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NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES ADDITIONAL INDUCEMENT AWARDS

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New York Community Bancorp, Inc. (NYSE: NYCB) has announced employment inducement awards for two new executives. Richard Raffetto, appointed as Senior Executive Vice President and President of Commercial and Private Banking, and Kris Gagnon, as Senior Executive Vice President and Chief Credit Officer, have each been granted a one-time stock option to acquire 1,000,000 shares of the Company's common stock.

The stock options have an exercise price of $10.48, equal to the closing price on the grant date, and will vest in 3 equal annual installments over three years. These awards are being made outside of the Company's 2020 Omnibus Incentive Plan but will generally be subject to the same terms and conditions.

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. The Company operates over 400 branches and has a significant presence in the Northeast, Midwest, Southeast, and West Coast.

New York Community Bancorp, Inc. (NYSE: NYCB) ha annunciato premi di assunzione per due nuovi dirigenti. Richard Raffetto, nominato Vicepresidente Esecutivo Senior e Presidente della Banca Commerciale e Privata, e Kris Gagnon, Vicepresidente Esecutivo Senior e Chief Credit Officer, hanno ciascuno ricevuto un opzione su azioni una tantum per acquisire 1.000.000 azioni delle azioni ordinarie della Società.

Le opzioni su azioni hanno un prezzo di esercizio di $10,48, pari al prezzo di chiusura alla data di concessione, e si svilupperanno in 3 rate annuali uguali nel corso di tre anni. Questi premi sono concessi al di fuori del Piano di Incentivazione Omnibus 2020 della Società, ma saranno generalmente soggetti agli stessi termini e condizioni.

Al 30 giugno 2024, NYCB aveva $119,1 miliardi in attivi, $82,4 miliardi in prestiti, $79,0 miliardi in depositi e $8,4 miliardi in totale patrimonio netto degli azionisti. La Società opera oltre 400 filiali e ha una presenza significativa nel Nord-est, nel Midwest, nel Sud-est e sulla Costa Ovest.

New York Community Bancorp, Inc. (NYSE: NYCB) ha anunciado premios de incentivo en el empleo para dos nuevos ejecutivos. Richard Raffetto, nombrado Vicepresidente Ejecutivo Senior y Presidente de Banca Comercial y Privada, y Kris Gagnon, Vicepresidente Ejecutivo Senior y Director de Crédito, han recibido cada uno una opción de acciones única para adquirir 1.000.000 acciones de las acciones ordinarias de la Compañía.

Las opciones de acciones tienen un precio de ejercicio de $10,48, igual al precio de cierre en la fecha de concesión, y se consolidarán en 3 cuotas anuales iguales a lo largo de tres años. Estos premios se otorgan fuera del Plan de Incentivo Omnibus 2020 de la Compañía, pero generalmente estarán sujetos a los mismos términos y condiciones.

Al 30 de junio de 2024, NYCB tenía $119.1 mil millones en activos, $82.4 mil millones en préstamos, $79.0 mil millones en depósitos y $8.4 mil millones en patrimonio total de los accionistas. La Compañía opera más de 400 sucursales y tiene una presencia significativa en el noreste, el medio oeste, el sureste y la costa oeste.

뉴욕 커뮤니티 뱅코프 주식회사 (NYSE: NYCB)는 두 명의 신임 경영진에 대한 고용 유인 보상을 발표했습니다. 리처드 라페토가 상무 부사장 겸 상업 및 개인 은행의 사장으로 임명되었고, 크리스 가농이 상무 부사장 겸 최고 신용 책임자로 임명되었습니다. 이들은 각각 회사 보통주 1,000,000주를 매입할 수 있는 단일 주식 옵션이 부여되었습니다.

이 주식 옵션의 행사 가격은 $10.48로, 부여일의 종가와 같습니다. 옵션은 3회에 걸쳐 연간 동일한 분할로 분배됩니다 (3년 동안). 이 보상은 회사의 2020년 총인센티브계획의 외부에서 이루어지지만, 일반적으로 동일한 조건과 조항의 적용을 받습니다.

2024년 6월 30일 기준으로 NYCB는 $119.1 billion의 자산, $82.4 billion의 대출, $79.0 billion의 예금, $8.4 billion의 총 주주 자본을 보유하고 있습니다. 이 회사는 400개 이상의 지점을 운영하며 북동부, 중서부, 동남부 및 서부 해안에서 상당한 존재감을 가지고 있습니다.

New York Community Bancorp, Inc. (NYSE: NYCB) a annoncé des récompenses d'incitation à l'emploi pour deux nouveaux cadres. Richard Raffetto, nommé Vice-Président Exécutif Senior et Président de la Banque Commerciale et Privée, et Kris Gagnon, Vice-Président Exécutif Senior et Directeur du Crédit, ont chacun reçu une option d'achat d'actions unique pour acquérir 1.000.000 actions ordinaires de la société.

Les options d'achat d'actions ont un prix d'exercice de $10,48, correspondant au prix de clôture à la date d'attribution, et seront acquises en 3 versements annuels égaux sur trois ans. Ces récompenses sont accordées en dehors du Plan d'Incentives Omnibus 2020 de la société, mais seront généralement soumises aux mêmes termes et conditions.

Au 30 juin 2024, NYCB comptait $119,1 milliards d'actifs, $82,4 milliards de prêts, $79,0 milliards de dépôts et $8,4 milliards de capitaux propres totaux. La société exploite plus de 400 agences et a une présence significative dans le Nord-Est, le Midwest, le Sud-Est et sur la côte Ouest.

New York Community Bancorp, Inc. (NYSE: NYCB) hat Anreize für die Beschäftigung von zwei neuen Führungskräften bekannt gegeben. Richard Raffetto wurde zum Senior Executive Vice President und Präsidenten der Commercial and Private Banking ernannt, während Kris Gagnon als Senior Executive Vice President und Chief Credit Officer fungiert. Beide haben jeweils eine einmalige Aktienoption erhalten, um 1.000.000 Aktien der Stammaktien des Unternehmens zu erwerben.

Die Aktienoptionen haben einen Ausübungspreis von $10,48, der dem Schlusskurs am Vergabetag entspricht, und werden in 3 gleichen jährlichen Raten über drei Jahre ausgegeben. Diese Auszeichnungen erfolgen außerhalb des Omnibus-Anreizplans 2020 des Unternehmens, werden aber in der Regel denselben Bedingungen und Bestimmungen unterliegen.

Zum 30. Juni 2024 hatte NYCB $119,1 Milliarden in Vermögenswerten, $82,4 Milliarden in Krediten, $79,0 Milliarden in Einlagen und $8,4 Milliarden an Gesamtkapital der Aktionäre. Das Unternehmen betreibt über 400 Niederlassungen und hat eine bedeutende Präsenz im Nordosten, Mittleren Westen, Südosten und an der Westküste.

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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 Mr. Raffetto and Mr. Gagnon as a material inducement to such individuals entering into offers of employment with the Company in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08.

Both Mr. Raffetto and Mr. Gagnon were granted a one-time stock option grant to acquire 1,000,000 shares of the Company's common stock. Each stock option has an exercise price of $10.48, which is equal to the closing price of the Company's common stock on the date of the grants, and will vest in 3 equal annual installments on the first, second, and third anniversary of the grant date, with any applicable taxes payable by way of a net settlement.

The employment inducement awards are being made outside of the New York Community Bancorp, Inc. 2020 Omnibus Incentive Plan (the "Plan") and the Company's shareholder-approved equity compensation plan, but will generally be subject to the same terms and conditions as apply to awards granted under the Plan.

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 headquartered in Hicksville, New York. At 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, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and West Coast. Flagstar Mortgage operates nationally through a wholesale network of approximately 3,000 third-party mortgage originators. In addition, the Bank has approximately 90 private banking teams located in over 10 cities in the metropolitan New York City region and on the West Coast, which serve the needs of high-net worth individuals and their businesses.

Cautionary Note Regarding Forward-Looking Statements

This earnings release and the associated conference call may include forward‐looking statements by the Company and our authorized officers pertaining to such matters as our goals, beliefs, intentions, and expectations regarding (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to attract, incentivize, and retain key personnel and the roles of key personnel; (g) our ability to achieve our financial and other strategic goals, including those related to our merger with Flagstar Bancorp, Inc., which was completed on December 1, 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, and our ability to fully and timely implement the risk management programs institutions greater than $100 billion in assets must maintain; (h) the effect on our capital ratios of the approval of certain proposals approved by our shareholders during our 2024 annual meeting of shareholders; (i) the conversion or exchange of shares of the Company's preferred stock; and (j) the payment of dividends on shares of the Company's capital stock, including adjustments to the amount of dividends payable on shares of the Company's preferred stock.

Forward‐looking statements are typically identified by such words as "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "should," "confident," and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. Additionally, forward‐looking statements speak only as of the date they are made; the Company does not assume any duty, and does not undertake, to update our forward‐looking statements. Furthermore, because forward‐looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in our statements, and our future performance could differ materially from our historical results.

Our forward‐looking statements are subject to, among others, the following principal risks and uncertainties: general economic conditions and trends, either nationally or locally; conditions in the securities, credit and financial markets; changes in interest rates; the inability of the Bank and Nationstar to execute the transaction contemplated by the MSR Purchase Agreement and Asset Purchase Agreement or satisfy customary closing conditions; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of our loan or investment portfolios, including associated allowances and reserves; changes in future allowance for credit losses, including changes required under relevant accounting and regulatory requirements; the ability to pay future dividends; changes in our capital management and balance sheet strategies and our ability to successfully implement such strategies; recent turnover in our Board of Directors and our executive management team; changes in our strategic plan, including changes in our internal resources, procedures and systems, and our ability to successfully implement such plan; changes in competitive pressures among financial institutions or from non‐financial institutions; changes in legislation, regulations, and policies; the imposition of restrictions on our operations by bank regulators; the outcome of pending or threatened litigation, or of investigations or any other matters before regulatory agencies, whether currently existing or commencing in the future; the success of our blockchain and fintech activities, investments and strategic partnerships; the restructuring of our mortgage business; the impact of failures or disruptions in or breaches of the Company's operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns; the impact of natural disasters, extreme weather events, military conflict (including the Russia/Ukraine conflict, the conflict in Israel and surrounding areas, the possible expansion of such conflicts and potential geopolitical consequences), terrorism or other geopolitical events; and a variety of other matters which, by their nature, are subject to significant uncertainties and/or are beyond our control. Our forward-looking statements are also subject to the following principal risks and uncertainties with respect to our merger with Flagstar Bancorp, which was completed on December 1, 2022, and our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction: the possibility that the anticipated benefits of the transactions will not be realized when expected or at all; the possibility of increased legal and compliance costs, including with respect to any litigation or regulatory actions related to the business practices of acquired companies or the combined business; diversion of management's attention from ongoing business operations and opportunities; the possibility that the Company may be unable to achieve expected synergies and operating efficiencies in or as a result of the transactions within the expected timeframes or at all; and revenues following the transactions may be lower than expected. Additionally, there can be no assurance that the Community Benefits Agreement entered into with NCRC, which was contingent upon the closing of the Company's merger with Flagstar Bancorp, Inc., will achieve the results or outcome originally expected or anticipated by us as a result of changes to our business strategy, performance of the U.S. economy, or changes to the laws and regulations affecting us, our customers, communities we serve, and the U.S. economy (including, but not limited to, tax laws and regulations).

More information regarding some of these factors is provided in the Risk Factors section of our Annual Report on Form 10‐K/A for the year ended December 31, 2023, Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, and in other SEC reports we file. Our forward‐looking statements may also be subject to other risks and uncertainties, including those we may discuss in this news release, on our conference call, during investor presentations, or in our SEC filings, which are accessible on our website and at the SEC's website, www.sec.gov.

Investor Contact:

Salvatore J. DiMartino
(516) 683-4286

Media Contact:

Steven Bodakowski
(248) 312-5872

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SOURCE New York Community Bancorp, Inc.

FAQ

What stock options were granted to the new executives at New York Community Bancorp (NYCB)?

Richard Raffetto and Kris Gagnon were each granted a one-time stock option to acquire 1,000,000 shares of NYCB's common stock at an exercise price of $10.48.

How will the stock options for NYCB's new executives vest?

The stock options will vest in 3 equal annual installments on the first, second, and third anniversary of the grant date.

What were NYCB's key financial figures as of June 30, 2024?

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.

How many branches does New York Community Bancorp (NYCB) operate?

NYCB operates over 400 branches, with a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and West Coast.

New York Community Bancorp, Inc.

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4.38B
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Banks - Regional
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