Welcome to our dedicated page for New York Community Bancorp news (Ticker: NYCB), a resource for investors and traders seeking the latest updates and insights on New York Community Bancorp stock.
New York Community Bancorp, Inc. (NYSE: NYCB) stands as one of the 25 largest bank holding companies in the United States, boasting assets exceeding $48 billion and a market cap surpassing $7 billion. Headquartered in Hicksville, New York, NYCB operates through a network of over 270 branches spread across metro New York, New Jersey, Florida, Arizona, and Ohio, and ranks among the top 25 depositories in the nation.
NYCB's mission is to excel in all aspects for the benefit of customers, communities, employees, and shareholders alike. The company manages its branches under two primary banks: New York Community Bank and New York Commercial Bank, both members of the FDIC. These banks operate through eight local divisions reflecting the company's growth through strategic acquisitions:
- Queens County Savings Bank
- Roslyn Savings Bank
- Richmond County Savings Bank
- Roosevelt Savings Bank
- Garden State Community Bank
- AmTrust Bank
- Ohio Savings Bank
- Atlantic Bank
NYCB competes robustly in diverse markets, offering a comprehensive array of products and services that include online banking, mobile banking, and phone banking. Additionally, the company is a leading producer of multi-family loans in New York City, specializing in rent-regulated, non-luxury apartment buildings.
Recently, NYCB acquired Flagstar Bank, N.A., bolstering its presence with 435 branches and extensive operations across the Northeast, Midwest, Southeast, and West Coast. Flagstar Mortgage, a subsidiary of Flagstar Bank, operates nationally through a wholesale network of roughly 3,000 third-party mortgage originators. The acquisition has positioned NYCB as the second-largest multi-family portfolio lender in the U.S. and has strengthened its foothold in mortgage origination, servicing, and warehouse lending. As of March 31, 2023, NYCB reported assets of $123.8 billion, loans totaling $83.3 billion, deposits of $84.8 billion, and total stockholders' equity of $10.8 billion.
Latest News: NYCB has successfully implemented AFSVision, an advanced lending platform by Automated Financial Systems, Inc. (AFS®), at Flagstar Bank. This strategic move enhances Flagstar's commercial lending capabilities and supports its relationship banking model. AFSVision allows seamless integration with financial institutions' ecosystems and offers digital-enabling capabilities for end-to-end commercial loan processing.
NYCB continues to excel in various national businesses, including multi-family lending, mortgage origination and servicing, and warehouse lending. With a focus on technology and efficiency, the company remains committed to providing exceptional service to its customers and maintaining its strong market positions.
New York Community Bancorp (NYSE: NYCB) will release its earnings for the year ending December 31, 2021, on January 26, 2022, at 7:00 a.m. ET. A conference call will follow at 8:30 a.m. ET, featuring Chairman Thomas R. Cangemi and CFO John Pinto discussing the fourth quarter results. Interested parties can access the call via the company's Investor Relations website. The earnings report will reflect the company's ongoing presence in multi-family loans and its financial standing, with assets reported at $57.9 billion as of September 30, 2021.
New York Community Bancorp (NYSE: NYCB) has declared a quarterly cash dividend of $15.94 per preferred share, equivalent to $0.3984 per depositary share, which will be payable on December 17, 2021. Shareholders on record as of December 7, 2021 will receive this dividend. As of September 30, 2021, the company reported significant assets totaling $57.9 billion, loans at $43.7 billion, and deposits of $34.6 billion.
New York Community Bancorp (NYSE: NYCB) reported a strong performance for Q3 2021, showing a 30% increase in diluted EPS to $0.30, with net income of $140 million, up 31% from Q3 2020. The net interest margin rose to 2.44%, a 15 basis point year-over-year increase. Total loans reached $43.7 billion, alongside significant deposit growth of $444 million or 5% annualized. The company expects regulatory approval for its merger with Flagstar in early 2022. A quarterly dividend of $0.17 per share was declared, yielding 4.9% based on a closing price of $13.94 as of October 26, 2021.
New York Community Bancorp (NYSE: NYCB) announced its membership in the newly established Minority Depository Institution Innovation Committee. This initiative aims to enhance technological capabilities at minority depository institutions, which often face technology underinvestment. The Company joins 13 other banks, collaborating with the National Black Bank Foundation and JAM FINTOP. CEO Thomas Cangemi expressed optimism about the Committee's potential impact on underserved communities.
As of June 30, 2021, NYCB reported total assets of $57.5 billion and loans amounting to $43.6 billion.
New York Community Bancorp, Inc. (NYSE: NYCB) announced it will release its earnings for the three and nine months ended September 30, 2021, on October 27, 2021, at 7:00 a.m. ET. A conference call will follow at 8:30 a.m. ET, where company executives will discuss Q3 2021 performance. The call will be webcast and archived for later access. As of June 30, 2021, the company reported assets of $57.5 billion, loans of $43.6 billion, deposits of $34.2 billion, and stockholders' equity of $6.9 billion.
New York Community Bancorp (NYCB) announced a significant achievement in digital payments by facilitating blockchain-based trading for Figure Technologies, Inc. through its banking subsidiary. The Bank launched the USDForward (USDF) digital marker, enabling real-time secondary trading on Figure ATS, the first bank-driven solution on Provenance Blockchain. This initiative is viewed as a crucial step in NYCB's digital strategy and is expected to enhance the DeFi ecosystem. As of June 30, 2021, NYCB reported $57.5 billion in assets and significant growth from acquisitions.
New York Community Bancorp (NYSE: NYCB) has appointed Douglas Pagliaro as Senior Managing Director and Deputy Chief Digital and Banking as a Service Officer. With 28 years of banking experience, including expertise in digital and BaaS, Pagliaro aims to enhance the bank's deposit gathering and BaaS capabilities. Previously, he was with UMB Financial (NASDAQ: UMBF), where he implemented significant BaaS initiatives. The company is in the process of merging with Flagstar Bancorp and expects combined assets of $85 billion post-merger.
New York Community Bancorp, Inc. (NYSE: NYCB) declared a quarterly cash dividend of $15.94 per preferred share on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (NYSE: NYCB.PRA). This translates to $0.3984 for each depositary share, representing a 1/40th ownership interest in a share of the Series A preferred stock. The dividend will be payable on September 17, 2021, to shareholders on record as of September 7, 2021. As of June 30, 2021, the company reported assets of $57.5 billion and loans of $43.6 billion.
New York Community Bancorp (NYSE: NYCB) has partnered with Figure Technologies to explore blockchain initiatives aimed at modernizing banking operations. This collaboration will leverage Provenance Blockchain to support financial inclusion, simplify mortgage processes, and enhance payment systems. NYCB will invest directly in Figure and both companies will also contribute to the JAM FINTOP Blockchain fund. With $57.5 billion in assets, NYCB aims to integrate blockchain for operational efficiencies. This partnership aligns with NYCB’s strategic goal of harnessing technology to improve financial services.
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