earnings
confidence high
sentiment neutral
materiality 0.70
NYCB Q3 GAAP EPS $0.27, adjusted $0.36; NIM up to 3.27%; declares $0.17 dividend
FLAGSTAR BANK, NATIONAL ASSOCIATION
2023-Q3 EPS reported
$3.61
- GAAP diluted EPS $0.27, net income to common $199M; adjusted diluted EPS $0.36, adjusted net income $266M.
- Net interest margin expanded 6 bps to 3.27%; net interest income $882M, down 2% from prior quarter.
- Loans held for investment up $717M to $84.0B; C&I loans up $562M, CRE up $302M.
- Non-performing loans rose 68% to $392M (0.47% of loans), driven by two office CRE loans.
- Quarterly dividend of $0.17/share declared, payable Nov 16 to holders of record Nov 6.