Louisiana Bancorp

Louisiana Bancorp, Inc. Announces Earnings for the First Quarter

METAIRIE, La., May 3, 2013 (GLOBE NEWSWIRE) -- Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the holding company for Bank of New Orleans (the "Bank"), announced today that the Company's net income for the quarter ended March 31, 2013 was $500,000, or $0.19 per diluted share, a decrease of $19,000 from the first quarter of 2012. Net interest income was approximately $2.4 million during each of the respective three month periods ended March 31, 2013 and 2012. Our provision for loan losses increased by $86,000, to $141,000, during the first quarter of 2013 compared to the first quarter of 2012. This increase in our provision for loan losses primarily reflects the growth of our loan portfolio. Non-interest income for the March 31, 2013 quarter increased by $223,000 compared to the March 31, 2012 quarter due primarily to an increase in commissions earned on brokered loans and an increase in gains on loans sold. Total non-interest expense was $2.0 million for the first quarter of 2013, an increase of $173,000 compared to the first quarter of 2012. The increase in total non-interest expense was primarily attributed to increased compensation and occupancy expenses associated with our new branch office that opened in the second quarter of 2012, and increased marketing expenses.

Louisiana Bancorp

Louisiana Bancorp, Inc. Announces Stock Repurchase Program

METAIRIE, La., Feb. 27, 2013 (GLOBE NEWSWIRE) -- Louisiana Bancorp, Inc. (Nasdaq:LABC), the holding company for Bank of New Orleans, announced today that it has completed its previously announced stock repurchase program and that it will initiate a new stock repurchase program to acquire up to 150,000 shares of its outstanding common stock. These shares may be purchased in the open market or privately negotiated transactions, as and when deemed appropriate by management over the next six months.

Louisiana Bancorp

Louisiana Bancorp, Inc. Announces Earnings for the Fourth Quarter and Year

METAIRIE, La., Feb. 1, 2013 (GLOBE NEWSWIRE) -- Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the holding company for Bank of New Orleans (the "Bank"), announced today that the Company's net income for the quarter ended December 31, 2012 was $725,000, or $0.26 per diluted share, an increase of $140,000 from the fourth quarter of 2011. Net interest income was approximately $2.5 million during each of the respective three month periods ended December 31, 2012 and 2011. Non-interest income for the December 31, 2012 quarter increased by $450,000 compared to the December 31, 2011 quarter due primarily to an increase in commissions earned on brokered loans and an increase in gains on loans sold. For the year ended December 31, 2012, the Company reported net income of $2.5 million, or $0.90 per diluted share, compared to net income of $2.1 million, or $0.70 per diluted share for the year ended December 31, 2011.

Louisiana Bancorp

Louisiana Bancorp, Inc. Announces Stock Repurchase Program

METAIRIE, La., Dec. 7, 2012 (GLOBE NEWSWIRE) -- Louisiana Bancorp, Inc. (Nasdaq:LABC), the holding company for Bank of New Orleans, announced today that it has completed its previously announced stock repurchase program and that it will initiate a new stock repurchase program to acquire up to 150,000 shares of its outstanding common stock. These shares may be purchased in the open market or privately negotiated transactions, as and when deemed appropriate by management over the next six months.

Louisiana Bancorp

Louisiana Bancorp, Inc. Announces Earnings for the Third Quarter

METAIRIE, La., Nov. 2, 2012 (GLOBE NEWSWIRE) -- Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the holding company for Bank of New Orleans (the "Bank"), announced today that the Company's net income for the quarter ended September 30, 2012 was $647,000, or $0.24 per diluted share, an increase of $151,000 from the third quarter of 2011. Net interest income was $2.6 million during the third quarter of 2012, an increase of $129,000 compared to the third quarter of 2011. Non-interest income for the September 30, 2012 quarter increased by $235,000 compared to the September 30, 2011 quarter due primarily to an increase in commissions earned on brokered reverse mortgage loans and an increase in gains on loans sold.  For the nine month period ended September 30, 2012, the Company reported net income of $1.8 million, or $0.64 per diluted share, compared to net income of $1.5 million, or $0.50 per diluted share for the nine month period ended September 30, 2011.

Louisiana Bancorp

Louisiana Bancorp, Inc. Announces Earnings for the Second Quarter

METAIRIE, La., Aug. 3, 2012 (GLOBE NEWSWIRE) -- Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the holding company for Bank of New Orleans (the "Bank"), announced today that the Company's net income for the quarter ended June 30, 2012 was $616,000, or $0.22 per diluted share, an increase of $159,000 from the second quarter of 2011. Net interest income was $2.5 million during the second quarter of 2012, an increase of $81,000 compared to the second quarter of 2011. Our provision for loan losses was $73,000 during the second quarter of 2012 compared to a recovery of loan loss provisions of $67,000 during the second quarter of 2011. Non-interest income for the June 30, 2012 quarter increased by $301,000 compared to the June 30, 2011 quarter due primarily to an increase in commissions earned on brokered loans and an increase in gains on loans sold. For the six month period ended June 30, 2012, the Company reported net income of $1.1 million, or $0.40 per diluted share, compared to net income of $1.0 million, or $0.33 per diluted share for the six month period ended June 30, 2011.

Louisiana Bancorp

Louisiana Bancorp, Inc. Announces Stock Repurchase Program

METAIRIE, La., May 29, 2012 (GLOBE NEWSWIRE) -- Louisiana Bancorp, Inc. (Nasdaq:LABC), the holding company for Bank of New Orleans, announced today that it has completed its previously announced stock repurchase program and that it will initiate a new stock repurchase program to acquire up to 5%, or 155,205 shares of its outstanding common stock. These shares may be purchased in the open market or privately negotiated transactions, as and when deemed appropriate by management over the next six months.   

Louisiana Bancorp

Louisiana Bancorp, Inc. Announces Earnings for the First Quarter and the Extension of Stock Repurchase Program

METAIRIE, La., April 27, 2012 (GLOBE NEWSWIRE) -- Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the holding company for Bank of New Orleans (the "Bank"), announced today that the Company's net income for the quarter ended March 31, 2012 was $519,000, a decrease of $60,000 from the first quarter of 2011. Diluted earnings per share were $0.18 for both three month periods ended March 31, 2012 and 2011. Net interest income was $2.4 million during the first quarter of 2012, a decrease of $27,000 compared to the first quarter of 2011. Non-interest income increased by $74,000 between the respective quarters due primarily to increased gains on the sale of residential mortgage loans. Non-interest expense was $1.9 million for the first quarter of 2012, an increase of $118,000 compared to the first quarter of 2011.

Louisiana Bancorp

Louisiana Bancorp, Inc. Announces Earnings for the Fourth Quarter and Year

METAIRIE, La., Feb. 2, 2012 (GLOBE NEWSWIRE) -- Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the holding company for Bank of New Orleans (the "Bank"), announced today that the Company's net income for the quarter ended December 31, 2011 was $585,000, or $0.20 per diluted share, a decrease of $168,000 from the fourth quarter of 2010. Net interest income was $2.5 million during the fourth quarter of 2011, which was consistent with the fourth quarter of 2010.  For the year ended December 31, 2011, the Company reported net income of $2.1 million, or $0.71 per diluted share, compared to net income of $2.6 million, or $0.69 per diluted share for the year ended December 31, 2010. Net interest income was $9.8 million for the year ended December 31, 2011, compared to $10.3 million for the year ended December 31, 2010. 

Louisiana Bancorp

Louisiana Bancorp, Inc. Announces Earnings for the Third Quarter and New Stock Repurchase Program

METAIRIE, La., Oct. 28, 2011 (GLOBE NEWSWIRE) -- Louisiana Bancorp, Inc. (the "Company") (Nasdaq:LABC), the holding company for Bank of New Orleans (the "Bank"), announced today that the Company's net income for the quarter ended September 30, 2011 was $496,000, or $0.17 per diluted share, a decrease of $121,000 from the third quarter of 2010. Net interest income was $2.4 million during the third quarter of 2011, a decrease of $125,000 compared to the third quarter of 2010. Our provision for loan losses was $89,000 during the third quarter of 2011, an increase of $7,000 compared to the third quarter of 2010. For the nine month period ended September 30, 2011, the Company reported net income of $1.5 million, or $0.50 per diluted share, compared to net income of $1.8 million, or $0.46 per diluted share for the nine month period ended September 30, 2010.