U.S. Markets open in 1 hr 59 mins

PDL Community Bancorp: 1Q Earnings Snapshot

BRONX, N.Y. (AP) _ PDL Community Bancorp (PDLB) on Tuesday reported net income of $668,000 in its first quarter.

The bank, based in Bronx, New York, said it had earnings of 4 cents per share.

The holding company of Ponce Bank posted revenue of $13.1 million in the period. Its revenue net of interest expense was $10.2 million, surpassing Street forecasts.

PDL Community Bancorp shares have increased 13% since the beginning of the year. The stock has declined slightly more than 9% 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 PDLB at https://www.zacks.com/ap/PDLB