New York Community Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on February 22, 2017; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016
January 25, 2017 at 07:00 am
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New York Community Bancorp, Inc. announced that the Board of Directors declared a quarterly cash dividend of $0.17 per share. The dividend will be payable on February 22, 2017 to shareholders of record as of February 7, 2017.
The company announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company's Total interest income was $415,348,000 against $424,501,000 a year ago. Net interest income was $315,520,000 against net interest loss of $318,423,000 a year ago. Income before income taxes was $173,776,000 against loss before income tax of $693,625,000 a year ago. Net income was $113,733,000 or $0.23 per basic and diluted share against net loss of $404,807,000 or $0.87 per basic and diluted share a year ago. Return on average assets - positive was 0.92% against Negative of 3.28% a year ago. Book value per share was $12.57 against $12.50 a year ago. Return on average stockholders' equity was $7.43 against negative $27.82 a year ago. On Non-GAAP basis Return on average stockholders' equity was 12.36 against negative of 47.83 a year ago. Return on average tangible assets positive was 0.97% against negative was 3.44% a year ago. Tangible book value per share was $7.57 against $7.21 a year ago.
For the year, the company's the company's Total interest income was $1,674,869,000 against $1,691,584,000 a year ago. Net interest income was $1,287,382,000 against $408,075,000 a year ago. Income before income taxes was $777,128,000 against loss before income tax of $132,013,000 a year ago. Net income was $495,401,000 or $1.01 per basic and diluted share against net loss of $47,156,000 or $0.11 per basic and diluted share a year ago. Return on average assets - positive was 1% against Negative of 0.10% a year ago. Return on average stockholders' equity was $8.19 against negative $0.81 a year ago. Stockholders' equity to total assets was $12.52 against $1.79 a year ago. On Non-GAAP basis Return on average tangible stockholders' equity was 13.75 against negative of 1.30 a year ago. Return on average tangible assets positive was 1.06% against negative was 0.09% a year ago. Tangible book value per share was $7.57 against $7.30 a year ago.
New York Community Bancorp, Inc. is the bank holding company for Flagstar Bank, N.A. (the Bank). It has various positions in several national businesses, including multifamily lending, mortgage originations and servicing, and warehouse lending. It is a multifamily portfolio lender in the New York City market area, where it specializes in rent-regulated, non-luxury apartment buildings. Its specialty finance loans and leases are generally made to large corporate obligors that participate in stable industries nationwide, and its warehouse loans are made to mortgage lenders across the country. It offers a suite of cash management products to address the needs of small and mid-size businesses and professional associations. The Bank operates about 419 branches, including strong footholds in the Northeast and Midwest and exposure to markets in the Southeast and West Coast. Flagstar Mortgage operates nationally through a wholesale network of about 3,000 third-party mortgage originators.
New York Community Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on February 22, 2017; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016