SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): August 4, 1997
MBLA FINANCIAL CORPORATION
(Exact Name of Registrant as specified in its Charter)
Delaware 0-21482 43-1637679
(State or other Jurisdiction (SEC File No.) (IRS Employer or
of Incorporation) Identification No.)
101 Vine Street, Macon, Missouri 63552
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (816) 385-2122
NOT APPLICABLE
(Former name or former address, if changed since last Report)
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MBLA FINANCIAL CORPORATION
INFORMATION TO BE INCLUDED IN REPORT
Item 5. Other Information
On August 4, 1997, the Registrant issued the press release attached
hereto as Exhibit 21 and incorporated herein by reference.
Item 7. Financial Statements and Exhibits
Exhibit 21 -- Press Release dated August 4, 1997.
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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.
MBLA FINANCIAL CORPORATION
(Registrant)
By:/s/JOHN T. NEER
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John T. Neer
President and Chief Executive Officer
Dated: August 4, 1997
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FOR IMMEDIATE RELEASE
For additional information, contact: Clyde D. Smith
Chief Financial Officer
MBLA Financial Corporation
Telephone (816) 385-2122
MBLA FINANCIAL CORPORATION
REPORTS FOURTH QUARTER EARNINGS
FOR PERIOD ENDED JUNE 30, 1997
Macon, Missouri, August 4, 1997 -- MBLA Financial Corporation, the holding
company of Macon Building and Loan Association, today announced net income of
$442,000 for the fourth quarter ended June 30, 1997 as compared to $384,000 for
the comparable quarter ended June 30, 1996, an increase of $58,000 or 15.1%.
Earnings per share were 32 cents per share for the quarter ended June 30, 1997
as compared to 26 cents per share for the quarter ended June 30, 1996.
Net income for the twelve months ended June 30, 1997 was $1,441,000 as compared
to $1,393,000 for the twelve months ended June 30, 1996, an increase of $48,000
or 3.4%. Earnings per share were $1.04 per share for the twelve months ended
June 30, 1997 as compared to 97 cents per share for the twelve months ended June
30, 1996.
MBLA Financial Corporation consolidated assets on June 30, 1997 were $234.8
million as compared to $201 million at June 30, 1996. Stockholders' equity of
the company was $28.5 million at June 30, 1997 as compared to $28.1 million at
June 30, 1996. Stockholders' equity represents 12.1% of assets. For the twelve
months ended June 30, 1997, MBLA Financial Corporation repurchased 66,699 shares
of its common stock. The Company is in the process of completing a stock
repurchase program, as announced in November 1996, which authorized a buy-back
of up to 15% of outstanding stock.
During the fourth quarter, MBLA Financial Corporation shares traded between
$19.88 and $25.25. The stock of MBLA Financial Corporation is traded on the
NASDAQ National Market System under the symbol "MBLF".
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