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) and Flagstar Bancorp (NYSE: FBC) have jointly extended their merger agreement to October 31, 2022. The amended agreement will see the combined entity operate under a national bank charter, which is deemed suitable for the merged company's banking operations, taking into account Flagstar's established national mortgage business. Regulatory approvals required for the merger include authorizations from the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC).
New York Community Bancorp (NYSE: NYCB) announced that New York Community Bank has been recognized as the top retail bank in the New York tri-state region for overall customer satisfaction according to the J.D. Power 2022 U.S. Retail Banking Satisfaction Study. The bank received a score 42 points above the regional average, reflecting its commitment to customer service during challenging times. The study involved responses from over 101,000 banking customers, assessing satisfaction across various factors, including trust and digital channels. The bank's assets reached $59.5 billion as of December 31, 2021.
New York Community Bancorp, Inc. (NYSE: NYCB) will release its first-quarter earnings on April 27, 2022, at 7:00 a.m. ET. The details will be available on the Investor Relations section of their website. A conference call featuring CEO Thomas R. Cangemi and CFO John Pinto will follow at 8:30 a.m. ET the same day, discussing the company's performance. The call will be accessible via webcast and archived until May 25, 2022. The company reported $59.5 billion in assets and $45.7 billion in loans as of December 31, 2021.
TransPerfect announced the launch of New York Community Bancorp's (NYCB) new Spanish websites for its banking services. This initiative aims to cater to the increasing needs of Spanish-speaking customers across NYCB's operations in five states. Utilizing TransPerfect's GlobalLink OneLink® solution, the bank enhances customer service while minimizing IT demands. NYCB's strategic focus on community engagement through superior service for Spanish speakers reflects its commitment to growth. As of December 31, 2021, NYCB reported assets of $59.5 billion and loans amounting to $45.7 billion.
On March 11, 2022, New York Community Bancorp (NYSE: NYCB) announced that its My Community SimplyOne Checking account has been certified by the CFE Fund, meeting Bank On National Account Standards for 2021-2022. This account aims to enhance financial inclusion by offering low-cost features without overdraft fees. Key benefits include a $5 monthly fee, low minimum deposit, and access to online and mobile banking. Additionally, NYCB has launched a Spanish version of its websites to serve its Latino customer base, improving accessibility to its financial services.
New York Community Bancorp, Inc. (NYSE: NYCB) appointed Marshall Lux to its Board of Directors and the Audit and Risk Assessment Committees, effective immediately. With nearly 40 years in financial services, Lux's career includes roles at McKinsey & Co. and JP Morgan, where he managed consumer bank risk strategies. He holds a wealth of experience in compliance and governance, which is expected to enhance the bank's strategic commitments to customers and shareholders. NYCB reported assets of $59.5 billion and loans of $45.7 billion as of December 31, 2021.
New York Community Bancorp (NYSE: NYCB) has announced its 2022 Annual Meeting of Shareholders will take place virtually on June 1, 2022, at 10:00 a.m. ET. Shareholders of record by April 5, 2022, will receive proxy materials by around April 22, 2022. The company, headquartered in Hicksville, NY, specializes in multi-family loans, with reported assets of $59.5 billion and stockholders' equity of $7.0 billion as of December 31, 2021. Detailed information regarding the meeting will be included in the Proxy Statement and available online.
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-PA). This translates to $0.3984 for each depositary share, with a pay date set for March 17, 2022, to shareholders of record as of March 7, 2022. As of December 31, 2021, NYCB reported assets of $59.5 billion, loans of $45.7 billion, and deposits totaling $35.1 billion.
New York Community Bancorp (NYSE: NYCB) announced the passing of board member John M. Tsimbinos on February 16, 2022. Tsimbinos, a respected figure who joined the company in 2003, contributed significantly to its growth and served in various leadership roles, including Chairman of Roslyn Bancorp prior to its merger. CEO Thomas R. Cangemi expressed deep sorrow at his loss, highlighting Tsimbinos's extensive experience and dedication to the banking community and civic organizations. The company’s assets were reported at $59.5 billion as of December 31, 2021.
New York Community Bancorp (NYSE: NYCB) reported strong Q4 and full-year 2021 results, with GAAP diluted EPS at $0.30 and net income of $142 million, impacted by a prior year's tax benefit. Non-GAAP diluted EPS rose to $0.31, up 15% YoY. Full-year net income available to common stockholders was $563 million, an 18% increase. Total loans increased to $45.7 billion, driven by strong multi-family and specialty finance growth. The company declared a quarterly cash dividend of $0.17 per share, reflecting a 5.6% yield.
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