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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 455M | 27.5% |
| Gross Profit | -503M | 31.8% |
| Cost of Revenue | 958M | 12.5% |
| Operating expense | 849M | 3.4% |
| Net Income | -280M | 13.3% |
| EBITDA | -251M | 78.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 114B | 3.9% |
| Total Liabilities | 106B | 4.2% |
| Total Equity | 8.57B | 2.1% |
| Shares Outstanding | 415M | 18.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -1.04B | 230.5% |
| Cash from investing | 9.83B | 1347.1% |
| Cash from financing | -4.69B | 178% |
EPS
Financial Highlights for New York Community Bank in Q3 '24
New York Community Bank reported a revenue of 455M, which is a 27.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -503M, marking a 31.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 958M, a -12.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 849M, showing a 3.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -280M, showing a 13.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -251M, showing a 78.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for New York Community Bank with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
