CHEV Cheviot Financial Corp featured news, full reports, and detailed charts
Cheviot Financial Corp (CHEV) Wrap Up:
This Annual Report contains certain “forward-looking statements” which may be identified by the use of words such as “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated” and “potential.” Examples of forward-looking statements include, but are not limited to, estimates with respect to our financial condition, results of operations and business that are subject to various factors which could cause actual results to differ materially from these estimates and most other statements that are not historical in nature. These factors include, but are not limited to, general and local economic conditions, changes in interest rates, deposit flows, demand for mortgage, commercial and other loans, real estate values, competition, changes in accounting principles, policies, or guidelines, changes in legislation or regulation, and other economic, competitive, governmental, regulatory, and technological factors affecting our operations, pricing products and services. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f03%2f30%2f0001188112-07-000893.html#FIS_BUSINESS"Cheviot Financial Corp. (CHEV:NASDAQ)
Snapshot of Cheviot Financial Corp. (CHEV)
|
OPEN
$7.15
|
PREVIOUS CLOSE
$7.17
|
|
|
DAY HIGH
$7.42
|
DAY LOW
$7.00
|
|
|
52 WEEK HIGH
06/12/09 - $9.80
|
52 WEEK LOW
12/23/08 - $5.15
|
|
|
MARKET CAP
65.0M
|
AVERAGE VOLUME 3 mo
11.6K
|
|
|
DILUTED EPS TTM
$0.14
|
SHARES OUTSTANDING
8.9M
|
|
|
EX-DATE
09/11/09
|
P/E TTM
54.0x
|
|
|
DIVIDEND
$0.40
|
DIVIDEND YIELD
5.46%
|
|
| K = Thousands M = Millions B = Billions | ||
CHEV Top Compensated Officers
Executives, Board Directors
Key developments for Cheviot Financial Corp. (CHEV)
Cheviot Financial Corp. announced consolidated unaudited earnings results for third quarter and nine months ended Sept. 30, 2009. For the quarter, the company reported net earnings of $241,000 or $0.03 cents per share, compared with net earnings of $451,000, or $0.05 cents per share for the third fiscal quarter of 2008. The $210,000 decrease in 2009 third quarter net earnings is due primarily to an $87,000 decrease in net interest income and a $226,000 increase in the provision for losses on loans, which was partially offset by an increase in other income of $33,000, a decrease of $7,000 in general, administrative and other expenses and a decrease in the provision for federal income taxes of $63,000. Net interest income was $2,490,000 and earnings before federal income taxes were $435,000 compared to net interest income of $2,577,000 and earnings before federal income taxes of $708,000 for the same period a year ago. For the nine months, the company reported net earnings totaled $758,000, or $0.09 per share, compared with net earnings of $994,000, or $0.11 per share for the comparable nine month period in 2008. For the first nine months of 2009, the company's decrease in earnings generally reflected an increase of $390,000 in the provision for losses on loans and a $515,000 increase in general, administrative and other expenses, which was partially offset by an increase of $330,000 in net interest income, an increase of $291,000 in other income and a decrease of $48,000 in the provision for federal income taxes. Net interest income was $7,363,000 and earnings before federal income taxes were $1,168,000 compared to net interest income of $7,033,000 and earnings before federal income taxes of $1,452,000, for the same period a year ago.
Cheviot Financial Corp. has declared its dividend for the third quarter of 2009. The company will pay a dividend of $0.10 per share to stockholders of record September 15, 2009. The dividend will be paid September 30, 2009.
Cheviot Financial Corp. reported unaudited condensed consolidated earnings results for the second quarter and six months ended June 30, 2009. The company reported net earnings in the second fiscal quarter of 2009 of $225,000 or $0.03 cents per basic and diluted share compared with net earnings of $446,000 or $0.05 cents per basic and diluted share for the second fiscal quarter of 2008. The quarter-over-quarter decrease in net earnings reflects a $350,000 increase in general, administrative and other expenses and an increase in the provision for losses on loans of $90,000, which was partially offset by an increase of $76,000 in net interest income, a $90,000 increase in other income and a decrease of $53,000 in the provision for federal income taxes. The company reported earnings before income taxes of $334,000, net interest income of $2,387,000 and total interest income of $4,105,000 against earnings before income taxes of $608,000, net interest income of $2,311,000 and total interest income of $4,420,000 for the same period a year ago. For the six months ended June 30, 2009 net earnings totaled $518,000 or $0.06 cents per basic and diluted share compared with net earnings of $543,000 or $0.06 cents per basic and diluted share for the six months ended June 30, 2008. For the first six months of 2009, the company's decrease in earnings generally reflected an increase of $522,000 in general, administrative and other expenses, an increase of $164,000 in the provision for losses on loans, as well as a $15,000 increase in the provision for federal income taxes, which were partially offset by a $417,000 increase in net interest income and a $259,000 increase in other income. The company reported earnings before income taxes of $734,000, net interest income of $4,873,000 and total interest income of $8,437,000 against earnings before income taxes of $744,000, net interest income of $4,456,000 and total interest income of $8,951,000 for the same period a year ago.
CHEV Competitors
| Company | Last | Change |
| Jacksonville Bancorp Inc | $8.85 USD | -0.25 |
| LaPorte Bancorp Inc | $4.90 USD | 0.00 |
| MSB Financial Corp | $8.40 USD | 0.00 |
| United Community Bancorp | $6.55 USD | -0.17 |
| William Penn Bancorp Inc | $13.50 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | CHEV | Industry Range |
| Price/Earnings | 54.1x |
|
| Price/Sales | 6.6x |
|
| Price/Book | 0.9x |
|
| Price/Cash Flow | 55.1x |
|
| TEV/Sales | 1.5x |
|
|
CHEV |
||
CHEV transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent News About Cheviot Financial Corp
More news for CHEV
CHEVIOT FINANCIAL CORP Files SEC form 8-K, Entry into a Material Definitive Agreement
Show all filings for CHEVIOT FINANCIAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for CHEVIOT FINANCIAL CORP 20-May-2009Entry into a Material Definitive Agreement Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational pu...Click here to read the whole Article (external link)
CHEVIOT FINANCIAL CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward Looking Statements This report on Form 10-Q contains forward-looking statements, which can be identified by the use of such words as estimate, project, believe, intend, anticipate, plan, seek, expect and similar expressions. These forward-looking statements are subject to significant risks, assumptions and uncertainties that could affect the actual outcome of future events. Because of these uncertainties, our actual future results may be materially different from the results indicated by these forward-looking statements. Critical Accounting Policies We consider accounting policies involving significant judgments and assumptions by management that have, or could have, a material impact on the carrying value of certain assets or on income to be critical accounting policies. We consider the accounting method used for the allowance for loan losses to be a critical accounting policy. The allowance for loan losses is the estimated amount considered necessary to cover inherent, but unconfirmed credit losses in the loan portfolio at the balance sheet date. The allowance is established through the provision for losses on loans which is charged against income. In determining the allowance for loan losses, management makes significant estimates and has identified this policy as one of the most critical for Cheviot Financial. Management performs a quarterly evaluation of the allowance for loan losses. Consideration is given to a variety of factors in establishing this estimate including, but not limited to, current economic conditions, delinquency statistics, geographic and industry concentrations, the adequacy of the underlining collateral, the financial strength of the borrower, results of internal loan reviews a...Click here to read the whole Article (external link)
Cheviot Financial Corp. Reports Second-Quarter Earnings
CINCINNATI, July 29, 2009 (GLOBE NEWSWIRE) -- Cheviot Financial Corp. (Nasdaq:CHEV - News), the parent company of Cheviot Savings Bank, today reported net earnings in the second fiscal quarter of 2009 of $225,000, or $0.03 cents per share compared with net earnings of $446,000, or $0.05 cents per share for the second fiscal quarter of 2008. For the six months ended June 30, 2009 net earnings totaled $518,000, or $0.06 cents per share compared with net earnings of $543,000, or $0.06 cents per share for the six months ended June 30, 2008. The earnings per share for the six and three months ended June 30, 2009 were based on weighted average shares outstanding of 8,692,768 and 8,691,585 as compared with weighted average shares outstanding of 8,702,161 and 8,677,852 for the comparable 2008 periods. The quarter-over-quarter decrease in net earnings reflects a $350,000 increase in general, administrative and other expenses and an increase in the provision for losses on loans of $90,000, which was partially offset by an increase of $76,000 in net interest income, a $90,000 increase in other income and a decrease of $53,000 in the provision for federal income taxes. The increase in general, administrative and other expenses includes the Federal Deposit Insurance Corporation special assessment during the second quarter which totaled approximately $140,000. For the first six months of 2009, the Company's decrease in earnings generally reflected an increase of $522,000 in general, administrative and other expenses, an increase...Click here to read the whole Article (external link)
CHEVIOT FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Ex
Show all filings for CHEVIOT FINANCIAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for CHEVIOT FINANCIAL CORP 29-Jul-2009Results of Operations and Financial Condition, Financial Statements and Ex Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information p...Click here to read the whole Article (external link)
CHEVIOT FINANCIAL CORP Financials
PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue4,377 4,583 4,694 4,721 Cost of Revenue1,262 1,374 1,466 1,512 Gross Profit3,115 3,209 3,228 3,209 Operating ExpensesResearch Development - - - - Selling General and Administrative2,181 1,980 1,910 1,891 Non Recurring49 - 15 48 Others95 357 255 82 Total Operating Expenses - - - - Operating Income or Loss790 872 1,048 1,188 Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes790 872 1,048 1,188 Interest Expense457 471 492 480 Income Before Tax333 401 556 708 Income Tax Expense108 108 134 257 Minority Interest - - - - Net Income From Continuing Ops225 293 422 451 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - &n...Click here to read the whole Article (external link)
CHEVIOT FINANCIAL CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward Looking Statements This report on Form 10-Q contains forward-looking statements, which can be identified by the use of such words as estimate, project, believe, intend, anticipate, plan, seek, expect and similar expressions. These forward-looking statements are subject to significant risks, assumptions and uncertainties that could affect the actual outcome of future events. Because of these uncertainties, our actual future results may be materially different from the results indicated by these forward-looking statements. Critical Accounting Policies We consider accounting policies involving significant judgments and assumptions by management that have, or could have, a material impact on the carrying value of certain assets or on income to be critical accounting policies. We consider the accounting method used for the allowance for loan losses to be a critical accounting policy. The allowance for loan losses is the estimated amount considered necessary to cover inherent, but unconfirmed credit losses in the loan portfolio at the balance sheet date. The allowance is established through the provision for losses on loans which is charged against income. In determining the allowance for loan losses, management makes significant estimates and has identified this policy as one of the most critical for Cheviot Financial. Management performs a quarterly evaluation of the allowance for loan losses. Consideration is given to a variety of factors in establishing this estimate including, but not limited to, current economic conditions, delinquency statistics, geographic and industry concentrations, the adequacy of the underlining collateral, the financial strength of the borrower, results of internal loan reviews...Click here to read the whole Article (external link)
Cheviot Financial Corp. Reports Third-Quarter and Nine Month Earnings
CINCINNATI, Oct. 29, 2009 (GLOBE NEWSWIRE) -- Cheviot Financial Corp. (Nasdaq:CHEV - News), the parent company of Cheviot Savings Bank, today reported net earnings in the third fiscal quarter of 2009 of $241,000, or $0.03 cents per share, compared with net earnings of $451,000, or $0.05 cents per share for the third fiscal quarter of 2008. For the nine months ended September 30, 2009 net earnings totaled $758,000, or $0.09 per share, compared with net earnings of $994,000, or $0.11 per share for the comparable nine month period in 2008. The earnings per share for the three and nine months ended September 30, 2009 were based on weighted average shares outstanding of 8,690,166 and 8,691,891 as compared with weighted average shares outstanding of 8,668,352 and 8,692,243 for the comparable 2008 periods. The $210,000 decrease in 2009 third quarter net earnings is due primarily to an $87,000 decrease in net interest income and a $226,000 increase in the provision for losses on loans, which was partially offset by an increase in other income of $33,000, a decrease of $7,000 in general, administrative and other expenses and a decrease in the provision for federal income taxes of $63,000. For the first nine months of 2009, the Company's decrease in earnings generally reflected an increase of $390,000 in the provision for losses on loans and a $515,000 increase in general, administrative and other expenses, which was partially offset by an increase of $330,000 in net interest income, an increase of $291,0...Click here to read the whole Article (external link)
Cheviot, First Franklin post 3Q results
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | classifieds | ...Click here to read the whole Article (external link)
CHEVIOT FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Ex
Show all filings for CHEVIOT FINANCIAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for CHEVIOT FINANCIAL CORP 29-Oct-2009Results of Operations and Financial Condition, Financial Statements and Ex Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pr...Click here to read the whole Article (external link)
CHEVIOT FINANCIAL CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward Looking Statements This report on Form 10-Q contains forward-looking statements, which can be identified by the use of such words as estimate, project, believe, intend, anticipate, plan, seek, expect and similar expressions. These forward-looking statements are subject to significant risks, assumptions and uncertainties that could affect the actual outcome of future events. Because of these uncertainties, our actual future results may be materially different from the results indicated by these forward-looking statements. Recent Developments The U.S. Treasury Department recently suggested legislation that would significantly change the current bank regulatory system. The proposal would create a new federal banking regulator, the National Bank Supervisor, and merge our current primary federal regulator, the Office of Thrift Supervision, as well as the Office of the Comptroller of the Currency (the primary federal regulator for national banks) into the new federal bank regulator. The proposal would also eliminate federal savings banks and require all federal savings banks to elect, within six months of the effective date of the legislation, to convert to either, a national bank, state bank or state savings association. A federal savings bank that does not make the election would, by operation of law, be converted to a national bank within one year of the effective date of the legislation. Cheviot Savings Bank is an Ohio-chartered savings and loan association, and would continue to have its Ohio charter. Cheviot Financial Corp. would become a bank holding company subject to regulation and supervision by the Board of Governors of the Federal Reserve System instead of the Office of Thrift Supervision. As ...Click here to read the whole Article (external link)