New York Community Bancorp Q2 Earnings: Lots Of Noise But It Should Survive

n t New York Community Bank (NYSE:NYCB) reported a Q2 with a headline adjusted earnings loss of $1.05/share. This was much wider than the ~$.45/share loss expected. I'll go through the numbers in what, I think, is the order of importance. NYCB Liquidity Profile (NYCB Q2 Earnings Presentation) Cost of Funds: (bp): The company brought the full-year guide for NIM down from 2.20-2.30% to 2.00-2.10%. That 20 bps is worth about $160-170 million of pre-tax interest income. Combine that with fewer assets due to the ...