Prudential Bancorp, Inc. announced unaudited consolidated earnings results for the first quarter ended December 31, 2016. The company reported net income of $731,000, or $0.09 per diluted share, for the quarter ended December 31, 2016 as compared to $413,000 or $0.05 per diluted share, for the comparable period in 2015. The substantial increase in net income for the three month period ended December 31, 2016 as compared to the same quarter in the prior year was in large part due to increased net interest income, a reduction in operating expenses and a one-time adjustment to the cash surrender value from bank owned life insurance owned by the Bank, partially offset by an $185,000 provision for loan losses. Net interest income was $3,648,000 against $3,256,000 a year ago. Income before income taxes was $1,101,000 against $634,000 a year ago. Book value per share at end of period was $14.06 against $13.81 a year ago. Return on average assets was 0.52% against 0.33% a year ago. Return on average equity was 2.58% against 1.41% a year ago. Revenue over the three months to Dec. 31 rose to $4 million from $3.5 million a year earlier.