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Prudential Bancorp has closed its acquisition of Huntingdon Valley’s Polonia Bancorp for $37 million, effective Jan. 1. Under terms of the stock and cash deal, South Philadelphia-based Prudential acquired 100 percent of the outstanding shares of Polonia in exchange for a mixture of cash and common shares of Prudential. Polonia shareholders will receive $11.28 per each share.
Click here to see latest analysisPolonia Bancorp, Inc. reports financial results for the quarter ended December 31, 2015.HighlightsSummary numbers: Revenues of USD 1.78 million, Net Earnings of USD -0.47 million.Net interest income margins widened from 62.14% to 89.83% compared to the same period last year.Net loan assets changed -18.84% compared to same period last year […] (Read more...) The post Polonia Bancorp, Inc. :PBCP-US: Earnings Analysis: Q4, 2015 By the Numbers appeared first on CapitalCube.
Deep value investor Tim Melvin had the opportunity to speak with Nate Tobik of Complete Bank Data and Oddballstocks.com. Below is a full transcript of their conversation. Benzinga: Hey Nate, how are you ...