New York Community (NYCB) Reports Loss in Q2, Stock Tanks 3% [Yahoo! Finance]
New York Community Bancorp, Inc. (NYCB)
Last new york community bancorp, inc. earnings: 4/29 07:00 am
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US:NYSE Investor Relations:
ir.mynycb.com
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Source: Yahoo! Finance
NYCB reported a second-quarter 2024 loss per share of $1.05, wider than the Zacks Consensus Estimate of a loss of 38 cents. It reported earnings of $1.41 in the year-ago quarter. The results were primarily affected by a significant rise in provisions for credit losses and higher expenses. A substantial fall in non-interest income and lower net interest income (NII), as well as subdued loan demand, were additional concerns. However, growth in deposit balance offered some support. The results excluded certain non-recurring items. After considering these, the net loss available to common shareholders was $333 million. The net income to common shareholders was $405 million in the prior-year quarter. Revenues Decline, Expenses Rise Quarterly revenues were $671 million, which declined 44.2% from the prior-year quarter. The top line also missed the Zacks Consensus Estimate of $701.4 million. NII was $557 million, down 38.1% from the prior-year quarter. The net interest margin of 1
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News
- FLAGSTAR BANK IMPLEMENTS WORKFORCE CHANGES AS PART OF ITS CONTINUED TRANSFORMATION AND COST REDUCTION STRATEGY [Yahoo! Finance]Yahoo! Finance
- FLAGSTAR BANK IMPLEMENTS WORKFORCE CHANGES AS PART OF ITS CONTINUED TRANSFORMATION AND COST REDUCTION STRATEGYPR Newswire
- Analysts Estimate New York Community Bancorp (NYCB) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- NEW YORK COMMUNITY BANCORP, INC. TO REPORT THIRD QUARTER 2024 EARNINGS AND HOST CONFERENCE CALL ON OCTOBER 25THPR Newswire
- NEW YORK COMMUNITY BANCORP, INC. CHANGES NAME TO FLAGSTAR FINANCIAL, INC. AND STOCK SYMBOL TO FLGPR Newswire
NYCB
Earnings
- 7/25/24 - Miss
NYCB
Sec Filings
- 10/17/24 - Form 4
- 10/17/24 - Form 4
- 10/15/24 - Form 8-K
- NYCB's page on the SEC website