SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 6, 1998
GreenPoint Financial Corp.
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(Exact name of registrant as specified in its charter)
Delaware 0-22516 06-1379001
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification Number)
incorporation)
90 Park Avenue, New York, New York 10016
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(Address of principal executive offices)
(212) 834-1711
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On July 6, 1998, GreenPoint Financial Corp. (the "Company") announced that
it anticipated net income of $0.54 per diluted share, cash earnings of $0.78 per
share, and mortgage originations of $700 million (resulting in net loan growth
of $101 million) for the second quarter ended June 30, 1998. The Company further
announced that it maintained its trend of strong credit quality measures during
the quarter. The Company announced its intent to release full earnings
information for the quarter on July 10, 1998. The press release is included as
Exhibit 99.1 hereto and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS
(c) Exhibits.
The following exhibit is filed with this report: Exhibit 99.1 -- Press
Release dated July 6, 1998.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GREENPOINT FINANCIAL CORP.
Date: July 6, 1998 By: /s/ Howard C. Bluver
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Name: Howard C. Bluver
Title: Senior Vice President and
General Counsel
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EXHIBIT INDEX
Exhibit No. Description
Exhibit 99.1 Press Release dated July 6, 1998.
N E W S R E L E A S E
90 Park Avenue
New York, NY 10016
[GREENPOINT FINANCIAL CORP. LOGO]
FOR RELEASE:
4:10 p.m., Monday, July 6, 1998
CONTACT:
Investors: Jeffrey Bergman, 212.834.1113
Media: Richard Humphrey, 212.834.1201
GreenPoint Financial Anticipates Record Core Earnings
New York, July 6 - GreenPoint Financial Corp. (NYSE GPT) announced today that it
anticipates net income of $0.54 per diluted share and cash earnings of $0.78 per
share for the second quarter ended June 30, 1998.
Mortgage orginations for the quarter totaled $700 million, resulting in net loan
growth of $101 million. Credit quality measures remain strong, in line with the
improving trend of previous quarters.
GreenPoint's full earnings release will be issued on Friday, July 10.
GreenPoint Financial Corp.
GreenPoint Financial Corp., a specialty home finance company traded on the NYSE
under the ticker symbol GPT, is the leading national lender in no-documentation
residential mortgages. Its principal subsidiaries are GreenPoint Mortgage, a
national mortgage banking company headquartered in Charlotte, NC, and GreenPoint
Bank, a New York State chartered savings bank with $11 billion in deposits in 73
branches serving more than 400,000 households in the Greater New York City area.
This release may contain certain forward-looking statements, which are based on
management's current expectations. Factors that could cause future results to
vary materially from these expectations include, but are not limited to, general
economic conditions; changes in interest rates, deposit flows, real estate
values and competition; changes in accounting principles, policies or
guidelines; changes in legislation or regulation; and other economic,
competitive, governmental, regulatory and technological factors affecting the
Company's operations, pricing, products and services.
