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New York Community Bancorp Inc. Earnings Rise In Q2

July 29, 2020 — 07:15 am EDT

Written by RTTNews.com for RTTNews ->

(RTTNews) - New York Community Bancorp Inc. (NYCB) announced a profit for its second quarter that rose from last year.

The company's profit totaled $97.14 million, or $0.21 per share. This compares with $89.04 million, or $0.19 per share, in last year's second quarter.

Analysts had expected the company to earn $0.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.2% to $281.25 million from $255.29 million last year.

New York Community Bancorp Inc. earnings at a glance:

-Earnings (Q2): $97.14 Mln. vs. $89.04 Mln. last year. -EPS (Q2): $0.21 vs. $0.19 last year. -Analysts Estimate: $0.19 -Revenue (Q2): $281.25 Mln vs. $255.29 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.

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