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Recap: New York Community Q4 Earnings

Shares of New York Community (NYSE:NYCB) were unchanged after the company reported Q4 results.

Quarterly Results

Earnings per share increased 35.00% over the past year to $0.27, which beat the estimate of $0.26.

Revenue of $307,917,000 rose by 26.99% from the same period last year, which beat the estimate of $301,850,000.

Looking Ahead

Earnings guidance hasn’t been issued by the company for now.

New York Community hasn’t issued any revenue guidance for the time being.

Conference Call Details

Date: Jan 27, 2021

Time: 08:30 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/nycb/mediaframe/42772/indexr.html

Technicals

Company’s 52-week high was at $11.89

Company’s 52-week low was at $7.72

Price action over last quarter: Up 33.82%

Company Description

New York Community Bancorp Inc is a US-based multi-bank holding company. The group operates in the business division of Banking operations which relates to the provision of services of the loan and deposit products and other financial services to the consumers and businesses. The company is also a producer of multi-family loans in New York City, with an emphasis on non-luxury residential apartment buildings with rent-regulated units that feature below-market rents. The group also offers online banking, mobile banking, and banking by phone services.

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