New York Community (NYCB) Reports Loss in Q1, Cuts Dividend [Yahoo! Finance]
New York Community Bancorp, Inc. (NYCB)
Last new york community bancorp, inc. earnings: 4/29 07:00 am
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Source: Yahoo! Finance
It reported earnings of 23 cents in the year-ago quarter. The results were primarily affected by a significant rise in provisions for credit losses and expenses. A fall in non-interest income and lower deposit balance were additional concerns. However, substantial growth in net interest income (NII) acted as a tailwind. The net loss to common stockholders was $335 million against a net income of $1.99 billion in the prior-year quarter. Revenues Decline, Expenses Rise Quarterly revenues were $633 million, which declined 76% from the prior-year quarter. The top line also missed the Zacks Consensus Estimate of $779.5 million. NII was $624 million, up 12% from the prior-year quarter. The net interest margin of 2.28% was down 32 basis points. Non-interest income was $9 million, down year over year from $2.09 billion. Non-interest expenses of $699 million jumped 47% from the year-ago quarter. The efficiency ratio was 82.47%, up year over year from 60.21%. A rise in the effic
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News
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- New York Community Bancorp stock slides after $5B mortgage sale agreement [Seeking Alpha]Seeking Alpha
- NEW YORK COMMUNITY BANCORP, INC. AGREES TO SELL APPROXIMATELY $5 BILLION IN WAREHOUSE LOANS TO JPMORGAN CHASE BANK, N.A. [Yahoo! Finance]Yahoo! Finance
NYCB
Earnings
- 5/1/24 - Miss
NYCB
Sec Filings
- 5/16/24 - Form 8-K
- 5/16/24 - Form 144
- 5/15/24 - Form DEFA14A
- NYCB's page on the SEC website