New York Community Bancorp (NYCB) Tops Q1 EPS by 1c
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NEW YORK COMMUNITY BANCORP, INC. REPORTS FIRST QUARTER 2024 RESULTS AND PROVIDES UPDATE ON ITS STRATEGIC PATH TO PROFITABILITY
May 1, 2024 7:00 AM EDTCOMPANY TARGETS PEER LEVEL PROFITABILITY BY FOURTH QUARTER 2026 INCLUDING ROAA OF 1%, ROATCE OF 11% - 12%, AND A CET1 CAPITAL RATIO OF 11% - 12%
SUCCESSFULLY RAISED OVER $1 BILLION IN EQUITY, BOLSTERING CAPITAL AND LIQUIDITY POSITION
STRENGTHENED BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT TEAM
INCREASED ALLOWANCE FOR CREDIT LOSSESÂ ON LOANS AND LEASES TO 1.48% COMPARED TO 1.17% LAST QUARTER
DEPOSITS REMAIN RESILIENT POST CAPITAL RAISE ALONG WITH AMPLE LIQUIDITY
WELL CAPITALIZED WITH CET1 RATIO OF 9.45%, OR... More
