8-K
filed January 31, 2024, 6:59 PM ET
ticker FLG
CIK 0000910073
earnings
confidence high
sentiment negative
materiality 0.85
NYCB posts Q4 net loss $252M, slashes dividend to $0.05 to build capital
FLAGSTAR BANK, NATIONAL ASSOCIATION
2023-FY EPS reported
-$0.16
- Q4 net loss available to common $260M ($0.36 diluted EPS); adjusted net loss $193M.
- Full-year 2023 net income available to common $2.3B ($3.24); adjusted $576M ($0.80).
- Board cuts quarterly common dividend from $0.17 to $0.05 per share; payable Feb 28.
- Q4 provision for credit losses $552M, boosting ACL to 1.17% of loans; net charge-offs $185M driven by two loans.
- Total assets $116.3B; deposits $81.4B down 2% QoQ; regulatory capital ratios remain well capitalized.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
FLAGSTAR BANK, NATIONAL ASSOCIATION reported full-year 2023 results: net income net income for the year ended December 31, 2023 of $2.4 billion, EPS $3.24.
- Period
- full-year 2023
- Net income
- net income for the year ended December 31, 2023 of $2.4 billion
- EPS
- $3.24
- Result
- reported results
Exact text from the filing
New York Community Bancorp, Inc. (NYSE: NYCB) (the “Company”) today reported net income for the year ended December 31, 2023 of $2.4 billion compared to net income of $650 million for the year ended December 31, 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
FLAGSTAR BANK, NATIONAL ASSOCIATION reported fourth quarter 2023 results: net income net loss of $252 million, EPS $(0.36).
- Period
- fourth quarter 2023
- Net income
- net loss of $252 million
- EPS
- $(0.36)
- Result
- reported results
Exact text from the filing
For the three months ended December 31, 2023, the Company reported a net loss of $252 million compared to net income of $207 million for the three months ended September 30, 2023.
View on SEC.gov
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