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Dec 31, 2021
Flagstar Financial Q4 2021 Earnings Report
Reported strong fourth-quarter results driven by record loan growth, a stable net interest margin, and continued deposit growth.
Key Takeaways
New York Community Bancorp reported net income of $150 million for Q4 2021, a decrease of 21% compared to the previous year. However, non-GAAP diluted EPS were $0.31, up 15% compared to the previous year. The company saw record quarterly loan growth, a stable net interest margin, and continued deposit growth.
GAAP diluted EPS were $0.30 compared to $0.39 in the fourth quarter of last year.
Non-GAAP diluted EPS were $0.31, up 15% compared to the $0.27 reported for the fourth quarter of last year.
Loans 30 to 89 days past due declined $380 million or 85% on a linked-quarter basis.
Asset quality remained stellar with NPAs totaling $41 million or seven bps of total assets.
Forward Guidance
NYCB did not provide a specific financial outlook for the next quarter or fiscal year. The earnings release focused on the strength of their loan portfolio and the reinstatement of the share repurchase program.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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