Clifton Bancorp Inc. Announces Financial Results for the Quarter Ended December 31, 2017; Declares Cash Dividend
CLIFTON BANCORP INC COMMON (CSBK)
US:NASDAQ Investor Relations:
cliftonbancorp.com
Company Research
Source: Business Wire
CLIFTON, N.J.--(BUSINESS WIRE)-- Clifton Bancorp Inc. (Nasdaq: CSBK) (the “Company” or “Clifton Bancorp”), the holding company for Clifton Savings Bank (“CSBK” or “Bank”), today announced results for the third quarter ended December 31, 2017. The Company had a net (loss) for the third quarter of $371,000 (negative $0.02 per share, basic and diluted) as compared to net income of $1.22 million ($0.06 per share, basic and diluted) for the third quarter ended December 31, 2016. Net income for the nine months ended December 31, 2017 was $3.34 million ($0.16 per share, basic and diluted) as compared to $3.48 million ($0.16 per share, basic and diluted) for the same period in 2016. During the three and nine months ended December 31, 2017, net income and earnings per share were impacted by costs related to the pending acquisition of the Company by Kearny Financial Corp. (“Kearny”) and the effect of the tax law changes establ
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