Clifton Savings Bancorp Inc. declared cash dividends of $0.00 per common shares for the three months ended March 31, 2013, a decrease of $0.06, or 100.0%, as compared to $0.06 for the three months ended March 31, 2012. During the quarter ended December 31, 2012, the company declared and paid both its third quarter fiscal 2013 dividend and fourth quarter fiscal 2013 dividend. Cash dividends declared per common share were $0.24 for both the years ended March 31, 2013 and 2012.

Clifton Savings Bancorp Inc. reported consolidated earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, interest income was $8,263,000 against $9,916,000 a year ago. Net interest income was $5,726,000 against $6,152,000 a year ago. Net interest income after provision for loan losses was $5,706,000 against $6,041,000 a year ago. Income before income taxes was $2,333,000 against $2,874,000 a year ago. Net income was $1,528,000 or $0.06 per basic and diluted share against $1,935,000 or $0.08 per basic and diluted share a year ago. Return on average assets was 0.60% against 0.70% a year ago. Return on average equity was 3.28% against 4.16% a year ago. Net income decreased primarily as a result of a decrease of $426,000, or 6.9%, in net interest income and an increase of $295,000, or 8.7%, in noninterest expense, partially offset by decreases of $91,000, or 82.0%, in provision for loan losses and $134,000, or 14.3%, in income taxes coupled with an increase in noninterest income of $89,000, or 40.5%. For the year, interest income was $35,393,000 against $41,074,000 a year ago. Net interest income was $23,556,000 against $24,925,000 a year ago. Net interest income after provision for loan losses was $22,794,000 against $24,678,000 a year ago. Income before income taxes was $10,037,000 against $12,052,000 a year ago. Net income was $6,610,000 or $0.26 per basic and diluted share against $7,877,000 or $0.31 per basic and diluted share a year ago. Return on average assets was 0.63% against 0.70% a year ago. Return on average equity was 3.54% against 4.30% a year ago. Net income decreased primarily as a result of a decrease of $1.37 million, or 5.5%, in net interest income, an increase of $515,000, or 208.5%, in provision for loan losses, and a $527,000 loss on extinguishment of debt, partially offset by a gain on sale of securities of $647,000, an increase of $372,000, or 2.8%, in noninterest expense, a decrease of $57,000, or 36.5%, in the loss on the write-down of land held for sale, and a decrease of $748,000, or 17.9%, in income taxes.

Clifton Savings Bancorp Inc. announced that the company will pay a cash dividend of $0.06 per share for the quarter ended March 31, 2013. The dividend will be payable on May 31, 2013 to shareholders of record, including Clifton MHC, on May 17, 2013.