Revenue during the quarter grew 6.89 percent to $7.17 million from $6.71 million in the previous year period. Net interest income for the quarter rose 10.66 percent over the prior year period to $7.12 million.

Clifton Bancorp Inc. has made provision of $0.41 million for loan losses during the quarter, up 118.52 percent from $0.19 million in the same period last year.

Net interest margin contracted 11 basis points to 2.27 percent in the quarter from 2.38 percent in the last year period. Efficiency ratio for the quarter deteriorated to 70.61 percent from 70.08 percent in the previous year period. A rise in efficiency ratio suggests a fall in profitability.

Paul M. Aguggia, Chairman, President, and Chief Executive Officer, stated, 'Our efforts to increase awareness of the CSBK brand among commercial/ multi-family real estate borrowers have successfully resulted in another quarter of substantive commercial loan growth. Positive momentum continues in our residential loan business and with CSBK's deposit generation activities as well. We look forward to continuing to drive organic growth through calendar year 2017.'

Investments stood at $319.16 million as on Dec. 31, 2016, down 10.59 percent or $37.81 million from year-ago. Shareholders equity stood at $303.10 million as on Dec. 31, 2016, down 9.24 percent or $30.86 million from year-ago.

Return on average assets moved down 10 basis points to 0.36 percent in the quarter from 0.46 percent in the last year period. At the same time, return on average equity increased 3 basis points to 1.61 percent in the quarter from 1.58 percent in the last year period.

Nonperforming assets moved down 4.92 percent or $0.22 million to $4.17 million on Dec. 31, 2016 from $4.39 million on Dec. 31, 2015. Meanwhile, nonperforming assets to total assets was 0.30 percent in the quarter, down from 0.38 percent in the last year period.