8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 18, 2013

STANDARD FINANCIAL CORP.

(Exact Name of Registrant as Specified in its Charter)

Maryland	001-34893	27-3100949
(State or Other Jurisdiction of Incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)

2640 Monroeville Boulevard, Monroeville, Pennsylvania	15146
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code:  412-856-0363

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02Results of Operations

On April 18, 2013, Standard Financial Corp. (the “Company”) issued a press release reporting its financial results for the three and six months ended March 31, 2013.  A copy of the press release is attached as Exhibit 99.1 to this report and is being furnished to the SEC and shall not be deemed “filed” for any purpose.

Item 8.01Other Events

The Company announced on April 18, 2013, that the Company’s board of directors declared a quarterly cash dividend of $.045 per share of the Company’s common stock.  The dividend will be payable to stockholders of record as of May 1, 2013 and will paid on May 15, 2013.

Item 9.01Financial Statements and Exhibits

(a)Financial statements of businesses acquired. Not Applicable.

(b)Pro forma financial information. Not Applicable.

(c)Shell company transactions: Not Applicable.

(d)Exhibits.

The following Exhibit is attached as part of this report:

99.1 Press release dated April 18, 2013

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		STANDARD FINANCIAL CORP.
DATE: April 18, 2013	By:	/s/ Timothy K. Zimmerman
		Timothy K. Zimmerman
		President and Chief Executive Officer

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release dated April 18, 2013

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EX-99.1

Exhibit 99.1

	CONTACTS: Timothy K. Zimmerman President & Chief Executive Officer 412.856.0363
RELEASE DATE: April 18, 2013	Colleen M. Brown Chief Financial Officer 412.856.0363

STANDARD FINANCIAL CORP. ANNOUNCES QUARTERLY DIVIDEND PAYMENT AND SECOND QUARTER EARNINGS

Monroeville, Pennsylvania — April 18, 2013 — Standard Financial Corp. (the “Company”) -  (NasdaqCM:  STND), the holding company for Standard Bank PaSB, today announced earnings for the quarter ended March 31, 2013 of $721,000 or $0.24 per share compared to $782,000 or $0.25 per share for the quarter ended March 31, 2012.  The Company’s annualized return on average assets and average equity were 0.66% and 3.65%, respectively, for the quarter ended March 31, 2013 compared to 0.71% and 3.97%, respectively, for the quarter ended March 31, 2012.

For the six months ended March 31, 2013, net income was $1.5 million or $0.48 per share compared to $1.6 million or $0.51 per share for the six months ended March 31, 2012.  The Company’s annualized return on average assets and average equity were 0.68% and 3.71%, respectively, for the six months ended March 31, 2013 compared to 0.74% and 4.11%, respectively, for the six months ended March 31, 2012.

The Company’s board of directors declared a quarterly cash dividend of $.045 per share of the Company’s common stock.  The dividend will be payable to stockholders of record as of May 1, 2013 and will be paid on May 15, 2013.

Timothy K. Zimmerman, President & CEO, stated, “We are pleased with the quarterly results given the very difficult operating environment.  The decrease in non-performing loans during the quarter is very encouraging.  Historically low interest rates and weak loan demand are continuing to create challenges to earnings.  Our focus remains on generating other sources of revenue, controlling expenses and increasing loan production.”

Net income for the quarter ended March 31, 2013 decreased $61,000 or 7.8% compared to the same quarter in the prior year.  The decrease was primarily the result of a decline in net interest income of $238,000 or 7.3% and an increase in noninterest expenses of $167,000 or 6.7% partially offset by a decrease in the provision for loan losses of $150,000 or 50.0% and an increase in noninterest income of $103,000 or 17.4% for the quarter ended March 31, 2013 compared to the same quarter in the prior year.

Net income for the six months ended March 31, 2013 decreased $138,000 or 8.6% compared to the same six months in the prior year.  The decrease was primarily the result of a decline in net

interest income of $514,000 or 7.8% and an increase in noninterest expenses of $194,000 or 3.9% partially offset by a decrease in the provision for loan losses of $225,000 or 37.5% and higher noninterest income of $195,000 or 16.5% for the six months ended March 31, 2013 compared to the six months ended March 31, 2012.

Net interest income declined from $3.3 million and $6.6 million for the three and six months ended March 31, 2012, respectively, to $3.0 million and $6.1 million for the three and six months ended March 31, 2013, respectively. The decreases in net interest income for both periods resulted primarily from a lower yield on interest-earning assets partially offset by a lower cost of funds.

The provision for loan losses was $150,000 for the current quarter compared to $300,000 for the quarter ended March 31, 2012 and $375,000 for the six months ended March 31, 2013 compared to $600,000 for the six months ended March 31, 2012.  Non-performing loans at March 31, 2013 were $2.7 million or 0.96% of total loans compared to $4.0 million or 1.34% of total loans at September 30, 2012 and $4.4 million or 1.48% of total loans at March 31, 2012.

Noninterest income totaled $694,000 for the quarter ended March 31, 2013 compared to $591,000 for the quarter ended March 31, 2012 and $1.4 million for the six months ended March 31, 2013 compared to $1.2 million for the six months ended March 31, 2012.  The increases for both periods in noninterest income were due mainly to higher earnings on bank-owned life insurance, increased gains on loan and security sales, and higher service fee income.

Noninterest expenses totaled $2.7 million for the quarter ended March 31, 2013 compared to $2.5 million for the quarter ended March 31, 2012 and $5.1 million for the six months ended March 31, 2013 compared to $4.9 million for the six months ended March 31, 2012.  The increases for both periods were mainly in compensation and employee benefit costs resulting from expenses relating to stock based awards issued on July 26, 2012 and higher medical insurance costs.

Standard Financial Corp., with total assets of $436.3 million at March 31, 2013, is the parent company of Standard Bank, a Pennsylvania chartered savings bank which operates ten offices serving individuals and small to mid-sized businesses in Allegheny, Westmoreland and Bedford Counties, in Pennsylvania and Allegany County in Maryland.  Standard Bank is a member of the FDIC and an Equal Housing Lender.

This news release may contain a number of forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, including, but not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time.  The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.

(More)

Standard Financial Corp.

Financial Highlights

(Dollars in thousands, except per share data)

(Unaudited)

	Three Months Ended March 31,						Six Months Ended March 31,
OPERATIONS DATA:	2013			2012			2013			2012
Interest and Dividend Income	$	3,996		$	4,374		$	8,054		$	8,815
Interest Expense	962			1,102			1,980			2,227
Net Interest Income	3,034			3,272			6,074			6,588
Provision for Loan Losses	150			300			375			600
Net Interest Income after Provision for Loan Losses	2,884			2,972			5,699			5,988
Noninterest Income	694			591			1,380			1,185
Noninterest Expenses	2,679			2,512			5,124			4,930
Income before Income Tax Expense	899			1,051			1,955			2,243
Income Tax Expense	178			269			480			630
Net Income	$	721		$	782		$	1,475		$	1,613
Earnings Per Share - Basic and Diluted	$	0.24		$	0.25		$	0.48		$	0.51
Annualized Return on Average Assets	0.66		%	0.71		%	0.68		%	0.74		%
Annualized Return on Average Equity	3.65		%	3.97		%	3.71		%	4.11		%
Net Interest Spread	2.88		%	3.02		%	2.86		%	3.06		%
Net Interest Margin	3.01		%	3.18		%	3.00		%	3.22		%
	March 31,			September 30,
FINANCIAL CONDITION DATA:	2013			2012
Total Assets	$	436,302		$	443,432
Cash and Cash Equivalents	13,792			18,774
Investment Securities	104,600			102,677
Loans Receivable, Net	283,617			291,113
Deposits	325,145			330,299
Borrowed Funds	31,863			30,081
Total Stockholders’ Equity	76,558			80,117
Book Value Per Share	$	23.76		$	23.02
Tangible Book Value Per Share	20.90			20.35
Allowance for Loan Losses to Total Loans	1.39		%	1.51		%
Non-Performing Assets to Total Assets	0.92		%	1.00		%
Non-Performing Loans to Total Loans	0.96		%	1.34		%