NYCB reports Q4 net loss of $252M, cuts dividend to $0.05, builds reserves on credit concerns

FLAGSTAR BANK, NATIONAL ASSOCIATION

2023-FY EPS reported -$0.16

Q4 net loss available to common $260M, diluted EPS $(0.36); adjusted EPS $(0.27).
Recorded $552M provision for credit losses; ACL rose to $992M (1.17% of loans).
Full-year 2023 net income $2.4B includes $2.2B bargain purchase gain; adjusted EPS $0.80.
Quarterly common dividend slashed to $0.05 from prior rate to accelerate capital build.
Total assets $116.3B; joined Category IV large-bank category; CET1 ratio 9.10%.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FLAGSTAR BANK, NATIONAL ASSOCIATION reported the three and twelve months ended December 31, 2023 results: net income $2.4 billion (full year), net loss of $252 million (Q4), EPS $3.24 (full year), $(0.36) (Q4).

Period: the three and twelve months ended December 31, 2023
Net income: $2.4 billion (full year), net loss of $252 million (Q4)
EPS: $3.24 (full year), $(0.36) (Q4)
Result: reported results

Exact text from the filing

On January 31, 2024 , New York Community Bancorp, Inc. (the “Company”) issued a news release reporting its financial results for the three and twelve months ended December 31, 2023.

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FLAGSTAR BANK, NATIONAL ASSOCIATION filing history →

Source: SEC EDGAR

accession 0000910073-24-000034

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