Prudential Bancorp, Inc. Announces First Quarter Fiscal 2020 Results
Prudential Bancorp, Inc. (PBIP)
US:NASDAQ Investor Relations:
psbanker.com
Company Research
Source: GlobeNewswire
PHILADELPHIA, Jan. 17, 2020 (GLOBE NEWSWIRE) -- Prudential Bancorp, Inc. (the “Company”) (Nasdaq:PBIP), the holding company for Prudential Bank (the “Bank”), reported net income of $2.5 million, or $0.28 per diluted share, for the quarter ended December 31, 2019 as compared to $2.0 million or $0.22 per diluted share, for the comparable period in 2018. Dennis Pollack, President and CEO, commented, “We are very pleased to report continued positive operating results. Our net income for the quarter ended December 31, 2019 increased by 24.8% from the same period in 2018, enabling us to increase our regular quarterly dividend per share paid during the quarter by 40%. We recognize that we continue to face formidable challenges, exacerbated by the current interest rate environment which has exerted significant pressure on our interest rate margin. We are taking steps to address the margin compression we are experiencing, as is the industry in general, primarily due to increase
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