New York Community Bancorp’s (NYCB) shares dropped more than 3% as it reported a net loss in the second quarter of 2024 on higher-than-expected provisions for credit losses. NYCB reported a second-quarter 2024 loss per share of $1.05, wider than the Zacks Consensus Estimate of a loss of 38 cents. It reported earnings of$1.41 in the year-ago quarter.The results were primarily affected by a significant rise in provisions for credit losses and higher expenses. A substantial fall in non-interest income and low ...