New York Community Bancorp, Inc.
NYCB-PA
New York Stock Exchange21.28
USD
-0.12
- -
CIK
0000910073
ISIN
US6494452021
CUSIP
649445202
Return %
Stock
S&P500
1Y
-8.63
26.53
3Y
-24.38
76.60
5Y
-21.85
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Joseph M. Otting
- Full Time Employees
- 8,766
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 102 Duffy Avenue Hicksville NY United States of America 11801
- IPO Date
- Mar 13, 2017
- CIK
- 0000910073
- Website
- mynycb.com
- Similar Companies
- Business
- New York Community Bancorp, Inc. operates as a bank holding company primarily engaged in providing multi-family loans on non-luxury rent-regulated residential properties, along with commercial real estate loans, specialty finance, and a comprehensive range of commercial and retail banking services. The company’s core lending portfolio focuses on multi-family residential properties in the New York City metropolitan area, complemented by an expanding commercial and industrial lending segment aimed at diversifying revenue streams. Additionally, it offers deposit accounts, wealth management, residential mortgage origination and servicing, and warehouse lending. The bank delivers these services through a broad network of branches and digital platforms, serving customers across multiple states, including New York and the regions where Flagstar operates. Founded in 1859 and headquartered in Westbury, New York, New York Community Bancorp maintains a leading position in multi-family lending and is actively growing its commercial and industrial loan portfolio toward a $30 billion target within the next three to five years. Significant recent developments include the completion of New York Community Bancorp’s acquisition of Flagstar Bancorp, Inc. in December 2022, establishing a larger and more diversified financial institution with approximately $88.4 billion in assets. This merger expanded the company’s geographic coverage and product offerings with Flagstar’s network of 395 branches across nine states, enhancing its residential mortgage origination and servicing capabilities and commercial banking platform. In October 2024, the company changed its corporate name to Flagstar Financial, Inc. and adopted the flag symbol "FLG" on the NYSE to reflect the integrated brand. Strategic initiatives also include the sale of approximately $5 billion in mortgage warehouse loans to JPMorgan Chase in 2024, reduction in commercial real estate exposures, workforce reductions aimed at operational efficiencies, and divestiture of non-core mortgage servicing and third-party origination businesses. The company has faced financial challenges including quarterly losses and postponed profitability targets to 2026 amid macroeconomic pressures, but continues to pursue a strategic transformation into a full-service regional bank with diversified lending and funding sources. New York Community Bancorp operates mainly in the banking and financial services industry, targeting individual, small business, commercial, and real estate clients with specialized lending products. Its subsidiary, Flagstar Bank, N.A., supports retail banking and mortgage services in multiple states. The company’s strategic focus on rent-regulated multi-family housing lending, complemented by expanding commercial and industrial loans, positions it uniquely in the markets it serves. The headquarters remains in Westbury, New York, reinforcing its longstanding community banking presence while the expanded footprint serves broader U.S. regions through Flagstar’s operations. This comprehensive product and service portfolio, along with recent major corporate changes and strategic growth initiatives, underscore New York Community Bancorp’s ongoing evolution towards a diversified financial institution with a robust commercial banking and mortgage lending platform.