Business NewsMarketWire • Abington Bancorp, Inc. Announces Results for the Fourth Quarter of 2009

Abington Bancorp, Inc. Announces Results for the Fourth Quarter of 2009

Abington Bancorp, Inc. Announces Results for the Fourth Quarter of 2009

JENKINTOWN, PA--(Marketwire - January 29, 2010) - Abington Bancorp, Inc. (the "Company") (NASDAQ: ABBC), the parent holding company for Abington Bank (the "Bank"), reported a net loss of $2.0 million for the quarter ended December 31, 2009, compared to a net loss of $3.9 million for the quarter ended December 31, 2008. The Company's basic and diluted loss per share were both $0.10 for the fourth quarter of 2009 compared to a basic and diluted loss per share of $0.18 for the fourth quarter of 2008. Additionally, the Company reported a net loss of $7.2 million for the year ended December 31, 2009, compared to net income of $2.1 million for the year ended December 31, 2008. The Company's basic and diluted loss per share were both $0.36 for 2009 compared to basic and diluted earnings per share of $0.10 and $0.09, respectively, for 2008.

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