Hudson City Bancorp, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total interest and dividend income of $366,065,000 compared to $448,791,000 a year ago. Net interest income was $177,383,000 compared to $234,118,000 a year ago. Net interest income after provision for loan losses was $157,383,000 compared to $209,118,000 a year ago. Income before income tax expense was $78,661,000 compared to $120,307,000 a year ago. Net income was $47,931,000 or $0.10 per basic and diluted share compared to $72,987,000 or $0.15 per basic and diluted share a year ago. Book value per share as on March 31, 2013 was $9.47 compared to $9.30 as of March 31, 2012. Tangible book value per share as on March 31, 2013 was $9.16 compared to $8.99 as of March 31, 2012. Return on average assets was 0.47% compared to 0.65% a year ago. Return on average equity was 4.05% compared to 6.33% a year ago. The decrease in net interest income reflects the overall decrease in the average balance of interest-earning assets and interest-bearing liabilities and the continued low interest rate environment. The decrease in total interest and dividend income was due to a decrease in the average balance of total interest-earning assets of $4.16 billion, or 9.6%, to $39.21 billion for the first quarter of 2013 from $43.37 billion for the first quarter of 2012. The company also announced that the board of directors declared a quarterly cash dividend of $0.04 per share payable on May 30, 2013 to shareholders of record on May 14, 2013. The company reported net charge-offs amounted to $21.3 million for first quarter of 2013 as compared to $18.1 million for the first quarter of 2012 and $14.2 million for the linked fourth quarter of 2012.

Hudson City Bancorp, Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on Apr 30, 2013

On April 12, 2013, Hudson City Bancorp, Inc. and M&T Bank Corporation entered into a memorandum of understanding with plaintiffs regarding the settlement of putative class actions captioned In re Hudson City Bancorp Shareholder Litigation, C.A. No. 7850, pending before the Delaware Court of Chancery, and In re Hudson City Bancorp, Inc. Shareholder Litigation, No. C-259-12, pending before the Superior Court for the State of New Jersey, Chancery Division.