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Stockreport

Oritani Financial Corp. Announces Increased Dividend and 2nd Quarter Results

ORITANI FINANCIAL (ORIT)  More Company Research Source: GlobeNewswire
Last oritani financial earnings: 10/25 05:00 pm Check Earnings Report
PDF TOWNSHIP OF WASHINGTON, N.J., Jan. 29, 2018 (GLOBE NEWSWIRE) -- Oritani Financial Corp. (the “Company” or “Oritani”) (NASDAQ:ORIT), the holding company for Oritani Bank (the “Bank”), reported net income of $4.0 million, or $0.09 per basic and diluted common share, for the three months ended December 31, 2017, and $16.0 million, or $0.36 per basic (and $0.35 diluted) common share, for the six months ended December 31, 2017.  Net income was $11.4 million, or $0.26 per basic and diluted common share, for the three months ended December 31, 2016, and $22.0 million, or $0.51 per basic (and $0.50 diluted) common share, for the six months ended December 31, 2016.  As detailed below, the “Tax Cuts and Jobs Act” that was signed into law on December 22, 2017 had a material impact on results for the 2017 periods and the estimated net impact of the charge to the December 31, 2017 period due to this legislation was $8.9 million.  Excluding the impact of this non-recurring charge, net income for [Read more]

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