BRIEF-NYCB CFO Says Net Interest Margin Has Bottomed In Q3 - Analyst Call

Reuters

2024-10-25

Oct 25 (Reuters) - New York Community Bancorp :

* NYCB CEO JOSEPH OTTING SAYS MULTI-FAMILY PROPERTY LOANS ARE REPRICING FAVORABLY- ANALYST CALL

* NYCB CFO CRAIG GIFFORD SAYS NET INTEREST MARGIN HAS BOTTOMED IN Q3

* NYCB CFO SAYS RETAIL DEPOSITS IN Q4 MAY BE FLAT

* NYCB EXEC SAYS EXPLORING ALL OPPOTURNITIES TO REDUCE NON-ACCRUAL LOANS, INCLUDING SALE

* NYCB CFO SAYS BANK MAY SEE HIGHER LEVEL OF NET CHARGE-OFFS IN Q1, WHICH COULD THEN TAPER OFF THROUGHOUT 2025

* NYCB EXEC EXPECTS BALANCE SHEET TO BE FLAT IN 2025, 2026

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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