New York Comnity Stock Price, News & Analysis

New York Community Bancorp (NYSE: NYCB) and Flagstar Bancorp (NYSE: FBC) have mutually agreed to extend their merger agreement to December 31, 2022. The extension follows the receipt of approval from the Office of the Comptroller of the Currency (OCC) for Flagstar to convert to a national bank. The merger will create a large regional bank with 395 branches across nine states and a robust mortgage division. The OCC's approval is subject to a waiting period, while Federal Reserve approval is still pending.

New York Community Bancorp (NYSE: NYCB) reported a solid third quarter with a net income of $152 million, a 2% increase year-over-year. The diluted EPS remained unchanged at $0.30. Total loans grew by $3.2 billion or 9% annualized to $49 billion, primarily in multi-family and specialty finance sectors. Total deposits surged by $6.6 billion or 25% annualized to $41.7 billion. The board also declared a quarterly dividend of $0.17 per share, reflecting a 7.6% annualized yield. Despite net interest margin compression to 2.22%, asset quality remains strong with non-performing loans at just 0.09% of total loans.

New York Community Bancorp, Inc. (NYSE: NYCB) has announced that it will release its earnings for the third quarter of 2022 on October 26, 2022, at 7:00 a.m. ET. A conference call featuring top executives will follow at 8:30 a.m. ET to discuss the company's performance. The call will be accessible via webcast and will remain archived until November 23, 2022. As of June 30, 2022, the company reported assets of $63.1 billion, loans of $48.5 billion, deposits of $41.2 billion, and stockholders' equity of $6.8 billion.

The Board of Directors of New York Community Bancorp has declared a quarterly cash dividend of $15.94 per share on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (NYCB.PRA), equating to $0.3984 for each depositary share. This dividend will be payable on September 17, 2022, to shareholders of record as of September 7, 2022. As of June 30, 2022, the company reported assets of $63.1 billion, loans of $48.5 billion, and deposits totaling $41.2 billion.

New York Community Bancorp (NYSE: NYCB) reported a strong second quarter in 2022, with diluted EPS increasing 13% to $0.34 and non-GAAP diluted EPS rising 6% to $0.35. Net income available to common stockholders reached $163 million, up 13% year-over-year, driven by accelerated loan growth and significant deposit increases of $3.3 billion, up 35% annualized. The board declared a quarterly dividend of $0.17 per share, yielding 7.2%. The company’s net interest margin improved to 2.52%, reflecting efficient management amidst rising interest rates, while asset quality remained robust with non-performing loans at just 0.10% of total loans.

New York Community Bancorp, Inc. (NYSE: NYCB) will issue its earnings release for Q2 2022 on July 27, 2022, at 7:00 a.m. ET. A conference call led by CEO Thomas R. Cangemi and CFO John Pinto will follow at 8:30 a.m. ET to discuss the financial results. The call will be webcast and archived until August 24, 2022. As of March 31, 2022, the company reported $61.0 billion in assets, $46.8 billion in loans, and $38.0 billion in deposits. Investors can access the earnings release on the company’s Investor Relations website.

Circle Internet Financial has partnered with New York Community Bancorp (NYSE: NYCB) to establish a custody relationship for USD Coin (USDC) reserves. This collaboration marks Circle's first with a community bank, focusing on enhancing digital financial literacy and access to affordable financial solutions for underserved populations. The initiative aligns with Circle's broader goal to support Minority Depository Institutions (MDIs) and promote financial inclusion. NYCB aims to leverage this partnership to foster digital asset innovation while enhancing community outreach.

New York Community Bancorp (NYSE: NYCB) announced the removal of non-sufficient funds and related fees on consumer and business checking accounts, effective August 1, 2022. To enhance customer cash flow, the bank will introduce an Early Pay product in Q3, allowing access to direct deposit paychecks up to two days earlier. The company also launched the My Community SimplyOne Checking Account, offering no NSF or overdraft fees. As of March 31, 2022, NYCB reported $61 billion in assets and $6.9 billion in stockholders' equity.

The Board of Directors of New York Community Bancorp (NYSE: NYCB) declared a quarterly cash dividend of $15.94 per preferred share, translating to $0.3984 for each depositary share. This dividend is payable on June 17, 2022, to shareholders on record as of June 7, 2022. As of March 31, 2022, the company reported assets totaling $61.0 billion, loans of $46.8 billion, deposits of $38.0 billion, and stockholders' equity of $6.9 billion.