Company Quick10K Filing
Oritani Financial
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 45 $731
10-Q 2019-11-12 Quarter: 2019-09-30
10-K 2019-08-28 Annual: 2019-06-30
10-Q 2019-05-10 Quarter: 2019-03-31
10-Q 2019-02-11 Quarter: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-K 2018-08-29 Annual: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-Q 2018-02-09 Quarter: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-K 2017-08-29 Annual: 2017-06-30
10-Q 2017-05-10 Quarter: 2017-03-31
10-Q 2017-02-08 Quarter: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-K 2016-09-13 Annual: 2016-06-30
10-Q 2016-05-09 Quarter: 2016-03-31
10-Q 2016-02-09 Quarter: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-K 2015-09-14 Annual: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-Q 2015-02-09 Quarter: 2014-12-31
10-Q 2014-11-07 Quarter: 2014-09-30
10-K 2014-09-15 Annual: 2014-06-30
10-Q 2014-05-09 Quarter: 2014-03-31
10-Q 2014-02-10 Quarter: 2013-12-31
10-Q 2013-11-08 Quarter: 2013-09-30
10-K 2013-09-13 Annual: 2013-06-30
10-Q 2013-05-09 Quarter: 2013-03-31
10-Q 2013-02-08 Quarter: 2012-12-31
10-Q 2012-11-08 Quarter: 2012-09-30
10-K 2012-09-12 Annual: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-Q 2012-02-09 Quarter: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-09-30
10-K 2011-09-12 Annual: 2011-06-30
10-Q 2011-05-09 Quarter: 2011-03-31
10-Q 2011-02-09 Quarter: 2010-12-31
10-Q 2010-11-08 Quarter: 2010-09-30
10-K 2010-09-13 Annual: 2010-06-30
8-K 2019-11-14 Shareholder Vote, Exhibits
8-K 2019-10-24 Earnings, Exhibits
8-K 2019-07-23 Earnings, Exhibits
8-K 2019-06-25 Enter Agreement, Other Events, Exhibits
8-K 2019-04-22 Earnings, Exhibits
8-K 2019-01-24 Earnings, Exhibits
8-K 2018-11-20 Earnings, Exhibits
8-K 2018-11-20 Shareholder Vote, Exhibits
8-K 2018-11-19 Regulation FD, Exhibits
8-K 2018-10-29 Earnings, Exhibits
8-K 2018-08-28 Officers, Exhibits
8-K 2018-07-24 Earnings, Exhibits
8-K 2018-04-25 Earnings, Exhibits
8-K 2018-03-08 Exhibits
8-K 2018-01-29 Earnings, Exhibits

Oritani Financial Financials

ORIT Metrics, Comps, Filings

Annual | Quarterly

Business

Additional factors relating to our proposed merger (the "Merger") with Valley National Bancorp ("Valley") include the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; the risk that the necessary regulatory approvals may not be obtained, may be delayed, or may be obtained subject to conditions that are not anticipated; delays in closing the merger agreement or other risks that any of the closing conditions to the merger agreement may not be satisfied in a timely manner or at all; the diversion of management's time from existing business operations due to time spent related to the merger or integration efforts; the risk that our business and the business of Valley will not be integrated successfully or such integration may be more difficult, time consuming or costly than expected; expected revenue and other synergies and cost savings from the merger may not be fully realized or realized within the expected time frame; revenues following the merger may be lower than expected; and expenses related to the merger and costs following the merger that are higher than expected.

In connection with the Merger, Valley will file with the SEC a Registration Statement on Form S-4 that includes a joint proxy statement/prospectus, which will include business and financial information about Valley and the Company from documents that Valley and the Company have previously filed with the SEC. Shareholders of the Company are urged to read the registration statement and the proxy statement/prospectus regarding the merger and other relevant documents filed with the SEC, as well as any amendments or supplements to those documents.

Oritani Financial Corp. is the stock holding company for Oritani Bank. It is a Delaware corporation that was incorporated in March 2010. The Company is the successor to Oritani Financial Corp. ("Oritani-Federal"), a federal corporation and former stock holding company of Oritani Bank. In conjunction with the second step transaction of Oritani Financial Corp., MHC, the former mutual holding company parent of Oritani-Federal, Oritani-Federal ceased to exist and the Company became its successor. The second step transaction was completed on June 24, 2010 and accounted for as capital raised by entities under common control. The Company sold a total of 41,363,214 shares of common stock at $10.00 per share in the related stock offering. Concurrent with the completion of the offering, shares of Oritani-Federal common stock owned by public stockholders were exchanged for 1.50 shares of the Company's common stock. In lieu of fractional shares, shareholders were paid in cash. The Company also issued 481,546 shares of common stock for the accelerated vesting of restricted stock awards triggered by the conversion. As a result of the offering, the exchange, and shares issued due to the accelerated vesting, as of June 30, 2010, the Company had 56,202,485 shares outstanding. Net proceeds from the offering were $401.8 million.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Lakeland Bancorp (LBAI) 803 3.6 1% 6,407 5,709 0 0 65 156 556
Origin Bancorp (OBNK) 795 5.4 1% 5,120 4,535 0 0 52 110 596
Carolina Financial (CARO) 786 0% 6.9 2% 3,888 3,282 4 0 60 111 765
ConnectOne Bancorp (CNOB) 784 7.4 1% 6,109 5,410 0 0 69 163 1,197
HomeStreet (HMST) 782 6.5 0% 7,201 6,477 0 0 20 125 808
Community Trust Bancorp (CTBI) 756 4.0 1% 4,377 3,783 0 0 65 109 434
Triumph Bancorp (TBK) 755 3.8 1% 4,783 4,140 0 0 55 142 546
Bryn Mawr Bank (BMTC) 749 5.8 1% 4,737 4,146 0 0 60 118 686
Univest of Pennsylvania (UVSP) 748 6.9 1% 5,154 4,503 0 0 66 121 834
German American Bancorp (GABC) 744 7.5 1% 3,971 3,471 0 0 54 99 744
National Commerce (NCOM) 740 6.4 1% 4,205 3,508 0 0 45 82 523
Trustco Bank N Y (TRST) 732 1.6 1% 5,228 4,712 0 0 60 108 172
Oritani Financial (ORIT) 731 0% 9.9 1% 4,071 3,541 2 0 52 124 1,227
Horizon Bancorp (HBNC) 729 5.7 1% 5,099 4,472 0 0 54 112 634
Byline Bancorp (BY) 726 5.0 1% 5,391 4,674 0 0 57 128 637
Allegiance Bancshares (ABTX) 712 4.4 1% 4,794 4,090 0 0 49 110 480
CBTX (CBTX) 709 5.2 2% 3,380 2,866 0 0 52 84 442
Banc of California (BANC) 699 0% 2.4 0% 9,360 8,396 4 0 46 234 563
Camden National (CAC) 690 5.4 1% 4,447 3,979 0 0 56 113 614
Live Oak Bancshares (LOB) 676 4.7 1% 4,274 3,755 0 0 32 144 676

Balance Sheet ($MM)2013-06-302014-06-302015-06-302016-06-302017-06-302018-06-302019-06-30
Cash19190662427
Accounts Receivable
Inventory
PP&E1527-0001328
Assets5195275315485724,1674,071
Accounts Payable
Long-Term Debt7961212596522
Liabilities101313133,6083,541
Stockholders' Equity519526518535559559529
Income Statement ($MM)2013-06-302014-06-302015-06-302016-06-302017-06-302018-06-302019-06-30
Revenue2
Cost of Revenue
Gross Profit
R&D
SG&A0000111
Tax1232527303118
Net Income40414752494352
Cash Flow ($MM)2013-06-302014-06-302015-06-302016-06-302017-06-302018-06-302019-06-30
Cash Operating2740623805759
Cash Investing41-2352-1673
Cash Financing-42-41-49-37-44-40-141