New York Community Bancorp (NYCB) Tops Q4 EPS by 9c

New York Community Bancorp (NYSE: NYCB) reported Q4 EPS of $0.26, $0.09 better than the analyst estimate of $0.17. Revenue for the quarter came in at $0 , versus $275.52 million reported last year.

Fourth Quarter and Full Year 2017 Highlights

Earnings:

• Net income totaled $136.5 million compared to $110.5 million in the third quarter and $113.7 million in the fourth quarter of 2016.
• Net income available to common shareholders totaled $128.3 million compared to $102.3 million in the third quarter and $113.7 million in the year-ago quarter.
• The effective tax rate for the fourth quarter was approximately 6% due to a $42 million net tax benefit arising from the impact of the recently enacted Tax Cuts and Jobs Act, including the re-measurement of the company\'s deferred tax liability.
• For the quarter, the return on average assets was 1.13% and the return on average common stockholders’ equity was 8.21%. (1)
• For the quarter, the return on average tangible assets was 1.19% and the return on average tangible common stockholders’ equity was 13.45%. (1) (2)

For earnings history and earnings-related data on New York Community Bancorp (NYCB) click here.

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