Abington Bancorp, Inc. Announces Results for the Fourth Quarter of 2010

Abington Bancorp, Inc.

reported net income of $1.9 million for the quarter ended December 31, 2010, compared to a net loss of $2.0 million for the quarter ended December 31, 2009. The Company's basic and diluted earnings per share were $0.11 and $0.09, respectively, for the fourth quarter of 2010 compared to basic and diluted loss per share of $0.10 for the fourth quarter of 2009. Additionally, the Company reported net income of $7.7 million for the year ended December 31, 2010, compared to a net loss of $7.2 million for the year ended December 31, 2009. Basic and diluted earnings per share were $0.41 and $0.39, respectively, for 2010 compared to basic and diluted loss per share of $0.36 for 2009.