NYCB Q4 2021 Earnings Report
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.
NYCB
NYCB
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.