AP NEWS

New York Community Bancorp: 3Q Earnings Snapshot

October 30, 2019 GMT

WESTBURY, N.Y. (AP) _ New York Community Bancorp Inc. (NYCB) on Wednesday reported third-quarter net income of $99 million.

On a per-share basis, the Westbury, New York-based company said it had profit of 19 cents.

The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 19 cents per share.

The bank holding company posted revenue of $478.9 million in the period. Its adjusted revenue was $260.3 million, which topped Street forecasts. Six analysts surveyed by Zacks expected $257 million.

New York Community Bancorp shares have risen 45% since the beginning of the year. The stock has climbed 46% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NYCB at https://www.zacks.com/ap/NYCB