NEW YORK COMMUNITY BANCORP INC NYCB Income Statement

New york community bancorp inc (NYCB)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Interest Income:
Loans and leases
391,911	393,660	391,920	387,634	379,790	375,307	368,264	368,456	355,917	346,515	350,990	361,330	358,402	372,883	367,932	370,482	360,723	361,043	357,916	357,999	364,504	358,298	360,499	350,557	345,530	362,166	370,341	388,156	366,999	397,904	394,935	406,481	398,184	414,303	400,114	408,292	415,942	428,850	410,178	417,168	413,675	355,124	327,120	321,640	321,717	316,780	310,396
Securities and money market investments
49,131	57,023	62,631	66,118	66,384	67,565	56,880	48,876	48,408	43,855	42,685	37,745	40,717	42,465	48,164	49,133	63,087	63,458	58,634	63,621	64,409	64,505	66,572	67,325	69,781	68,876	57,334	48,418	45,808	48,868	47,776	48,499	48,454	50,539	61,777	60,716	54,981	51,949	57,252	66,019	68,703	74,750	75,816	80,056	78,389	81,619	82,904
Total interest income
441,042	450,683	454,551	453,752	446,174	442,872	425,144	417,332	404,325	390,370	393,675	399,075	399,119	415,348	416,096	419,615	423,810	424,501	416,550	421,620	428,913	422,803	427,071	417,882	415,311	431,042	427,675	436,574	412,807	446,772	442,711	454,980	446,638	464,842	461,891	469,008	470,923	480,799	467,430	483,187	482,378	429,874	402,936	401,696	400,106	398,399	393,300
Interest Expense:
Interest-bearing checking and money market accounts
28,564	33,951	42,465	47,772	50,159	48,726	44,497	40,380	34,369	27,567	27,620	24,084	19,709	16,395	15,866	15,286	14,619	11,918	11,770	11,727	11,052	11,109	10,632	9,371	8,396	8,319	8,613	9,777	9,175	9,413	9,106	9,357	8,733	8,638	9,095	10,398	11,154	11,605	12,542	16,413	16,431	11,531	7,380	7,314	7,563	13,346	13,144
Savings accounts
8,934	9,435	9,326	8,861	8,083	7,818	7,325	6,630	7,221	7,378	7,109	7,150	6,810	6,981	7,439	7,354	10,208	12,779	12,739	12,925	12,333	11,254	9,741	8,259	6,473	6,438	6,285	5,206	4,021	3,328	3,288	3,565	3,496	3,459	3,696	4,206	4,127	4,464	4,824	5,800	5,745	4,391	3,687	3,565	4,216	5,814	5,869
Certificates of deposit
79,555	84,874	86,934	80,651	67,775	61,085	51,249	39,534	30,515	28,569	27,649	24,006	22,131	21,746	20,501	18,738	15,890	14,522	15,539	15,729	17,116	18,657	18,330	18,464	19,060	19,582	20,206	21,782	22,235	23,155	23,516	23,489	23,720	25,301	25,173	24,952	26,974	29,989	33,847	37,327	37,553	30,346	35,482	44,617	52,723	67,274	65,799
Borrowed funds
79,522	79,953	79,911	78,778	78,832	78,007	72,567	66,833	61,922	55,882	54,954	56,066	55,552	54,706	53,867	52,664	55,227	834,484	97,090	96,142	95,644	98,101	99,339	98,296	97,232	99,378	98,340	99,925	102,200	120,875	121,851	121,913	122,275	127,186	128,960	127,508	125,416	129,751	130,029	129,446	128,065	129,141	130,027	128,615	128,689	130,086	177,938
Total interest expense
196,575	208,213	218,636	216,062	204,849	195,636	175,638	153,377	134,027	119,396	117,332	111,306	104,202	99,828	97,673	94,042	95,944	873,703	137,138	136,523	136,145	139,121	138,042	134,390	131,161	133,717	133,444	136,690	137,631	156,771	157,761	158,324	158,224	164,584	166,924	167,064	167,671	175,809	181,242	188,986	187,794	175,409	176,576	184,111	193,191	216,520	262,750
Net interest income
244,467	242,470	235,915	237,690	241,325	247,236	249,506	263,955	270,298	270,974	276,343	287,769	294,917	315,520	318,423	325,573	327,866	-449,202	279,412	285,097	292,768	283,682	289,029	283,492	284,150	297,325	294,231	299,884	275,176	290,001	284,950	296,656	288,414	300,258	294,967	301,944	303,252	304,990	286,188	294,201	294,584	254,465	226,360	217,585	206,915	181,879	130,550
Provision for (recovery of) credit losses
20,601	-	4,781	1,844	-1,222	-	1,201	4,714	9,571	-	-	-	-	-	-55	895	-176	-6,317	-9,028	334	7	-200	-3,945	188	-14,630	-2,829	14,467	9,618	9,502	1,720	12,820	33,448	15,000	32,712	18,000	23,708	26,000	28,903	32,000	22,000	20,000	30,000	15,000	12,000	6,000	400	1,700
Net interest income after provision for (recovery of) credit losses
223,866	240,768	231,134	235,846	242,547	244,466	248,305	259,241	260,727	268,048	231,758	294,030	298,925	312,004	318,478	324,678	328,042	-442,885	288,440	284,763	292,761	283,882	292,974	283,304	298,780	300,154	279,764	290,266	265,674	288,281	272,130	263,208	273,414	267,546	276,967	278,236	277,252	276,087	254,188	272,201	274,584	224,465	211,360	205,585	200,915	181,479	128,850
Non-Interest Income:
Fee income
7,018	7,002	7,580	7,487	7,228	7,709	7,237	7,492	7,327	-	-	-	7,860	8,185	8,640	7,917	7,923	8,121	8,765	8,778	8,394	9,073	9,188	9,430	8,894	9,647	9,799	9,961	8,772	9,730	9,427	9,433	9,758	9,288	11,544	12,143	11,899	13,128	13,403	14,088	13,965	11,819	9,682	9,282	9,291	10,402	10,210
Bank-owned life insurance
7,389	8,155	6,791	6,479	6,975	7,876	7,302	6,318	6,804	5,930	8,314	6,519	6,337	7,807	7,029	6,843	9,336	6,946	7,117	6,774	6,704	6,620	6,888	6,813	6,829	7,432	7,916	7,337	7,253	7,334	6,781	6,802	9,585	7,041	6,890	7,564	6,889	7,047	6,792	6,775	7,401	6,924	6,914	6,728	6,840	7,021	7,134
Gain on business disposition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,823	-	-	-	-	-	-	-	-	-	-	-
Net gain on sales of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	688	3,465	5,878	5,775	-	7,013	8,757	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on securities
534	-30	275	493	6,987	-1,184	-41	-303	-466	1,009	0	26,936	1,979	2,934	237	13	163	3,111	140	592	211	8,712	182	262	4,873	3,272	1,019	123	16,622	672	510	141	718	1,139	6,734	18,743	9,992	22,438	0	0	-8	-	-	-	-	0	568
Total loss on OTTI of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,124	-	0	12,790	481	13,185	-	22,550	51,073	-	44,160	49,595
Less: Non-credit portion of OTTI recorded in other comprehensive (loss) income (before taxes)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-11,964	-59	-12,462	-	-9,275	-11,345	-	0	0
Net loss on OTTI recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,124	-	0	826	422	723	-	13,275	39,728	-	44,160	49,595
Mortgage banking income
-	-	-	-	-	-	-	-	-	-109	1,486	8,196	9,764	3,261	12,925	6,957	4,138	12,265	7,474	15,968	18,406	16,446	16,606	15,291	14,610	12,753	16,205	23,216	26,109	32,574	52,581	58,323	35,165	24,688	24,274	11,774	19,938	40,386	76,465	39,499	27,533	-	-	-	-	-	-
FDIC indemnification expense
-	-	-	-	-	-	-	-	-	0	0	-14,325	-4,636	-1,327	-1,031	-1,479	-2,318	-4,989	-6,813	1,764	702	-160	-3,156	150	-11,704	-4,663	7,573	3,694	3,602	-	2,256	14,759	-	-	-	7,624	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of covered loans and mortgage banking operations
-	-	-	-	-	-	-	-	-	-	82,026	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on Visa shares sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,856	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
1,958	2,372	9,740	3,138	3,595	8,720	8,424	9,199	9,192	10,704	9,130	14,960	10,868	10,826	9,330	11,237	10,220	23,224	13,891	19,268	17,817	33,867	11,578	20,647	9,877	10,981	8,212	9,414	13,193	10,123	10,102	8,747	6,770	7,593	8,627	9,341	9,892	8,679	8,828	9,693	6,583	6,478	6,034	6,007	6,045	7,405	9,024
Total non-interest income
16,899	17,462	24,386	17,597	24,785	23,073	22,922	22,706	22,857	25,343	108,928	50,437	32,172	32,374	40,595	37,366	35,237	59,041	37,587	61,901	52,234	70,479	41,286	52,593	37,235	38,810	50,724	53,745	75,551	55,495	81,657	98,205	61,996	59,758	58,069	58,888	58,610	103,260	107,103	72,516	55,044	138,102	15,072	-17,711	22,176	-19,332	-22,659
Non-Interest Expense:
Operating expenses:
Compensation and benefits
79,451	72,525	75,159	72,573	81,440	74,924	78,283	80,314	83,975	81,734	92,246	93,512	96,206	90,778	86,079	85,847	89,304	88,171	84,177	83,067	87,209	78,232	78,033	74,843	75,740	75,207	77,083	77,400	83,506	75,250	74,416	73,591	73,617	71,160	76,898	73,218	72,068	67,293	72,874	67,797	66,900	51,132	46,093	45,045	42,422	42,769	43,340
Occupancy and equipment
17,875	22,575	21,748	21,889	22,962	25,796	24,401	25,026	24,884	25,368	25,133	23,403	25,059	24,706	24,347	23,675	25,815	25,219	25,976	25,941	25,299	25,019	23,619	24,380	25,998	25,151	24,342	24,159	23,600	22,649	22,956	23,249	21,884	21,482	21,711	21,770	21,940	22,271	22,019	22,115	21,665	19,381	17,700	17,907	18,736	17,585	17,212
General and administrative
28,196	30,997	26,395	28,590	34,365	34,226	31,749	32,802	30,248	41,382	44,831	46,820	45,524	48,249	48,506	49,533	41,270	50,345	35,875	41,577	42,744	42,987	41,524	46,531	42,264	46,051	44,785	45,925	44,569	51,941	51,094	53,669	49,517	48,297	47,918	52,912	45,309	51,068	48,378	43,576	40,290	37,585	26,274	38,975	22,753	18,224	21,948
Total operating expenses
-	-	-	-	-	-	-	-	-	148,484	162,210	163,735	166,789	163,733	158,932	159,055	156,389	163,735	146,028	150,585	155,252	146,238	143,176	145,754	144,002	146,409	146,210	147,484	151,675	149,840	148,466	150,509	145,018	140,939	146,527	147,900	139,317	140,632	143,271	133,488	128,855	108,098	90,067	101,927	83,911	78,578	82,500
Amortization of core deposit intangibles
-	-	-	-	-	-	-	-	-	0	24	30	154	397	542	606	846	1,135	1,280	1,345	1,584	1,873	2,019	2,082	2,323	3,065	4,117	4,181	4,421	4,710	4,855	4,920	5,159	5,448	6,089	7,144	7,385	7,673	7,818	7,883	7,892	6,237	5,412	5,476	5,687	5,757	5,821
Debt repositioning charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	285,369
Gain on business acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,883	-	-	-	-	-	-	-
Debt repositioning charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	274	2,441	0	293	-	5,717	-	-	0	0
Merger-related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	6,472	2,211	1,250	1,213	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-interest expense
125,522	126,097	123,302	123,052	138,767	134,946	134,433	138,142	139,107	148,484	162,234	163,765	166,943	170,602	161,685	160,911	158,448	309,781	147,308	151,930	156,836	148,111	145,195	147,836	146,325	149,474	150,327	151,665	156,096	154,550	153,321	155,429	150,177	146,387	152,616	155,044	146,702	148,305	151,089	141,371	136,747	114,335	95,479	107,403	89,598	84,335	373,690
Income before income taxes
115,243	132,133	132,218	130,391	128,565	132,593	136,794	143,805	144,477	144,907	178,452	180,702	164,154	173,776	197,388	201,133	204,831	-693,625	178,719	194,734	188,159	206,250	189,065	188,061	189,690	189,490	180,161	192,346	185,129	189,226	200,466	205,984	185,233	180,917	182,420	182,080	189,160	231,042	210,202	203,346	192,881	248,232	130,953	80,471	133,493	77,812	-267,499
Income tax expense
14,915	30,959	33,172	33,145	30,988	30,854	30,022	36,451	37,925	8,386	67,984	65,447	60,197	60,043	72,089	74,673	74,922	-288,818	64,031	71,030	68,900	75,053	68,807	69,373	74,436	69,335	65,961	69,829	66,454	66,383	71,668	74,772	66,980	63,265	62,670	62,621	65,984	81,210	74,593	71,919	68,732	93,296	32,380	24,023	44,804	19,748	-112,716
Net income
100,328	101,174	99,046	97,246	97,577	101,739	106,772	107,354	106,552	136,521	110,468	115,255	103,957	113,733	125,299	126,460	129,909	-404,807	114,688	123,704	119,259	131,197	120,258	118,688	115,254	120,155	114,200	122,517	118,675	122,843	128,798	131,212	118,253	117,652	119,750	119,459	123,176	149,832	135,609	131,427	124,149	154,936	98,573	56,448	88,689	58,064	-154,783
Preferred stock dividends
8,207	8,207	8,207	8,207	8,207	8,207	8,207	8,207	8,207	-	8,207	8,207	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available to common shareholders
92,121	92,967	90,839	89,039	89,370	93,532	98,565	99,147	98,345	128,314	102,261	107,048	103,957	-	125,299	126,460	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic earnings per common share
0.20	0.20	0.19	0.19	0.19	0.19	0.20	0.20	0.20	0.26	0.21	0.22	0.21	0.22	0.26	0.26	0.27	-0.92	0.26	0.28	0.27	0.29	0.27	0.27	0.26	0.27	0.26	0.28	0.27	0.27	0.29	0.30	0.27	0.27	0.27	0.27	0.28	0.34	0.31	0.30	0.29	0.43	0.28	0.16	0.26	0.17	-0.47
Diluted earnings per common share
0.20	0.20	0.19	0.19	0.19	0.19	0.20	0.20	0.20	0.26	0.21	0.22	0.21	0.22	0.26	0.26	0.27	-0.92	0.26	0.28	0.27	0.29	0.27	0.27	0.26	0.27	0.26	0.28	0.27	0.27	0.29	0.30	0.27	0.27	0.27	0.27	0.28	0.34	0.31	0.30	0.29	0.43	0.28	0.16	0.26	0.17	-0.47
Net income
100,328	101,174	99,046	97,246	97,577	101,739	106,772	107,354	106,552	136,521	110,468	115,255	103,957	-	125,299	126,460	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
-12,157	-12,322	-757	26,258	32,755	19,315	-20,790	-17,119	-31,138	-8,064	-4,285	53,538	495	-3,891	-558	1,180	1,062	1,905	-1,047	-2,098	1,715	954	-432	2,156	3,729	-900	-2,625	-4,203	685	2,150	5,198	3,094	2,091	4,627	6,109	-7,439	-3,837	-	-	-	-	-	-	-	-	-	-
Change in pension and post-retirement obligations, net of tax of $(19); and $(16), respectively
-45	-	-	-	-37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in the non-credit portion of OTTI losses recognized in other comprehensive income (loss), net of tax of $000; $(821); and $(13), respectively
-	-	-	-	-	0	0	0	-821	0	0	1	19	20	19	19	19	51	18	17	-17	417	-166	-17	-17	-364	-16	-7,513	-28	-	-26	-26	-	-	-22	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of the non-credit portion of OTTI losses recognized in other comprehensive income, net of tax of $17 and $15, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-23	-	-	-7,187	-20	-	-	-	-	-	-	-	-	-	-
Change in pension and post-retirement obligations, net of tax of $(5,033); $(4,897); and $(2,234), respectively
-	-	-1,821	-1,823	-	15,914	-1,314	-1,313	8,656	2,071	-1,219	-1,219	-1,218	-8	-1,336	-1,335	-1,336	5,082	-1,212	-1,177	-1,248	23,701	-526	-526	-526	-25,170	-1,486	-1,486	-1,486	5,801	-1,537	-1,537	-1,537	22,618	-741	-740	744	-4,429	781	835	834	6,981	1,110	1,111	1,203	51	50
Change in net unrealized gain (loss) on cash flow hedges, net of tax of $13,397
-35,888	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Reclassification adjustment for sales of available-for-sale securities, net of tax of $206; and $1,517, respectively
543	0	0	26	3,892	-	-	-	-	665	0	0	1,078	-	-	-	-	-	-	-	-	523	109	158	2,904	1,585	614	73	3,022	1,293	306	84	-443	17,906	-8,245	-369	1,753	-	-	-	-	-	-	-	-	-	-
Reclassification adjustment for net gain on cash flow hedges included in net income, net of tax of $178
467	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification adjustment for defined benefit pension plan, net of tax of $(487) and $(695), respectively
1,288	-	-	-	1,783	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other comprehensive (loss) income, net of tax
-47,722	-4,992	1,064	28,055	30,683	3,411	-19,476	-15,806	-40,615	-10,800	-3,066	54,758	654	-5,440	797	2,534	2,417	-3,594	183	-904	2,980	-23,253	151	2,541	1,368	23,049	-1,737	4,723	-823	-4,031	6,455	4,573	3,208	-20,135	-1,373	119	-4,826	-	-	-	-	-	-	-	-	-	-
Net unrealized (loss) gain on securities and non-credit portion of OTTI losses on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,413	212	-4,783	11,510	6,797	1,264	8,030	-8,363	15,519
Total comprehensive income, net of tax
52,606	96,182	100,110	125,301	128,260	105,150	87,296	91,548	65,937	125,721	107,402	170,013	104,611	108,293	126,096	128,994	132,326	-408,401	114,871	122,800	122,239	107,944	120,409	121,229	116,622	143,204	112,463	127,240	117,852	118,812	135,253	135,785	121,461	97,517	118,377	119,578	118,350	139,748	152,803	132,474	120,200	173,427	106,480	58,823	97,922	49,752	-139,214