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BRONX, N.Y. (AP) _ PDL Community Bancorp (PDLB) on Monday reported fourth-quarter net income of $1.6 million, after reporting a loss in the same period a year earlier.
The bank, based in Bronx, New York, said it had earnings of 10 cents per share.
The holding company of Ponce Bank posted revenue of $19.1 million in the period. Its revenue net of interest expense was $16.5 million, which topped Street forecasts.
For the year, the company reported net income of $3.9 million, or 23 cents per share, swinging to a profit in the period. Revenue was reported as $55.2 million.
PDL Community Bancorp shares have climbed 15% since the beginning of the year. In the final minutes of trading on Monday, shares hit $12.05, a drop of roughly 5% in the last 12 months.