Markets

New York Community Bancorp Inc. Announces Increase In Q3 Bottom Line

(RTTNews) - New York Community Bancorp Inc. (NYCB) reported a profit for its third quarter that climbed from the same period last year.

The company's earnings totaled $107.56 million, or $0.23 per share. This compares with $90.84 million, or $0.19 per share, in last year's third quarter.

Analysts had expected the company to earn $0.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.6% to $295.65 million from $260.30 million last year.

New York Community Bancorp Inc. earnings at a glance:

-Earnings (Q3): $107.56 Mln. vs. $90.84 Mln. last year. -EPS (Q3): $0.23 vs. $0.19 last year. -Analysts Estimate: $0.23 -Revenue (Q3): $295.65 Mln vs. $260.30 Mln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

NYCB

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More