Prudential Bancorp

Prudential Savings Bank is a Pennsylvania chartered savings bank originally organized in 1886 as a Pennsylvania chartered mutual building and loan association. We were originally known as ''The South Philadelphia Building and Loan Association No. 2''. We converted to a mutual savings bank in August 2004, to a Mutual Holding Company structure in March 2005 and subsequently to a wholly owned stock subsidiary of Prudential Bancorp, Inc. in October 2013.

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Wheeler Real Estate Investment Trust

VIRGINIA BEACH, VA / ACCESSWIRE / September 5, 2023 / Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) ("Wheeler" or the "Company"), today announced the election of Dennis Pollack to the Company's Board of Directors (the "Board"), and his appointment to the Audit Committee of the Board (the "Audit Committee"). Mr. Pollack's election to the Board and appointment to the Audit Committee are effective as of September 5, 2023.

Wheeler Announces Dennis Pollack's Election to the Board of Directors and Appointment to The Audit Committee

Fulton Financial

LANCASTER, Pa.--(BUSINESS WIRE)--Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) today announced the successful completion of its acquisition of Prudential Bancorp, Inc. (formerly NASDAQ: PBIP) (“Prudential Bancorp”) headquartered in Philadelphia, Pennsylvania, in a transaction in which Prudential Bancorp was merged into Fulton (the “Merger”). “We are excited to have completed, in approximately four months, the acquisition of Prudential Bancorp,” said E. Philip Wenger, Fulton's Chairman

Fulton Financial Corporation Completes Acquisition of Prudential Bancorp, Inc.

Shareholders of Prudential Bancorp (PBIP) approve merger deal with Fulton Financial (FULT). The transaction will likely close in early July.

Fulton (FULT)-Prudential (PBIP) Merger Gets Shareholder Nod

LANCASTER, Pa. & PHILADELPHIA--(BUSINESS WIRE)--Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) and Prudential Bancorp, Inc. (NASDAQ: PBIP) (“Prudential Bancorp”) today announced that Prudential Bancorp shareholders have voted to approve Fulton's acquisition of Prudential Bancorp and its subsidiary, Prudential Bank, located in Philadelphia, with more than 98% of the votes cast being voted in favor of approving the Agreement and Plan of Merger (the “Merger Agreement”) that was previously

Prudential Bancorp, Inc. Receives Shareholder Approval for Merger with Fulton Financial Corporation

LANCASTER, Pa. & PHILADELPHIA--(BUSINESS WIRE)--Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) is pleased to announce that both the Federal Reserve Bank of Philadelphia and the Pennsylvania Department of Banking and Securities have approved the respective applications by Fulton to acquire Prudential Bancorp, Inc. (NASDAQ: PBIP) (“Prudential”) and, indirectly, to acquire Prudential Bank, located in Philadelphia. “These regulatory approvals mark an important milestone in this acquisition,

Fulton Financial Corporation Receives Regulatory Approvals for Prudential Bancorp, Inc. Acquisition

PHILADELPHIA, May 18, 2022 (GLOBE NEWSWIRE) -- Prudential Bancorp, Inc. (the “Company”) (Nasdaq: PBIP) announced that its Board of Directors, at a meeting held today, declared a quarterly cash dividend of $0.07 per share on the common stock of the Company, payable on June 21, 2022, to the shareholders of record at the close of business on June 7, 2022.

Prudential Bancorp, Inc. Announces Declaration of Quarterly Cash Dividend

CEDARHURST, N.Y.--(BUSINESS WIRE)--Kuznicki Law PLLC is investigating the proposed sale of Prudential Bancorp, Inc. (NasdaqGM: PBIP) to Fulton Financial Corporation (NasdaqGS: FULT). Under the terms of the proposed transaction, shareholders of Prudential will receive only $3.65 in cash and 0.7974 shares of Fulton for each share of Prudential that they own. If you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, contact us toll free

PRUDENTIAL BANCORP INVESTOR ALERT - Kuznicki Law PLLC Investigates Proposed Sale of Prudential Bancorp, Inc. - PBIP

Prudential Bancorp (PBIP) delivered earnings and revenue surprises of 10% and 7.59%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Prudential Bancorp (PBIP) Tops Q2 Earnings Estimates

PHILADELPHIA, April 29, 2022 (GLOBE NEWSWIRE) -- Prudential Bancorp, Inc. (the “Company”) (Nasdaq:PBIP), the holding company for Prudential Bank (the “Bank”), reported a net loss of $6.5 million, or ($0.84) per basic and diluted share, for the quarter ended March 31, 2022 as compared to net income of $1.7 million, or $0.22 per basic share and $0.21 per diluted share, for the same quarter in fiscal 2021. For the six months ended March 31, 2022, the Company reported a net loss of $4.7 million, or ($0.60) per basic and diluted share as compared to net income of $3.6 million, or $0.44 per basic and diluted share, for the same period in fiscal 2021. The losses incurred for the fiscal 2022 periods were attributable to the previously disclosed litigation settlements described below as well as expenses incurred in conjunction with the pending merger with Fulton Financial Corporation (“Fulton”) announced on March 2, 2022. Operating net income (a non-GAAP measure; see “Non-GAAP Measures Disclosures”) of $1.7 million and $3.6 million, respectively, for the three and six month periods ended March 31, 2022 was substantially the same as the comparable periods in fiscal 2021.

Prudential Bancorp, Inc. Announces Second Quarter Fiscal 2022 Results

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Prudential Bancorp, Inc. (NasdaqGM: PBIP) to Fulton Financial Corporation (NasdaqGS: FULT). Under the terms of the proposed transaction, shareholders of Prudential will receive only $3.65 in cash and 0.7974 shares of Fulton for each share of Prudential that they own. KSF is seeking to determine whether this co

PRUDENTIAL BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Prudential Bancorp, Inc. - PBIP

Wilmington, Delaware--(Newsfile Corp. - March 8, 2022) - Rigrodsky Law, P.A. is investigating Prudential Bancorp, Inc. ("Prudential") (NASDAQ: PBIP) regarding possible breaches of fiduciary duties and other violations of law related to Prudential's agreement to be acquired by Fulton Financial Corp. ("Fulton") (NASDAQ: FULT). Under the terms of the agreement, Prudential's shareholders will receive 0.7974 shares of Fulton for each share of Prudential common stock they own and $28 million total in cash.To learn more...

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Prudential Bancorp, Inc. Merger

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of Prudential Bancorp, Inc. (NASDAQ: PBIP) to Fulton Financial Corporation is fair to Prudential shareholders. Under the terms of the merger, Prudential shareholders will receive 0.7974 shares of Fulton common stock and $3.65 in cash for each Prudential share that they own. Halper Sadeh encourages Prudential shareholders to click here to learn more about their legal rights and options or

PBIP Investigation Alert: Halper Sadeh LLP Is Investigating Whether the Sale of Prudential Bancorp, Inc. Is Fair to Shareholders

LANCASTER, Pa. & PHILADELPHIA--(BUSINESS WIRE)--Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) and Prudential Bancorp, Inc. (NASDAQ: PBIP) (“Prudential”) announced today that they have entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) under which Prudential will merge with and into Fulton in a stock and cash transaction. Fulton Financial Corporation, the bank holding company for Fulton Bank, N.A. (www.fultonbank.com), with consolidated assets of approximate

Fulton Financial Corporation and Prudential Bancorp, Inc. Announce Merger, Strengthening Fulton's Presence in Philadelphia

PHILADELPHIA, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Prudential Bancorp, Inc. (the “Company”) (Nasdaq: PBIP) announced that its Board of Directors, at a meeting held today, declared a quarterly cash dividend of $0.07 per share on the common stock of the Company, payable on March 21, 2022, to the shareholders of record at the close of business on March 7, 2022.

Prudential Bancorp, Inc. Announces Declaration Of Quarterly Cash Dividend

Prudential Bancorp (PBIP) delivered earnings and revenue surprises of 9.09% and 6.96%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Prudential Bancorp (PBIP) Q1 Earnings Beat Estimates

PHILADELPHIA, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Prudential Bancorp, Inc. (the “Company”) (Nasdaq:PBIP), the holding company for Prudential Bank (the “Bank”), reported net income of $1.8 million, or $0.24 per diluted share, for the quarter ended December 31, 2021 as compared to $1.8 million or $0.23 per diluted share, for the comparable period in 2020.

Prudential Bancorp, Inc. Announces First Quarter Fiscal 2021 Results

Prudential Bancorp (PBIP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Prudential Bancorp (PBIP) Q1 Earnings Expected to Decline

PHILADELPHIA, Nov. 12, 2021 (GLOBE NEWSWIRE) -- Prudential Bancorp, Inc. (the “Company”) (Nasdaq:PBIP), the holding company for Prudential Bank (the “Bank”), reported net income of $2.0 million, or $0.26 per basic and $0.25 per diluted share, for the quarter ended September 30, 2021 as compared to $548,000, or $0.07 per basic and diluted share, for the same quarter in fiscal 2020. For the fiscal year ended September 30, 2021, the Company reported net income of $7.8 million, or $0.98 per basic and diluted share as compared to $9.6 million, or $1.12 per basic and diluted share, for fiscal 2020. Fiscal year 2020 included significant gains on sales of investment securities available for sale.

Prudential Bancorp, Inc. Announces Fiscal 2021 Results

Prudential Bancorp (PBIP) Earnings Expected to Grow: Should You Buy?

Prudential Bancorp is trading well below tangible book value, yet could be sold for much more.

Prudential Bancorp: A Forgotten Thrift Conversion That Could Return 50%

PHILADELPHIA, July 23, 2021 (GLOBE NEWSWIRE) -- Prudential Bancorp, Inc. (the “Company”) (Nasdaq:PBIP), the holding company for Prudential Bank (the “Bank”), reported net income of $2.2 million, or $0.28 per basic and per diluted share, for the quarter ended June 30, 2021 as compared to $3.6 million, or $0.44 per basic and per diluted share, for the same quarter in fiscal 2020. For the nine months ended June 30, 2021, the Company reported net income of $5.8 million, or $0.73 per basic share and $0.72 per diluted share as compared to $9.0 million, or $1.04 per basic and $1.03 per diluted share, for the same period in fiscal 2020.   The 2020 periods included significant gains on sales of investment securities available for sale.

Prudential Bancorp, Inc. Announces Third Quarter Fiscal 2021 Results

PHILADELPHIA, April 23, 2021 (GLOBE NEWSWIRE) -- Prudential Bancorp, Inc. (the “Company”) (Nasdaq:PBIP), the holding company for Prudential Bank (the “Bank”), reported net income of $1.7 million, or $0.22 per basic share and $0.21 per diluted share, for the quarter ended March 31, 2021 as compared to $2.9 million, or $0.33 per basic share and $0.32 per diluted share, for the same quarter in fiscal 2020. For the six months ended March 31, 2021, the Company reported net income of $3.6 million, or $0.44 per basic share and $0.44 per diluted share as compared to $5.4 million, or $0.61 per basic and $0.60 per diluted share, for the same period in fiscal 2020.   The 2020 periods included significant gains on sales of investment securities available for sale.

Prudential Bancorp, Inc. Announces Second Quarter Fiscal 2021 Results

PHILADELPHIA, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Prudential Bancorp, Inc. (the “Company”) (Nasdaq: PBIP) announced today that its Board of Directors approved the Company's fifth stock repurchase program covering up to 390,000 shares or approximately 5% of its issued and outstanding shares of common stock, taking in account the completion of the current repurchase program. The Company has purchased 184,170 shares of the 407,000 shares covered by the Company's fourth repurchase program announced in June 2020 at an average cost per share of $11.98, well below the Company's book value per share. The shares covered by the fifth repurchase program may be purchased in the open market or in privately negotiated transactions from time to time depending upon market conditions and other factors over a one-year period or such longer period of time as may be necessary to complete such repurchases. Repurchases are expected to commence promptly following the later of announcement of the Company's operating results for the quarter year ended December 31, 2020 or the completion of the Company's current repurchase program.

Prudential Bancorp, Inc. Announces Adoption of New Stock Repurchase Program

PHILADELPHIA, Pa., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Prudential Bancorp, Inc. (the “Company”) (Nasdaq:PBIP), the holding company for Prudential Bank (the “Bank”), reported net income of $548,000, or $0.07 per basic and diluted share, for the quarter ended September 30, 2020 as compared to $2.6 million, or $0.30 per basic share and $0.29 per diluted share, for the same quarter in fiscal 2019. For the fiscal year ended September 30, 2020, the Company reported net income of $9.6 million, or $1.12 per basic and diluted share as compared to $9.5 million, or $1.09 per basic and $1.07 per diluted share, for fiscal 2019.  

Prudential Bancorp, Inc. Announces Fiscal 2020 Results; Record Earnings For Third Consecutive Year

PHILADELPHIA, Sept.  29, 2020  (GLOBE NEWSWIRE) -- Prudential Bancorp, Inc. (the “Company”) (Nasdaq:PBIP), the holding company for Prudential Bank (the “Bank”), announced updated loan deferral information which includes a substantial decrease in the amount of loans on temporary deferral compared to June 30, 2020. As of September 15, 2020, loan deferrals totaled approximately $4.9 million, or 0.7%, of total loans as of such date compared to approximately $149.7 million, or 21.6%, of total loans on deferral at June 30, 2020. The loans still on deferral at September 15, 2020 consisted of six commercial loans, four of which with an aggregate principal balance of approximately $644,000 were still in the first 90 day deferral period. Of the six loans still on deferral, two are participation interests totaling approximately $4.3 million for which the Bank is not the lead lender, and which relate to one borrowing relationship. The four remaining loans are all related to one borrowing relationship. All the loans which are no longer on temporary deferral are current in their loan payments.

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