Oritani Financial Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2012; Reports Unaudited Consolidated Loans Charged Off for the Second Quarter Ended December 31, 2012; Declares Quarterly Cash Dividend, Payable on February 22, 2013
For the six months, the company reported net income of $17,957,000 or $0.42 per diluted share compared to $14,961,000 or $0.32 per diluted share a year ago. Net interest income was $45,261,000 compared to $37,524,000 a year ago. Income before income tax expense was $28,634,000 compared to $23,098,000 a year ago.
For the quarter, the company's loans charged off was $2,211,000 against $721,000 a year ago.
The Board of Directors has declared a $0.15 quarterly cash dividend on the company's common stock. The record date for the dividend will be February 8, 2013 and the payment date will be February 22, 2013.