Welcome to our dedicated page for New York Comnity news (Ticker: NYCB), a resource for investors and traders seeking the latest updates and insights on New York Comnity stock.
New York Community Bancorp, Inc. (NYSE: NYCB) delivers essential financial services through retail banking, multi-family lending, and mortgage solutions across strategic U.S. markets. This page provides centralized access to official announcements and analysis-worthy developments impacting the regional banking sector.
Track NYCB's operational milestones through curated earnings reports, merger/acquisition disclosures, and regulatory updates. Investors gain insights into credit portfolio performance, dividend decisions, and leadership changes while analysts monitor liquidity metrics and risk management strategies.
Discover updates on NYCB's core segments: rent-regulated apartment financing, mortgage warehouse lending operations, and community banking expansions. Content spans strategic partnership announcements, interest rate impact assessments, and service area developments.
Bookmark this page for streamlined monitoring of NYCB's financial health and market positioning. Combine press release immediacy with contextual reporting to inform your banking sector analysis.
Flagstar Financial (NYSE: FLG) has announced its participation in the BofA Securities Financial Services Conference in Miami, Florida on February 11, 2025. Chairman, President, and CEO Joseph Otting and CFO Lee Smith will present at 11:20 a.m. Eastern Time, discussing the company's 2024 performance.
The presentation will be available via live webcast on the company's website, with a replay and PowerPoint slides accessible until February 25, 2025. As of December 31, 2024, Flagstar Financial reported total assets of $100.2 billion, loans of $69.2 billion, deposits of $75.9 billion, and stockholders' equity of $8.2 billion.
Flagstar Bank operates 418 branches across the Northeast, Midwest, Southeast, and West Coast. The bank also maintains approximately 80 private banking teams across the metropolitan New York City region and West Coast, serving high-net worth individuals and their businesses.
New York Community Bancorp (NYSE: NYCB) has declared its quarterly dividends. The company announced a common stock dividend of $0.01 per share, payable December 17, 2024, to stockholders of record as of December 7, 2024. Additionally, preferred stock dividends were declared: $15.94 per Series A share ($0.3984 per depositary share) and $3.3333 per Series B share. The bank operates over 400 branches with a strong presence in the Northeast and Midwest, managing $114.4 billion in assets, $73.0 billion in loans, and $83.0 billion in deposits as of September 30, 2024.
New York Community Bancorp reported a Q3 2024 net loss of $280 million, with a net loss attributable to common stockholders of $289 million ($0.79 per diluted share). Adjusted for merger-related expenses and items from mortgage warehouse business sale, the net loss was $243 million ($0.69 per diluted share). Key highlights include deposit growth of $4 billion (5%), reduced wholesale borrowings by 31%, and maintained an allowance for credit losses ratio of 1.87%. The bank continued its de-risking strategy with commercial real estate exposure declining 3%. Net interest income decreased to $510 million, down 8% from Q2 2024 and 42% year-over-year.
Flagstar Bank, a subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB), announced a workforce reduction as part of its strategic transformation plan. The reduction affects approximately 700 employees, or 8% of its workforce. Additionally, the previously announced sale of its Mortgage Servicing and Third-Party Origination business to Mr. Cooper, expected to close in Q4 2024, will result in a further reduction of about 1,200 employees.
CEO Joseph Otting stated that these actions, while difficult, are essential for strengthening the company's financial foundation and building a more agile, competitive organization. The reductions aim to optimize operations after integrating three legacy banks through acquisitions. The company remains committed to building a diversified, leading regional bank and positioning itself for long-term success.
New York Community Bancorp, Inc. (NYSE: NYCB) has announced its plan to release Q3 2024 earnings on October 25, 2024 at approximately 7:00 a.m. ET. The company will host a conference call at 8:00 a.m. ET on the same day, where Chairman, President, and CEO Joseph M. Otting and Senior EVP and CFO Craig Gifford will discuss the company's performance. The earnings release and presentation will be available on the company's Investor Relations website.
New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the U.S. As of June 30, 2024, the company had $119.1 billion in assets, $82.4 billion in loans, $79.0 billion in deposits, and $8.4 billion in total stockholders' equity. Flagstar Bank operates over 400 branches, with a strong presence in the Northeast and Midwest, and locations in high-growth markets in the Southeast and West Coast.
New York Community Bancorp, Inc. (NYSE: NYCB) has announced a significant change, renaming itself to Flagstar Financial, Inc. This name change, effective October 25, 2024, at 5:00 pm ET, aligns with the company's strategic focus on becoming a full-service regional franchise with a growth-oriented vision. The company's stock symbol will change from NYCB to FLG, effective at the open of business on October 28, 2024.
Chairman, President, and CEO Joseph Otting stated that this change marks another milestone in the company's ongoing transformation. Over the past six months, the company has diversified its business model, established relationship-driven businesses, and continued to recruit top-tier talent. The new name complements the re-branding of the Bank and its branches implemented earlier this year.
As of June 30, 2024, the company had $119.1 billion of assets, $82.4 billion of loans, deposits of $79.0 billion, and total stockholders' equity of $8.4 billion. Flagstar Bank, N.A. operates over 400 branches across the Northeast, Midwest, Southeast, and West Coast.
Flagstar Bank, a subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB), has successfully collected over 2,000 pounds of non-perishable food for Forgotten Harvest during a food drive held in partnership with the Soaring Eagle Arts, Beats & Eats Festival. Kroger matched the donations pound-for-pound, resulting in a total of over 4,000 pounds of food, equivalent to 4,000 meals, for metro Detroit families facing food insecurity.
Reggie Davis, Senior Executive Vice President and President of Consumer and Small Business Banking, emphasized Flagstar Bank's commitment to giving back to the communities it serves. The bank has been a proud sponsor of Arts, Beats & Eats since 1998, reflecting its broader mission of supporting arts and culture that enrich lives.
Flagstar Bank, a subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB), has released its 2023 Environmental, Social, and Governance (ESG) Report. Key highlights include:
- 34% reduction in Scope 1 and 2 greenhouse gas emissions, surpassing the 2030 target
- Expansion of mentorship program to over 150 mentees and 40 mentors
- Full rollout of Spanish language loan documents
- Membership in six national certifying and advocacy organizations for supplier diversity
- Over $93.1 million invested in CRA low-income housing tax credits
- $3.16 million in grants awarded through Flagstar's Community Foundation
The report aligns with Global Reporting Initiative Universal Standards, Task Force on Climate-related Financial Disclosures framework, and relevant Sustainability Accounting Standards Board sector standards.
Flagstar Bank, a subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB), has announced the expansion of its Commercial and Private Banking leadership team with four key executive appointments. The new hires, reporting to Rich Raffetto, SEVP & President of Commercial and Private Banking, include:
1. Joe Abruzzo: EVP and Head of Regional Commercial Banking & Corporate Banking
2. Rita Dailey: EVP, Head of Commercial Deposits & Payment Solutions
3. Mike Mason: EVP, Head of Credit Products, Commercial and Private Banking
4. Matt Dalany: SVP, Head of Specialized Industries Credit Products
These appointments aim to enhance client coverage, advance product capabilities, and strengthen Flagstar's Commercial and Private Banking strategy. As of June 30, 2024, NYCB had $119.1 billion in assets, $82.4 billion in loans, $79.0 billion in deposits, and $8.4 billion in total stockholders' equity.
New York Community Bancorp, Inc. (NYSE: NYCB) has announced quarterly cash dividends on its common stock and preferred stocks. The Board of Directors declared:
- A $0.01 per share dividend on common stock, payable on September 17, 2024
- A $15.94 per share dividend on Series A preferred stock ($0.3984 per depositary share)
- A $3.3333 per share dividend on Series B preferred stock
All dividends are payable to stockholders of record as of September 7, 2024. As of June 30, 2024, the company reported $119.1 billion in assets, $82.4 billion in loans, $79.0 billion in deposits, and $8.4 billion in total stockholders' equity. Flagstar Bank, N.A., the company's subsidiary, operates over 400 branches and a nationwide mortgage network.
