New York Comnity Stock Price, News & Analysis

New York Community Bancorp, Inc. (NYSE: NYCB) declared a quarterly cash dividend of $15.94 per preferred share on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (NYSE: NYCB.PRA). This translates to $0.3984 for each depositary share, representing a 1/40th ownership interest in a share of the Series A preferred stock. The dividend will be payable on September 17, 2021, to shareholders on record as of September 7, 2021. As of June 30, 2021, the company reported assets of $57.5 billion and loans of $43.6 billion.

New York Community Bancorp (NYSE: NYCB) has partnered with Figure Technologies to explore blockchain initiatives aimed at modernizing banking operations. This collaboration will leverage Provenance Blockchain to support financial inclusion, simplify mortgage processes, and enhance payment systems. NYCB will invest directly in Figure and both companies will also contribute to the JAM FINTOP Blockchain fund. With $57.5 billion in assets, NYCB aims to integrate blockchain for operational efficiencies. This partnership aligns with NYCB’s strategic goal of harnessing technology to improve financial services.

New York Community Bancorp (NYSE: NYCB) and Flagstar Bancorp (NYSE: FBC) announced that both companies received shareholder approval for their merger during special meetings held on August 4, 2021. The merger is expected to finalize in Q4 2021, pending regulatory approvals. Upon completion, the combined entity will possess approximately $85 billion in total assets, operate nearly 400 branches across nine states, and maintain a significant presence in retail lending. Company leaders expressed confidence in the merger's benefits, aiming to establish one of the top regional banks in the U.S.

New York Community Bancorp (NYSE: NYCB) reported a strong performance for Q2 2021, with diluted EPS of $0.30, a 43% year-over-year increase. Net income rose to $144 million, up 48%, while pre-provision net revenue reached $208 million, up 32%. Net interest margin improved to 2.50%, and total loans increased by 4% to $43.6 billion. The company declared a dividend of $0.17 per share. Upcoming merger with Flagstar Bancorp is anticipated to create a combined entity with $87 billion in assets.

On June 30, 2021, New York Community Bancorp, Inc. (NYSE: NYCB) announced its initiative to collect donations for victims of the Champlain Towers building collapse in Surfside, Florida. Contributions can be made at any of its 237 locations across New York, New Jersey, Florida, Ohio, and Arizona, with all funds directed to the Coral Gables Community Foundation's Surfside Hardship Fund. The Company's CEO, Thomas R. Cangemi, expressed deep sympathy for the victims and praised employees' willingness to assist those affected by the tragedy.

New York Community Bancorp (NYSE: NYCB) will release its earnings report for Q2 2021 on July 28, 2021, at 7:00 a.m. ET. Following the release, a conference call will take place at 8:30 a.m. ET, featuring CEO Thomas R. Cangemi and CFO John Pinto discussing performance metrics. The call will be available via webcast and archived until August 25, 2021. As of March 31, 2021, the company reported assets of $57.7 billion, loans of $43.1 billion, deposits of $34.2 billion, and stockholders' equity of $6.8 billion.

On May 24, 2021, New York Community Bancorp (NYSE: NYCB) announced a quarterly cash dividend for its Series A preferred stock at a rate of $15.94 per share, translating to $0.3984 per depositary share. The dividend will be payable on June 17, 2021 to shareholders on record as of June 7, 2021. As of March 31, 2021, the company reported substantial assets of $57.7 billion, loans of $43.1 billion, and deposits of $34.2 billion.

New York Community Bancorp reported a strong first quarter in 2021, with a 49% increase in net income available to common shareholders, totaling $137.4 million. Diluted EPS rose to $0.29, up 45% year-over-year. Pre-provision net revenue increased by 47% to $199.7 million, while the provision for credit losses decreased significantly by 83%. The bank's efficiency ratio improved to 39.87%. Additionally, they announced a merger with Flagstar Bancorp, expected to enhance earnings and diversify their portfolio. A quarterly dividend of $0.17 per share was declared, yielding 5.7%.