Pulaski Financial Corp. Reports Operating Results (10-K)

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Dec 21, 2012
Pulaski Financial Corp. (PULB, Financial) filed Annual Report for the period ended 2012-09-30.

Pulaski Financial Corporation has a market cap of $105.4 million; its shares were traded at around $9.11 with a P/E ratio of 12 and P/S ratio of 1.4. The dividend yield of Pulaski Financial Corporation stocks is 4.3%. Pulaski Financial Corporation had an annual average earning growth of 0.4% over the past 5 years.

Highlight of Business Operations:

The risk-based capital standard for savings institutions requires the maintenance of Tier 1 (core) and total capital (which is defined as core capital and supplementary capital less certain specified deductions from total capital such as reciprocal holdings of depository institution capital instruments and equity investments) to risk weighted assets of 4% and 8%, respectively. In determining the amount of risk-weighted assets, all assets, including certain off-balance sheet assets, recourse obligations, residual interests and direct credit substitutes, are multiplied by a risk-weight of 0% to 100%, as assigned by the capital regulation based on the risks believed are inherent in the type of asset. Core capital is defined as common stockholders equity (including retained earnings), certain non-cumulative perpetual preferred stock and related surplus, and minority interests in equity accounts of consolidated subsidiaries less intangibles other than certain mortgage servicing rights and credit card relationships. The components of supplementary capital include capital instruments such as cumulative preferred stock, long-term perpetual preferred stock, mandatory convertible securities, subordinated debt and intermediate preferred stock. The allowance for loan and lease losses is includable in supplementary capital up to 1.25% of risk-weighted assets. Up to 45% of unrealized gains in available-for-sale securities with readily determinable fair values is also includable as supplementary capital. Overall, the amount of supplementary capital included as part of total capital cannot exceed 100% of core capital.

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