NEW YORK COMMUNITY BANCORP, INC. DECLARES A QUARTERLY CASH DIVIDEND ON ITS PREFERRED STOCK

Rhea-AI Summary

On February 21, 2023, New York Community Bancorp, Inc. (NYSE: NYCB) announced a quarterly cash dividend of $15.94 per share on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (NYSE: NYCB.PRA), translating to $0.3984 per depositary share. The dividend will be payable on March 17, 2023, to shareholders of record as of March 7, 2023. As of December 31, 2022, the company reported assets of $90.1 billion, loans of $69.0 billion, deposits of $58.7 billion, and total equity of $8.8 billion. New York Community Bancorp operates Flagstar Bank with a significant presence across multiple states.

Positive

• Quarterly cash dividend of $15.94 per share announced.
• Total assets of $90.1 billion as of December 31, 2022.
• Strong market positions in multi-family lending and mortgage origination.

Negative

• None.

News Market Reaction

-2.77%

1 alert

-2.77% News Effect

On the day this news was published, NYCB declined 2.77%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HICKSVILLE, N.Y., Feb. 21, 2023 /PRNewswire/ -- The Board of Directors of New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") announced the declaration of a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (NYSE: NYCB PA) at the rate of $15.94 per preferred share, which equates to $0.3984 for each depositary share. Each depositary share represents a 1/40th ownership interest in a share of the Series A preferred stock.

The dividend will be payable on March 17, 2023 to shareholders of record as of March 7, 2023.

About New York Community Bancorp, Inc.

New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country.  The Company is headquartered in Hicksville, New York with regional headquarters in Troy, Michigan.  At December 31, 2022, the Company had $90.1 billion of assets, $69.0 billion of loans, deposits of $58.7 billion, and total stockholders' equity of $8.8 billion.

Flagstar Bank, N.A. operates 395 branches across nine states, including strong footholds in the Northeast and Midwest and exposure to high growth markets in the Southeast and West Coast. Flagstar Mortgage operates nationally through a wholesale network of approximately 3,000 third-party mortgage originators.

New York Community Bancorp, Inc. has market-leading positions in several national businesses, including multi-family lending, mortgage origination and servicing, and warehouse lending.  The Company is the second-largest multi-family portfolio lender in the country and the leading multi-family portfolio lender in the New York City market area, where it specializes in rent-regulated, non-luxury apartment buildings.  Flagstar Mortgage is the 8th largest bank originator of residential mortgages for the 12-months ending December 31, 2022, while we are the industry's 6th largest sub-servicer of mortgage loans nationwide, servicing 1.4 million accounts with $346 billion in unpaid principal balances. Additionally, the Company is the 2nd largest mortgage warehouse lender nationally based on total commitments.

Investor/Media Contact: Salvatore J. DiMartino
(516) 683-4286

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SOURCE New York Community Bancorp, Inc.

FAQ

What is the dividend amount declared by New York Community Bancorp?

New York Community Bancorp declared a quarterly cash dividend of $15.94 per share on its preferred stock.

When will the dividend be payable?

The dividend will be payable on March 17, 2023.

What is the record date for the dividend?

The record date for the dividend is March 7, 2023.

What are the financial metrics for New York Community Bancorp as of December 31, 2022?

As of December 31, 2022, the company reported $90.1 billion in assets, $69.0 billion in loans, $58.7 billion in deposits, and $8.8 billion in total equity.

What sectors does New York Community Bancorp operate in?

New York Community Bancorp operates in multi-family lending, mortgage origination, and warehouse lending.