For the quarter ended December 2023, New York Community Bancorp (NYCB - Free Report) reported revenue of $886 million, up 53.6% over the same period last year. EPS came in at -$0.27, compared to $0.25 in the year-ago quarter.
The reported revenue represents a surprise of -5.33% over the Zacks Consensus Estimate of $935.9 million. With the consensus EPS estimate being $0.29, the EPS surprise was -193.10%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how New York Community Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 67.9% compared to the 64.3% average estimate based on seven analysts.
- Net Interest Margin [%]: 2.8% versus the seven-analyst average estimate of 3.1%.
- Average Balances-Interest earning assets: $103.96 billion compared to the $103.06 billion average estimate based on six analysts.
- Total non-interest income (loss): $146 million versus the seven-analyst average estimate of $139.95 million.
- Net Interest Income: $740 million versus the seven-analyst average estimate of $793.88 million.
- Bank-owned life insurance: $11 million versus the six-analyst average estimate of $11.38 million.
- Fee income: $39 million compared to the $50.24 million average estimate based on six analysts.
- Net gain on loan sales and securitizations: $16 million versus $19.20 million estimated by five analysts on average.
- Net return on mortgage servicing rights: $33 million versus $22.15 million estimated by four analysts on average.
- Other non-interest (loss) income: $22 million versus $19.55 million estimated by three analysts on average.
- Net loan administration income: $17 million compared to the $15.33 million average estimate based on three analysts.
View all Key Company Metrics for New York Community Bancorp here>>>Shares of New York Community Bancorp have returned -0.3% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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For the quarter ended December 2023, New York Community Bancorp (NYCB - Free Report) reported revenue of $886 million, up 53.6% over the same period last year. EPS came in at -$0.27, compared to $0.25 in the year-ago quarter.
The reported revenue represents a surprise of -5.33% over the Zacks Consensus Estimate of $935.9 million. With the consensus EPS estimate being $0.29, the EPS surprise was -193.10%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how New York Community Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 67.9% compared to the 64.3% average estimate based on seven analysts.
- Net Interest Margin [%]: 2.8% versus the seven-analyst average estimate of 3.1%.
- Average Balances-Interest earning assets: $103.96 billion compared to the $103.06 billion average estimate based on six analysts.
- Total non-interest income (loss): $146 million versus the seven-analyst average estimate of $139.95 million.
- Net Interest Income: $740 million versus the seven-analyst average estimate of $793.88 million.
- Bank-owned life insurance: $11 million versus the six-analyst average estimate of $11.38 million.
- Fee income: $39 million compared to the $50.24 million average estimate based on six analysts.
- Net gain on loan sales and securitizations: $16 million versus $19.20 million estimated by five analysts on average.
- Net return on mortgage servicing rights: $33 million versus $22.15 million estimated by four analysts on average.
- Other non-interest (loss) income: $22 million versus $19.55 million estimated by three analysts on average.
- Net loan administration income: $17 million compared to the $15.33 million average estimate based on three analysts.
View all Key Company Metrics for New York Community Bancorp here>>>Shares of New York Community Bancorp have returned -0.3% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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