Oneida Financial Corp. Reports Q4 EPS of $.21

Oneida Financial Corp. ONFC, the parent company of The Oneida Savings Bank, has announced operating results for the fourth quarter and full year ended December 31, 2010. Net income for the three months ended December 31, 2010 was $1.5 million, or $0.21 diluted earnings per share, compared to $1.2 million, or $0.17 diluted earnings per share, for the three months ended December 31, 2009. The increase in net income during the respective fourth quarter periods is primarily the result of an increase net interest income, an increase in non-interest income and a decrease in net investment losses, partially offset by an increase in the provision for loan losses, an increase in non-interest expenses and an increase in income tax provision.