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Oritani Financial Corp   (ORIT)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 



 

What are Oritani Financial's Business Segments?



Residential Loans. We originate one to four family residential mortgage loans, substantially all of which are secured by properties located in our primary market area. We generally retain for our portfolio substantially all of the loans that we originate. Residential mortgage loan originations are generally obtained from existing or past customers, through advertising, and through referrals from local builders, real estate brokers, and attorneys and are underwritten pursuant to Oritani Bank's policies and standards. The Company maintains a program where a fee is paid to a broker for a loan referral that results in an origination or a purchase of a recently closed loan.

Commercial Real Estate ("CRE") Loans. We originate residential and non-residential commercial real estate mortgage loans. The non-residential CRE mortgage portfolio consists of credit/grocery retail CRE and other CRE. The typical CRE mortgage loan has a fixed rate of interest for the first three or five years, after which the loan reprices to a market index plus a spread, with a floor of the original rate. The fixed rate period is occasionally extended to as much as ten years. These loans typically amortize over 30 years though we will often require shorter amortization. We also offer such loans on a self-amortizing basis with fixed rate terms up to 20 years. References to commercial real estate loans below refer to residential and non-residential commercial real estate.

 

   

Oritani Financial Tax Rate Companies within the Regional Banks Industry


Business Segments Q1
Revenues
(in millions $)
Q1
Income
(in millions $)
(Sep 30 2019)
%
(Profit Margin)
Total 25.47 12.30 48.3 %

Growth rates by Segment Q1
Y/Y Revenue
%
(Sep 30 2019)
Q/Q Revenue
%
Q1
Y/Y Income
%
(Sep 30 2019)
Q/Q Income
%
Total -12.54 % -1.52 % -8.19 % -3.78 %

To get more information on Oritani Financial's Total segment. Select each division with the arrow.


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