(Reuters) - Net income for the Lake Success, New York-based company
fell to $34.1 million, or 37 cents per share, from $47.8
million, or 49 cents per share, a year earlier.
"While the recent increase in long-term interest rates is
positive, there is a lag in the benefit to Astoria, as our
interest-bearing liabilities continue to reprice somewhat
faster than our interest-earning assets," Astoria Chief
Executive George Engelke Jr. said in a statement.
Read more at Reuters.com Market News
fell to $34.1 million, or 37 cents per share, from $47.8
million, or 49 cents per share, a year earlier.
"While the recent increase in long-term interest rates is
positive, there is a lag in the benefit to Astoria, as our
interest-bearing liabilities continue to reprice somewhat
faster than our interest-earning assets," Astoria Chief
Executive George Engelke Jr. said in a statement.
Read more at Reuters.com Market News
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