Cash earnings of $0.29 per share comes against the just-declared $0.25 dividend.
Net interest income of $283.5M slips $658K from Q1 with NIM falling six basis points to 2.66%.
Noninterest income of $52.6M rises $15.4M from Q1, and slips $1.2M Y/Y. Much of the sequential rise comes from a gain booked on the sale of $32.2M in non-performing loans tied to a single borrower. Also, mortgage banking income rose a bit sequentially, but fell from a year ago.
Noninterest expense of $147.7M up $1.5M from Q1, and falling $3.8M from a year ago.
Assets of $48.6B puts NYCB near the $50B level at which heightened regulatory scrutiny kicks in. Expect a discussion of this on the 8:30 earnings call as First Republic fell hard last week and hasn't yet gotten up after management noted the elevated expenses associated with going over $50B.