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New York Community Bancorp, Inc. declared a quarterly cash dividend on its common stock and preferred stocks. The dividend on common stock is $0.01 per share, payable on June 17, 2024. The preferred stock dividends vary based on the series, ranging from $15.94 to $65.00 per share, with different conditions for payment.
The company has significant assets, loans, and deposits, with a strong market presence in various banking sectors. Flagstar Bank, N.A., a subsidiary, operates nationally and is a key player in multi-family lending, mortgage origination, and servicing. New York Community Bancorp, Inc. holds prominent positions in the mortgage industry and has a substantial market share in mortgage origination and servicing, as well as mortgage warehouse lending.
New York Community Bancorp, Inc. reported a net loss of $327 million for Q1 2024, with a focus on profitability by Q4 2026. The company raised over $1 billion in equity, strengthened its board and management team, and increased its allowance for credit losses. Despite resilience in deposits, the company faced challenges with non-performing loans and asset quality. With a CET1 ratio of 9.45% and total liquidity of $28.0 billion, the company aims to improve its earnings profile and enhance shareholder value.
New York Community Bancorp, Inc. (NYSE: NYCB) is set to release its first-quarter 2024 earnings on May 1st, 2024. The company will share its financial results and future outlook during a conference call featuring President and CEO Joseph M. Otting and CFO Craig Gifford. NYCB, parent company of Flagstar Bank, N.A., boasts $113.9 billion in assets, $85.8 billion in loans, $81.4 billion in deposits, and $8.4 billion in total stockholders' equity as of December 31, 2023. The bank holds leading positions in multi-family lending, mortgage origination, servicing, and warehouse lending.
New York Community Bancorp, Inc. has set June 5th as the date for the 2024 Annual Meeting of Shareholders. The meeting will be virtual, starting at 10:00 a.m. Eastern Time. Shareholders of record as of April 12, 2024, can participate. Details will be in the Proxy Statement and Notice of Annual Meeting.
The Company, with $113.9 billion in assets, operates Flagstar Bank, N.A. with a strong presence in various regions. Flagstar Mortgage is a major player in residential mortgages and servicing. The Company has a significant position in mortgage warehouse lending.
New York Community Bancorp, Inc. announced new employment inducement awards for three executives, including Craig Gifford, Scott Shepherd, and Bao Nguyen. Each executive was granted a one-time stock option to acquire 3,000,000 shares of the Company's common stock. The awards are subject to vesting over three years and were made outside of the Company's existing incentive plans.