New York Community Bancorp Slips To Loss In Q4; Adj. EPS Beats View

(RTTNews) - New York Community Bancorp Inc. (NYCB) reported Wednesday that its fourth quarter net loss was $404.81 million or $0.87 per share, compared to profit of $131.20 million or $0.30 per share a year ago.

In the fourth quarter of 2015, the Company recorded a one-time debt repositioning charge of $546.8 million in connection with the prepayment of $10.4 billion of wholesale borrowings.

Excluding the after-tax debt repositioning charge and $3.2 million of merger-related expenses, the company generated non-GAAP earnings of $145.2 million, or $0.31 per share.

On average, 15 analysts polled by Thomson Reuters expected earnings of $0.27 per share. Analysts' estimates typically exclude special items.

Net interest loss was $449.20 million, compared to income of $283.68 million a year ago.

Excluding the impact of the one-time charge, the company recorded net interest income of $324.6 million and a net interest margin of 2.95%.