New York Community Bancorp

New York Community Bancorp, Inc. is a bank holding company, which engages in the provision of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents. It also offers financial products and services to individuals and businesses. The company was founded on July 20, 1993, and is headquartered in Westbury, NY.

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Earnings data Q4 2024

NYCB reports record earnings, eyes tech-driven growth and rebranding

NYCB's strong performance in 2022, despite challenges, positions the company well for future growth. Strategic initiatives post-acquisition and focus on core deposits highlight a path to sustained success. Leveraging technology and focusing on commercial banking offer avenues for expansion and efficiency.

NYCB reports robust Q1 results, eyes tech growth and deposit stability

NYCB's Q1 2023 performance was strong, driven by the Flagstar acquisition and growth in loan portfolios. While facing increased expenses and potential runoff in legacy deposits, the company is well-positioned with a strong liquidity and capital position. Opportunities lie in technology initiatives, deposit growth, and reducing dependency on wholesale liabilities.

NYCB reports record earnings, eyes growth in private banking

NYCB's Q2 performance was strong, driven by acquisitions and improved margins, with a focus on deposit growth and mortgage industry opportunities.
Challenges include deposit stability concerns and decreasing asset sensitivity, but cost reductions and client returns are anticipated.
Opportunities lie in expanding private banking, EB-5 deposits, and onboarding more teams for client service and book growth.
Overall, NYCB's strategic moves position it well for growth in various banking segments and wealth management assets.

NYCB reports solid Q3 earnings, focuses on relationship banking

NYCB delivered a strong Q3 performance with solid net income, loan growth, and stable deposits.
The company's focus on relationship banking, brand enhancement, and managing interest rate changes positions it well for profitability.
Challenges include interest rate management, asset stabilization, and provisions for reserves, while opportunities exist in mortgage market expansion and credit metric management.
Overall, NYCB's strategic initiatives and financial performance demonstrate resilience and growth potential in a dynamic market.

New York Community Bancorp reports robust earnings growth and strategic focus

New York Community Bancorp's Q4 2023 earnings call highlighted strong financial performance, strategic initiatives to enhance balance sheet strength, and proactive risk management strategies. Despite short-term challenges, the bank's focus on relationship banking, regulatory compliance, and capital efficiency positions it for sustainable growth and value creation.

NYCB strengthens capital position and outlines ambitious 2026 targets

NYCB's Q1 2024 earnings call highlighted a proactive approach to fortifying its financial position, managing risks, and enhancing operational efficiency. The bank's strategic roadmap for achieving key financial targets by 2026 underscores a commitment to sustainable growth and shareholder value.

New York Community Bancorp excels in Q3, eyes growth opportunities

New York Community Bancorp demonstrated strong financial stability and strategic planning in Q3 2024, with a focus on growth and risk management.
The company's performance in expanding commercial banking, managing credit, and reducing noncore businesses highlights a commitment to efficiency and profitability.
Opportunities in refinancing activities, office transactions, and multi-family properties present avenues for growth and revenue generation for NYCB.

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Flagstar Financial, Inc. is a bank holding company, which engages in the provision of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents. It also offers financial products and services to individuals and businesses. The company was founded on July 20, 1993 and is headquartered in Westbury, NY.

FLAGSTAR BANK, N.A. ANNOUNCES GRADUATES OF FOURTH MORTGAGETECH ACCELERATOR

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Bank fundamentals were challenged but results were better than worst-case fears as higher interest rates boosted bank loan yields, Jefferies analyst Ken Usdin said Thursday in the firm's summary of second-quarter profits for the 36 large and mid-sized banks in its coverage universe.

JPMorgan, Goldman and Morgan Stanley win praise in Jefferies Q2 bank earnings wrap

Legendary investor Michael Burry, commonly known as “The Big Short,” hedge fund Scion Asset Management bought 850,000 shares of New York Community Bancorp (NYSE: NYCB) in Q1 of this year.

This Michael Burry stock is up 50% since he filed in Q1, 2023

New York Community Bank shares have appreciated by 32.75% since last year, outperforming the S&P. J.P. Morgan upgraded NYCB shares to overweight, citing the company's transformation and potential market share growth. NYCB reported strong Q2 earnings, with increased net interest income and potential for further operating performance.

New York Community Bancorp Gets Upgraded By J.P. Morgan And Still Trades Under Book Value

High revenues, solid deposit balance and decent loan growth support New York Community's (NYCB) Q2 earnings, while rising provisions and non-interest expenses act as headwinds.

New York Community (NYCB) Q2 Earnings Beat, Stock Rises 5.1%

New York Community Bancorp, Inc. (NYSE:NYCB ) Q2 2023 Earnings Conference Call July 27, 2023 8:30 AM ET Company Participants Sal DiMartino - Director of Investor Relations Thomas Cangemi - President and Chief Executive Officer John Pinto - Senior Executive Vice President and Chief Financial Officer Reginald Davis - Senior Executive Vice President and President of Banking Lee Smith - Senior Executive Vice President and President of Mortgage Eric Howell - President of Commercial and Private Banking Conference Call Participants Broderick Preston - UBS Steve Moss - Raymond James Manan Gosalia - Morgan Stanley Bernard von-Gizycki - Deutsche Bank David Rochester - Compass Point Research Matthew Breese - Stephens Inc. Peter Winter - D.A. Davidson & Co. Christopher McGratty - Keefe, Bruyette & Woods, Inc. Steven Alexopoulos - JPMorgan Chase & Co. Casey Haire - Jefferies LLC Operator Good morning, ladies and gentlemen, and welcome to the NYCB Second Quarter 2023 Earnings Conference Call.

New York Community Bancorp, Inc. (NYCB) Q2 2023 Earnings Call Transcript

New York Community Bancorp (NYCB) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.35 per share a year ago.

New York Community Bancorp (NYCB) Q2 Earnings and Revenues Surpass Estimates

Signature Bank

New York Community Bancorp Inc. NYCB, +2.31% stock was up 5.9% in premarket trades on Thursday after the lender's profit rose by 150% and beat analyst estimates with the addition of its acquisition of Signature Bank, which was the second bank to collapse after Silicon Valley Bank earlier this year. New York Community Bancorp said its net income for the three months ended June 30 increased to $405 million, or 55 cents a share, from $163 million, or 34 cents a share, in the year-ago quarter.

New York Community Bancorp profit up 148% with boost from Signature Bank acquisition, as stock rises

SECOND QUARTER 2023 DILUTED EPS OF $0.55 AND $0.47 DILUTED EPS, AS ADJUSTED, MORE THAN DOUBLE COMPARED TO FIRST QUARTER 2023.

NEW YORK COMMUNITY BANCORP, INC. REPORTS RECORD SECOND QUARTER NET INCOME AVAILABLE TO COMMON STOCKHOLDERS AND SIGNIFICANT DOUBLE-DIGIT EARNINGS PER SHARE GROWTH

New York Community Bancorp (NYCB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

New York Community Bancorp (NYCB) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

First Republic Bank

Flagstar Bank, a subsidiary of New York Community Bancorp , said on Thursday it has hired six private client banking teams from the now-defunct First Republic Bank.

Flagstar Bank hires six First Republic teams to expand private banking

HICKSVILLE, N.Y. , July 20, 2023 /PRNewswire/ -- Flagstar Bank, N.A.

FLAGSTAR BANK, N.A. EXPANDS PRIVATE BANKING BUSINESS WITH THE ADDITION OF SIX TEAMS FORMERLY WITH FIRST REPUBLIC BANK

HICKSVILLE, N.Y. , July 6, 2023 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that it expects to issue its earnings release for the three and six months ended June 30, 2023 at approximately 7:00 a.m.

NEW YORK COMMUNITY BANCORP, INC. TO REPORT SECOND QUARTER 2023 EARNINGS AND HOST CONFERENCE CALL ON JULY 27TH

New York Community Bancorp Inc. NYCB on Thursday drew a price target boost to $14 a share from $13 at Raymond James ahead of its next profit update on July 26. Raymond James analyst Steve Moss reiterated a strong buy rating on New York Community Bancorp and said he expects second-quarter results to include core deposit growth and expansion in net interest margin, “which should differentiate the bank from its peers.

New York Community Bancorp gets price target hike from Raymond James on bullish earnings view

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6.5% Dividend Yield At New York Community Bancorp, A Buy Opportunity Among Regional Banks

New York Community Bancorp is currently paying out a 6.5% annualized forward dividend yield to common shareholders. The bank saw fiscal 2023 first quarter net income grow by 14% sequentially to $159 million. Its Series A preferreds are currently trading at a 13% discount to par value with a yield on cost of 7.4%.

New York Community Bancorp's Floating Preferreds Pay Out A 7.4% Yield

New York Community Bancorp is well-capitalized and holds sufficient liquid assets to cover 91% of its uninsured deposits, making it a financially sound institution. The bank's stock price has the potential to reach $16.56 if it adjusts its P/E ratio to match that of its competitors, but the current market sentiment may cause the stock to adjust to its tangible book value per share of $9.86. NYCB is primed for a promising future as market sentiment improves. Additionally, the bank could see increased interest income with the anticipated rise in interest rates.

New York Community Bancorp: Impressive Liquidity And Resilient Foundation

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The chairman of the Federal Deposit Insurance Corp. said Thursday that U.S. regulators are considering a plan to include banks with assets as low as $100 billion in the international regime for capital requirements known as Basel III.

FDIC studying plan to include smaller U.S. banks in Basel III capital requirements after failures in early 2023

EXTON, Pa. , June 13, 2023 /PRNewswire/ -- Automated Financial Systems, Inc. (AFS®) announced the successful implementation of AFSVision at Flagstar Bank. AFSVision was chosen to partner with Flagstar as they continue to enhance their commercial lending lines of business while building on their relationship banking model that offers first-class services and products to their customers.

Automated Financial Systems, Inc. Announces the Successful Implementation of AFSVision® at Flagstar Bank

New York Community Bancorp (NYCB) has emerged as a strong regional banking opportunity due to its acquisition of assets and liabilities from the failed Signature Bank, diversified portfolio, and solid liquidity and capital ratios. The bank's risk profile is considered safe, with no red flags in liquidity and capital buffer analysis, making it undervalued compared to its peers. Investors should consider the bank's growth potential, strengthened balance sheet, and improved risk profile when evaluating regional banks for investment opportunities.

New York Community Bancorp: Deal-Breaker, Deep Overview Of Risk Profile And Valuation

In the first quarter, Burry loaded up on bank stocks amid upheaval in the banking industry. Banks are known for having good dividends.

Michael Burry Is Set to Rake in More Than $1 Million in Annual Dividend Income From These 4 Stocks

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New York Community (NYCB) is expanding through acquisitions. Solid loan and deposit balances, higher net interest margin and ample liquidity are positives.

New York Community (NYCB) Aided by High Margins Amid Cost Woes

News for New York Community Bancorp Stock (NYCB)