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Stock impact report

Oritani Financial Corp. Announces 3rd Quarter Results and Dividend

ORITANI FINANCIAL (ORIT) 
Last oritani financial earnings: 7/23 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.oritani.com
Company Research Source: GlobeNewswire
TOWNSHIP OF WASHINGTON, N.J., April 25, 2018 (GLOBE NEWSWIRE) -- Oritani Financial Corp. (the “Company” or “Oritani”) (NASDAQ:ORIT), the holding company for Oritani Bank (the “Bank”), reported net income of $13.4 million, or $0.30 per basic and diluted common share, for the three months ended March 31, 2018, and $29.4 million, or $0.67 per basic (and $0.65 diluted) common share, for the nine months ended March 31, 2018.  Net income was $24.3 million, or $0.56 per basic (and $0.54 diluted) common share, for the three months ended March 31, 2017, and $46.3 million, or $1.07 per basic (and $1.04 diluted) common share, for the nine months ended March 31, 2017.  Results for the nine months ended March 31, 2018 were negatively impacted by the “Tax Cuts and Jobs Act” (the “Act”) that was signed into law on December 22, 2017.  A net charge of $8.9 million was recognized in that period due to the legislation.  Profit on the sale of a real estate joint venture boosted results in the 2017 peri Show less Read more
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