NYCB Intrinsic Value Calculation – NYCB Beats Earnings Estimates with $0.23 Non-GAAP EPS and $2.65B Revenue
April 29, 2023
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NEW ($NYSE:NYCB): The company reported a Non-GAAP EPS of $0.23, exceeding the expectations of $0.21. Revenue was also reported at $2.65B. NYCB is a financial services company whose main focus is on consumer banking, including mortgage banking and asset management services. The company has continued to grow and expand its offerings over the years, with a strong focus on providing an array of services to meet the specific needs of their customers. The company’s strong results have been driven by increased loan demand and improved market conditions.
This, coupled with the company’s focus on cost control, has resulted in improved profitability in the quarter. This is reflective of the company’s commitment to delivering quality products and services to its customers as well as its ability to remain competitive in the current environment. Overall, NYCB had a positive quarter and exceeded analysts’ expectations with Non-GAAP EPS of $0.23 and revenue of $2.65B. This is a testament to the company’s focus on providing quality products and services to its customers and its commitment to remaining competitive in this challenging market.
Stock Price
NEW YORK COMMUNITY BANCORP (NYCB) reported their earnings on Friday and the results beat analyst estimates of $0.21 Non-GAAP EPS with an actual result of $0.23. The stock opened the day at $9.1 and closed at $10.7, surging by 16.3% from its previous closing price of 9.2. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NYCB. More…
| Total Revenues | Net Income | Net Margin |
| – | 609 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NYCB. More…
| Operations | Investing | Financing |
| 1.03k | -6.32k | 5.17k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NYCB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 90.14k | 81.32k | – |
Key Ratios Snapshot
Some of the financial key ratios for NYCB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.0% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – NYCB Intrinsic Value Calculation
At GoodWhale, we have conducted an analysis of the fundamentals of NEW YORK COMMUNITY BANCORP, and have come to the conclusion that the fair value of their stock is around $8.0. This was determined by our proprietary Valuation Line, which uses today’s market conditions and data to assess the intrinsic value of a company. Currently, NEW YORK COMMUNITY BANCORP stock is being traded at $10.7, which is 33.5% more expensive than our calculated fair value. This discrepancy shows that the stock is currently overvalued, and this could be an opportunity for investors to buy shares at a lower price. More…
Peers
New York Community Bancorp Inc, a bank holding company, operates as the bank for consumers and businesses. The company offers checking and savings accounts, mortgages, and other personal and business banking products and services. Elmer Bancorp Inc, Fellow Bank PLC, and Delhi Bank Corp are its competitors.
– Elmer Bancorp Inc ($OTCPK:ELMA)
Elmer Bancorp Inc is a bank holding company that operates through its subsidiary, Elmer Bank & Trust Company. It offers a range of banking services to individual and corporate customers in the United States. The company has a market cap of $15.05 million as of 2022.
– Fellow Bank PLC ($LTS:0RD4)
Fellow Bank PLC is a publicly traded company with a market capitalization of £35.51 million as of 2022. The company is a provider of banking and financial services to individuals and businesses in the United Kingdom. Fellow Bank offers a range of products and services including savings accounts, personal loans, and credit cards. The company is headquartered in London, England.
Summary
The stock price responded favorably, moving up on the same day. Analysts remain bullish on NYCB’s prospects, citing their strong focus on improving efficiency and customer service as key drivers of future growth. Furthermore, their solid balance sheet and strong capital ratios should provide a further boost to the company’s bottom line. With these factors in consideration, NYCB could be a good long-term pick for investors looking for a stable and reliable dividend-paying stock.
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