Revenue during the quarter dropped 5.45 percent to $3.45 million from $3.65 million in the previous year period. Net interest income for the quarter rose 50.67 percent over the prior year period to $5.30 million. Non-interest income for the quarter rose 147.85 percent over the last year period to $0.52 million.

Prudential Bancorp, Inc. has made provision of $2.36 million for loan losses during the quarter, up 3,053.33 percent from $0.08 million in the same period last year.

Net interest margin improved 3 basis points to 2.76 percent in the quarter from 2.73 percent in the last year period. Efficiency ratio for the quarter deteriorated to 116.26 percent from 75.04 percent in the previous year period. A rise in efficiency ratio suggests a fall in profitability.

Return on average assets was negative at 1.03 percent in the quarter against a positive 0.41 percent in the last year period. Return on average equity was negative at 6.49 percent in the quarter against a positive 1.92 percent in the last year period.

Nonperforming assets stood at $16.61 million as on Mar. 31, 2017. Meanwhile, nonperforming assets to total assets was 1.97 percent in the quarter, down from 2.82 percent in the last year period.

Tier-1 leverage ratio stood at 15.70 percent for the quarter, down from 20.76 percent for the previous year quarter. Average equity to average assets ratio was 15.83 percent for the quarter, down from 21.44 percent for the previous year quarter.