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Oritani posts 4Q profit

WASHINGTON (AP) _ Oritani Financial Corp. (ORIT) on Thursday reported fiscal fourth-quarter profit of $2.9 million.

The bank, based in Washington, said it had earnings of 6 cents per share. Earnings, adjusted for restructuring costs, were 27 cents per share.

The holding company for Oritani Bank posted revenue of $29.2 million in the period. Its adjusted revenue was $18.9 million.

For the year, the company reported profit of $49.1 million, or $1.10 per share. Revenue was reported as $121.5 million.

Oritani shares have declined roughly 10 percent since the beginning of the year. The stock has risen slightly more than 3 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


Keywords: Oritani Financial, Earnings Report