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Oritani: Fiscal 4Q Earnings Snapshot

WASHINGTON (AP) _ Oritani Financial Corp. (ORIT) on Tuesday reported fiscal fourth-quarter profit of $13.5 million.

The bank, based in Washington, said it had earnings of 30 cents per share.

The holding company for Oritani Bank posted revenue of $40.3 million in the period. Its revenue net of interest expense was $28.7 million, which topped Street forecasts.

For the year, the company reported profit of $42.9 million, or 95 cents per share. Revenue was reported as $113.5 million.

Oritani shares have decreased roughly 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.25, a fall of roughly 4 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