Parkvale Financial Corp. reported unaudited consolidated earnings results for the first quarter ended September 30, 2009. For the quarter, the company reported net income of $855,000 or $0.08 per diluted common share compared to net income of $1.1 million or $0.20 per diluted share for the quarter ended September 30, 2008. The $250,000 decrease in net income for the September 2009 quarter reflects a decrease in net interest income by $1.6 million, an increase in the provision for loan losses by $1.3 million and higher FDIC insurance premiums of $507,000, which were partially offset by lower net writedowns on investment securities by $2.3 million and related tax benefits of $1.0 million. Net interest income decreased to $9.3 million from $10.9 million for the September 2008 quarter primarily due to lower yields on investments and loans. After giving effect to the dividend on the preferred stock, the income applicable to common shareholders was $458,000 in the quarter ended September 30, 2009. Income before income taxes was $340,000 compared to $1,592,000 for the same period last year. Return on average assets was 0.18% compared to 0.24% for the same period last year. Return on average equity was 2.26% compared to 3.28% for the same period last year. Total interest income was $20,022,000 compared to $23,820,000 for the same period last year.

Parkvale Financial Corp. expected to Report Q2 2010 Results on January 18, 2010. This event was calculated by Capital IQ (Created on October 22, 2009).

Parkvale Financial Corp. announced that at its meeting held September 17, 2009, the Board of Directors declared the regular quarterly cash dividend of $0.05 per share to stockholders of record on September 30, 2009 payable on October 28, 2009.