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 26, 2006
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PENNFED FINANCIAL SERVICES, INC.
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(Exact name of Registrant as specified in its charter)
Maryland 0-24040 22-3297339
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification Number)
622 Eagle Rock Avenue, West Orange, New Jersey 07052-2989
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (973) 669-7366
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N/A
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(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:
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 2.02. Results of Operations and Financial Condition
On April 26, 2006, PennFed Financial Services, Inc. (the Company) issued
the press release attached hereto as Exhibit 99.1 announcing its third quarter
earnings.
The press release includes non-GAAP financial measures which exclude the
effects of a prepayment premium received on a commercial loan, the payment of a
penalty associated with the prepayment of certain advances from the Federal Home
Loan Bank of New York, the acceleration of depreciation on branch automation
software, an increase in the Company's obligation under certain long-term
benefit plans, and additional Sarbanes Oxley compliance costs.
Management uses these non-GAAP financial measures because it believes
these measures facilitate comparisons of the Company's historical financial
results.
These non-GAAP financial measures are not prepared in accordance with
generally accepted accounting principles and may be different from non-GAAP
financial measures used by other companies. Non-GAAP financial measures should
not be considered as a substitute for, or superior to, measures of financial
performance prepared in accordance with GAAP.
SIGNATURES
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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.
PENNFED FINANCIAL SERVICES, INC.
Date: April 27, 2006 By: /s/ Joseph L. LaMonica
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Joseph L. LaMonica
President and Chief
Executive Officer