In The News

Cheviot Financial Corp. Reports Third-Quarter and Nine Month Earnings

Cheviot Financial Corp. Reports Third-Quarter and Nine Month Earnings CINCINNATI, Ohio – October 21, 2005 – Cheviot Financial Corp. (NASDAQ: CHEV), the parent company of Cheviot Savings Bank, today reported net earnings in the third fiscal quarter of 2005 of $560,000, or $0.06 cents per share compared with net earnings of $716,000, or $0.07 cents per share for the third fiscal quarter of 2004. Net earnings for the nine months ended September 30, 2005 of $1.6 million, or $.17 per share, an increase of $1.0 million, or $0.11 per share for the comparable nine month period in 2004. The $156,000 decline in 2005 third quarter net earnings is due to a $56,000 decrease in net interest income after provision for loan losses and an increase in general, administrative and other expenses of $222,000, which were offset by a $31,000 increase in other income and a decrease in the provision for federal income taxes of $91,000. For the first nine months of 2005, the Company’s growth in earnings was generally driven by increases of $194,000 in net interest income after provision for loan losses, and $106,000 in other income, as well as the absence of a $1.5 million charitable contribution in the 2004 nine month period. The favorable aspects of 2005 operations were partially offset by an approximate $695,000 increase in general, administrative and other expenses and an increase of $96,000 in the provision for federal income taxes. At September 30, 2005, Cheviot Financial Corp. had consolidated total assets of $290.5 million, total liabilities of $213.3 million, including deposits of $181.0 million, and shareholders’ equity of $77.2 million, or 26.6% of total assets. Cheviot Savings Bank was established in 1911 and currently has four full-service offices in Hamilton County, Ohio, as well as one loan production office in Mason, Ohio. ### "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this release which are not historical facts are forward-looking and involve risks and uncertainties. The company undertakes no obligation to update any forward-looking statement.

Click here for Investor Relations information from Cheviot Savings Bank.