New York Community Bancorp (NYCB) Tops Q1 EPS by 5c

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NEW YORK COMMUNITY BANCORP, INC. REPORTS FIRST QUARTER 2023 DILUTED EPS OF $2.87 ON A GAAP BASIS AND $0.23 AS ADJUSTED

April 28, 2023 7:00 AM EDT

NET INCOME AVAILABLE TO COMMON STOCKHOLDERS ROSE 14% TO $159 MILLION ON A LINKED-QUARTER BASIS

SIGNATURE BANK TRANSACTION SIGNIFICANTLY ACCELERATES TRANSITION TO COMMERCIAL BANK TRANSFORMING OUR FUNDING PROFILE AS NON-INTEREST-BEARING DEPOSITS SURGE TO 27% OF TOTAL DEPOSITS

LOAN PORTFOLIO ALSO TRANSFORMED WITH COMMERCIAL LOANS NOW AT 44% OF TOTAL LOANS

AVAILABLE LIQUIDITY POSITION GREATLY ENHANCED

NET INTEREST MARGIN WIDENS TO 2.60% OR 32 BASIS POINTS SEQUENTIALLY

BOOK VALUE PER SHARE INCREASED BY 16% AND... More