

85 Employees

Phone:

724-327-0010

Key Executives for Standard Financial Corp.

Chief Executive Officer, President, Director, Chief Executive Officer of Standard Bank, President of Standard Bank and Director of Standard Bank
Age: 65
Total Annual Compensation: $380.4K
Chief Financial Officer, Senior Vice President, Controller, Chief Financial Officer of Standard Bank, Controller of Standard Bank and Senior Vice President of Standard Bank
Age: 53
Total Annual Compensation: $122.5K
Chief Commercial Lending Officer, Senior Vice President, Chief Commercial Lending Officer of Standard Bank and Senior Vice President of Standard Bank
Age: 62
Total Annual Compensation: $125.5K
Compensation as of Fiscal Year 2016.

Standard Financial Corp. Key Developments

Standard Financial Corp. Announces Quarterly Cash Dividend, Payable on February 16, 2017

Standard Financial Corp.'s board of directors declared a quarterly cash dividend to $0.11 per share of the company's common stock. The dividend will be payable to stockholders of record as of February 2, 2017 and will be paid on February 16, 2017.

Standard Financial Corp. Announces Unaudited Earnings for the First Quarter Ended December 31, 2016

Standard Financial Corp. announced unaudited earnings for the first quarter ended December 31, 2016. For the quarter, the company reported net income of $0.6 million or $0.23 per basic and diluted share compared to $0.9 million or $0.33 per diluted share a year ago. Income before income tax expense was $0.953 million against $1.24 million a year ago. Book value per share was $28.00 against $28.24 a year ago. Tangible book value per share was $24.64 against $24.85 a year ago. Net income for the first quarter was significantly impacted by merger related expenses of $307,000 ($288,000 after tax) in connection with the pending merger with Allegheny Valley Bancorp Inc.  Excluding the after tax impact of the merger related expenses, net income would have been $847,000 or $0.35 per share for the quarter ended December 31, 2016 compared to $866,000 or $0.34 per share for the quarter ended December 31, 2015.  The company's annualized return on average assets and average equity were 0.46% and 3.06%, respectively, (0.69% and 4.64%, respectively, excluding the merger related expenses) for the quarter ended December 31, 2016 compared to 0.74% and 4.63%, respectively, for the quarter ended December 31, 2015. Net interest income was $3.2 million for the three months ended December 31, 2016 and 2015, respectively. A higher average balance of loans was slightly offset by a decrease in the yield on assets.

Standard Financial Corp. Announces Unaudited Earnings for the Fourth Quarter and Full Year Ended September 30, 2016

Standard Financial Corp. announced unaudited earnings for the fourth quarter and full year ended September 30, 2016. The company reported earnings for the quarter ended September 30, 2016 of $401,000 or $0.16 per diluted share compared to $968,000 or $0.38 per diluted share a year ago.  Net income for the fourth quarter was significantly impacted by merger related expenses of $709,000 ($468,000 after tax) in connection with the pending merger with Allegheny Valley Bancorp Inc.  Excluding the after tax impact of the merger related expenses, operating income would have been $869,000 or $0.37 per share for the quarter ended September 30, 2016 compared to $968,000 or $0.38 per share for the quarter ended September 30, 2015.  The Company's annualized return on average assets and average equity were 0.33% and 2.19%, respectively, (0.71% and 4.75%, respectively, excluding the merger related expenses) for the quarter ended September 30, 2016 compared to 0.83% and 5.21%, respectively, for the quarter ended September 30, 2015. Net interest income was $3.187 million against $3.148 million a year ago. Income before income tax expense was $0.472 million against $1.417 million a year ago. For the twelve months ended September 30, 2016, net income was $3.0 million or $1.22 per diluted share compared to $3.5 million or $1.37 per diluted share for the twelve months ended September 30, 2015.  Excluding the after tax impact of merger related expenses, operating earnings would have been $3.5 million or $1.45 per share compared to $3.5 million or $1.40 per share for the twelve months ended September 30, 2015.  The company's annualized return on average assets and average equity were 0.64% and 4.14%, respectively, (0.73% and 4.78%, respectively, excluding the merger related expenses) for the twelve months ended September 30, 2016 compared to 0.77% and 4.76%, respectively, for the twelve months ended September 30, 2015. Net interest income was $12.630 million against $12.474 million a year ago. Income before income tax expense was $4.227 million against $5.005 million a year ago. Book value per share was $28.31 against $27.24 a year ago.

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