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News for New York Community Bancorp, Inc. (NYSE: NYCB), now referenced in filings as Flagstar Financial, Inc., centers on its role as the parent of Flagstar Bank, N.A., one of the largest regional banks in the country. The Company is headquartered in Hicksville, New York and uses its news releases to communicate strategic, financial, and operational developments to investors and the public.
Readers of this NYCB news page can expect coverage of earnings announcements, including quarterly and annual financial results for the Company and Flagstar Bank, N.A. The Company regularly announces the timing of its earnings releases and related conference calls, where senior executives discuss performance and strategic priorities.
Another major theme in the Company’s news is its transformation strategy. Releases describe actions to integrate three legacy banks, implement workforce changes, and adjust its mortgage-related businesses as part of a broader effort to build a diversified regional bank. News items also highlight strategic initiatives such as the expansion of the Bank’s Specialized Industries Group, which focuses on sector-specific commercial and private banking across multiple verticals.
Corporate structure and capital-related developments are also frequent topics. Recent communications include information about the holding company name change to Flagstar Financial, Inc., the NYSE trading symbol FLG, and an internal reorganization plan under which the holding company would merge into Flagstar Bank, N.A., with the Bank as the surviving entity, subject to regulatory and shareholder approvals.
In addition, the Company issues news about ESG and community engagement, such as the release of its ESG Report, community sponsorships, and philanthropic initiatives. Investors and observers who follow NYCB-related news can use this page to track these ongoing developments and understand how the Company describes its strategy, risk management, and regional banking activities over time.
Flagstar Financial (NYSE: FLG) announced plans to merge its holding company into Flagstar Bank, N.A., with the Bank becoming the surviving entity. The reorganization aims to reduce costs, simplify organizational structure, and streamline operations while maintaining the same NYSE ticker symbol "FLG".
The company, with $97.6 billion in assets, $67.1 billion in loans, and $73.9 billion in deposits as of March 31, 2025, expects to complete the reorganization before year-end, subject to regulatory and shareholder approval. The Bank operates approximately 400 locations across nine states, with strong presence in New York/New Jersey, the Midwest, Florida, and the West Coast.
Flagstar Bank (NYSE: NYCB) announced a major expansion of its Specialized Industries Group, marking a significant milestone in its transformation strategy. The group now comprises 12 distinct industry verticals, including seven newly launched sectors, focusing on specialized debt finance and banking services.
Led by Adam Feit, EVP and Head of Specialized Industries & Capital Markets, the expansion introduces expert leadership across key verticals including Subscription Finance, Technology Media & Communications, Entertainment, Sports, Power & Renewables, Oil & Gas, and Insurance. Each vertical is headed by industry veterans with extensive experience in their respective sectors.
As of March 31, 2025, Flagstar reported $97.6 billion in assets, $67.1 billion in loans, $73.9 billion in deposits, and $8.2 billion in total stockholders' equity. The bank operates approximately 400 locations across nine states.
Flagstar Financial (NYSE: FLG) has scheduled its second quarter 2025 earnings release for July 25, 2025 at 6:00 a.m. ET. The company will host a conference call at 8:00 a.m. ET, featuring CEO Joseph M. Otting and CFO Lee Smith discussing the quarterly performance.
As of March 31, 2025, Flagstar reported significant financial metrics: $97.6 billion in assets, $67.1 billion in loans, $73.9 billion in deposits, and $8.2 billion in total stockholders' equity. The bank operates approximately 400 locations across nine states, with strong presence in the New York/New Jersey metro area, upper Midwest, Florida, and West Coast.
Flagstar Financial (NYSE: FLG) has announced its participation in the BofA Securities Financial Services Conference in Miami, Florida on February 11, 2025. Chairman, President, and CEO Joseph Otting and CFO Lee Smith will present at 11:20 a.m. Eastern Time, discussing the company's 2024 performance.
The presentation will be available via live webcast on the company's website, with a replay and PowerPoint slides accessible until February 25, 2025. As of December 31, 2024, Flagstar Financial reported total assets of $100.2 billion, loans of $69.2 billion, deposits of $75.9 billion, and stockholders' equity of $8.2 billion.
Flagstar Bank operates 418 branches across the Northeast, Midwest, Southeast, and West Coast. The bank also maintains approximately 80 private banking teams across the metropolitan New York City region and West Coast, serving high-net worth individuals and their businesses.
New York Community Bancorp (NYSE: NYCB) has declared its quarterly dividends. The company announced a common stock dividend of $0.01 per share, payable December 17, 2024, to stockholders of record as of December 7, 2024. Additionally, preferred stock dividends were declared: $15.94 per Series A share ($0.3984 per depositary share) and $3.3333 per Series B share. The bank operates over 400 branches with a strong presence in the Northeast and Midwest, managing $114.4 billion in assets, $73.0 billion in loans, and $83.0 billion in deposits as of September 30, 2024.
New York Community Bancorp reported a Q3 2024 net loss of $280 million, with a net loss attributable to common stockholders of $289 million ($0.79 per diluted share). Adjusted for merger-related expenses and items from mortgage warehouse business sale, the net loss was $243 million ($0.69 per diluted share). Key highlights include deposit growth of $4 billion (5%), reduced wholesale borrowings by 31%, and maintained an allowance for credit losses ratio of 1.87%. The bank continued its de-risking strategy with commercial real estate exposure declining 3%. Net interest income decreased to $510 million, down 8% from Q2 2024 and 42% year-over-year.
Flagstar Bank, a subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB), announced a workforce reduction as part of its strategic transformation plan. The reduction affects approximately 700 employees, or 8% of its workforce. Additionally, the previously announced sale of its Mortgage Servicing and Third-Party Origination business to Mr. Cooper, expected to close in Q4 2024, will result in a further reduction of about 1,200 employees.
CEO Joseph Otting stated that these actions, while difficult, are essential for strengthening the company's financial foundation and building a more agile, competitive organization. The reductions aim to optimize operations after integrating three legacy banks through acquisitions. The company remains committed to building a diversified, leading regional bank and positioning itself for long-term success.
New York Community Bancorp, Inc. (NYSE: NYCB) has announced its plan to release Q3 2024 earnings on October 25, 2024 at approximately 7:00 a.m. ET. The company will host a conference call at 8:00 a.m. ET on the same day, where Chairman, President, and CEO Joseph M. Otting and Senior EVP and CFO Craig Gifford will discuss the company's performance. The earnings release and presentation will be available on the company's Investor Relations website.
New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the U.S. As of June 30, 2024, the company had $119.1 billion in assets, $82.4 billion in loans, $79.0 billion in deposits, and $8.4 billion in total stockholders' equity. Flagstar Bank operates over 400 branches, with a strong presence in the Northeast and Midwest, and locations in high-growth markets in the Southeast and West Coast.
New York Community Bancorp, Inc. (NYSE: NYCB) has announced a significant change, renaming itself to Flagstar Financial, Inc. This name change, effective October 25, 2024, at 5:00 pm ET, aligns with the company's strategic focus on becoming a full-service regional franchise with a growth-oriented vision. The company's stock symbol will change from NYCB to FLG, effective at the open of business on October 28, 2024.
Chairman, President, and CEO Joseph Otting stated that this change marks another milestone in the company's ongoing transformation. Over the past six months, the company has diversified its business model, established relationship-driven businesses, and continued to recruit top-tier talent. The new name complements the re-branding of the Bank and its branches implemented earlier this year.
As of June 30, 2024, the company had $119.1 billion of assets, $82.4 billion of loans, deposits of $79.0 billion, and total stockholders' equity of $8.4 billion. Flagstar Bank, N.A. operates over 400 branches across the Northeast, Midwest, Southeast, and West Coast.
Flagstar Bank, a subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB), has successfully collected over 2,000 pounds of non-perishable food for Forgotten Harvest during a food drive held in partnership with the Soaring Eagle Arts, Beats & Eats Festival. Kroger matched the donations pound-for-pound, resulting in a total of over 4,000 pounds of food, equivalent to 4,000 meals, for metro Detroit families facing food insecurity.
Reggie Davis, Senior Executive Vice President and President of Consumer and Small Business Banking, emphasized Flagstar Bank's commitment to giving back to the communities it serves. The bank has been a proud sponsor of Arts, Beats & Eats since 1998, reflecting its broader mission of supporting arts and culture that enrich lives.