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PDL Community Bancorp: 2Q Earnings Snapshot

Last Updated Jul 31, 2020 at 2:32 pm PDT

BRONX, N.Y. (AP) _ PDL Community Bancorp (PDLB) on Friday reported a loss of $571,000 in its second quarter.

The Bronx, New York-based bank said it had a loss of 3 cents per share.

The holding company of Ponce Bank posted revenue of $13 million in the period. Its revenue net of interest expense was $10.1 million, topping Street forecasts.

PDL Community Bancorp shares have fallen 38% since the beginning of the year. In the final minutes of trading on Friday, shares hit $9.10, a fall of 37% in the last 12 months.

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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

The Associated Press