Home Financial Bancorp announced that it has declared a cash dividend of $0.03 on each share of its Common Stock for its first fiscal quarter ended September 30, 2009. The dividend is payable on October 1, 2009, to holders of record on September 11, 2009.

Home Financial Bancorp announced unaudited consolidated earnings results for the fourth quarter and twelve months ended June 30, 2009. For the quarter ended June 30, 2009, the company reported a net loss of $33,000, or $0.03 basic and diluted loss per common share. Net income for the same period last year was $133,000, or $0.10 basic and diluted earnings per common share. Net interest income before provisions for loan losses declined $20,000 or 2.8% for the three months ended June 30, 2009, compared to the same period in 2008. Interest income for the quarter was down $138,000 or 11.0% due to a lower average balance of interest earning assets. Most of this decrease was offset by an $118,000 or 21.8% drop in interest expense as a result of falling market interest rates. For the twelve-month period ended June 30, 2009, net income decreased to $149,000, or $0.11 basic and diluted earnings per common share, compared to $356,000 or $0.27 basic and diluted earnings per common share for fiscal 2008. Weaker net earnings in 2009 primarily resulted from greater loan losses, higher repossessed property expenses, and increased deposit insurance premiums. Net interest income before the provision for loan losses decreased $26 000 or 1.0%, to $2.7 million for the year. Interest income fell $510,000 or 10.0%, but was substantially offset by a $484,000 or 20.2% decline in interest expense for the year. Book value per share as on June 30, 2009 was $5.69.

Home Financial Bancorp has declared a cash dividend of $0.03 on each share of its common stock for its fourth quarter ended June 30, 2009. The dividend is payable on July 2, 2009, to holders of record on June 12, 2009.