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

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Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q1 2023

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Earnings data Q3 2023

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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.

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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.

A rise in provisions hurts NYCB's Q3 results. A fall in fee income and lower loan balance are other headwinds.

New York Community Q3 Loss Wider Than Expected, Provisions Jump Y/Y

Technically, the company posted its final-earnings report under its current name.

Why New York Community Bancorp Stock Dove by 8% Today

HICKSVILLE, N.Y. , Oct. 25, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that its Board of Directors declared a quarterly cash dividend of $0.01 per share on the Company's common stock.

NEW YORK COMMUNITY BANCORP, INC. DECLARES QUARTERLY CASH DIVIDENDS ON ITS COMMON STOCK AND PREFERRED STOCKS

New York Community Bancorp (soon Flagstar Financial) is in a transitional phase, marked by asset diversification, deposit growth, and cost reduction efforts. NYCB Q3 results showed a loss of $0.69 per share, poor margins, and mixed asset quality, raising new concerns. NYCB stock trades at a significant discount to tangible book value, but tangible book value has declined sharply this year.

New York Community Bancorp: A New Chapter Begins

New York Community Bancorp, Inc. (NYSE:NYCB ) Q3 2024 Earnings Call Transcript October 25, 2024 8:00 AM ET Company Participants Sal DiMartino - Director of IR Joseph Otting - Chairman, President and CEO Craig Gifford - CFO Kris Gagnon - CCO Conference Call Participants Manan Gosalia - Morgan Stanley Ebrahim Poonawala - Bank of America Dave Rochester - Compass Point Mark Fitzgibbon - Piper Sandler Bernard Von Gizycki - Deutsche Bank Jared Shaw - Barclays Ben Gerlinger - Citi Christopher Marinac - Janney Montgomery Scott Chris McGratty - KBW Matthew Breese - Stephens Jon Arfstrom - RBC Capital Markets Steve Moss - Raymond James Operator Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today.

New York Community Bancorp, Inc. (NYCB) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for New York Community Bancorp (NYCB) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

New York Community Bancorp (NYCB) Reports Q3 Earnings: What Key Metrics Have to Say

The bank formerly known as NYCB reported another wider-than-expected quarterly loss and provided a downbeat outlook.

Flagstar, formerly NYCB, reports a wider-than-expected loss as charge-offs jump

New York Community Bancorp (NYCB) came out with a quarterly loss of $0.69 per share versus the Zacks Consensus Estimate of a loss of $0.40. This compares to earnings of $1.08 per share a year ago.

New York Community Bancorp (NYCB) Reports Q3 Loss, Tops Revenue Estimates

New York Community Bancorp reported a loss for the third quarter on Friday as the regional lender set aside more reserves to cover potential loan losses.

NYCB reports third-quarter loss on bigger rainy-day funds

STRONG MOMENTUM CONTINUES WITH OUR TURNAROUND STRATEGY AS DEPOSITS GREW ANOTHER $4 BILLION OR 5% AND MORE KEY HIRES JOIN WHOLESALE BORROWINGS DECREASED OVER 30% AND A LOAN TO DEPOSIT RATIO OF 86% MAINTAINED A SOLID ALLOWANCE FOR CREDIT LOSSES RATIO OF 1.87% COMPARED TO 1.78% LAST QUARTER CONTINUE TO DE-RISK LOAN PORTFOLIO AS COMMERCIAL REAL ESTATE EXPOSURE DECLINED ANOTHER 3% STRONG CAPITAL LEVELS AND LIQUIDITY POSITION HICKSVILLE, N.Y. , Oct. 25, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) ("the Company"), the holding company for Flagstar Bank, N.A.

NEW YORK COMMUNITY BANCORP, INC. REPORTS THIRD QUARTER 2024 GAAP NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $0.79 PER DILUTED SHARE AND NON-GAAP NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $0.69 PER DILUTED SHARE

Evaluate the expected performance of New York Community Bancorp (NYCB) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

What Analyst Projections for Key Metrics Reveal About New York Community Bancorp (NYCB) Q3 Earnings

U.S. regional lender Flagstar Bank, a unit of New York Community Bancorp , said on Thursday it will lay off around 700 employees, or 8% of its workforce, amid efforts to turn around its struggling business.

NYCB's Flagstar unit to cut around 700 jobs

HICKSVILLE, N.Y. , Oct. 17, 2024 /PRNewswire/ -- Flagstar Bank, N.A.

FLAGSTAR BANK IMPLEMENTS WORKFORCE CHANGES AS PART OF ITS CONTINUED TRANSFORMATION AND COST REDUCTION STRATEGY

New York Community Bancorp (NYCB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate New York Community Bancorp (NYCB) to Report a Decline in Earnings: What to Look Out for

HICKSVILLE, N.Y. , Oct. 17, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that it plans to issue results for the three and nine months ended September 30, 2024 at approximately 7:00 a.m.

NEW YORK COMMUNITY BANCORP, INC. TO REPORT THIRD QUARTER 2024 EARNINGS AND HOST CONFERENCE CALL ON OCTOBER 25TH

Flagstar Financial Inc

New York Community Bancorp said on Tuesday it has changed its name to Flagstar Financial and its stock symbol to "FLG."

New York Bancorp changes name to its subsidiary Flagstar Financial

HICKSVILLE, N.Y., Oct. 15, 2024 /PRNewswire/ -- New York Community Bancorp, Inc., (NYSE: NYCB) (the "Company"), the holding company of Flagstar Bank, N.A., today announced that its Board of Directors approved and adopted an amendment to the Company's Amended and Restated Certificate of Incorporation, changing the Company's name to Flagstar Financial, Inc. (the "Name Change").

NEW YORK COMMUNITY BANCORP, INC. CHANGES NAME TO FLAGSTAR FINANCIAL, INC. AND STOCK SYMBOL TO FLG

The bank has made some big moves since its sharp sell-off earlier this year. With the Federal Reserve cutting interest rates, is now the time to buy?

Should You Buy New York Community Bancorp While It's Below $13?

Q2 results for New York Community Bancorp Inc. were awful. Management is selling you hopes and dreams of a strong recovery in 2-3 years. We tell you why the senior security is better than the common shares even if you are an optimist.

The Making Of A Value Trap In New York Community Bancorp

Kroger announced it will match Flagstar donations pound-for-pound resulting in 4,000 meals for metro Detroit families in need. HICKSVILLE, N.Y.

FLAGSTAR BANK COLLECTS OVER 2,000 LBS OF NON-PERISHABLE FOOD FOR FORGOTTEN HARVEST

HICKSVILLE, N.Y. , Oct. 3, 2024 /PRNewswire/ -- Flagstar Bank, N.A.

FLAGSTAR BANK RECOGNIZED WITH ABA DIVERSITY, EQUITY AND INCLUSION AWARD

New York Community Bancorp grew faster than it was capable of handling. The bank cut its dividend and was forced to take a $1 billion handout.

New York Community Bancorp Stock: Buy, Sell, or Hold?

NYCB's price still sits at a deep discount to its balance sheet, and due diligence by new management of its loans has raised confidence. The turnaround story focuses on reducing noninterest expenses and growing C&I assets, aiming for $30-35 billion in the next 3-5 years. Rate cuts should modestly increase the equity on the balance sheet, and will improve conditions for distressed borrowers broadly.

Value Gap Is Closing For New York Community Bank

Latest ESG Report Demonstrates Company's Responsible Business Practices and Showcases Early Achievement of 2030 Carbon Emissions Targets HICKSVILLE, N.Y. , Sept. 25, 2024 /PRNewswire/ -- Flagstar Bank, N.A.

FLAGSTAR BANK RELEASES 2023 ENVIRONMENTAL, SOCIAL, AND GOVERNANCE REPORT

Few market players are bullish on the lender these days; one, at least, rates it a neutral. That represents an upgrade from his former evaluation, which was the equivalent of sell.

News for New York Community Bancorp Stock (NYCB)