Key TakeawaysNew 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) soar ...

Forward-Looking Information More information regarding some of these factors is provided in the Risk Factors section of our Annual Report on Form 10‐K for the year ended December 31, 2023, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023, June 30, 2023, and September 30, 2023 and in other Securities and Exchange Commission ("SEC") reports we file. Our forward‐looking statements may also be subject to other risks and uncertainties, including those we may discuss in this Amendment, during ...

Management sees a clear path back to profitability.Troubled New York Community Bancorp (NYCB 30.75%) lost more than analysts expected in the first quarter, but after its earnings report Wednesday morning, investors were more focused on management's upbeat commentary about what is to come. As of 11 a.m. ET, shares of the regional lender had leaped 34% higher.The path is clearingNew York Community has been making headlines for all the wrong reasons this year. The bank's shares plunged following a late-January ...

New York Community Bancorp (NYCB) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -92.31%. A quarter ago, it was expected that this bank holding company would post earnings of $0.29 per share when it actually produced a loss of $0.27, delivering a surprise of -193.10%.Over the last four q ...

A New York Community Bank stands in Brooklyn, New York City, on Feb. 8, 2024.New York Community Bank on Wednesday posted a quarterly loss of $335 million on a rising tide of soured commercial loans and higher expenses, but the lender's stock surged on its new performance targets.The first-quarter loss, equal to 45 cents per share, compared to net income of $2.0 billion, or $2.87 per share a year earlier. When adjusted for charges included merger-related items, the loss was $182 million, or 25 cents per shar ...

STRENGTHENED BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT TEAM INCREASED ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LEASES TO 1.48% COMPARED TO 1.17% LAST QUARTER DEPOSITS REMAIN RESILIENT POST CAPITAL RAISE ALONG WITH AMPLE LIQUIDITY WELL CAPITALIZED WITH CET1 RATIO OF 9.45%, OR 10.14% FULLY CONVERTED Hicksville, N.Y., May 1, 2024 – New York Community Bancorp, Inc. (NYSE: NYCB) ("the Company") today reported its results for the first quarter of 2024 and provided an update on its financial targets through 2026 ...

COMPANY TARGETS PEER LEVEL PROFITABILITY BY FOURTH QUARTER 2026 INCLUDING ROAA OF 1%, ROATCE OF 11% - 12%, AND A CET1 CAPITAL RATIO OF 11% - 12%SUCCESSFULLY RAISED OVER $1 BILLION IN EQUITY, BOLSTERING CAPITAL AND LIQUIDITY POSITION STRENGTHENED BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT TEAM INCREASED ALLOWANCE FOR CREDIT LOSSES ON LOANS AND LEASES TO 1.48% COMPARED TO 1.17% LAST QUARTERDEPOSITS REMAIN RESILIENT POST CAPITAL RAISE ALONG WITH AMPLE LIQUIDITYWELL CAPITALIZED WITH CET1 RATIO OF 9.45%, OR 10. ...

HICKSVILLE, N.Y., April 30, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that it plans to issue results for the three months ended March 31, 2024 at approximately 7:00 a.m. Eastern Time (ET) on Wednesday, May 1, 2024.  You will receive an earnings release and presentation, both of which will be posted to the Investor Relations portion of the Company's website, ir.myNYCB.com. Management apologizes for the late notification of the date of the Company's ear ...

HICKSVILLE, N.Y., April 26, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that Wednesday, June 5th, has been established as the new date of its 2024 Annual Meeting of Shareholders.The meeting will be held in a virtual format only, via live webcast, beginning at 10:00 a.m. Eastern Time. The date of record for voting at the Annual Meeting will be April 12, 2024. Shareholders of the Company as of the record date will be entitled to receive notice of, and vot ...

HICKSVILLE, N.Y., April 26, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that it has approved employment inducement awards to three individuals who have recently become executives of the Company. In connection with the appointments of (i) Craig Gifford as Senior Executive Vice President and Chief Financial Officer of the Company, (ii) Scott Shepherd as Senior Executive Vice President and Head of Commercial Real Estate Lending of the Company, and (iii) Ba ...