Hudson City Bancorp, Inc. (HCBK), the holding company for Hudson City Savings Bank, reported fourth-quarter net income of $47.9 million, or $0.10 per share, as compared with a $360.5 million, or $0.73 per share loss in 2011. The prior year's net loss was due to the extinguishment of $4.3 billion of borrowings, which led to an after-tax charge of $416.8 million, the company added.
On average, 13 analysts polled by Thomson Reuters expected earnings per share of $0.12 for the quarter. Analysts' estimates typically exclude one-time items.
Total interest and dividend income in the quarter fell to $388.16 million, from last year's $472.84 million.
Additionally, the board has declared a quarterly cash dividend of $0.08 per share, payable on February 28, 2013 to shareholders of record on February 11, 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.