Astoria Financial Corp. (AF) Tops Q4 EPS by 1c, Offers Outlook

Astoria Financial Corp. (NYSE: AF) reported Q4 EPS of $0.17, $0.01 better than the analyst estimate of $0.16.

Future Outlook

Commenting on the Company's future outlook, Mr. Redman stated, "The results that we have reported continue to provide us with evidence that the path we have chosen to become a more fully diversified, full-service community bank is, indeed, the correct one. We are encouraged by the first net growth we have seen in the loan portfolio in the past nine quarters and our fourth consecutive year of double digit growth in business deposits. We believe that we will continue to grow these deposits in 2015 which will also provide us with some measure of interest rate sensitivity protection."

"With respect to our net interest margin, while we are pleased with the 7 basis point growth to 2.32% which we achieved for the full year 2014 compared to the full year 2013, given the headwinds created by the flattening of the yield curve in this continued low rate environment, we believe that our net interest margin for 2015 will be relatively flat compared to our 2014 net interest margin.

For earnings history and earnings-related data on Astoria Financial Corp. (AF) click here.

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