PBIP - PBIP STOCK NEWS

Prudential Bancorp reported a net income of $2.2 million for Q3 2021, down from $3.6 million in Q3 2020, translating to $0.28 per share. For the nine months ending June 30, 2021, net income was $5.8 million compared to $9.0 million in 2020. The bank improved its net interest margin to 2.13% but faced a decline in non-interest income due to fewer gains on securities sales. The company's tangible book value rose to $15.94 per share. Total assets decreased to $1.1 billion, while net loans increased by $21.5 million.

Prudential Bancorp, Inc. (Nasdaq: PBIP) declared a quarterly cash dividend of $0.07 per share, payable on June 21, 2021 to shareholders of record by June 7, 2021. The company has assets totaling $1.2 billion and shareholder equity of $130.3 million as of March 31, 2021. Prudential Bancorp is the holding company for Prudential Bank, operating from Philadelphia, Pennsylvania, with nine financial centers. The release includes forward-looking statements that are subject to risks and uncertainties, including the impacts of COVID-19 on the economy and the company.

Prudential Bancorp, Inc. (Nasdaq: PBIP) reported a net income of $1.7 million for the quarter ending March 31, 2021, a decline from $2.9 million the previous year. Earnings per share were $0.22 basic and $0.21 diluted. For the first half of fiscal 2021, net income was $3.6 million, down from $5.4 million in 2020. Net loans increased by $32.6 million to $620.9 million. The net interest margin improved to 2.08%, although total assets decreased by $17.4 million to approximately $1.2 billion.

Prudential Bancorp, Inc. (Nasdaq: PBIP) has declared a quarterly cash dividend of $0.07 per share, payable on March 22, 2021, to shareholders recorded by March 8, 2021. The company, established in 1886 and based in Philadelphia, has total assets of $1.2 billion and shareholders’ equity of $131.2 million as of December 31, 2020. Prudential Bank operates nine financial centers in Pennsylvania and remains committed to maintaining financial stability.

Prudential Bancorp (PBIP) reported a net income of $1.8 million ($0.23 per diluted share) for Q1 2021, down from $2.5 million ($0.28 per diluted share) in Q1 2020. The net loans receivable increased by $17.6 million to $605.9 million. The net interest margin improved to 2.02%, while net interest income declined to $5.7 million from $6.3 million. Non-interest income dropped to $537,000 from $832,000. Total assets decreased by $29 million to approximately $1.2 billion. The company had no loans on COVID-19 deferral as of December 31, 2020.

Prudential Bancorp (PBIP) announced a new stock repurchase program, permitting the buyback of up to 390,000 shares, or about 5% of its outstanding shares. This follows the completion of a previous program where 184,170 of 407,000 shares were repurchased at an average cost of $11.98, below the company's book value. The repurchases may occur in open market transactions over one year, contingent on market conditions. The initiative aims to enhance shareholder value and demonstrates the Board's confidence in the company's future, despite ongoing economic uncertainties due to COVID-19.

Prudential Bancorp, Inc. (Nasdaq: PBIP) has declared a quarterly cash dividend of $0.07 per share, payable on December 21, 2020, to shareholders who are on record by December 7, 2020. The Company, which operates Prudential Bank, had assets of $1.2 billion and shareholders’ equity of $129.1 million as of September 30, 2020. It operates from its headquarters in Philadelphia and nine additional financial centers. Investors should consider the potential impacts of economic conditions and the COVID-19 pandemic on future performance.

Prudential Bancorp, Inc. (Nasdaq:PBIP) reported a net income of $548,000, or $0.07 per share, for Q4 2020, down from $2.6 million ($0.30/share) in Q4 2019. For the fiscal year, net income increased to $9.6 million, or $1.12/share, compared to $9.5 million, or $1.09/share in 2019. The efficiency ratio improved to 54.1% from 58.4% year-over-year. Loan loss provisions rose to $1.7 million for the quarter due to COVID-19 impacts, with non-performing assets totaling $13.0 million, stable from 2019. The company repurchased 829,388 shares and originated 63 PPP loans totaling $5.1 million.

Prudential Bancorp reported net income of $3.6 million ($0.44 per share) for Q2 2020, up from $2.6 million ($0.30 per share) in Q2 2019. For the nine months ended June 30, 2020, net income reached $9.0 million ($1.04 per share), compared to $6.9 million in the same period in 2019. Efficiency ratio improved to 44.1% for Q2 2020. The bank has increased its loan loss provisions to $750,000 due to economic challenges from COVID-19, while net interest income decreased to $5.3 million. The bank participated in the PPP, originating 63 loans totaling $5.1 million.