Hudson City Bancorp Q4 Profit Declines - Quick Facts

(RTTNews) - Hudson City Bancorp, Inc. (HCBK), the holding company for Hudson City Savings Bank, posted net income of $39.1 million for the fourth quarter, compared with $45.8 million for the quarter ended December 31, 2013. Quarterly earnings per share were $0.08, as compared with $0.09 for the fourth quarter of 2013.

The board declared a quarterly cash dividend of $0.04 per share payable on March 2, 2015 to shareholders of record on February 13, 2015.

Fourth-quarter 2014 net interest income decreased 35.8% to $87.2 million from $135.9 million for the fourth quarter of 2013, reflecting the overall decline in the average balance of interest-earning assets and interest-bearing liabilities, the continued low interest rate environment and a continued increase in the average balance of short-term liquid assets, including U.S. Treasury securities and Federal funds sold and other overnight deposits.

The Bank's Tier 1 leverage capital ratio increased to 11.74% at December 31, 2014 as compared to 10.82% at December 31, 2013.