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New York Community's (NYCB) Q2 results reflect the impacts of the rise in provisions and expenses. A fall in fee income and lower loan balance further affects its performance.
New York Community Bancorp (NYCB) shares fell Thursday after the troubled regional bank's path to profitability was muddied by disappointing second-quarter earnings results.
The headline numbers for New York Community Bancorp (NYCB) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
New York Community Bancorp (NYCB) came out with a quarterly loss of $1.05 per share versus the Zacks Consensus Estimate of a loss of $0.38. This compares to earnings of $1.41 per share a year ago.
New York Community Bancorp's unit Flagstar Bank is selling its residential mortgage servicing business to non-bank mortgage platform to Mr. Cooper for nearly $1.4 billion, it said on Thursday.
SIMPLIFYING AND STRENGTHENING BALANCE SHEET THROUGH SALE OF NON-CORE BUSINESSES CONTINUED IMPROVEMENT IN CAPITAL LEVELS AND LIQUIDITY PROFILE ALLOWANCE FOR CREDIT LOSSES IMPROVED TO 1.78% COMPARED TO 1.56% LAST QUARTER AS COMPANY PROACTIVELY ADDRESSING CREDIT RISK IN LOAN PORTFOLIO DEPOSITS INCREASED 5.6% SEQUENTIALLY INCLUDING GROWTH IN KEY FOCUS AREAS HICKSVILLE, N.Y. , July 25, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) ("the Company") today reported its results for the second quarter of 2024.
TRANSACTION ADDS 60 BASIS POINTS TO CET1 RATIO AND ACCELERATES TRANSITION TO A LEADING DIVERSIFIED, FULL-SERVICE REGIONAL BANK HICKSVILLE, N.Y. , July 25, 2024 /PRNewswire/ -- Flagstar Bank, N.A.
HICKSVILLE, N.Y. , July 23, 2024 /PRNewswire/ -- Flagstar Bank, N.A.
Regional lender New York Community Bancorp said on Monday it had closed the sale of about $5.9 billion in mortgage warehouse loans to Wall Street giant JPMorgan Chase.
TRANSACTION INCREASES CET1 CAPITAL RATIO, BOLSTERS LIQUIDITY AND LOWERS LOAN-TO-DEPOSIT RATIO HICKSVILLE, N.Y. , July 22, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company"), the parent company of Flagstar Bank, N.A.