Astoria Financial (AF) Misses Q1 EPS by 2c, Slight Miss on Revenue

Astoria Financial (NYSE: AF) reported Q1 EPS of $0.12, $0.02 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $80.1 million versus the consensus estimate of $80.47 million.

Future Outlook

Commenting on the Company's future outlook, Mr. Redman stated, "As we previously announced on March 7, 2017, we have entered into a definitive agreement to merge with Sterling Bancorp. We believe that combining our significant strengths will create a strong regional bank that will provide exceptional value for our investors while maintaining our strong commitment to our customers and the communities we serve."

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

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