New York Community Bancorp, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 31, 2024 at 12:00 pm
Share
New York Community Bancorp, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 740 million compared to USD 379 million a year ago. Net loss was USD 252 million compared to net income of USD 172 million a year ago. Basic loss per share from continuing operations was USD 0.36 compared to basic earnings per share from continuing operations of USD 0.3 a year ago. Diluted loss per share from continuing operations was USD 0.36 compared to diluted earnings per share from continuing operations of USD 0.3 a year ago.
For the full year, the company reported net interest income was USD 3,077 million compared to USD 1,396 million a year ago. Net income was USD 2,374 million compared to USD 650 million a year ago. Basic earnings per share from continuing operations was USD 3.25 compared to USD 1.26 a year ago. Diluted earnings per share from continuing operations was USD 3.24 compared to USD 1.26 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.
NEW YORK COMMUNITY BANCORP, INC. 
