-
-
-
(1)
Pre-provision net revenue is a non-GAAP measure, but we believe it is relevant to understanding the Company s financial results in light of the implementation of CECL and the economic impact of COVID-19.
New York Community Bancorp, Inc. (NYSE: NYCB) (the Company ) today reported net income for the three months ended December 31, 2020 of $189.7 million, up 64% compared to the $115.8 million we reported for the three months ended September 30, 2020 and up 87% compared to the $101.2 million we reported for the three months ended December 31, 2019. Our fourth quarter and full-year 2020 results were impacted by a $55.3 million and a $68.4 million, respectively, income tax benefit related to the CARES Act. Excluding this benefit, net income on a non-GAAP basis for the three months ended December 31, 2020 was $134.4 million up 16% and 33%, respectively. For the twelve months ended December 31, 2020, net income totaled $511.1 million, up 29% compared to the $395.0 mill
Director of Investor Relations
Good morning, everyone. This is Sal DiMartino, Director of Investor Relations. Thank you for joining the Management Team of New York Community Bancorp for today s conference call.
Today s discussion of the company s Fourth Quarter and Full Year 2020 Performance will be led by President and Chief Executive Officer, Thomas Cangemi; and Chief Financial Officer, John Pinto; together with Chief Operating Officer, Robert Wann.
Today s release includes a reconciliation of certain GAAP and non-GAAP financial measures that maybe discussed during this call. These non-GAAP financial measures should be viewed in addition to and not as a substitute for our results prepared in accordance with GAAP. Also, certain comments made on today s conference call will contain forward-looking statements that are intended to be covered by the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, unc
Posted By Douglas Trattner on Wed, Jan 27, 2021 at 12:11 PM click to enlarge Douglas Trattner
Update: Back in December, we offered readers a sneak peek at Marchant Manor Cheese, which is located on Lee Road in Cleveland Heights. The adorable dairy emporium opened it doors for the first time but only as a brief preview of what was to come. Following a handful of days of service, the shop closed to prepare for the main event. That takes place on February 4, when the shop begins its regular days and hours of operation (Thursday through Sunday).
Here s the original story:
Kandice Marchant began making cheese as a hobbyist, working her way through a beginner’s cheesemaking book. While she enjoyed the results – straightforward creations like ricotta, mozzarella and cottage
Rising to the occasion: Van Aken District developers seek more skyline with proposed 17-story apartment complex Thomas Jewell, cleveland.com
SHAKER HEIGHTS, Ohio There may be much more in the way of transformational development going up in the Van Aken District as many as 17 stories worth of new market-rate apartments, according to preliminary plans.
That would be about 190 feet in height for the slightly taller of two buildings connected by bridges in a dual-tower design proposed for the Farnsleigh Road parking lot, just west of the Ohio Savings Bank branch.
The smaller structure would be 16 floors reaching 163 feet just about a foot lower than the historic 12-story Tower East office high-rise, currently the tallest building in Shaker Heights, which is situated on the opposite end of the Van Aken District.
2021 Book of Lists: Finance section preview
Lists in the Finance section
Banks
Investment Advisers
Private Equity and Venture Capital Firms
To see all 42 lists in the 2021 Book of Lists, download it in Excel or PDF format (but the first step is to become a Crain s Data Member). But for now, here s a quick taste of what s in the Finance section.
This year for the first time you’ll see savings institutions like Third Federal Savings and Loan and Ohio Savings Bank mixed in with commercial banks on our Banks list. So many locally operating thrifts have converted to commercial bank charters that it made sense to merge our old Savings Institutions list into our Banks list.