Prudential Bancorp, Inc. Annou –

PHILADELPHIA, May 18, 2022 (GLOBE NEWSWIRE) — Prudential Bancorp, Inc. (the “Company”) (PBIP) announced that its Board of Directors at a meeting held today declared a cash dividend of $0.07 per share on the common stock of the Company, payable on June 21, 2022 to shareholders of record at the close of business on June 7, 2022.

Prudential Bancorp, Inc. is the holding company of Prudential Bank, a Pennsylvania-chartered, FDIC-insured savings bank originally established in 1886 and headquartered in Philadelphia, Pennsylvania. Prudential operates from its headquarters and principal office in Philadelphia, Pennsylvania, as well as nine other full-service financial centers, including seven in Philadelphia, one in Drexel Hill, Delaware County, and one in Huntingdon Valley, in Montgomery County, Pennsylvania. As of March 31, 2022, the Company had assets totaling $1.0 billion, liabilities totaling $888.8 million and equity totaling $120.1 million.

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, expectations or forecasts of future financial or business performance, terms relating to the society. These forward-looking statements include statements regarding the Company’s beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, which are subject to significant risks and uncertainties and subject to change based on various factors (some of which are beyond the Company’s control). The words “may”, “could”, “should”, “would”, “should”, “believe”, “anticipate”, “estimate”, “expect”, “intend”, ” plans” and similar expressions are intended to identify forward-looking statements.

In addition to factors previously disclosed in the Company’s filings with the Securities and Exchange Commission (“SEC”) and those identified elsewhere in this press release, the following factors, among others, could cause actual results differ significantly from forecasts. forward-looking statements or historical performance: the strength of the United States economy generally and the strength of the local economies in which the Company operates; general economic conditions; the extent and duration of the ongoing COVID-19 pandemic; the effects of the COVID-19 pandemic, including on the credit quality and operations of the Company, its customers, counterparties, employees and third-party service providers as well as its impact on general economic conditions, both locally and national, including potential increases in unemployment rates, continued supply chain disruptions and reimposed restrictions on business operations in the markets in which the Company operates; legislative and regulatory changes, including actions taken by governmental authorities in response to the COVID-19 pandemic, including, but not limited to, the enactment and implementation of the CARES Act; the federal government’s monetary and fiscal policies, including in response to the COVID-19 pandemic; changes in tax policies, rates and regulations of federal, state and local tax authorities, including the effects of tax reform law; changes in interest rates, deposit flows, cost of funds, demand for lending products and demand for financial services, in each case likely to be affected by the COVID-19 pandemic, the competition; changes in the quality or composition of the Company’s loan, investment and mortgage-backed securities portfolios; the geographical concentration of the Company’s activities; fluctuations in real estate values, particularly in light of the COVID-19 pandemic; the adequacy of loan loss reserves; the effects of ongoing litigation, the risk of impairment of goodwill and intangible assets recognized in the Company’s financial statements; changes in accounting principles, policies or guidelines and other economic, competitive, governmental and technological factors affecting the Company’s operations, markets, products, services and costs.

For a complete discussion of the assumptions, risks and uncertainties relating to our business, we encourage you to review the Company’s filings with the SEC, including the “Risk Factors” section in its most recent Annual Report on Form 10. -K, as amended, for the year ended September 30, 2021.

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 under the Investor Relations menu. We undertake no obligation to update any forward-looking statements, written or oral, which may be made from time to time by or on behalf of the Company to reflect events or circumstances occurring after the date of this press release.

Jack E. RothkopfSenior Vice President, Treasurer, Chief Financial Officer, Prudential Bancorp, Inc. and Prudential Bank, 215-755-1500.


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