New York Community Bancorp (NYCB) Tops Q4 EPS by 4c
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New York Community Bancorp, Inc. Reports Its 4Q 2015 Results Reflecting Record Loan Production, Exceptional Asset Quality, and the Strategic Debt Repositioning Announced in Conjunction with Its Propos
January 27, 2016 7:00 AM ESTBoard of Directors Declares $0.17 Per Share Quarterly Cash Dividend
Fourth Quarter 2015 Highlights
Successful Strategic Debt Repositioning:- The strategic debt repositioning announced on 10/29/2015 in conjunction with the signing of a definitive merger agreement with Astoria Financial Corporation (NYSE: AF) was completed in December.
- $10.4 billion of wholesale borrowings with an average cost of 3.16% were replaced by a like amount of wholesale borrowings having an average cost of 1.58%.
- The 50% reduction in the average cost of wholesale borrowings will result in an annual after-tax benefit to... More
