New York Community Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015
January 27, 2016 at 12:00 pm
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New York Community Bancorp Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company's net interest loss was $449,202,000 against net interest income of $283,682,000 a year ago. Loss before income taxes was $693,625,000 against income before income tax of $206,250,000 a year ago. Net loss was $404,807,000 or $0.87 per basic and diluted share against net income of $131,197,000 or $0.30 per basic and diluted share a year ago. Return on average assets -Negative was 3.28% against positive of 1.07% a year ago. Return on average tangible assets - Negative was 3.44% against positive of 1.14% a year ago. Return on average stockholders' equity - Negative was 27.82% against positive of 9.05% a year ago. Return on average tangible stockholders equity - Negative was 47.83% against positive of 15.79% a year ago. On non-GAAP basis, earnings were $145,190,000 or $0.31 per basic and diluted share against $131,197,000 or $0.30 per basic and diluted share a year ago. Return on average assets was 1.18% against 1.07% a year ago. Return on average tangible assets was 1.24% against 1.14% a year ago. Return on average stockholders' equity was 9.98% against 9.05% a year ago. Return on average tangible stockholders equity was 17.26% against 15.79% a year ago.
For the year, the company's net interest income was $408,075,000 against $1,140,353,000 a year ago. Loss before income taxes was $132,013,000 against income before income taxes of $773,066,000 a year ago. Net loss was $47,156,000 or $0.11 per basic and diluted share against net income of $485,397,000 or $1.09 per basic and diluted share a year ago. Return on average assets - Negative was 0.10% against positive of 1.01% a year ago. Return on average tangible assets - Negative was 0.09% against positive of 1.08% a year ago. Return on average stockholders equity - Negative was 0.81% against positive of 8.41% a year ago. Return on average tangible stockholders equity - Negative was 1.30% against positive of 14.77% a year ago. Book value per share as at December 31, 2015 was $12.24 against $13.06 a year ago. Tangible book value per share as at December 31, 2015 was $7.21 against $7.54 a year ago. On non-GAAP basis, earnings were $502,841,000 or $1.11 per basic and diluted share against $485,397,000 or $1.09 per basic and diluted share a year ago. Return on average assets was 1.03% against 1.01% a year ago. Return on average tangible assets was 1.09% against 1.08% a year ago. Return on average stockholders equity was 8.65% against 8.41% a year ago. Return on average tangible stockholders equity was 15.01% against 14.77% a year ago.
New York Community Bancorp, Inc. is the bank holding company for Flagstar Bank, N.A. (the Bank). It has various positions in several national businesses, including multifamily lending, mortgage originations and servicing, and warehouse lending. It is a multifamily portfolio lender in the New York City market area, where it specializes in rent-regulated, non-luxury apartment buildings. Its specialty finance loans and leases are generally made to large corporate obligors that participate in stable industries nationwide, and its warehouse loans are made to mortgage lenders across the country. It offers a suite of cash management products to address the needs of small and mid-size businesses and professional associations. The Bank operates about 419 branches, including strong footholds in the Northeast and Midwest and exposure to markets in the Southeast and West Coast. Flagstar Mortgage operates nationally through a wholesale network of about 3,000 third-party mortgage originators.