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Oritani: Fiscal 2Q Earnings Snapshot

TOWNSHIP OF WASHINGTON, N.J. (AP) _ Oritani Financial Corp. (ORIT) on Thursday reported fiscal second-quarter profit of $13.4 million.

The bank, based in Township Of Washington, New Jersey, said it had earnings of 31 cents per share.

The holding company for Oritani Bank posted revenue of $40.7 million in the period. Its revenue net of interest expense was $27.7 million, exceeding Street forecasts.

Oritani shares have increased 10 percent since the beginning of the year. The stock has dropped 1 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORIT at https://www.zacks.com/ap/ORIT