Oritani Financial Corp. (ORIT) Financial Statements (2024 and earlier)

Company Profile

Business Address 370 PASCACK ROAD
TOWNSHIP OF WASHINGTON, NJ 07676
State of Incorp. DE
Fiscal Year End June 30
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2019
MRQ
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 20,50323,61333,25216,57126,50918,931
Cash and cash equivalents 19,14523,61333,25216,57126,50918,931
Short-term investments 1,358     
Total current assets: 20,50323,61333,25216,57126,50918,931
Noncurrent Assets
Property, plant and equipment 12,90413,45513,90914,33814,43114,675
Long-term investments and receivables    4,3076,6586,391
Long-term investments    4,3076,6586,391
Total noncurrent assets: 12,90413,45513,90918,64521,08921,066
Other undisclosed assets 4,037,1094,129,9714,090,5233,634,1223,305,4673,100,203
TOTAL ASSETS: 4,070,5164,167,0394,137,6843,669,3383,353,0653,140,200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities 3,541,3693,607,6933,578,4613,134,1382,835,3952,613,908
Total liabilities: 3,541,3693,607,6933,578,4613,134,1382,835,3952,613,908
Equity
Equity, attributable to parent, including: 529,147559,346559,223535,200517,670526,292
Common stock 562562562562562562
Treasury stock, value (153,091)(129,433)(136,517)(146,173)(162,344)(140,451)
Additional paid in capital 515,491514,002512,337513,177508,999504,434
Deferred compensation equity (216)(176)(458)   
Accumulated other comprehensive income (loss) (546)11,2233,520(10,072)(1,848)2,194
Retained earnings 182,032179,799198,186202,429203,192195,970
Unearned esop shares  (16,631)(18,407)(20,481)(22,803)(24,331)
Other undisclosed equity, attributable to parent (15,085)  (4,242)(8,088)(12,086)
Total equity: 529,147559,346559,223535,200517,670526,292
TOTAL LIABILITIES AND EQUITY: 4,070,5164,167,0394,137,6843,669,3383,353,0653,140,200

Income Statement (P&L) ($ in thousands)

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues 144,457144,846133,905126,289127,227 
Net investment income 144,457144,051133,967125,427125,546 
Cost of revenue
(Financial Services Costs)
     (200)(700)
Gross profit: 144,457144,846133,905126,289127,027(700)
Operating expenses (5,705)(32,327)(34,755)(39,167)(36,849)(29,910)
Other operating income, net
(Noninterest Income, Other Operating Income)
 22303333324284291
Operating income (loss): 138,774112,82299,48387,44690,462(30,319)
Nonoperating income (expense) 3,2892,490(4,283)4,5246,5624,234
Loss on contract termination   (7,670)   
Gains (losses) on sales of other real estate 855(2) 328(9)221
Bank owned life insurance income 2,4342,4922,6182,7182,5552,018
Real estate investment partnership revenue   7691,1771,805860
Profit from real estate operations    3011,3501,135
Interest and debt expense (54,667)(42,900)(37,851)(34,023)(35,009)(31,103)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (18,335)1,59818,17722,88211,102119,735
Income from continuing operations before income taxes: 69,06174,01075,52680,82973,11662,547
Income tax expense (17,002)(31,116)(26,382)(28,534)(26,214)(21,488)
Income from continuing operations: 52,05942,89449,14452,29546,90241,059
Income before gain (loss) on sale of properties: 52,05942,89449,14452,29546,90241,059
Net income available to common stockholders, diluted: 52,05942,89449,14452,29546,90241,059

Comprehensive Income ($ in thousands)

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income: 52,05942,89449,14452,29546,90241,059
Other comprehensive income (loss) (11,111)6,60313,592(8,224)(4,042)(2,236)
Comprehensive income, net of tax, attributable to parent: 40,94849,49762,73644,07142,86038,823

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: