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PDL Community Bancorp: 3Q Earnings Snapshot

BRONX, N.Y. (AP) _ PDL Community Bancorp (PDLB) on Wednesday reported third-quarter net income of $402,000, after reporting a loss in the same period a year earlier.

The Bronx, New York-based bank said it had earnings of 2 cents per share.

The holding company of Ponce Bank posted revenue of $12.5 million in the period. Its revenue net of interest expense was $10 million, beating Street forecasts.

PDL Community Bancorp shares have fallen nearly 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.68, a fall of 9 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 PDLB at https://www.zacks.com/ap/PDLB