New york community bancorp inc (NYCB)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Interest Income:
Loans and leases

1,553,004

1,467,944

1,417,237

1,472,020

1,441,462

1,414,884

1,487,662

1,597,504

1,638,651

1,669,871

1,325,601

1,260,291

1,217,348

Securities and money market investments

252,156

221,729

165,002

202,849

250,122

268,183

220,436

193,597

228,013

243,923

309,011

344,838

349,397

Total interest income

1,805,160

1,689,673

1,582,239

1,674,869

1,691,584

1,683,067

1,708,098

1,791,101

1,866,664

1,913,794

1,634,612

1,605,129

1,566,745

Interest Expense:
Interest-bearing checking and money market accounts

174,347

167,972

98,980

62,166

46,467

39,508

35,884

36,609

39,285

56,991

33,788

54,599

90,346

Savings accounts

35,705

28,994

28,447

31,982

50,776

35,727

21,950

13,677

15,488

20,833

15,859

22,179

27,714

Certificates of deposit

320,234

182,383

102,355

76,875

62,906

74,511

83,805

93,880

102,400

138,716

163,168

271,615

307,764

Borrowed funds

317,474

279,329

222,454

216,464

1,123,360

392,968

399,843

486,914

509,070

517,291

516,472

581,241

524,391

Total interest expense

847,760

658,678

452,236

387,487

1,283,509

542,714

541,482

631,080

666,243

733,831

729,287

929,634

950,215

Net interest income

957,400

1,030,995

1,130,003

1,287,382

408,075

1,140,353

1,166,616

1,160,021

1,200,421

1,179,963

905,325

675,495

616,530

Provision for (recovery of) credit losses

-

-

-

-

-15,004

-18,587

30,758

62,988

100,420

102,903

63,000

7,700

0

Net interest income after provision for (recovery of) credit losses

950,295

1,012,739

1,092,761

1,283,202

423,079

1,158,940

1,135,858

1,097,033

1,100,001

1,077,060

842,325

667,795

616,530

Non-Interest Income:
Fee income

29,297

29,765

31,759

32,665

34,058

36,585

38,179

38,348

44,874

54,584

40,074

41,191

42,170

Bank-owned life insurance

28,400

28,300

27,100

31,015

27,541

27,150

29,938

30,502

28,384

28,015

27,406

28,644

26,142

Gain on business disposition

-

-

-

-

-

-

-

-

9,823

-

-

-

-

Net gain on sales of loans

-

-

-

15,806

26,133

-223

-

-2,313

-

-

-

-

-

Net gain on securities

7,725

-1,994

29,924

3,347

4,054

14,029

21,036

2,041

36,608

22,430

338

573

1,888

Total loss on OTTI of securities

-

-

-

-

-

-

612

-

18,124

26,456

106,248

104,317

56,958

Less: Non-credit portion of OTTI recorded in other comprehensive (loss) income (before taxes)

-

-

-

-

-

-

0

0

0

-24,485

-9,715

-

0

Net loss on OTTI recognized in earnings

-

-

-

-

-

-

612

-

18,124

1,971

96,533

104,317

56,958

Mortgage banking income

-

-

19,337

27,281

54,113

62,953

78,283

178,643

80,674

183,883

12,129

-

-

FDIC indemnification expense

-

-

-18,961

-6,155

-9,336

-14,870

10,206

14,390

17,633

11,308

-

-

-

Gain on sale of covered loans and mortgage banking operations

-

-

82,026

-

-

-

-

-

-

-

-

-

-

Gain on sale of bank-owned property

-

-

-

-

-

-

-

-

-

-

-

-

64,879

Other

18,845

35,535

45,662

41,613

74,200

75,969

41,800

35,742

35,453

33,783

24,564

32,476

34,819

Total non-interest income

84,230

91,558

216,880

145,572

210,763

201,593

218,830

297,353

235,325

337,923

157,639

15,529

111,092

Non-Interest Expense:
Operating expenses:
Compensation and benefits

301,697

317,496

363,698

352,008

342,624

306,848

313,196

296,874

293,344

274,864

184,692

169,970

159,217

Occupancy and equipment

89,174

100,107

98,963

98,543

102,435

99,016

97,252

90,738

86,903

88,070

73,724

70,654

68,543

General and administrative

120,347

129,025

178,557

187,558

170,541

173,306

181,330

206,221

194,436

183,312

125,587

80,194

71,815

Total operating expenses

511,218

546,628

641,218

638,109

615,600

579,170

591,778

593,833

574,683

546,246

384,003

320,818

299,575

Amortization of core deposit intangibles

-

-

208

2,391

5,344

8,297

15,784

19,644

26,066

31,266

22,812

23,343

22,758

Debt repositioning charge

-

-

-

-

-

-

-

-

-

-

-

285,369

3,190

Gain on business acquisition

-

-

-

-

-

-

-

-

-

2,883

139,607

-

0

Debt repositioning charge

-

-

-

-

-141,209

-

-

-

-

3,008

10,054

16,962

-1,848

Merger-related expenses

-

-

-

11,146

3,702

-

-

-

-

-

-

-

-

Total non-interest expense

511,218

546,628

641,426

651,646

765,855

587,467

607,562

613,477

600,749

577,512

406,815

629,530

325,523

Income before income taxes

523,307

557,669

668,215

777,128

-132,013

773,066

747,126

780,909

734,577

837,471

593,149

53,794

402,099

Income tax expense

128,264

135,252

202,014

281,727

-84,857

287,669

271,579

279,803

254,540

296,454

194,503

-24,090

123,017

Net income

395,043

422,417

466,201

495,401

-47,156

485,397

475,547

501,106

480,037

541,017

398,646

77,884

279,082

Preferred stock dividends

32,828

32,828

24,621

-

-

-

-

-

-

-

-

-

-

Net income available to common shareholders

362,215

389,589

441,580

495,401

-47,156

-

-

-

-

-

-

-

-

Basic earnings per common share

0.77

0.79

0.90

1.01

-0.11

1.09

1.08

1.13

1.09

1.24

1.13

0.23

0.90

Diluted earnings per common share

0.77

0.79

0.90

1.01

-0.11

1.09

1.08

1.13

1.09

1.24

1.13

0.23

0.90

Net income

395,043

422,417

466,201

495,401

-47,156

-

-

-

-

-

-

-

-

Other comprehensive (loss) income, net of tax:
Change in net unrealized gain (loss) on securities available for sale, net of tax of $4,611; and $(12,868), respectively

45,934

-49,732

41,684

-2,207

475

6,407

-7,043

12,533

-540

25,404

-

-

-

Change in the non-credit portion of OTTI losses recognized in other comprehensive income (loss), net of tax of $000; $(821); and $(13), respectively

-

-821

20

77

69

217

-7,921

-102

-7,251

14,829

-

-

-

Amortization of net unrealized loss on securities transferred from available for sale to held to maturity, net of tax of $2,557

-

-

-

-

-

-

-

-

-

3,927

-

-

-

Change in pension and post-retirement obligations, net of tax of $(5,033); $(4,897); and $(2,234), respectively

-11,941

21,943

-1,585

-4,015

1,445

22,123

-29,628

1,190

21,881

-1,979

10,405

-43,628

9,449

Change in net unrealized gain (loss) on cash flow hedges, net of tax of $13,397

964

-

-

-

-

-

-

-

-

-

-

-

-

Less: Reclassification adjustment for sales of available-for-sale securities, net of tax of $206; and $1,517, respectively

3,918

-10

1,743

1,577

434

3,694

5,294

1,240

11,045

-12,273

-

-

-

Reclassification adjustment for net gain on cash flow hedges included in net income, net of tax of $178

111

-

-

-

-

-

-

-

-

-

-

-

-

Total other comprehensive (loss) income, net of tax

54,810

-72,486

41,546

308

-1,335

-19,193

25,212

10,205

-26,215

4,208

-

-

-

Net unrealized (loss) gain on securities and non-credit portion of OTTI losses on securities

-

-

-

-

-

-

-

-

-

-

27,601

-22,376

37,289

Total comprehensive income, net of tax

449,853

349,931

507,747

495,709

-48,491

466,204

500,759

511,311

453,822

545,225

436,652

11,880

325,820

Non-Covered Loans
Provision for (recovery of) losses

7,105

18,256

60,943

11,874

-

-

-

-

-

-

-

-

-

Covered Loans
Provision for (recovery of) losses

-

-

-23,701

-7,694

-

-

-

-

-

-

-

-

-