logo
Share SHARE
FONT-SIZE Plus   Neg

Prudential Bancorp, Inc. Of Pennsylvania Swings To Q2 Profit

Prudential Bancorp, Inc. of Pennsylvania (PBIP) reported net income for the second quarter of $84,000, or $0.01 per share, compared to a net loss of $1.9 million or $0.20 per share for the year-ago quarter.

Net interest income for the quarter decreased 8.5% to $3.3 million from $3.6 million a year ago. Provision for loan losses for the quarter was $100,000, compared to $3.6 million last year.

Non-interest income for the second quarter declined to $133,000 from $175,000 a year earlier.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Royal Bank of Canada got the highest ranking in overall customer satisfaction among the five biggest Canadian banks, according to the results of an annual survey released Thursday. The lender toppled Toronto-Dominion Bank, which had held the top spot for the past ten years. Ford Motor Co.(F) reported a profit for the second-quarter that declined 8.8 percent from last year, while total revenue increased about 6 percent. The company now sees risks challenging achieving 2016 guidance. ConocoPhillips on Thursday reported a loss for the second quarter that widened from last year, reflecting lower revenues and one-time charges. The results for the quarter missed analysts' estimates. However, the company raised its production outlook for the full-year. Like other companies in the oil industry, ConocoPhillips is struggling with lower oil prices.
comments powered by Disqus
Follow RTT