New York Comnity Stock Price, News & Analysis

New York Community Bancorp (NYSE: NYCB) plans to release its earnings report for Q1 2021 on April 28, 2021, at 7:00 a.m. ET. This release will be accessible via their Investor Relations website. Following the earnings announcement, a conference call with Chairman Thomas R. Cangemi and CFO John Pinto will occur at 8:30 a.m. (ET) on the same day. The call will be webcast and available for replay until May 26, 2021. As of December 31, 2020, the company had assets worth $56.3 billion, loans of $42.9 billion, and deposits totaling $32.4 billion.

The Board of Directors of New York Community Bancorp (NYSE: NYCB) has appointed President and CEO Thomas R. Cangemi as Chairman of the Board, effective immediately. This decision follows the retirement of Michael J. Levine from the Chairman position after 17 years of service. Cangemi is expected to uphold the interests of shareholders while steering the company towards its strategic goals. As of December 31, 2020, the company reported assets of $56.3 billion, loans of $42.9 billion, and deposits of $32.4 billion.

The Board of Directors of New York Community Bancorp has declared a quarterly cash dividend of $15.94 per preferred share for its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (NYSE: NYCB.PRA). This translates to $0.3984 per depositary share, each representing a 1/40th ownership in the preferred stock. The dividend is payable on March 17, 2021, to shareholders of record as of March 7, 2021. As of December 31, 2020, the company reported assets of $56.3 billion and loans of $42.9 billion.

New York Community Bancorp (NYSE: NYCB) has scheduled its 2021 Annual Meeting of Shareholders for May 26, 2021, at 10:00 a.m. Eastern Time. The voting record date is set for April 1, 2021, with proxy materials to be mailed around April 16. Shareholders can participate via a live webcast, with further information to be provided in the Proxy Statement and on the company’s investor relations website, ir.myNYCB.com. As of December 31, 2020, NYCB reported assets of $56.3 billion and loans of $42.9 billion.

New York Community Bancorp reported a solid fourth quarter and full-year 2020 performance, with diluted GAAP EPS of $0.39 and full-year EPS of $1.02, reflecting a 32% year-over-year increase. Fourth quarter net income was $181.5 million, a 69% increase from the prior quarter. Pre-provision net revenue hit $189.4 million for the fourth quarter, up 42% year-over-year. The net interest margin rose to 2.47%, benefiting from lower funding costs. A quarterly dividend of $0.17 per share reflects the company's strong capital position and operational resilience amid the pandemic.

On January 6, 2021, New York Community Bancorp (NYSE: NYCB) announced significant changes to its Board of Directors. Michael J. Levine has been appointed Non-Executive Chairman, transitioning from his role as Independent Presiding Director. He has a long history with the company since 2004. Additionally, Hanif 'Wally' Dahya becomes the new Independent Presiding Director. The former Chairman, Dominick Ciampa, will stay on as a director. With assets of $54.9 billion and loans of $42.9 billion as of September 30, 2020, the company continues to strengthen its governance structure.

New York Community Bancorp (NYSE: NYCB) will release its earnings for Q4 2020 on January 27, 2021, at 7:00 a.m. ET. A conference call will follow at 8:30 a.m. ET, featuring President Thomas R. Cangemi and CFO John Pinto. This will provide insights into the company’s financial performance. As of September 30, 2020, NYCB had assets totaling $54.9 billion, loans of $42.9 billion, and deposits of $31.7 billion. Stay tuned for the webcast available on their investor relations website.

New York Community Bancorp (NYSE: NYCB) announced the appointment of Thomas R. Cangemi as President and CEO, effective December 31, 2020, succeeding Joseph R. Ficalora, who retires after 55 years. Cangemi, previously CFO, has been with the company since 2001 and is expected to enhance performance and shareholder value. Under Ficalora's leadership, assets grew from $1 billion to $55 billion. John J. Pinto was appointed CFO, succeeding Cangemi. The leadership transition aims to maintain the bank's conservative practices and support continued growth.

The Board of Directors of New York Community Bancorp declared 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), equating to $0.3984 for each depositary share. This dividend will be payable on December 17, 2020, to shareholders of record as of December 7, 2020. As of September 30, 2020, the company reported $54.9 billion in assets, $42.9 billion in loans, $31.7 billion in deposits, and $6.7 billion in stockholders' equity.