Raymond James Resumes New York Community Bancorp (NYCB) at Market Perform
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New York Community Bancorp, Inc. Reports 1Q 2015 Diluted Non-GAAP Cash Earnings Per Share of $0.29 (1) and Diluted GAAP Earnings Per Share of $0.27
April 29, 2015 7:00 AM EDTBoard of Directors Declares $0.25 per Share Quarterly Cash Dividend
First Quarter 2015 Highlights
Solid Earnings and Returns:- The Company generated first quarter GAAP earnings of $119.3 million, providing a 1.04% return on average tangible assets and a 14.32% return on average tangible stockholders equity. (2) Strong Loan Production:
- Loans originated for investment totaled $2.7 billion, including $1.7 billion of multi-family loans.
- Loans originated for sale rose $517.5 million linked-quarter to $1.5 billion. Superior Asset Quality:
- Non-performing non-covered assets represented... More
