First Place Financial Corp. expected to Report Q2 2010 Results on January 18, 2010. This event was calculated by Capital IQ (Created on November 3, 2009).

First Place Financial Corp., Board Meeting, Oct 20, 2009 Agenda: To decide not to declare a dividend.

First Place Financial Corp. announced unaudited consolidated earnings results for the first quarter ended September 30, 2009. For the quarter, the company reported a net loss attributable to common shareholders of $7.0 million compared with a net loss attributable to common shareholders of $6.16 million for the quarter ended September 30, 2008. The net loss for the first quarter of fiscal 2010 was primarily due to increases of $15.1 million in the provision for loan losses and $2.9 million in noninterest expense, partially offset by increases of $2.6 million in net interest income and $13.3 million in noninterest income and a decrease of $2.4 million in income taxes. The diluted loss per common share for the current quarter was $0.42 compared to $0.37 for the same quarter in the prior year. Negative return on average assets and negative return on average equity for the current quarter were 0.73% and 8.38%, respectively, compared with 0.74% and 7.74%, respectively, for the same quarter in the prior year. Net interest income for the first quarter of fiscal 2010 was $25.6 million, an increase of $2.6 million or 11.3% compared with $23.0 million in the first quarter of fiscal 2009. This increase was the result of an increase of 31 basis points in the net interest margin to 3.38% for the current quarter compared with 3.07% for the same quarter in the prior year. The company reported los before income tax of $9.52 million compared to $7.35 million for the same period last year. The company reported book value per common share of $12.31 compared to $18.32 for the same period last year. The company's board of directors decided not to declare a dividend at its meeting held on October 20, 2009.