HUDSON CITY BANCORP INC (HCBK) 13.30 -$0.02 (-0.15%) 07:03PM (15 mins delay)

Hudson City Bancorp Q3: Earnings In-Line

Oct 21, 2009 - 3:53 PM EDT

Zacks.com submits:

Hudson City Bancorp’s (HCBK) third quarter 2009 operating earnings came in at 27 cents per share, a penny ahead of the Zacks Consensus Estimate's 26 cents per share. This was an increase over 25 cents last year. The company continued to experience strong lending revenue, even though provisions for losses increased and other credit quality metrics worsened.

Net income increased 10.8% to $135.1 million as compared to $121.9 million in the prior-year quarter. This increase occurred in the face of significantly higher deposit insurance fees, including an across-the-industry special assessment as well as a significantly higher provision for loan losses.

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Source: Seeking Alpha (Oct 21, 2009 - 3:53 PM EDT)