Key Takeaways NYCB shares jumped nearly 6% in premarket trading Wednesday morning after the embattled bank said it has agreed to sell $5 billion of mortgage warehouse loans to JPMorgan Chase. The bank anticipates the deal will add 65 basis points to its common equity tier 1 capital ratio and boost its liquidity profile as the proceeds of the transaction will be reinvested into cash and securities. NYCB shares may run into selling pressure near the March 2023 swing low around $5.80 but could retest recent lo ...

TRANSACTION WILL INCREASE CET1 CAPITAL RATIO TO 10.8% ON A PROFORMA BASIS AND FURTHER BOLSTER LIQUIDITY LOAN-TO-DEPOSIT RATIO IMPROVES TO 104% HICKSVILLE, N.Y., May 14, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company"), the parent company of Flagstar Bank, N.A. (the "Bank") announced today that it has agreed to sell approximately $5 billion in mortgage warehouse loans to JPMorgan Chase Bank, N.A. ("JPMC"). Upon closing, the Company expects that the transaction will add 65 ba ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-16577 NEW YORK COMMUNITY BANCORP, INC. (Exact name of registrant as specified in its charter) Delaware 06-1377322 (State or other jurisdiction of incorporation o ...

New York Community Bancorp, Inc. (NYCB) is aiming to diversify its loan portfolio. Loan portfolio repricing will drive net interest income (NII) growth, while cross-selling opportunities will aid fee income. Yet, commercial real estate (CRE) loan exposure is concerning, and unexpected losses on its New York office and multi-family property could create headwinds. The bank has a strong balance sheet. Deposits saw a four-year (2019-2023) compound annual growth rate (CAGR) of 26%, while net loans witnessed a C ...

New York Community Bancorp, Inc.'s (NYCB) Long-Term Issuer Default Ratings (IDRs) were recently downgraded to BB from BB+ by Fitch Ratings. Nonetheless, the rating outlook remains stable. The primary reasons behind the downgrade were NYCB's weak earnings and profitability, along with execution risk associated with its restructuring plan. Principal Factors Driving the Downgrade Declining Profitability: The rating downgrade comes after the release of its first-quarter earnings. Results showed a significant ri ...

New York Community Bancorp got the cash infusion it needed to enact a turnaround, but it will be a years-long process. Don't wait. To simplify the story, New York Community Bancorp (NYCB 3.40%) got too big, too fast just as interest rate increases made operating a bank more complicated. It ended up needing a huge cash infusion, and it massively reduced its dividend to just a penny per share per quarter, all in support of a broader turnaround effort. Now that it offers little in the way of dividend income an ...

Spencer Platt In February, I covered the chaos at New York Community Bancorp, Inc. (NYSE:NYCB) after key risk and audit executives resigned, the bank reported a Q4 loss, and Moody's downgraded its credit. Fortunately for NYCB, an investor group led by former US Treasury Secretary Steve Mnuchin stepped in with a $1 billion rescue package in March, giving the group roughly 40% control of the bank and a new CEO. Since then, the new management has begun a cleanup operation to diversify and return the bank to pr ...

New York Community Bancorp (NYCB) reported the first-quarter 2024 loss of 25 cents per share compared with the Zacks Consensus Estimate of a loss of 13 cents. It reported earnings of 23 cents in the year-ago quarter. The results were primarily affected by a significant rise in provisions for credit losses and expenses. A fall in non-interest income and lower deposit balance were additional concerns. However, substantial growth in net interest income (NII) acted as a tailwind. The net loss to common stockhol ...

Key Takeaways New York Community Bancorp (NYCB) shares soared 28% Wednesday after the bank laid out a plan to return to profitability, even as it reported a wider-than-expected loss for the first quarter. NYCB has struggled after posting an unexpected loss earlier this year as its loans in the commercial real estate and multifamily property space were revealed to be in danger. Jefferies analysts said the first-quarter results were "better than worst-case fears." Shares of New York Community Bancorp (NYCB) s ...

财务数据和关键指标变化 - 公司在2024年第一季度录得净亏损3.35亿美元,主要由于计提3.15亿美元的贷款损失准备金 [61] - 公司在2024年第一季度的基本经营利润为小幅盈利,剔除一次性因素影响后 [62] - 公司的CET1资本充足率在资本注入后达到10.1% [8] - 公司的拨备覆盖率为1.58%,其中办公楼贷款的拨备覆盖率为10.3%,多户家庭贷款的拨备覆盖率为1.3% [43][44][45] 各条业务线数据和关键指标变化 - 公司的办公楼贷款规模为30亿美元,已对其中75%进行了深入审查 [44][45] - 公司的多户家庭贷款规模为369亿美元,已对其中36%进行了深入审查 [49][50] - 公司的其他商业房地产贷款规模为74亿美元,已对其中25%进行了深入审查 [52] 各个市场数据和关键指标变化 - 公司的存款中41%为活期存款和低成本存款,84%为有保险的存款 [54][55][59] - 公司的流动性充足,现金资产超过无保险存款的2倍 [59] 公司战略和发展方向及行业竞争 - 公司未来3年的目标是实现资产收益率1%、权益收益率11-12%、CET1资本充足率11-12% [22] - 公司将通过贷款重定价、问题贷款处置、中型企业银行业务拓展、系统整合、成本控制等措施来提升盈利能力 [25][26][27][29][30] - 公司未来3-5年将把商业房地产贷款规模降至300亿美元左右,同时大幅增加中型企业贷款业务 [27][28] 管理层对经营环境和未来前景的评论 - 管理层认为公司目前的估值存在较大上升空间,相比同类区域银行仍有较大折价 [67][68] - 管理层对公司未来的转型计划充满信心,并表示将全力以赴执行 [65][68][69] - 管理层认为公司目前的风险管理体系和信贷管理流程需要进一步完善,正在采取措施加以改善 [248][249][250][251] 问答环节重要的提问和回答 问题1 **Ebrahim Poonawala 提问** 询问公司如何在当前高利率环境下发展核心存款业务,以及近期是否出现人才流失的情况 [79][80] **Joseph Otting 回答** 公司将通过发展中型企业银行业务、提升零售银行服务等措施来吸引核心存款,同时正在采取措施应对部分Signature Bank团队的离职,目前存款流失情况可控 [81][82][83][84][85][86][87][88][89][90][91][92][93] 问题2 **Dave Rochester 提问** 询问公司Signature Bank团队离职后的存款情况 [103][104] **Joseph Otting 和 Craig Gifford 回答** 公司目前仍有100个Signature Bank团队留在公司,存款流失情况可控,主要存款为活期存款而非定期存款 [105][106][107][108][109] 问题3 **Mark Fitzgibbon 提问** 询问公司是否考虑通过FDIC交易进行并购扩张 [116][117] **Joseph Otting 回答** 公司当前首要任务是完善内部的风险管理体系和信贷管理流程,暂无并购计划,未来会根据进展情况再做考虑 [117][118][119][120]