0000927089-14-000494.txt : 20141119 0000927089-14-000494.hdr.sgml : 20141119 20141119164602 ACCESSION NUMBER: 0000927089-14-000494 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20141119 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20141119 DATE AS OF CHANGE: 20141119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL BANCORP, INC. CENTRAL INDEX KEY: 0001578776 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036] IRS NUMBER: 000000000 STATE OF INCORPORATION: PA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-55084 FILM NUMBER: 141236034 BUSINESS ADDRESS: STREET 1: 1834 W. OREGON AVENUE CITY: PHILADELPHIA STATE: PA ZIP: 19145 BUSINESS PHONE: 215-755-1500 MAIL ADDRESS: STREET 1: 1834 W. OREGON AVENUE CITY: PHILADELPHIA STATE: PA ZIP: 19145 8-K 1 form8k.htm FORM 8-K form8k.htm
 


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
   
Washington, D.C.  20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
   
   
 
Date of Report (Date of earliest event reported)
November 19, 2014
 
   
Prudential Bancorp, Inc.
(Exact name of registrant as specified in its charter)
 
Pennsylvania
000-55084
46-2935427
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
 
Identification No.)
 
1834 West Oregon Avenue, Philadelphia, Pennsylvania
 
19145
 
(Address of principal executive offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code
(215) 755-1500
 
Not Applicable
(Former name or former address, if changed since last report)
   
   
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
 
[  ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 

 
 
Item 7.01
 Regulation FD Disclosure
 
On November 19, 2014, Prudential Bancorp, Inc. (the “Company”) issued a press release announcing the declaration of the Company’s quarterly cash dividend.  For additional information, reference is made to the Company’s press release, dated November 19, 2014, which is included as Exhibit 99.1 hereto and is incorporated herein by reference thereto.  The press release attached hereto is being furnished to the Securities and Exchange Commission and shall not be deemed to be “filed” for any purpose except as shall be expressly set forth by specific reference to such filing in other filings of the Company into which it may be incorporated.
 
Item
9.01
 Financial Statements and Exhibits
 
 
(a)
 Not applicable.
 
(b)
 Not applicable.
 
(c)
 Not applicable.
 
(d)
 The following exhibits are included with this Report:
 
 
Exhibit No.
 
Description
  99.1  
Press release announcing declaration of dividend, dated November 19, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2

 
 
 
SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
   
PRUDENTIAL BANCORP, INC.
         
         
   
By:
/s/Joseph R. Corrato
   
Name:
Joseph R. Corrato
   
Title:
Executive Vice President and Chief Financial Officer
       
Date: November 19, 2014
   
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3

 
 
 
EXHIBIT INDEX
 
 
 
 
Exhibit No.
 
Description
  99.1  
Press release announcing declaration of dividend, dated November 19, 2014
 
 
EX-99.1 2 pr.htm PRESS RELEASE pr.htm
 


Exhibit 99.1

FOR RELEASE:  IMMEDIATELY



PRUDENTIAL BANCORP, INC. ANNOUNCES
DECLARATION OF QUARTERLY CASH DIVIDEND

Philadelphia, Pennsylvania (November 19, 2014) -- Prudential Bancorp, Inc. (the “Company”) (Nasdaq: PBIP) announced that its Board of Directors, at a meeting held today, declared a quarterly cash dividend of $0.03 per share on the common stock of the Company, payable on December 19, 2014 to the shareholders of record at the close of business on December 5, 2014.

‘”We are pleased to announce our third quarterly cash dividend since completing our second-step conversion last fall” said Thomas A. Vento, Chairman, President and Chief Executive Officer. “We continue to execute on our commitment to enhance shareholder value while ensuring that the Company maintains a strong capital position.” Mr. Vento went on to say, “immediately after the first anniversary of our second-step conversion to a fully public company on October 9, 2014, we initiated a stock repurchase plan to repurchase 950,000 shares of our common stock.  As of today we have repurchased a total of 157,900 shares pursuant to this plan. As we have stated previously, implementing stock repurchases and paying cash dividends are integral parts of our capital management strategy.”

Prudential Bancorp, Inc. is the holding company for Prudential Savings Bank, a Pennsylvania-chartered, FDIC-insured savings bank originally organized in 1886 and headquartered in Philadelphia, Pennsylvania.  Prudential Savings Bank operates six full service offices in Philadelphia and one office in Drexel Hill, Pennsylvania.  At September 30, 2014, the Company had assets totaling $525.4 million, liabilities totaling $396.0 million and $129.4 million of shareholders’ equity.

Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995.  Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts.  They often include words like “believe,” “expect,” “anticipate,” “estimate” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.”  Forward-looking statements, by their nature, are subject to risks and uncertainties.  A number of factors, many of which are beyond the Company's control, could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements.  The Company's reports filed from time-to-time with the Securities and Exchange Commission, describe some of these factors, including general economic conditions, changes in interest rates, deposit flows, the cost of funds, changes in credit quality and interest rate risks associated with the Company's business and operations.  Other factors described include changes in our loan portfolio, changes in competition, fiscal and monetary policies and legislation and regulatory changes.  Investors are encouraged to access the Company's periodic reports filed with the Securities and Exchange Commission for financial and business information regarding the Company at www.Prudentialsavingsbank.com under the Investor Relations menu. We undertake no obligation to update any forward-looking statements.

Contacts:

Thomas A. Vento, Chairman, President and Chief Executive Officer, Prudential Bancorp, Inc. and Prudential Savings Bank, 215-755-1500.

Joseph R. Corrato, Executive Vice President and Chief Financial Officer, Prudential Bancorp, Inc. and Prudential Savings Bank, 215-755-1500.