New York Community Bancorp Q2 Earnings: Lots Of Noise But It Should Survive
The Bancorp(TBBK) Seeking Alpha·2024-07-26 14:23
PM Images New York Community Bank Second Quarter Earnings Review: New York Community Bank (NYSE:NYCB) reported a Q2 with a headline adjusted earnings loss of $1.05/share. This was much wider than the ~$.45/share loss expected. I'll go through the numbers in what, I think, is the order of importance. Deposits: Deposits grew 5.6%. For a bank that people viewed as teetering on potential insolvency, deposit growth is huge. This growth might have come with a cost, which I'll get to later, but had we seen dep ...