Prudential Bancorp, Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the quarter, total interest income was $4,240,000 against $4,069,000 a year ago. Net interest income was $3,339,000 against $3,164,000 a year ago.

Income before income taxes was $688,000 against $522,000 a year ago. Net income was $471,000, or $0.05 per diluted share as compared to $338,000 or $0.04 per diluted share, for the comparable period in 2013. The $133,000 increase in net income as compared to the same period in 2013 was primarily due to the $175,000 increase in net interest income combined with a $189,000 increase in non-interest income, partially offset by the $75,000 provision for loan losses recorded and a $123,000 increase in operating expenses.

Return on average assets was 0.36% against 0.25% a year ago. Return on average equity was 1.47% against 1.09% a year ago.