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

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%. Here is a quick summary of the earnings reported after the bell on Nov. 24. 1. Amira Nature Foods Ltd (ANFI) reported net income for the second quarter of $8.3 million or $0.29 per share, compared to $5.0 million or $0.18 per share for the year-ago quarter. Excluding items, adjusted earnings...
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.