Charter Financial Corp. reported fiscal 2009 net income of $2,847,000, or $0.15 per share, compared with $10.5 million, or $0.55 per share, for the prior fiscal year. Net interest income was lower at $18.1 million for fiscal year 2009 versus $19.6 million for fiscal year 2008. Total interest income was $41.1 million against $46.4 million a year ago. Income before income taxes was $3.5 million against $15.0 million a year ago. Return on equity was 2.77% against 6.23% a year ago. Return on assets was 0.34% against 1.16% a year ago. Net income for the three months ended September 30, 2009 was $1.0 million, or $0.06 per share, compared with $2.9 million, or $0.16 per share, for the comparable period in the prior year. For the fourth quarter of fiscal year 2009, net interest income was up significantly to $6.4 million from $3.8 million for the third quarter, primarily due to the acquisition of the assets and liabilities of Neighborhood Community Bank on June 26, 2009, pursuant to a loss-share agreement with the FDIC. Total interest income was $12.7 million against $10.4 million a year ago. Income before income taxes was $1.4 million against $4.46 million a year ago. Return on equity was 4.21% against 9.51% a year ago. Return on assets was 0.44% against 1.41% a year ago.

Charter Financial Corp. has declared a quarterly cash dividend of 25 cents per share. The dividend is payable on September 29, 2009, to stockholders of record on September 16, 2009. This equates to an annualized dividend rate of $1.00 per share.

Charter Financial Corp. reported earnings results for the third quarter and nine months ended June 30, 2009. For the quarter, the company reported that its net income increased to USD 376,383, or USD 0.02 per share, compared with USD 1.7 million, or USD 0.09 per share for same quarter of the prior year. For the nine months ended June 30, 2009, net income was USD 1.8 million, or USD 0.10 per share, compared with USD 7.6 million, or USD 0.40 per share for the comparable period in the prior year.