New York Comnity Stock Price, News & Analysis

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.

New York Community Bancorp (NYSE: NYCB) reported a 7% year-over-year increase in net income for Q1 2022, totaling $155 million, while diluted EPS rose to $0.31. Excluding merger expenses, non-GAAP EPS reached $0.32, up 10%. Notable growth in loans and deposits was observed, with total deposits increasing by $2.9 billion to $38 billion, driven by Banking as a Service initiatives. The Board declared a quarterly cash dividend of $0.17 per share, yielding 7%. Asset quality remained solid with non-performing assets at 11 basis points of total assets.

New York Community Bancorp (NYSE: NYCB) and Flagstar Bancorp (NYSE: FBC) have jointly extended their merger agreement to October 31, 2022. The amended agreement will see the combined entity operate under a national bank charter, which is deemed suitable for the merged company's banking operations, taking into account Flagstar's established national mortgage business. Regulatory approvals required for the merger include authorizations from the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC).

New York Community Bancorp (NYSE: NYCB) announced that New York Community Bank has been recognized as the top retail bank in the New York tri-state region for overall customer satisfaction according to the J.D. Power 2022 U.S. Retail Banking Satisfaction Study. The bank received a score 42 points above the regional average, reflecting its commitment to customer service during challenging times. The study involved responses from over 101,000 banking customers, assessing satisfaction across various factors, including trust and digital channels. The bank's assets reached $59.5 billion as of December 31, 2021.

New York Community Bancorp, Inc. (NYSE: NYCB) will release its first-quarter earnings on April 27, 2022, at 7:00 a.m. ET. The details will be available on the Investor Relations section of their website. A conference call featuring CEO Thomas R. Cangemi and CFO John Pinto will follow at 8:30 a.m. ET the same day, discussing the company's performance. The call will be accessible via webcast and archived until May 25, 2022. The company reported $59.5 billion in assets and $45.7 billion in loans as of December 31, 2021.

TransPerfect announced the launch of New York Community Bancorp's (NYCB) new Spanish websites for its banking services. This initiative aims to cater to the increasing needs of Spanish-speaking customers across NYCB's operations in five states. Utilizing TransPerfect's GlobalLink OneLink® solution, the bank enhances customer service while minimizing IT demands. NYCB's strategic focus on community engagement through superior service for Spanish speakers reflects its commitment to growth. As of December 31, 2021, NYCB reported assets of $59.5 billion and loans amounting to $45.7 billion.

On March 11, 2022, New York Community Bancorp (NYSE: NYCB) announced that its My Community SimplyOne Checking account has been certified by the CFE Fund, meeting Bank On National Account Standards for 2021-2022. This account aims to enhance financial inclusion by offering low-cost features without overdraft fees. Key benefits include a $5 monthly fee, low minimum deposit, and access to online and mobile banking. Additionally, NYCB has launched a Spanish version of its websites to serve its Latino customer base, improving accessibility to its financial services.

New York Community Bancorp, Inc. (NYSE: NYCB) appointed Marshall Lux to its Board of Directors and the Audit and Risk Assessment Committees, effective immediately. With nearly 40 years in financial services, Lux's career includes roles at McKinsey & Co. and JP Morgan, where he managed consumer bank risk strategies. He holds a wealth of experience in compliance and governance, which is expected to enhance the bank's strategic commitments to customers and shareholders. NYCB reported assets of $59.5 billion and loans of $45.7 billion as of December 31, 2021.