New York Community Bancorp (NYCB) Reports Q3 Earnings: What Key Metrics Have to Say

New York Community Bancorp (NYCB) reported $623 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 40.2%. EPS of -$0.69 for the same period compares to $1.08 a year ago.The reported revenue represents a surprise of +0.21% over the Zacks Consensus Estimate of $621.72 million. With the consensus EPS estimate being -$0.40, the EPS surprise was -72.50%.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.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: Efficiency Ratio: 106% compared to the 100.3% average estimate based on six analysts. Net Interest Margin: 1.8% versus 1.9% estimated by six analysts on average. Book value per common share (GAAP): $19.43 compared to the $20.89 average estimate based on five analysts. Average Balances-Interest earning assets: $112.98 billion compared to the $107.46 billion average estimate based on five analysts. Net charge-offs to average loans: 0.3% compared to the 0.9% average estimate based on four analysts. Net Interest Income: $510 million versus the six-analyst average estimate of $526.04 million. Total non-interest income (loss): $113 million compared to the $88.99 million average estimate based on six analysts. Fee income: $42 million versus the five-analyst average estimate of $32.07 million. Bank-owned life insurance: $10 million versus $11.42 million estimated by five analysts on average. Other non-interest (loss) income: $30 million compared to the $29.03 million average estimate based on four analysts. Net gain on loan sales and securitizations: $5 million versus $13.07 million estimated by three analysts on average. Net return on mortgage servicing rights: $34 million compared to the $18.55 million average estimate based on two analysts. View all Key Company Metrics for New York Community Bancorp here>>>Shares of New York Community Bancorp have returned +0.7% over the past month versus the Zacks S&P 500 composite's +1.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.7% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report New York Community Bancorp, Inc. (NYCB): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks