Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Provident New York Bancorp Q1 Profit Rises

Provident New York Bancorp (PBNY: Quote), the bank holding company for Provident Bank, Monday, reported an increase in profit for the first quarter, mainly on higher net interest income and higher net interest income.

The Montebello, New York-based company reported a first-quarter net profit of $5.70 million or $0.15 per share, compared to $3.57 million or $0.10 per share last year. On average, four analysts polled by Thomson Reuters expected earnings of $0.13 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the quarter grew to $23.91 million from $22.51 million in the year-ago quarter. Total non-interest income rose to $7.97 million from $5.80 million in the prior-year quarter.

Three analysts had a consensus revenue estimate of $24.02 million for the quarter.

Loan loss provision for the quarter increased to $ 2.85 million from $2.10 million last year.

Click here to receive FREE breaking news email alerts for Provident New York Bancorp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Testosterone, often considered as the "fountain of youth", is the major sex hormone in men, and as they age the level of this hormone also naturally declines. The condition in which the body doesn't produce enough testosterone is known as hypogonadism or simply, Low T. European Central Bank Executive Board Member Benoit Coeure and a Germany's Deputy Labor Minister Joerg Asmussen have urged Germany to cut taxes on wages and promote investment to revive the euro area economy. In a jointly-authored opinion piece for the German daily Berliner Zeitung and the French... In a historic referendum to decide whether Scotland should become independent from the United Kingdom, majority of voters polled against it. In a vote that saw an unprecedented turnout Thursday, the campaign in favor of Scotland remaining in the UK, "Better Together", received 2,001,926 votes, or 55 percent. The campaign in favor of Scottish independence, called "Yes Scotland", had the support o
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.