New York Community Bancorp, Inc. operates as the bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company accepts various deposit products, such as interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit. Its loan products include multi-family loans; commercial real estate loans; specialty finance loans and leases; and commercial and industrial loans; acquisition, development, and construction loans; one-to-four family loans; and consumer loans. The company also offers annuities, life and long-term care insurance products, and mutual funds; cash management products; and online, mobile, and phone banking services. It primarily serves individuals, small and mid-size businesses, and professional associations through a network of 237 community bank branches and 340 ATM locations. The company was formerly known as Queens County Bancorp, Inc. and changed its name to New York Community Bancorp, Inc. in November 2000. New York Community Bancorp, Inc. was founded in 1859 and is headquartered in Westbury, New York.
IPO Year:
Exchange: NYSE
Website: mynycb.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/1/2024 | $3.00 → $3.50 | Underperform → Neutral | Wedbush |
5/1/2024 | $4.00 | Neutral → Overweight | Piper Sandler |
3/18/2024 | $3.00 | Mkt Perform → Underperform | Raymond James |
3/8/2024 | $4.00 | Equal Weight | Barclays |
3/1/2024 | $8.00 → $5.00 | Overweight → Neutral | Piper Sandler |
2/8/2024 | $8.50 → $5.00 | Buy → Neutral | DA Davidson |
2/7/2024 | $11.50 → $5.50 | Overweight → Neutral | JP Morgan |
2/7/2024 | $8.50 → $5.00 | Buy → Neutral | BofA Securities |
2/2/2024 | $15.00 → $7.00 | Buy → Hold | Deutsche Bank |
2/1/2024 | $8.00 | Buy → Neutral | Compass Point |
HICKSVILLE, N.Y., Aug. 5, 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. The dividend is payable on September 17, 2024 to common stockholders of record as of September 7, 2024. In addition, the Board of Directors declared quarterly cash dividends on two series of its preferred stock. A quarterly cash dividend on its Fixed-to-Floating Rate Noncumulative Perpetual Preferred Stock, Series A (NYSE:NYCB) at the rate of
HICKSVILLE, N.Y., Aug. 2, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") today announced that it has approved employment inducement awards for two individuals who have recently become executives of the Company. In connection with the appointments of (i) Richard Raffetto, as Senior Executive Vice President and President of Commercial and Private Banking, and (ii) Kris Gagnon, as Senior Executive Vice President and Chief Credit Officer, the Compensation Committee of the Board of Directors of the Company approved employment inducement awards for
SIMPLIFYING AND STRENGTHENING BALANCE SHEET THROUGH SALE OF NON-CORE BUSINESSES CONTINUED IMPROVEMENT IN CAPITAL LEVELS AND LIQUIDITY PROFILE ALLOWANCE FOR CREDIT LOSSES IMPROVED TO 1.78% COMPARED TO 1.56% LAST QUARTER AS COMPANY PROACTIVELY ADDRESSING CREDIT RISK IN LOAN PORTFOLIO DEPOSITS INCREASED 5.6% SEQUENTIALLY INCLUDING GROWTH IN KEY FOCUS AREAS HICKSVILLE, N.Y., July 25, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) ("the Company") today reported its results for the second quarter of 2024. The Company reported a net loss of $323 million for second quarter 2024 and a net loss available to common stockholders of $333 million or $1.14 per diluted share. As adjuste
TRANSACTION ADDS 60 BASIS POINTS TO CET1 RATIO AND ACCELERATES TRANSITION TO A LEADING DIVERSIFIED, FULL-SERVICE REGIONAL BANK HICKSVILLE, N.Y., July 25, 2024 /PRNewswire/ -- Flagstar Bank, N.A. (the "Bank"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") announced today that, it entered into a definitive agreement to sell its residential mortgage servicing business, including mortgage servicing rights and the third-party origination platform to Mr. Cooper (NASDAQ:COOP), a leading non-bank mortgage originator and servicer for approximately $1.4 billion. The transaction is expected to close during the fourth quarter of 2024.
HICKSVILLE, N.Y., July 23, 2024 /PRNewswire/ -- Flagstar Bank, N.A., the bank subsidiary (the "Bank") of New York Community Bancorp, Inc., (NYSE:NYCB) (the "Company"), announced today the appointment of nine seasoned leaders to its leadership team, effective immediately. These additions further enhance the Company's oversight of core businesses and client-focused operations, bringing a blend of financial, commercial, private banking, IT, credit, and regulatory pedigree to the organization. Joseph Otting, Chairman, President, and CEO, commented on the new appointments, "Driving
TRANSACTION INCREASES CET1 CAPITAL RATIO, BOLSTERS LIQUIDITY AND LOWERS LOAN-TO-DEPOSIT RATIO HICKSVILLE, N.Y., July 22, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company"), the parent company of Flagstar Bank, N.A. (the "Bank") announced today that it has consummated the sale of approximately $5.9 billion in mortgage warehouse loans to JPMorgan Chase Bank, N.A. ("JPMC"), at par. The Company expects to close on an additional $200 million of mortgage warehouse loans in the near future, once necessary customer approvals are received. Upon closing, the Company expects that the transaction will add approximately 70 basis points to its CET1 ratio.
HICKSVILLE, N.Y., July 17, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") today announced that it plans to issue results for the three and six months ended June 30, 2024 at approximately 7:00 a.m. Eastern Time (ET) on Thursday, July 25, 2024. The earnings release and presentation will be posted to the Investor Relations portion of the Company's website, ir.myNYCB.com shortly after issuance. The Company will conduct a conference call at 8:00 a.m. (ET) on the same date, during which Chairman, President, and Chief Executive Officer, Joseph M. O
COMMON STOCK TO TRADE ON A REVERSE SPLIT-ADJUSTED BASIS AS OF JULY 12TH HICKSVILLE, N.Y., July 12, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") announced today that, as previously disclosed and approved by its shareholders at the Company's annual meeting held on June 5th and as determined by the Company's Board of Directors on June 26th, the one-for-three reverse stock split became effective at 5:01 p.m. ET on July 11, 2024 ("the Effective Time"). The Company's common stock will begin trading on the New York Stock Exchange ("NYSE") on a reverse split-adjusted basis as of the market open today, July 12, 2024. The trading symbol of the common stock, NYCB,
HICKSVILLE, N.Y., July 2, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") announced today that, as previously disclosed and approved by its shareholders at the Company's annual meeting held on June 5th, its Board of Directors approved the one-for-three reverse stock split. The reverse stock split is expected to become effective at 5:01 p.m. ET on July 11, 2024, after close of trading on the New York Stock Exchange ("NYSE"). The Company's common stock is expected to begin trading on a split-adjusted basis as of the market open on July 12, 2024.
HICKSVILLE, N.Y., June 27, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") today announced that as previously approved by its shareholders at its annual meeting held on June 5th, its Board of Directors passed a resolution yesterday approving the one-for-three reverse stock split. We expect the reverse stock split to become effective in mid-to-late July. About New York Community Bancorp, Inc. New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The Company is headquarte
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HICKSVILLE, N.Y., July 23, 2024 /PRNewswire/ -- Flagstar Bank, N.A., the bank subsidiary (the "Bank") of New York Community Bancorp, Inc., (NYSE:NYCB) (the "Company"), announced today the appointment of nine seasoned leaders to its leadership team, effective immediately. These additions further enhance the Company's oversight of core businesses and client-focused operations, bringing a blend of financial, commercial, private banking, IT, credit, and regulatory pedigree to the organization. Joseph Otting, Chairman, President, and CEO, commented on the new appointments, "Driving
KEY PROPOSALS PASS WITH STRONG MAJORITY HICKSVILLE, N.Y., June 5, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company"), the parent company of Flagstar Bank, N.A. (the "Bank") has announced that preliminary results from the Annual Shareholders Meeting held earlier today have indicated the following directors were elected to three-year terms: Milton Berlinski, Co-founder and Managing Partner of Reverence CapitalAlan Frank, Retired audit partner from Deloitte & ToucheJennifer R. Whip, Principal with Cambridge OnePreliminary results also indicated that
HICKSVILLE, N.Y., June 4, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company"), the parent company of Flagstar Bank, N.A. (the "Bank") announced that on June 3, 2024, the Board of Directors appointed President and Chief Executive Officer, Joseph M. Otting, to the additional role of Executive Chairman of the Board of both the Company and the Bank, effective as of the close of business on June 5, 2024. Mr. Otting's appointment will better facilitate his ability, alongside the new senior executive leadership team, to continue to improve all aspects of the Company's operations and execute on its strategic initiatives.
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. These strategic appointments signify the Company's commitment to enhancing its operational capabilities, fortifying its risk and compliance framework, and driving sustainable growth. Joseph Otting, President and CEO, commented, "We are thrilled to welcome Craig, Bao, Scott and James to our executive team. Their collective expertise and deep industry knowledge will b
Former Secretary Steven Mnuchin, Joseph Otting, Allen Puwalski and Milton Berlinski to Join NYCB Board of Directors Joseph Otting to Become CEO and Alessandro DiNello to be Named as Non-Executive Chairman Investment is Strong Endorsement of New Management Team; Creates Strong Balance Sheet Reconstituted Board and Management Team Positioned to Deliver Well Capitalized $100+ Billion National Bank with a Diversified, De-Risked Business Model HICKSVILLE, N.Y., March 6, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) ("NYCB" or the "Company") today announced that Liberty Strategic Capital ("Liberty"), Hudson Bay Capital ("Hudson Bay"), Reverence Capital Partners ("Reverence Cap
HICKSVILLE, N.Y., Feb. 29, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) ("NYCB" or the "Company") today announced the appointment of Alessandro (Sandro) DiNello, Executive Chairman of the Board, as President and Chief Executive Officer, effective immediately. Mr. DiNello succeeds Thomas R. Cangemi, who has stepped down as President and Chief Executive Officer after 27 years with the Company. Mr. Cangemi remains on the Board. In addition, Marshall Lux, a financial services industry leader who has served as an independent director since 2022, has been named
HICKSVILLE, N.Y., Sept. 6, 2023 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") today announced the appointment of Julie Signorille-Browne as Senior Executive Vice President and Chief Operating Officer. Ms. Signorille-Browne joined the Company in 2021 as Executive Vice President and Chief Administrative Officer and has more than three decades of experience in bank operations, process improvement, and M&A integration. Prior to joining the Company, she was Executive Vice President and Chief Operating Officer of the consumer bank at Citizens Financial Group, where she was responsible for consumer banking operations.
Combining the Best of Both Banks to Create the 24th Largest Regional Bank in the Country Company Names New Board Members and Executive Leadership Team HICKSVILLE, N.Y., Dec. 1, 2022 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company" or "NYCB") announced that its acquisition of Flagstar Bancorp, Inc. ("Flagstar" or "FBC") was completed earlier today, creating a regional banking franchise ranking among the top 25 banks in the country based on total assets. In accordance with the Agreement and Plan of Merger dated April 24, 2021, as amended on April 26, 2022 and October 27, 2022 by and among the Company, Flagstar, and 615 Corp. (the "Merger Agreement"), Flagstar merged
HICKSVILLE, N.Y., Feb. 28, 2022 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company" or "NYCB") today announced the appointment of Marshall Lux – a prominent and highly-regarded financial services industry professional - to the Boards of Directors of the Company and its main banking subsidiary, New York Community Bank (the "Bank"), effective immediately. He was also named to the Audit Committee and the Risk Assessment Committee. Mr. Lux has a long and distinguished career in financial services, spanning nearly 40 years and encompassing a wide spectrum o
HICKSVILLE, N.Y., Aug. 30, 2021 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") today announced the appointment of Julie Signorille-Browne as Executive Vice President and Chief Administrative Officer. Ms. Signorille-Browne will join the Company on September 7, 2021 and comes to New York Community with more than 30-years of experience in bank operations, digital banking, process improvement, and M&A integration. Her banking career has been spent at several large regional banks, including Key Bank and First Niagara Bank (which was acquired by Key Ba
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Wedbush upgraded New York Community from Underperform to Neutral and set a new price target of $3.50 from $3.00 previously
Piper Sandler upgraded New York Community from Neutral to Overweight and set a new price target of $4.00
Raymond James downgraded New York Community from Mkt Perform to Underperform and set a new price target of $3.00
Barclays initiated coverage of New York Community with a rating of Equal Weight and set a new price target of $4.00
Piper Sandler downgraded New York Community from Overweight to Neutral and set a new price target of $5.00 from $8.00 previously
DA Davidson downgraded New York Community from Buy to Neutral and set a new price target of $5.00 from $8.50 previously
JP Morgan downgraded New York Community from Overweight to Neutral and set a new price target of $5.50 from $11.50 previously
BofA Securities downgraded New York Community from Buy to Neutral and set a new price target of $5.00 from $8.50 previously
Deutsche Bank downgraded New York Community from Buy to Hold and set a new price target of $7.00 from $15.00 previously
Compass Point downgraded New York Community from Buy to Neutral and set a new price target of $8.00
HICKSVILLE, N.Y., Aug. 5, 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. The dividend is payable on September 17, 2024 to common stockholders of record as of September 7, 2024. In addition, the Board of Directors declared quarterly cash dividends on two series of its preferred stock. A quarterly cash dividend on its Fixed-to-Floating Rate Noncumulative Perpetual Preferred Stock, Series A (NYSE:NYCB) at the rate of
HICKSVILLE, N.Y., Aug. 2, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") today announced that it has approved employment inducement awards for two individuals who have recently become executives of the Company. In connection with the appointments of (i) Richard Raffetto, as Senior Executive Vice President and President of Commercial and Private Banking, and (ii) Kris Gagnon, as Senior Executive Vice President and Chief Credit Officer, the Compensation Committee of the Board of Directors of the Company approved employment inducement awards for
TRANSACTION ADDS 60 BASIS POINTS TO CET1 RATIO AND ACCELERATES TRANSITION TO A LEADING DIVERSIFIED, FULL-SERVICE REGIONAL BANK HICKSVILLE, N.Y., July 25, 2024 /PRNewswire/ -- Flagstar Bank, N.A. (the "Bank"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") announced today that, it entered into a definitive agreement to sell its residential mortgage servicing business, including mortgage servicing rights and the third-party origination platform to Mr. Cooper (NASDAQ:COOP), a leading non-bank mortgage originator and servicer for approximately $1.4 billion. The transaction is expected to close during the fourth quarter of 2024.
TRANSACTION INCREASES CET1 CAPITAL RATIO, BOLSTERS LIQUIDITY AND LOWERS LOAN-TO-DEPOSIT RATIO HICKSVILLE, N.Y., July 22, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company"), the parent company of Flagstar Bank, N.A. (the "Bank") announced today that it has consummated the sale of approximately $5.9 billion in mortgage warehouse loans to JPMorgan Chase Bank, N.A. ("JPMC"), at par. The Company expects to close on an additional $200 million of mortgage warehouse loans in the near future, once necessary customer approvals are received. Upon closing, the Company expects that the transaction will add approximately 70 basis points to its CET1 ratio.
HICKSVILLE, N.Y., July 17, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") today announced that it plans to issue results for the three and six months ended June 30, 2024 at approximately 7:00 a.m. Eastern Time (ET) on Thursday, July 25, 2024. The earnings release and presentation will be posted to the Investor Relations portion of the Company's website, ir.myNYCB.com shortly after issuance. The Company will conduct a conference call at 8:00 a.m. (ET) on the same date, during which Chairman, President, and Chief Executive Officer, Joseph M. O
COMMON STOCK TO TRADE ON A REVERSE SPLIT-ADJUSTED BASIS AS OF JULY 12TH HICKSVILLE, N.Y., July 12, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") announced today that, as previously disclosed and approved by its shareholders at the Company's annual meeting held on June 5th and as determined by the Company's Board of Directors on June 26th, the one-for-three reverse stock split became effective at 5:01 p.m. ET on July 11, 2024 ("the Effective Time"). The Company's common stock will begin trading on the New York Stock Exchange ("NYSE") on a reverse split-adjusted basis as of the market open today, July 12, 2024. The trading symbol of the common stock, NYCB,
HICKSVILLE, N.Y., July 2, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") announced today that, as previously disclosed and approved by its shareholders at the Company's annual meeting held on June 5th, its Board of Directors approved the one-for-three reverse stock split. The reverse stock split is expected to become effective at 5:01 p.m. ET on July 11, 2024, after close of trading on the New York Stock Exchange ("NYSE"). The Company's common stock is expected to begin trading on a split-adjusted basis as of the market open on July 12, 2024.
HICKSVILLE, N.Y., June 27, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") today announced that as previously approved by its shareholders at its annual meeting held on June 5th, its Board of Directors passed a resolution yesterday approving the one-for-three reverse stock split. We expect the reverse stock split to become effective in mid-to-late July. About New York Community Bancorp, Inc. New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The Company is headquarte
TRANSACTION WILL INCREASE CET1 CAPITAL RATIO TO 10.8% ON A PROFORMA BASIS AND FURTHER BOLSTER LIQUIDITY LOAN-TO-DEPOSIT RATIO IMPROVES TO 104% HICKSVILLE, N.Y., May 14, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company"), the parent company of Flagstar Bank, N.A. (the "Bank") announced today that it has agreed to sell approximately $5 billion in mortgage warehouse loans to JPMorgan Chase Bank, N.A. ("JPMC"). Upon closing, the Company expects that the transaction will add 65 basis points to the CET1 capital ratio, as converted for the preferred, re
HICKSVILLE, N.Y., May 1, 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. The dividend is payable on June 17, 2024 to common stockholders of record as of June 7, 2024. In addition, the Board of Directors declared quarterly cash dividends on three series of its preferred stock. A quarterly cash dividend on its Fixed-to-Floating Rate Noncumulative Perpetual Preferred Stock, Series A (NYSE:NYCB) at the rate of $15.94 pe
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New York Community (NYSE:NYCB) reported quarterly losses of $(1.05) per share which missed the analyst consensus estimate of $(0.42) by 150 percent. This is a 174.47 percent decrease over earnings of $1.41 per share from the same period last year. The company reported quarterly sales of $557.000 million which missed the analyst consensus estimate of $600.962 million by 7.32 percent. This is a 38.11 percent decrease over sales of $900.000 million the same period last year.
Flagstar Bank, N.A. (the "Bank"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") announced today that, it entered into a definitive agreement to sell its residential mortgage servicing business, including mortgage servicing rights and the third-party origination platform to Mr. Cooper (NASDAQ:COOP), a leading non-bank mortgage originator and servicer for approximately $1.4 billion. The transaction is expected to close during the fourth quarter of 2024.
New York Community's (NYSE:NYCB) short percent of float has fallen 5.06% since its last report. The company recently reported that it has 95.28 million shares sold short, which is 10.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.58 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short i
The Company expects to close on an additional $200 million of mortgage warehouse loans in the near future, once necessary customer approvals are received. Upon closing, the Company expects that the transaction will add approximately 70 basis points to its CET1 ratio.
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Keefe, Bruyette & Woods analyst Christopher Mcgratty maintains New York Community (NYSE:NYCB) with a Market Perform, adjusts target to $11.25 from $3.75 (1-3 Reverse Stock Split)
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COMMON STOCK TO TRADE ON A REVERSE SPLIT-ADJUSTED BASIS AS OF JULY 12THHICKSVILLE, N.Y., July 12, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") announced today that, as previously disclosed and approved by its shareholders at the Company's annual meeting held on June 5th and as determined by the Company's Board of Directors on June 26th, the one-for-three reverse stock split became effective at 5:01 p.m. ET on July 11, 2024 ("the Effective Time"). The Company's common stock will begin trading on the New York Stock Exchange ("NYSE") on a reverse split-adjusted basis as of the market open today, July 12, 2024. The trading symbol of the common stock, NYCB, re