Standard Financial Corp. reported unaudited earnings results for the first quarter ended December 31, 2012. The company reported earnings for the quarter ended December 31, 2012 of $754,000 or $0.24 basic and diluted per share compared to $831,000 or $0.26 basic and diluted per share for the quarter ended December 31, 2011. The company's annualized return on average assets and average equity were 0.69% and 3.77%, respectively, for the quarter ended December 31, 2012 compared to 0.76% and 4.25%, respectively, for the quarter ended December 31, 2011. Net income for the quarter ended December 31, 2012 decreased $77,000 or 9.3% compared to the same quarter in the prior year. The decrease was primarily the result of a decline in net interest income of $276,000 or 8.3% partially offset by higher noninterest income of $92,000 or 15.5% and a decrease in the provision for loan losses of $75,000 or 25.0% for the quarter ended December 31, 2012 compared to the same quarter in the prior year. Net interest income declined from $3.3 million for the three months ended December 31, 2011 to $3.0 million for the three months ended December 31, 2012. The decrease in net interest income resulted primarily from a lower yield on interest-earning assets partially offset by a lower cost of funds. Income before income tax expense was $1.056 million against $1.192 million a year ago. Book value per share was $23.34 as at December 31, 2012 against $23.02 as at September 30, 2012. Tangible book value per share was $20.62 as at December 31, 2012 against $20.35 as at September 30, 2012.

The board of directors declared a quarterly cash dividend of $0.045 per share of the company's common stock. The dividend will be payable to stockholders of record as of February 1, 2013 and will be paid on February 15, 2013.