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New York Community Bancorp, Inc. - $NYCB STOCK NEWS

Welcome to our dedicated page for New York Community Bancorp news (Ticker: $NYCB), a resource for investors and traders seeking the latest updates and insights on New York Community Bancorp stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect New York Community Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of New York Community Bancorp's position in the market.

Rhea-AI Summary

New York Community Bancorp (NYCB) announced an agreement to sell approximately $5 billion in mortgage warehouse loans to JPMorgan Chase Bank. The transaction is expected to increase NYCB's CET1 capital ratio by 65 basis points to 10.8% and improve its liquidity profile, with cash and securities projected to rise to 24% of total assets from 20%. Additionally, the loan-to-deposit ratio will decline from 110% to 104%. The sale is expected to close in Q3 2024, subject to due diligence and customary closing conditions. NYCB is the parent company of Flagstar Bank, which operates 419 branches and is a leading player in mortgage origination and servicing.

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End-of-Day
-5.66%
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Rhea-AI Summary

New York Community Bancorp, Inc. declared a quarterly cash dividend on its common stock and preferred stocks. The dividend on common stock is $0.01 per share, payable on June 17, 2024. The preferred stock dividends vary based on the series, ranging from $15.94 to $65.00 per share, with different conditions for payment.

The company has significant assets, loans, and deposits, with a strong market presence in various banking sectors. Flagstar Bank, N.A., a subsidiary, operates nationally and is a key player in multi-family lending, mortgage origination, and servicing. New York Community Bancorp, Inc. holds prominent positions in the mortgage industry and has a substantial market share in mortgage origination and servicing, as well as mortgage warehouse lending.

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-0.88%
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dividends
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New York Community Bancorp, Inc. reported a net loss of $327 million for Q1 2024, with a focus on profitability by Q4 2026. The company raised over $1 billion in equity, strengthened its board and management team, and increased its allowance for credit losses. Despite resilience in deposits, the company faced challenges with non-performing loans and asset quality. With a CET1 ratio of 9.45% and total liquidity of $28.0 billion, the company aims to improve its earnings profile and enhance shareholder value.

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28.3%
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New York Community Bancorp, Inc. (NYSE: NYCB) is set to release its first-quarter 2024 earnings on May 1st, 2024. The company will share its financial results and future outlook during a conference call featuring President and CEO Joseph M. Otting and CFO Craig Gifford. NYCB, parent company of Flagstar Bank, N.A., boasts $113.9 billion in assets, $85.8 billion in loans, $81.4 billion in deposits, and $8.4 billion in total stockholders' equity as of December 31, 2023. The bank holds leading positions in multi-family lending, mortgage origination, servicing, and warehouse lending.

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28.3%
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New York Community Bancorp, Inc. has set June 5th as the date for the 2024 Annual Meeting of Shareholders. The meeting will be virtual, starting at 10:00 a.m. Eastern Time. Shareholders of record as of April 12, 2024, can participate. Details will be in the Proxy Statement and Notice of Annual Meeting.

The Company, with $113.9 billion in assets, operates Flagstar Bank, N.A. with a strong presence in various regions. Flagstar Mortgage is a major player in residential mortgages and servicing. The Company has a significant position in mortgage warehouse lending.

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New York Community Bancorp, Inc. announced new employment inducement awards for three executives, including Craig Gifford, Scott Shepherd, and Bao Nguyen. Each executive was granted a one-time stock option to acquire 3,000,000 shares of the Company's common stock. The awards are subject to vesting over three years and were made outside of the Company's existing incentive plans.

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New York Community Bancorp, Inc. strengthens its executive team with four key appointments to drive strategic initiatives, enhance operational capabilities, and ensure sustainable growth.
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Flagstar Bank, N.A., a subsidiary of New York Community Bancorp, Inc., launches its fifth annual MortgageTech Accelerator program, the only one in the U.S. dedicated to mortgage technology. Fintech startups in various mortgage sectors are encouraged to apply by April 15, 2024, for a chance to receive mentorship, investment opportunities, and access to a wide network of potential customers.
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New York Community Bancorp, Inc. (NYCB) announced the filing of its Form 10-K for 2023, confirming no impact on financial results from identified material weaknesses.
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Former Treasury Secretary Steven Mnuchin, Incoming CEO Joseph Otting, Milton Berlinski, and Allen Puwalski have been appointed to NYCB's Board of Directors. NYCB completed transactions resulting in investments totaling approximately $1.05 billion by strategic investors. The new equity raise enhances the company's balance sheet and liquidity position, demonstrating confidence in the ongoing turnaround.
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New York Community Bancorp, Inc.

NYSE:NYCB

NYCB Rankings

NYCB Stock Data

2.73B
679.92M
1.33%
60.81%
9.47%
Savings Institutions
Finance and Insurance
Link
United States of America
HICKSVILLE

About NYCB

new york community bancorp, inc. (nyse: nycb) is one of the 25 largest bank holding companies in the nation, with assets of over $48 billion and a market cap of over $7 billion. with 270+ branches in metro new york, new jersey, florida, arizona, and ohio, we also rank among the 25 largest depositories in the united states. our mission, to excel in all we do for all we serve, applies across the board to our customers, the communities we are a part of, our employees and shareholders. nycb operates its branches through two banks (new york community bank - member fdic and new york commercial bank - member fdic) with eight local divisions, reflecting our growth through acquisition strategy. each is part of the nycb family of banks. • queens county savings bank • roslyn savings bank • richmond county savings bank • roosevelt savings bank • garden state community bank • amtrust bank • ohio savings bank • atlantic bank in addition to our retail bank operations, we are the leadin