What is Hudson City Bancorp Financial Strength?
Hudson City Bancorp has the Financial Strength Rank of 0.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
GuruFocus does not calculate Hudson City Bancorp's interest coverage with the available data.
Hudson City Bancorp's debt to revenue ratio for the quarter that ended in Jun. 2015 was 12.04.
Altman Z-Score does not apply to banks and insurance companies.
Hudson City Bancorp Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Hudson City Bancorp's Interest Expense for the
months ended in Jun. 2015 was $-174.7 Mil. Its Operating Income for the
months ended in Jun. 2015 was $58.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2015 was $6,025.0 Mil.
Hudson City Bancorp's Interest Coverage for the quarter that ended in Jun. 2015 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Hudson City Bancorp's Debt to Revenue Ratio for the quarter that ended in Jun. 2015 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hudson City Bancorp (Hudson City Bancorp) Business Description
Traded in Other Exchanges
N/A
Address
Hudson City Bancorp Inc is a Delaware corporation organized in 1999. It serves as the holding company of its only subsidiary, Hudson City Savings Bank. The asset of Hudson City Bancorp is its investment in Hudson City Savings Bank. The Company is a community and consumer-oriented retail savings bank offering traditional deposit products, residential real estate mortgage loans and consumer loans. The Company conducts its operations out of its corporate offices in Paramus in Bergen County, New Jersey and through 135 branches in the New York metropolitan area. It operates 97 branches located in 17 counties throughout the State of New Jersey. In New York State, it operates 10 branch offices in Westchester County, 12 branch offices in Suffolk County, 1 branch office each in Putnam and Rockland Counties and 5 branch offices in Richmond County "Staten Island". It also operates 9 branch offices in Fairfield County, Connecticut. The Company's traditional consumer products are conforming one- to four-family residential mortgages, time deposits, checking and savings accounts appeal to a broad customer base. In addition, it purchases mortgages and mortgage-backed securities and other securities issued by U.S. government-sponsored enterprises as well as other investments permitted by applicable laws and regulations. The Company faces intense competition both in making loans and attracting deposits in the market areas it serve. It competes with loans comes from commercial banks, savings institutions, mortgage banking firms, credit unions, finance companies, insurance companies and brokerage firms. The Company's loans are subject to federal and state laws and regulations.
Executives
| Denis J Salamone |
director, officer: Chairman and CEO |
C/O HUDSON CITY BANCORP, INC., WEST 80 CENTURY ROAD, PARAMUS NJ 07652 |
| Francesco S Rossi |
officer: First Vice President |
500 HILLS DRIVE, SUITE 300, BEDMINSTER NJ 07921 |
| Golding Cornelius E |
director |
WEST 80 CENTURY ROAD, PARAMUS NJ 07652 |
| Scott A Belair |
director |
1809 WALNUT STREET, PHILADELLPHIA PA 19103 |
| William G Bardel |
director |
C/O HUDSON CITY BANCORP, INC., WEST 80 CENTURY ROAD, PARAMUS NJ 07652 |
| Tracey A Dedrick |
officer: Executive Vice President |
C/O HUDSON CITY BANCORP, INC., PARAMUS NJ 07652 |
| Anthony J Fabiano |
director, officer: President and COO |
99 PARK AVENUE, NEW YORK NY 10016 |
| Mcintyre Kenneth A Jr |
officer: Senior Vice President |
C/O HUDSON CITY BANCORP, INC., WEST 80 CENTURY ROAD, PARAMUS NJ 07652 |
| William John Cosgrove |
director |
20 BUTTONWOOD PLACE, UPPER SADDLE RIVER NJ 07458 |
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