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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

The full company name is Flagstar Financial, Inc.

Shares of New York Community Bancorp (NYCB) soared 28% Wednesday after the bank laid out a plan to return to profitability, even as it reported a wider-than-expected loss for the first quarter.

Why NYCB Stock Soared 28% Despite the Bank's Wider-Than-Expected Loss

New York Community Bancorp, Inc. (NYSE:NYCB ) Q1 2024 Earnings Conference Call May 1, 2024 8:00 AM ET Company Participants Sal DiMartino - Director of Investor Relations Joseph Otting - President & Chief Executive Officer Craig Gifford - Chief Financial Officer Conference Call Participants Ebrahim Poonawala - Bank of America Dave Rochester - Compass Point Mark Fitzgibbon - Piper Sandler Chris McGratty - KBW Ben Gerlinger - Citi Christopher Marinac - Janney Montgomery Scott Bernard Von Gizycki - Deutsche Bank Casey Haire - Jefferies Jared Shaw - Barclays Janet Lee - JPMorgan Peter Winter - D.A. Davidson Matthew Breese - Stephens Steve Moss - Raymond James Jon Arfstrom - RBC Capital Markets Operator Hello, and thank you for standing by.

New York Community Bancorp, Inc. (NYCB) Q1 2024 Earnings Call Transcript

Traders shorting New York Community Bancorp's stock were sitting on more than $42 million of losses on Wednesday after the lender's better-than-expected profit forecast for the next two years sent shares surging, data from Ortex show.

NYCB short sellers stare at $42 mln in losses after post-earnings rally, Ortex says

New York Community Bancorp's first-quarter loss was worse than expected, but investors are focused on the long term. Management expects conditions to normalize after a year of transition.

Why New York Community Bancorp Stock Is Surging Higher Today

New York Community Bancorp (NYCB) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to earnings of $0.23 per share a year ago.

New York Community Bancorp (NYCB) Reports Q1 Loss, Lags Revenue Estimates

CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.

NYCB shares jump after new CEO gives two-year plan for "clear path to profitability"

New York Community Bancorp's stock NYCB, -5.02% rose 1.9% in premarket trading on Wednesday after the company reported a narrower-than-expected loss after an eventful first quarter that included a $1 billion capital raise from a firm led by former Treasury Secretary Steven Mnuchin's private-equity firm and a change in management. NYCB said it lost $335 million, or 45 cents a share in the first quarter.

New York Community Bancorp reports narrower-than-expected loss but misses on revenue

New York Community Bancorp reported a loss for the first quarter on Wednesday, as the commercial real estate-focused lender set aside more funds to cover possible defaults.

NYCB posts first-quarter loss on higher provisions

COMPANY TARGETS PEER LEVEL PROFITABILITY BY FOURTH QUARTER 2026 INCLUDING ROAA OF 1%, ROATCE OF 11% - 12%, AND A CET1 CAPITAL RATIO OF 11% - 12% SUCCESSFULLY RAISED OVER $1 BILLION IN EQUITY, BOLSTERING CAPITAL AND LIQUIDITY POSITION STRENGTHENED BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT TEAM INCREASED ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LEASES TO 1.48% COMPARED TO 1.17% LAST QUARTER DEPOSITS REMAIN RESILIENT POST CAPITAL RAISE ALONG WITH AMPLE LIQUIDITY WELL CAPITALIZED WITH CET1 RATIO OF 9.45%, OR 10.14% FULLY CONVERTED HICKSVILLE, N.Y. , May 1, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) ("the Company") today reported its results for the first quarter of 2024 and provided an update on its financial targets through 2026.

NEW YORK COMMUNITY BANCORP, INC. REPORTS FIRST QUARTER 2024 RESULTS AND PROVIDES UPDATE ON ITS STRATEGIC PATH TO PROFITABILITY

HICKSVILLE, N.Y. , April 30, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that it plans to issue results for the three months ended March 31, 2024 at approximately 7:00 a.m.

NEW YORK COMMUNITY BANCORP, INC. TO REPORT FIRST QUARTER 2024 EARNINGS AND HOST CONFERENCE CALL ON MAY 1ST

New York Community Bancorp has pushed back its annual shareholders meeting by two weeks to June 5.

NYCB delays annual shareholders meeting by two weeks

HICKSVILLE, N.Y., April 26, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that Wednesday, June 5th, has been established as the new date of its 2024 Annual Meeting of Shareholders.

NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES JUNE 5TH DATE FOR THE 2024 ANNUAL MEETING OF SHAREHOLDERS

HICKSVILLE, N.Y. , April 26, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that it has approved employment inducement awards to three individuals who have recently become executives of the Company.

NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES NEW EMPLOYMENT INDUCEMENT AWARDS

New York Community Bancorp will have to lure buyers for its commercial real estate (CRE) loans with steep discounts and diversify its revenue as it races to shore up its finances.

NYCB faces tough choices on CRE loans, balance sheet diversification

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for New York Community Bancorp (NYCB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.

Countdown to New York Community Bancorp (NYCB) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS

Eventbrite

EVgo

GoPro

QuantumScape

Penny stocks are among the most popular assets among day traders because of their substantially lower prices compared to big companies like Berkshire Hathaway and Amazon. They are also high-risk investments, as evidenced by the performance of Fisker and Bit Brother.

5 US penny stocks to buy now for short-term gains

New York Community Bancorp's projected first-quarter performance has swung deep into the red after the bank's surprise loss from the previous quarter and steep stock drops in February and March.

NYCB's earnings estimates have tumbled as loss looms after tough quarter

Embattled lender New York Community Bancorp on Friday named Craig Gifford as chief financial officer, among other executive appointments.

NYCB names Craig Gifford as CFO

HICKSVILLE, N.Y. , April 12, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) proudly announces the appointment of four distinguished leaders to its executive management team, effective immediately.

New York Community Bancorp, Inc. Bolsters Executive Team with Four Strategic Appointments

JPMorgan Chase & Co

Valley National

Bank of America

Goldman Sachs

JPMorgan Chase, the nation's largest lender, kicks off earnings for the industry on Friday, followed by Bank of America and Goldman Sachs next week.

What to expect from bank earnings as high interest rates pressure smaller players

Agree Realty

Ares Capital

Brookfield Infrastructure Partners L.P.

Brookfield Infrastructure

VanEck Vectors BDC Income ETF

Enterprise Products Partners

SPDR S&P Regional Banking ETF

Medical Properties Trust

NextEra Energy

Realty Income Corp

Schwab US Dividend Equity ETF

Simon Property Group

SPDR S&P 500 ETF Trust

SPDR Portfolio S&P 500 High Dividend ETF

Vanguard Real Estate ETF

Utilities Select Sector SPDR Fund

High-yield stocks have sold off due to accelerating inflation, underperforming the S&P 500 by a wide margin in recent months. We share three important implications for high-yield stocks due to the recent CPI report. We also share an important warning for high-yield investors and some of our top picks of the moment.

An Important Warning For High Yield Investors

The regional bank's digital unit, called My Banking Direct, pays the best interest rate for savings accounts on the market, 5.55%.

NY Community Bancorp offering highest savings rate in the US after Steve Mnuchin rescue

NYCB raised the rate offered via its online arm My Banking Direct to 5.55%, higher than any other U.S. savings account, weeks after needing a capital infusion.

New York Community Bank's online arm is paying the nation's highest interest rate

NEW YORK, NY / ACCESSWIRE / April 8, 2024 / If you suffered a loss on your New York Community Bancorp, Inc. (NYSE:NYCB) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/new-york-community-bancorp-lawsuit-submission-form?prid=74772&wire=1 or contact Joseph E. Levi, Esq.

Investors in New York Community Bancorp, Inc. Should Contact Levi & Korsinsky Before April 8, 2024 to Discuss Your Rights - NYCB

NEW YORK, NY / ACCESSWIRE / April 8, 2024 / If you suffered a loss on your New York Community Bancorp, Inc. (NYSE:NYCB) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/new-york-community-bancorp-lawsuit-submission-form?prid=74746&wire=1 or contact Joseph E. Levi, Esq.

News for New York Community Bancorp Stock (NYCB)