NYCB posts Q3 loss on higher loan-loss provisions

Reuters
2024-10-25

Oct 25 (Reuters) - New York Community Bancorp reported a loss for the third quarter on Friday as the regional lender set aside more reserves to cover potential loan losses.

It posted a net loss available to common shareholders of $289 million, or 79 cents per share, compared with a profit of $199 million, or 81 cents per share, a year ago.

(Reporting by Niket Nishant and Manya Saini in Bengaluru; Editing by Arun Koyyur)

((Manya.Saini@thomsonreuters.com; X: manya__saini;))

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