New York Community Bancorp (NYCB) Tops Q1 EPS by 1c

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Go back to New York Community Bancorp (NYCB) Tops Q1 EPS by 1c

NEW YORK COMMUNITY BANCORP, INC. REPORTS FIRST QUARTER 2024 RESULTS AND PROVIDES UPDATE ON ITS STRATEGIC PATH TO PROFITABILITY

May 1, 2024 7:00 AM EDT

COMPANY TARGETS PEER LEVEL PROFITABILITY BY FOURTH QUARTER 2026 INCLUDING ROAA OF 1%, ROATCE OF 11% - 12%, AND A CET1 CAPITAL RATIO OF 11% - 12%

SUCCESSFULLY RAISED OVER $1 BILLION IN EQUITY, BOLSTERING CAPITAL AND LIQUIDITY POSITION

STRENGTHENED BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT TEAM

INCREASED ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LEASES TO 1.48% COMPARED TO 1.17% LAST QUARTER

DEPOSITS REMAIN RESILIENT POST CAPITAL RAISE ALONG WITH AMPLE LIQUIDITY

WELL CAPITALIZED WITH CET1 RATIO OF 9.45%, OR... More