SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): May 13, 2002
Peoples Ohio Financial Corporation
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(Exact name of registrant as specified in its charter)
Ohio 0-49619 31-1795575
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(State of Incorporation) (Commission File No.) (IRS Employer Identification No.)
635 South Market Street, Troy, Ohio 45373
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(Address of principal executive offices)
Registrant's telephone number, including area code: (937) 339-5000
FORM 8-K
Item 5. Other Events.
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The following was contained in a press release issued by Peoples
Ohio Financial Corporation on May 13, 2002:
Monday, May 13, 2002
NEWS RELEASE For Further Information
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For Immediate Release Contact: Linda Daniel
VP Mktg./Adm.
(937) 339-5000
PEOPLES REPORTS ANOTHER RECORD QUARTER FOR LOCAL BANK
Peoples Ohio Financial Corporation, holding company for Peoples Savings Bank
(Troy-Piqua-Clayton), announces a record third quarter/fiscal 2002, ended March
31, 2002.
In reporting the results, President/CEO Ron Scott said that the third
quarter/fiscal 2002 was now the best quarter ever recorded for the 112-year old
local bank. Previously, the last reported quarter (Dec. 31, 2001) was the best
recorded.
The third quarter/2002 earnings were $729,480 or $.09 per diluted share compared
to $607,133 or $.08 per diluted share for the same period last year. This brings
earnings year-to-date to $2,018,380 or $.26 per diluted share, which compares to
$1,813,438 or $.23 per diluted share the same period last year.
Earnings for the third quarter/fiscal 2002 were up 20.15% over same period last
fiscal year, according to Scott. He said, with earnings for the fiscal
year-to-date up 11.30% overall, Peoples is on track to having the best earnings
year ever for the local financial institution. At the same time, he emphasized
the bank is putting money back into the organization and that many
product/service areas within the bank are being upgraded and improved for
customers.
"The exceptionally strong earnings performance of Peoples underscores our board
and management strengths and our ability to grow and improve the bank while
creating value for customers and shareholders", said Scott.
He pointed out that return on assets (ROA) for the third quarter/fiscal 2002
was 1.34% while return on equity (ROE) was 12.58%, both of which are key ratios
that rank Peoples well among its peers.
Scott believes that Peoples is well-positioned for continued success. With
banking centers including the newest in Clayton doing well and with the
opportunities provided by the holding company (approved overwhelmingly by
shareholders in late 2001), Scott sees enhanced service growth and continued
strong earnings potential for Peoples Savings Bank in the future.
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 thereunto duly authorized.
PEOPLES OHIO FINANCIAL CORPORATION
By: /s/ Ronald B. Scott
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Ronald B. Scott
President
Date: May 13, 2002