New York Community Bancorp (New York Community Bancorp) Credit Losses Provision : $978.00 Mil (As of Mar. 2024)

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What is New York Community Bancorp Credit Losses Provision?

New York Community Bancorp's credit losses provision for the three months ended in Mar. 2024 was $315.00 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $978.00 Mil.

New York Community Bancorp's quarterly credit losses provision increased from Sep. 2023 ($62.00 Mil) to Dec. 2023 ($552.00 Mil) but then declined from Dec. 2023 ($552.00 Mil) to Mar. 2024 ($315.00 Mil).

New York Community Bancorp's annual credit losses provision increased from Dec. 2021 ($3.00 Mil) to Dec. 2022 ($133.00 Mil) and increased from Dec. 2022 ($133.00 Mil) to Dec. 2023 ($833.00 Mil).

New York Community Bancorp Credit Losses Provision Historical Data

The historical data trend for New York Community Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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New York Community Bancorp Credit Losses Provision Chart

New York Community Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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7.00

62.00

3.00

133.00

833.00

New York Community Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															170.00	49.00	62.00	552.00	315.00

New York Community Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $978.00 Mil.

New York Community Bancorp (New York Community Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » New York Community Bancorp Inc (NYSE:NYCBpA.PFD) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

NYCB:USA QC1:Germany QC1:Germany

Address

102 Duffy Avenue, Hicksville, New York, NY, USA, 11801

Website

https://www.mynycb.com

New York Community Bancorp Inc is the bank holding company. It is a New York State-chartered savings bank that operates through eight local divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio, and AmTrust Bank in Florida and Arizona. The bank compete for depositors in diverse markets with a comprehensive menu of products and services, and access to multiple service channels, including online banking, mobile banking, and banking by phone. It is also a producer of multi-family loans in New York City.