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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.

New York Community Bancorp, Inc. (NYSE: NYCB) stands as one of the 25 largest bank holding companies in the United States, boasting assets exceeding $48 billion and a market cap surpassing $7 billion. Headquartered in Hicksville, New York, NYCB operates through a network of over 270 branches spread across metro New York, New Jersey, Florida, Arizona, and Ohio, and ranks among the top 25 depositories in the nation.

NYCB's mission is to excel in all aspects for the benefit of customers, communities, employees, and shareholders alike. The company manages its branches under two primary banks: New York Community Bank and New York Commercial Bank, both members of the FDIC. These banks operate through eight local divisions reflecting the company's growth through strategic acquisitions:

  • 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

NYCB competes robustly in diverse markets, offering a comprehensive array of products and services that include online banking, mobile banking, and phone banking. Additionally, the company is a leading producer of multi-family loans in New York City, specializing in rent-regulated, non-luxury apartment buildings.

Recently, NYCB acquired Flagstar Bank, N.A., bolstering its presence with 435 branches and extensive operations across the Northeast, Midwest, Southeast, and West Coast. Flagstar Mortgage, a subsidiary of Flagstar Bank, operates nationally through a wholesale network of roughly 3,000 third-party mortgage originators. The acquisition has positioned NYCB as the second-largest multi-family portfolio lender in the U.S. and has strengthened its foothold in mortgage origination, servicing, and warehouse lending. As of March 31, 2023, NYCB reported assets of $123.8 billion, loans totaling $83.3 billion, deposits of $84.8 billion, and total stockholders' equity of $10.8 billion.

Latest News: NYCB has successfully implemented AFSVision, an advanced lending platform by Automated Financial Systems, Inc. (AFS®), at Flagstar Bank. This strategic move enhances Flagstar's commercial lending capabilities and supports its relationship banking model. AFSVision allows seamless integration with financial institutions' ecosystems and offers digital-enabling capabilities for end-to-end commercial loan processing.

NYCB continues to excel in various national businesses, including multi-family lending, mortgage origination and servicing, and warehouse lending. With a focus on technology and efficiency, the company remains committed to providing exceptional service to its customers and maintaining its strong market positions.

Rhea-AI Summary
New York Community Bancorp, Inc. (NYSE: NYCB) and Flagstar Bank, N.A. complete operational system conversion, unveiling new Flagstar brand. Clients benefit from enhanced online and mobile banking tools, a new Flagstar mobile app, and a national rebranding effort across 400+ branches and 500+ ATMs.
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New York Community Bancorp, Inc. (NYSE: NYCB) has set the date for its 2024 Annual Meeting of Shareholders on May 17th, to be held in a virtual format. The meeting will commence at 10:00 a.m. Eastern Time. The date of record for voting is March 18, 2024, and proxy materials will be sent to shareholders of record.
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New York Community Bancorp, Inc. (NYSE: NYCB) appointed Alessandro DiNello as Executive Chairman, effective immediately, to work alongside President and CEO, Thomas R. Cangemi, to improve all aspects of the Bank's operations. Mr. DiNello previously served as the non-executive chairman of the board and President and CEO of Flagstar Bank.
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New York Community Bancorp, Inc. (NYSE: NYCB) reported updated financial information, with total deposits of $83.0 billion, 72% of which are insured, and total liquidity of $37.3 billion, exceeding uninsured deposits. The company took actions to fortify its balance sheet and strengthen risk management processes, despite a Moody's ratings downgrade. They also mentioned an orderly process of bringing in a new chief risk officer and chief audit executive. Forward-looking statements include goals, expectations, and risks, with cautionary statements regarding potential uncertainties.
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New York Community Bancorp, Inc. (NYSE: NYCB) declared 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. The dividend will be payable on March 17, 2024 to shareholders of record as of March 7, 2024.
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New York Community Bancorp, Inc. reported a net income of $2.4 billion and diluted EPS of $3.24 for the full year 2023, with a net loss of $252 million and diluted EPS of $(0.36) in the fourth quarter. The company declared a $0.05 dividend per common share to accelerate capital build. Total assets increased to $116.3 billion at December 31, 2023, and total loans held for investment increased to $84.6 billion. Non-performing assets were $442 million, and the allowance for credit losses totaled $992 million at December 31, 2023. The company's regulatory capital ratios exceed the
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New York Community Bancorp, Inc. (NYSE: NYCB) expects to issue its earnings release for the three and twelve months ended December 31, 2023 at approximately 7:00 a.m. Eastern Time (ET) on Wednesday, January 31, 2024. President and Chief Executive Officer Thomas R. Cangemi, along with several members of the Company's Executive Leadership Team, will discuss the Company's fourth quarter 2023 performance in a conference call at 8:30 a.m. (ET) on the same date.
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New York Community Bancorp, Inc. (NYSE: NYCB) Declares Quarterly Cash Dividend on Preferred Stock
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NYCB: Flagstar Bank, N.A. Appoints Jason Birnbaum as Executive Vice President and President of the Private Bank, Eric Howell to Transition to Non-Executive Advisory Role
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New York Community Bancorp, Inc. reports third quarter 2023 diluted EPS of $0.27 and $0.36 diluted EPS, as adjusted. Net interest margin expands to 3.27%. Total assets decline to $111.2 billion. Total loans held for investment increase to $84.0 billion. Total deposits decrease to $82.7 billion.
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FAQ

What is New York Community Bancorp, Inc.?

New York Community Bancorp, Inc. (NYSE: NYCB) is one of the largest bank holding companies in the U.S., with assets over $48 billion and a market cap exceeding $7 billion.

How many branches does NYCB operate?

NYCB operates over 270 branches across metro New York, New Jersey, Florida, Arizona, and Ohio.

What banks operate under NYCB?

NYCB operates through New York Community Bank and New York Commercial Bank, which include divisions like Queens County Savings Bank, Roslyn Savings Bank, and others.

What recent acquisition has NYCB made?

NYCB recently acquired Flagstar Bank, N.A., expanding its branch network and enhancing its mortgage and lending services.

What are NYCB's core business areas?

NYCB's core business areas include multi-family lending, mortgage origination and servicing, and warehouse lending.

What is the latest technological advancement at NYCB?

NYCB recently implemented AFSVision at Flagstar Bank, enhancing their commercial lending capabilities and customer service.

Where is NYCB headquartered?

NYCB is headquartered in Hicksville, New York, with regional headquarters in Troy, Michigan.

How does NYCB serve its customers?

NYCB serves customers through branch banking, online banking, mobile banking, and phone banking.

What is NYCB's mission?

NYCB's mission is to excel in all aspects for the benefit of their customers, communities, employees, and shareholders.

What financial highlights did NYCB report as of March 31, 2023?

As of March 31, 2023, NYCB reported $123.8 billion in assets, $83.3 billion in loans, $84.8 billion in deposits, and $10.8 billion in stockholders' equity.

New York Community Bancorp, Inc.

NYSE:NYCB

NYCB Rankings

NYCB Stock Data

11.60B
1.05B
0.53%
55.52%
9.52%
Savings Institutions
Finance and Insurance
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United States of America
HICKSVILLE