Article: Oneida Financial Corp. Reports 2009 Third Quarter Operating Results unaudited.(Financial report)

Oneida Financial Corp. (NASDAQ:ONFC), the parent company of The Oneida Savings Bank, has announced third quarter operating results. Net income for the three months ending September 30, 2009 was $696,000, or $0.09 diluted earnings per share compared to a net loss of $4.4 million for the three months ended September 30, 2008. Net income for the nine months ended September 30, 2009 was $2.9 million or $0.37 basic earnings per share, as compared with a net loss $3.3 million for the same period in 2008. The 2008 periods were negatively affected by the significant decline in carrying value of Federal Home Loan Mortgage Corporation ("Freddie Mac") perpetual preferred stock ...

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