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PDL Community Bancorp: 4Q Earnings Snapshot

BRONX, N.Y. (AP) _ PDL Community Bancorp (PDLB) on Wednesday reported fourth-quarter net income of $635,000, after reporting a loss in the same period a year earlier.

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 $10.4 million, beating Street forecasts.

For the year, the company reported profit of $2.7 million, or 15 cents per share. Revenue was reported as $39.6 million.

PDL Community Bancorp shares have risen 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.65, a drop of roughly 8 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