New York Community Bancorp: 4Q Earnings Snapshot
January 27, 2021 GMT
WESTBURY, N.Y. (AP) New York Community Bancorp Inc. (NYCB) on Wednesday reported fourth-quarter profit of $189.7 million.
On a per-share basis, the Westbury, New York-based company said it had profit of 39 cents. Earnings, adjusted for pretax gains, were 27 cents per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The bank holding company posted revenue of $440.9 million in the period. Its adjusted revenue was $323 million, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $313.6 million.
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