PBIP News 10.84 Prudential Bancorp of Pennsylvania (PBIP)
Post# of 273217
I’m Buying Prudential Bancorp
Jim Royal, The Motley Fool - Motley Fool - Fri Apr 04, 8:29PM CDT
I really like to invest in bank demutualizations, and my Special Situations portfolio is back to buy another one: Prudential Bancorp . In October, the bank completed its second-step conversion, making it a fully public institution, but it trades...
Prudential Bancorp, Inc. Announces First Quarter Fiscal 2014 Results
GlobeNewswire - Fri Jan 31, 3:30PM CST
Prudential Bancorp, Inc. (the "Company" (NasdaqBIP), successor to Prudential Bancorp, Inc. of Pennsylvania and the holding company for Prudential Savings Bank (the "Bank", today reported net income of $338,000, or $0.04 per diluted share, for the quarter ended December 31, 2013 as compared to $272,000 or $0.03 per diluted share, for the comparable period ended December 31, 2012. The improved profitability for the three months ended December 31, 2013 reflected a return to a more normalized effective tax rate than experienced in the first quarter of fiscal 2013.
Prudential Bancorp, Inc. Announces Fourth Quarter and Fiscal Year Results
GlobeNewswire - Fri Nov 08, 3:30PM CST
Prudential Bancorp, Inc. (the "Company" (NasdaqBIP), successor company to Prudential Bancorp, Inc. of Pennsylvania and the holding company for Prudential Savings Bank (the "Bank", today reported net income of $784,000, or $0.08 per diluted share, for the quarter ended September 30, 2013 as compared to $1.6 million or $0.17 per diluted share, for the comparable period in 2012. For the year ended September 30, 2013, the Company recognized net income of $1.8 million, or $0.18 per diluted share, as compared to net income of $2.6 million, or $0.27 per diluted share for the fiscal year ended September 30, 2012. The lower level of earnings for both the three months and year ended September 30, 2013 was primarily due to the reduced amount of gains on the sale of investment and mortgage-backed securities recognized during the 2013 periods as compared to the same periods in 2012.
Prudential Bancorp, Inc. of Pennsylvania Announces Third Quarter Fiscal 2013 Results
GlobeNewswire - Wed Jul 31, 3:30PM CDT
Prudential Bancorp, Inc. of Pennsylvania (the "Company" (NasdaqBIP), the "mid-tier" holding company for Prudential Savings Bank (the "Bank", today reported net income of $685,000, or $0.07 per diluted share, for the quarter ended June 30, 2013 as compared to $460,000, or $0.05 per diluted share, for the comparable period in 2012. For the nine months ended June 30, 2013, the Company recognized net income of $971,000, or $0.10 per diluted share, as compared to net income of $948,000, or $0.10 per diluted share for the comparable period in 2012. The increased level of earnings for both the three and nine month periods ended June 30, 2013 was primarily due to gains on the sale of investment and mortgage-backed securities.
Prudential Bancorp, Inc. of Pennsylvania Announces Adoption of Plan of Conversion and Reorganization
GlobeNewswire - Thu Jun 13, 3:30PM CDT
Prudential Bancorp, Inc. of Pennsylvania (the "Company" (NasdaqBIP), the "mid-tier" holding company for Prudential Savings Bank (the "Bank", today announced that the Boards of Directors of the Company, Prudential Mutual Holding Company (the "MHC" and the Bank have unanimously adopted a Plan of Conversion and Reorganization (the "Plan" pursuant to which the Bank will reorganize from the two-tier mutual holding company structure to the stock holding company structure and will undertake a "second-step" offering of shares of common stock of a new Pennsylvania corporation formed in connection with the conversion.
Prudential Bancorp, Inc. of Pennsylvania Announces Second Quarter Fiscal 2013 Results
GlobeNewswire - Fri May 03, 3:30PM CDT
Prudential Bancorp, Inc. of Pennsylvania (the "Company" (NasdaqBIP), the "mid-tier" holding company for Prudential Savings Bank (the "Bank", today reported net income of $14,000, or $0.00 per diluted share, for the quarter ended March 31, 2013 as compared to $84,000, or $0.01 per diluted share, for the comparable period in 2012. For the six months ended March 31, 2013, the Company recognized net income of $286,000, or $0.03 per diluted share, as compared to net income of $488,000, or $0.05 per diluted share for the comparable period in 2012. The decreased level of earnings for the 2013 periods primarily reflected decreases in net interest income combined with the effects of an increase in the valuation allowance related to a deferred tax asset.
Prudential Bancorp, Inc. of Pennsylvania Announces First Quarter Fiscal 2013 Results
GlobeNewswire - Fri Feb 01, 3:30PM CST
Prudential Bancorp, Inc. of Pennsylvania (the "Company" (NasdaqBIP), the "mid-tier" holding company for Prudential Savings Bank (the "Bank", today reported net income of $272,000, or $0.03 per diluted share, for the quarter ended December 31, 2012 as compared to $404,000, or $0.04 per diluted share, for the comparable period in 2011. The decreased level of earnings primarily reflected the effects of an increase in the valuation allowance related to a deferred tax asset.