Rome Bancorp Inc. expected to Report Q1 2010 Results on April 19, 2010. This event was calculated by Capital IQ (Created on January 27, 2010).

Rome Bancorp Inc. reported earnings results for the third quarter and nine months ended September 30, 2009. Net income for the Company for the three-month period ended September 30, 2009 increased to $908,000, or $0.14 per diluted share, from $815,000, or $0.11 per diluted share for the same period in 2008. These results represent the highest level of third quarter earnings per share for the Company since its inception in 1999. The increase in net income over the third quarter of 2008 was primarily attributable to an increase in non-interest income of $57,000 and a decrease in the provision for loan losses of $100,000, which were partially offset by a decrease in net interest income before loan loss provision of $19,000, an increase in non-interest expense of $13,000 and an increase in income tax expense of $32,000. Also contributing to the increase in third quarter earnings per share was a decrease in average outstanding diluted shares to 6,578,187 for the quarter ended September 30, 2009 from 6,778,831 for the third quarter of 2008. This reduction was attributable to treasury stock purchases over the past year. The $19,000 decrease in net interest income reflects a $190,000 decrease in interest income partially offset by a $171,000 decrease in interest expense. Interest income earned on the loan portfolio decreased by $249,000, or 5.7%, due to both declines in prevailing interest rates and contraction in the loan portfolio. Interest income on investments increased by $60,000, or 61.9%, from the same period last year due to the purchase of additional securities during the first nine months of 2009. Return on average assets was 1.08% compared to 0.98% in the previous year period. Return on average equity was 6.18% compared to 5.09% in the previous year period. For the nine months, the company reported that net income for both of the nine month periods ended September 30, 2009 and 2008 was $2.3 million. Year to date diluted earnings per share increased to $0.34 in 2009, compared to $0.32 per diluted share for the same period of 2008, due to a decrease in diluted average shares from 6,957,623 for the first nine months of 2008 to 6,604,623 for the same period of 2009. Net interest income for the nine months ended September 30, 2009 and 2008 remained constant at $9.7 million for both periods. The 2009 year to date provision for loan losses was $200,000, compared to $100,000 for the same period of 2008. Return on average assets was 0.90% compared to 0.95% in the previous year period. Return on average equity was 5.14% compared to 4.67% in the previous year period. Book value per share was $8.75 compared to $8.55 as on Dec. 31, 2008.

Rome Bancorp Inc. announced unaudited earnings results for the second quarter and six months ended June 30, 2009. Net income for the company for the three-month period ended June 30, 2009 was $647,000 or $0.10 per diluted share, compared to $780,000, or $0.11 per diluted share for the same period in 2008. Interest income for the period was $4,324,000, net interest income was $3,230,000, net interest income after provision for loan losses was $3,030,000 and income before income taxes was $952,000 against interest income of $4,408,000, net interest income of $3,205,000, net interest income after provision for loan losses of $3,205,000 and income before income taxes of $1,204,000 for the same period a year ago. Net income for the company for the six month period ended June 30, 2009 was $1.4 million, or $0.20 per diluted share, compared to $1.5 million, or $0.21 per diluted share for the same period of 2008. The decrease in net income was primarily the result of the aforementioned $200,000 increase in the provision for loan losses and an increase in non-interest expense of $131,000, partially offset by increases in net interest income before loan loss provision of $37,000 and non-interest income of $75,000, respectively, and a decrease in income tax expense of $92,000. Interest income for the period was $8,687,000, net interest income was $6,4800,000, net interest income after provision for loan losses was $6,280,000 and income before income taxes was $1,991,000 against interest income of $8,917,000, net interest income of $6,443,000, net interest income after provision for loan losses of $6,443,000 and income before income taxes of $2,209,000 for the same period a year ago. The company also announced that its Board of Directors has declared a quarterly cash dividend on its common stock of 8.5 cents ($0.085) per share for stockholders of record at the close of business on August 7, 2009. The dividend is payable on August 21, 2009.

Rome Bancorp Reports Record High Annual Earnings Per Share and Increased Quarterly Dividend

Rome Bancorp Reports Record High Annual Earnings Per Share and Increased Quarterly Dividend

ROME BANCORP INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits

Rome Bancorp Reports Second Quarter Earnings Per Share and Declaration of Quarterly Dividend

Rome Bancorp Posts Record High Third Quarter Earnings Per Share and Declares Quarterly Dividend

ROME BANCORP INC Files SEC form 10-Q, Quarterly Report

ROME BANCORP INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits

Rome Bancorp Reports Record First Quarter Earnings Per Share and Dividend Declaration

ROME BANCORP INC Files SEC form 10-Q, Quarterly Report

ROME BANCORP INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits

Rome Bancorp Reports Second Quarter Earnings Per Share and Declaration of Quarterly Dividend

ROME BANCORP INC Files SEC form 10-Q, Quarterly Report

ROME BANCORP INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits

Rome Bancorp Posts Record High Third Quarter Earnings Per Share and Declares Quarterly Dividend