Roma Financial Corp. (ROMA), the holding company of Roma Bank, Monday reported a decline in second-quarter profit. For the second quarter ended June 30, Robbinsville, New Jersey-headquartered Roma Financial's net income dropped to $0.9 million or $0.03 per share from $1.4 million or $0.05 per share in the comparable quarter last year.
For six months, net income was $2.3 million or $0.08 per share, down from $3.2 million or $0.11 per share in the year-ago period.
Peter Inverso, president and CEO, said, "Unprecedented low interest rates continue to constrict yields on loans and investments, and in concert with high liquidity and tepid commercial loan demand, caused a decline in interest income in both the comparative three and six month periods.
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