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New York Community Bancorp Swings to Q2 Adjusted Loss, Revenue Declines; Shares Fall Pre-Bell
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New York Community Bancorp Swings to Q2 Adjusted Loss, Revenue Declines; Shares Fall Pre-Bell
Jul 25, 2024 6:28 AM

09:12 AM EDT, 07/25/2024 (MT Newswires) -- New York Community Bancorp ( NYCB/PU ) reported a Q2 adjusted loss Thursday of $1.05 per diluted share, swinging from earnings of $1.41 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.43.

Total revenue for the quarter ended June 30, expressed as the sum of net interest income and total noninterest income, was $671 million, down from $1.20 billion a year earlier.

Analysts surveyed by Capital IQ expected $723.9 million.

Shares of the company were down more than 13% in recent premarket activity.

Price: 9.48, Change: -1.46, Percent Change: -13.35

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