TOWNSHIP OF WASHINGTON, N.J., April 25, 2018 (GLOBE NEWSWIRE) -- Oritani Financial Corp. (the “Company” or “Oritani”) (NASDAQ:ORIT), the holding company for Oritani Bank (the “Bank”), reported net income of $13.4 million, or $0.30 per basic and diluted common share, for the three months ended March 31, 2018, and $29.4 million, or $0.67 per basic (and $0.65 diluted) common share, for the nine months ended March 31, 2018. Net income was $24.3 million, or $0.56 per basic (and $0.54 diluted) common share, for the three months ended March 31, 2017, and $46.3 million, or $1.07 per basic (and $1.04 diluted) common share, for the nine months ended March 31, 2017. Results for the nine months ended March 31, 2018 were negatively impacted by the “Tax Cuts and Jobs Act” (the “Act”) that was signed into law on December 22, 2017. A net charge of $8.9 million was recognized in that period due to the legislation. … [Read more...] about Oritani Financial Corp. Announces 3rd Quarter Results and Dividend
S corp tax return due date
The City of Buffalo returned the Market Arcade building to the tax rolls by selling it in 2014 to developer Nick Sinatra, who refurbished its interior and filled it with tenants. But his company owes $154,430 in city property taxes and fees on the historic Main Street building, according to city and county records. That's not the only property his companies are behind paying taxes on in the Buffalo area. Thirty-nine properties owned by limited liability companies controlled by Sinatra & Company Real Estate are behind on taxes, according to city and county records. In total, the companies owe $822,716 in back taxes to the City of Buffalo and Erie County, roughly 87 percent from 2017. They owe the city $445,182 for 39 properties and the county $377,534 for 38 properties. City and county officials said they have taken the first steps toward commencing foreclosure by issuing notices on 28 of the properties – 12 in Buffalo and 16 in Erie County outside Buffalo. Sinatra has … [Read more...] about Developer Nick Sinatra owes over $800,000 in back taxes, calling it a ‘business decision’
WALNUT CREEK, Calif., April 11, 2018 (GLOBE NEWSWIRE) -- BayCom Corp (the “Company”), (OTCBB:BCML), the holding company for United Business Bank (the “Bank”), announced earnings of $4.1 million or $0.54 per diluted share for the first quarter of 2018 compared to net loss of $839 thousand or $0.12 per diluted share for the fourth quarter of 2017 and $1.4 million or $0.26 per diluted share for the first quarter of 2017. The net increase during the first quarter of 2018 compared to the prior quarters was primarily due to increases in net interest income and other non-interest income. The increases in net interest income and non-interest income for the first quarter of 2018 compared to the first quarter of 2017, was partially offset by an increase in non-interest expense. The net loss during the fourth quarter of 2017 was primarily the result of a $2.7 million, or $0.37 per diluted share income tax adjustment due to a … [Read more...] about BayCom Corp Reports 2018 First Quarter Earnings of $4.1 Million
Good morning from Orlando (or, technically, Lake Buena Vista: We’re feeding the Mouse!), where nephew Evan, headed to Providence College in Rhode Island, has played his best lacrosse ever (two midair grabs yesterday) in the Champion All-American Showcase at Disney’s ESPN Wide World of Sports Complex. The decade has flown past since Evan was a first-grader, crushing the 100-yard dash at his elementary school’s First in Fitness Day. Now, he’s an amazingly gifted, charming young man, headed for great things on his own. Maybe it’s because we’ve spent the week in the cotton-candy capital of the world that we’re more appreciative than ever of meaty journalism that hits pause on the dizzying news merry-go-round: If you run the country or the world, what should you be reading? If your boss does – or wants to – what should you hand (or forward) her or him? Here’s a worthy trio: THE BIG PICTURE: TIME’s cover shows … [Read more...] about MORE CITIES HAVE DETROIT-LIKE CANCER: ‘flashing warning light on America’s fiscal dashboard’ – OBAMA MESSES WITH TEXAS – SPITZER WIFE gives him the Heisman — MARIE ABERGER heads West
Driving the Day Listen to Playbook in 90 Seconds http://bit.ly/2kJLoYy … Subscribe on iTunes http://apple.co/2eX6Eay … Visit the online home of Playbook http://politi.co/2f51Jnf Good Monday morning. It’s snowing! Fairfax schools are delayed two hours. A running list of school delays and closures http://wapo.st/2kF3nf8 Story Continued Below THIS IS WHEN IT’S GOING TO GET TOUGH for President Donald Trump. Congress comes back to Washington and the 292 Republicans who were sent to Capitol Hill will all be on the hot seat, forced to answer for an immigration policy that was clearly not thought through. Top senators and members of the House -- Sens. John McCain and Lindsey Graham, and House Homeland Security Chairman Mike McCaul -- have given lawmakers cover to criticize the executive order, which curtailed travel from seven Muslim-majority countries. LESSON NO. 1 FOR TRUMP: Sometimes it makes sense to go through Congress. Yes, it’s slow, messy and … [Read more...] about THE HARD PART FOR TRUMP — Opposition mounts as Congress returns to Washington — THE JUICE: Inside the Koch Brothers retreat — FIRST IN PLAYBOOK: DCCC raises 3 million in Jan.