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Abington Bancorp, Inc.: Abington Bancorp, Inc. Announces Record Net Income for the Fourth Quarter of 2007
JENKINTOWN, PA (MARKET WIRE) Abington Bancorp, Inc. (the "Company") (NASDAQ: ABBC), the parent holding company for Abington Bank (the "Bank"), reported record net income of $2.1 million for the quarter ended December 31, 2007, representing an increase of $544,000 or 34.5% over the comparable 2006 period. Diluted earnings per share increased to $0.09 for the 2007 quarter compared to $0.07 for the fourth quarter of 2006. Additionally, the Company reported net income of $7.1 million for the year ended December 31, 2007, representing an increase of $264,000 or 3.9% over 2006. Diluted earnings per share increased to $0.30 for