Valley National, Eagle Bancorp latest to disclose earnings hit due to CRE footprint [Reuters]
New York Community Bancorp, Inc. (NYCB)
Last new york community bancorp, inc. earnings: 4/29 07:00 am
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Source: Reuters
commercial real estate (CRE) loans, underscoring the uncertainty that has clouded the industry. High interest rates and borrowing costs have of debt defaults in the CRE market, which is already in the doldrums due to empty office buildings in the post-pandemic era, prompting banks to build rainy day funds for potential defaults. Investor this year is on the CRE exposure in regional lenders' loan books after New York Community Bancorp a surprise quarterly loss in January due to writedowns on loans tied to the sector. Eagle's stock hit its lowest in six months before closing down 10% on Thursday, a day after it reported a near six-fold jump in provisions for credit losses that led to a surprise loss for the first quarter. The bigger provisions were due to weakness in just one office property, however, and it was not indicative of other loans in its office and CRE portfolio, Eagle said. Analysts at KBW said while the results had "credit noise" due to office exposure, it is enco
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NYCB
News
- New York Community Bancorp: The Preferred Stock Looks Like A Good Bet After Q4 Earnings [Seeking Alpha]Seeking Alpha
- New York Community (NYCB) Reports Loss in Q1, Cuts Dividend [Yahoo! Finance]Yahoo! Finance
- NEW YORK COMMUNITY BANCORP, INC. DECLARES QUARTERLY CASH DIVIDENDS ON ITS COMMON STOCK AND PREFERRED STOCKS [Yahoo! Finance]Yahoo! Finance
- NEW YORK COMMUNITY BANCORP, INC. DECLARES QUARTERLY CASH DIVIDENDS ON ITS COMMON STOCK AND PREFERRED STOCKSPR Newswire
- New York Community Bancorp, Inc. (NYSE: NYCB) was upgraded by analysts at Wedbush from an "underperform" rating to a "neutral" rating. They now have a $3.50 price target on the stock, up previously from $3.00.MarketBeat
NYCB
Earnings
- 5/1/24 - Miss
NYCB
Sec Filings
- 5/1/24 - Form 8-K
- 5/1/24 - Form 144
- 5/1/24 - Form 8-K
- NYCB's page on the SEC website