Astoria's Earnings Fall on Tighter Margins and Servicing Charge

November 2006
National Mortgage News;11/6/2006, Vol. 31 Issue 7, p19
Trade Publication
The article reports on the business losses of Astoria Financial Corp. as the third quarter of 2006 ended in Lake Success, New York. The company accounted net income of $41.1 million or $0.43 per diluted share in the third quarter which is down from $59.2 million or $0.57 per share in the third quarter of 2005. According to the company's CEO George Engelke, the company has continued shrinking its balance sheet by reducing the securities portfolio and borrowings.


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