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Hudson City Bancorp, Inc. Message Board

  • btdarb btdarb Apr 23, 2012 12:32 PM Flag

    HCBK's Q1 2012 Earnings Release

    Predictions:

    Operating EPS: $0.14 vs. current consensus estimate $0.15
    Net Interest Margin: 1.95% (if they're lucky)
    Loan Loss Provision: $25 million, unchanged from Q4 2011
    NPL ratio: 3.65%, up slightly from Q4 2011

    And we'll hear the usual string of comments trying to explain why they can't make any money in the current environment, and don't know when conditions will improve....

    The song will remain the same....

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • You were close. NIM came in at 2.15%.
      So what's so bad about earnings? They're making money and paying a nice, fat dividend.

      Chief

      • 1 Reply to chief943
      • Hello, Chief. Yes, I was pretty close on all the numbers. NIM improved more than I thought it would, but I think that's only going to be a temporary improvement. Prior to the first restructuring they were forced into during Q1 last year, their NIM was 1.72%. NIM for Q2, 2011 jumped to 2.14%, but then fell to 1.97% in Q3, and back to 1.73% for Q4. So they do another restructuring, and the NIM for Q1, 2012 jumps up to 2.15%. The Fed earlier today reaffirmed its commitment to a low interest environment AT LEAST through LATE 2014, so let's see how long the improvement in the NIM lasts this time.

        NPL ratio has increased in every quarter for at least the last five, which isn't encouraging, but LLPs have leveled off, which is a positive sign.

        The current dividend isn't bad, though it's not what it used to be. People will stay in to collect the dividends, but I don't expect to see much of an upward movement in the stock price in the foreseeable future; they'll tread water in the $6.50-$7.50 range...

        Good Luck to you!

    • Release date was supposed to be 4/25. What gives here.

 
HCBK
9.83-0.12(-1.21%)Aug 28 4:00 PMEDT

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