batchsize=3;
event_count=5;
year=2010;
month=7;
day=30;
hour=12;
minute=20;
second=15;
event_date=2010-07-28 08:15:59;
sort_date=40387.344433;
Chief Pulse Comment by Joseph R Ficalora
The Company also reported cash earnings of $148.7 million, or $0.34 per diluted share, in the current second quarter, which added $12.4 million, or 9.1%, more to tangible capital than its second quarter 2010 GAAP earnings alone (2) (3).
Commenting on the Company's second quarter 2010 performance, Chairman, President, and Chief Executive Officer Joseph R. Ficalora stated, "We're pleased to report that operating earnings rose 45.9% year over year, to $129.9 million, equivalent to a 15.4% rise in diluted operating earnings per share to $0.30. Revenue growth was driven by increases in both net interest and non interest income, with the former rising 35.2% year over year to $294.2 million, and the latter rising substantially, to $80.4 million."In addition to the benefit of last December's AmTrust Bank transaction, our second quarter earnings reflect organic loan growth and the three month benefit of Desert Hills
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The Company also reported cash earnings of $148.7 million, or $0.34 per diluted share, in the current second quarter, which added $12.4 million, or 9.1%, more to tangible capital than its second quarter 2010 GAAP earnings alone (2) (3). <span class="sent">Commenting on the Company's second quarter 2010 performance, Chairman, President, and Chief Executive Officer Joseph R. Ficalora stated, "We're pleased to report that operating earnings rose 45.9% year over year, to $129.9 million, equivalent to a 15.4% rise in diluted operating earnings per share to $0.30.</span> Revenue growth was driven by increases in both net interest and non interest income, with the former rising 35.2% year over year to $294.2 million, and the latter rising substantially, to $80.4 million."In addition to the benefit of last December's AmTrust Bank transaction, our second quarter earnings reflect organic loan growth and the three month benefit of Desert Hills....And although it was on a much smaller scale, it was nonetheless gratifying to integrate the systems used by our 14 branches in Arizona, enhancing convenience for the customers we welcomed from both AmTrust and Desert Hills."Moving back to our balance sheet, we also were pleased to report an increase in our tangible capital measures, on both a linked quarter basis and since the end of the year. <span class="sent">At the end of June, tangible stockholders' equity, excluding AOCL, represented 7.51% of tangible assets an 18 basis point increase from the March 31st measure and a 26 basis point increase from the measure at December 31st (3)."Although the strength of our capital measures has always been important, its significance became even greater with last week's enactment of Dodd Frank," Mr. <span class="analyst">Ficalora</span> said.</span> "While the largest banks will likely feel the greatest impact, the rest of us are nonetheless subject to new regulations that will necessitate our expanding our sources of income and capital. We believe that we are well equipped and positioned to adapt to the new order, and to generate earnings and capital despite the changes that have taken place."....Board of Directors Declares $0.25 per Share Dividend, Payable on August 17th.."In view of the strength of our capital and the continued strength of our earnings, the Board of Directors last night declared a quarterly cash dividend of $0.25 per share. <span class="sent">The dividend is payable on August 17, 2010 to shareholders of record at the close of business on August 6th," Mr. <span class="analyst">Ficalora</span> said.</span> Earnings for the Six Months Ended June 30, 2010. For the six months ended June 30, 2010, the Company reported GAAP earnings of $260.4 million, representing a $115.3 million, or 79.4%, increase from the year earlier level and an $0.18, or 42.9%, increase in diluted GAAP earnings per share to $0.60.
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event_date=2010-06-28 11:05:04;
sort_date=40357.461852;
event_date=2010-06-01 10:00:38;
sort_date=40330.417106;
Of the 14 members on its board of directors, the fact that more than one director has the expertise to assess property sites is one of several advantages the $42 billion asset thrift has in an industry where many troubled banks turned out to have boards composed of with little to no specific banking experience.
"What it shows is that the board is very connected to the loan portfolio and an integral part of the underwriting process," says Mark Fitzgibbon, director of research at Sandler O'Neill & Partners. "They know the markets, they know the building owners, they're uniquely suited to be able to render an opinion on the likelihood of getting repaid on the loan.
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Of the 14 members on its board of directors, the fact that more than one director has the expertise to assess property sites is one of several advantages the $42 billion asset thrift has in an industry where many troubled banks turned out to have boards composed of with little to no specific banking experience. <span class="sent">"What it shows is that the board is very connected to the loan portfolio and an integral part of the underwriting process," says <span class="analyst">Mark Fitzgibbon</span>, director of research at Sandler O'Neill & Partners. </span>"They know the markets, they know the building owners, they're uniquely suited to be able to render an opinion on the likelihood of getting repaid on the loan. Tweet this
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Chief Pulse Comment by Joseph R Ficalora
event_date=2010-05-06 16:56:19;
sort_date=40304.705775;
New York Community Bancorp, Inc (NYSE: NYB) (the "Company") today announced that its chairman, president, and chief executive officer, Joseph R. Ficalora, will participate in the UBS Global Financial Services Conference to be held in New York City on , 2010. Mr. Ficalora's presentation is scheduled to begin at 1:30 p.m. Eastern Time and will focus on the Company's first quarter 2010 performance and its business strategies. A simultaneous webcast of the presentation, including any questions and answers, will be available at the Company's web site, .
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New York Community Bancorp, Inc (NYSE: NYB) (the "Company") today announced that its chairman, president, and chief executive officer, Joseph R. Ficalora, will participate in the UBS Global Financial Services Conference to be held in New York City on , 2010. Mr. Ficalora's presentation is scheduled to begin at 1:30 p.m. Eastern Time and will focus on the Company's first quarter 2010 performance and its business strategies. A simultaneous webcast of the presentation, including any questions and answers, will be available at the Company's web site, . Tweet this
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