NYCB Q3 2022 Earnings Report
Key Takeaways
New York Community Bancorp reported a solid third quarter with diluted EPS of $0.30 and non-GAAP diluted EPS of $0.31. Net income available to common stockholders was $144 million, up 3% year-over-year. The company saw solid loan and deposit growth, stable operating expenses, and strong asset quality.
Diluted GAAP EPS were $0.30, unchanged year-over-year.
Net income available to common stockholders was $144 million, up 3% year-over-year.
Total loans held for investment rose $3.2 billion or 9% annualized to $49.0 billion compared to December 31, 2021.
Total deposits increased $6.6 billion or 25% annualized to $41.7 billion compared to December 31, 2021.
NYCB
NYCB
Forward Guidance
The current pipeline heading into the fourth quarter of the 2022 stands at $2.3 billion. Approximately 87% of the pipeline represents new money to the Bank. The current pipeline includes $1.0 billion of multi-family loans, $410 million of CRE loans, and $692 million of specialty finance loans.