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New York Community Bancorp (NYCB) Reports Q4 Earnings: What Key Metrics Have to Say

Zacks Equity Research
·2-min read

For the quarter ended December 2022, New York Community Bancorp (NYCB) reported revenue of $577 million, up 70.7% over the same period last year. EPS came in at $0.25, compared to $0.31 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $410.71 million, representing a surprise of +40.49%. The company delivered an EPS surprise of -7.41%, with the consensus EPS estimate being $0.27.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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Here is how New York Community Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Interest Margin [%]: 2.28% versus the four-analyst average estimate of 2.25%.

  • Total interest earning assets-Average Balance: $66.80 billion compared to the $66.74 billion average estimate based on three analysts.

  • Efficiency ratio: 48.82% versus the three-analyst average estimate of 47.79%.

  • Total non-interest income (loss): $198 million versus the four-analyst average estimate of $75.08 million.

  • Net Interest Income: $379 million versus the four-analyst average estimate of $379.81 million.

View all Key Company Metrics for New York Community Bancorp here>>>

Shares of New York Community Bancorp have returned +12.4% over the past month versus the Zacks S&P 500 composite's +4.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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Zacks Investment Research