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Oritani posts 1Q profit

WASHINGTON (AP) _ Oritani Financial Corp. (ORIT) on Wednesday reported fiscal first-quarter net income of $12 million.

The Washington-based bank said it had earnings of 27 cents per share.

The holding company for Oritani Bank posted revenue of $38.9 million in the period. Its adjusted revenue was $28.6 million.

Oritani shares have dropped 9 percent since the beginning of the year. The stock has risen roughly 8 percent in the last 12 months.

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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