New York Community Bancorp, Inc. (NYSE:NYCB) Q2 2021 Earnings Conference Call July 28, 2021 8:30 AM ET Company Participants Sal DiMartino – Director-Investor Relations Thomas Cangemi – Chairman, President and Chief Executive Officer Sandro DiNello – President and Chief Executive Officer of Flagstar Bank Lee Smith – President of Flagstar Mortgage John Pinto – Chief Financial Officer Conference Call Participants Steve Moss – B. Riley Securities Brock Vandervliet – UBS Dave Rochester – Compass Point Steven Ale ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-31565 NEW YORK COMMUNITY BANCORP, INC. (Exact name of registrant as specified in its charter) Delaware 06-1377322 (State or other jurisdiction o ...

Summary of New York Community Bancorp Inc. and Flagstar Bancorp Inc. Acquisition Conference Call Companies Involved - **New York Community Bancorp Inc. (NYCB)** - **Flagstar Bancorp Inc. (FBC)** Core Points and Arguments 1. **Acquisition Announcement**: NYCB announced the acquisition of Flagstar Bancorp, which is expected to enhance both companies' capabilities and market presence [4][11][20]. 2. **First Quarter Results**: NYCB reported a strong first quarter with earnings per share (EPS) of $0.29, exceeding consensus by $0.02. Key metrics included a 47% increase in pre-provision net revenue to $200 million and a net interest margin (NIM) of 2.48% [6][7][10]. 3. **Loan and Deposit Growth**: NYCB saw a $242 million increase in loans (2% annualized) and a 22% rise in deposits ($1.8 billion) during the quarter, with a significant portion being noninterest-bearing [8][9]. 4. **Asset Quality**: Both companies maintained strong asset quality metrics, with net recoveries recorded and a high percentage of loans returning to payment status [10][30]. 5. **Strategic Priorities**: The merger aims to diversify revenue streams, improve funding profiles, and accelerate the transition to a commercial banking model. The combined entity will have a larger platform and enhanced product offerings [11][17][19]. 6. **Financial Projections**: The transaction is expected to be immediately accretive to tangible book value and EPS, with projected annual capital generation of $500 million post-transaction [18][23]. 7. **Transaction Structure**: The deal is structured as a tax-free 100% stock transaction with a fixed exchange ratio of 4.0151 NYCB shares for each Flagstar share, valued at 6.4x 2022 consensus EPS estimates [20][23]. 8. **Management Integration**: The new company will have a board of 12 directors, with 8 from NYCB and 4 from Flagstar. Key executives from both companies will lead the integration [21][22]. 9. **Market Positioning**: The combined company will have $87 billion in assets and nearly 400 branches across 9 states, enhancing its competitive position in the market [24][25]. 10. **Revenue Diversification**: The merger is expected to shift revenue sources, with NYCB's fee income projected to increase significantly, while Flagstar's mortgage revenue will continue to be a strong contributor [28][30]. Other Important but Potentially Overlooked Content 1. **Cost Savings**: Estimated cost savings from the merger are projected at $125 million, with conservative assumptions regarding integration and operational efficiencies [23][41]. 2. **Regulatory Process**: The transaction has undergone thorough regulatory vetting, and both companies are confident in moving forward [64][65]. 3. **Future Growth Opportunities**: The combined entity is expected to explore new markets and expand its lending capabilities beyond the New York City area, leveraging Flagstar's existing operations [76][77]. 4. **Interest Rate Sensitivity**: The merger will shift the combined company's interest rate sensitivity from liability-sensitive to asset-sensitive, positioning it favorably for future interest rate increases [19][70]. 5. **Technology Investments**: The larger organization will have the capacity to invest in technology, enhancing customer service and operational efficiency [33][70]. This summary encapsulates the key points discussed during the conference call regarding the acquisition of Flagstar Bancorp by New York Community Bancorp, highlighting the strategic, financial, and operational implications of the merger.

1st Quarter 2021 Flagstar Bancorp, Inc. (NYSE: FBC) 1 Earnings Presentation 1st Quarter 2021 April 26, 2021 Cautionary statements 1st Quarter 2021 This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are based on management's current expectations and assumptions regarding the Company's business and performance, the economy and other future conditions, and forecasts of future events, circumst ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-31565 NEW YORK COMMUNITY BANCORP, INC. (Exact name of registrant as specified in its charter) Delaware 06-1377322 (State or other jurisdiction of in ...

New York Community Bancorp, Inc. (NYSE:NYCB) Q4 2020 Earnings Conference Call January 27, 2021 8:30 AM ET Company Participants Sal DiMartino - Director, IR Thomas Cangemi - President & CEO John Pinto - CFO Robert Wann - COO Conference Call Participants Ebrahim Poonawala - Bank of America Securities Mark Fitzgibbon - Piper Sandler Chris McGratty - KBW Brock Vandervliet - UBS Steven Alexopoulos - J.P. Morgan Steve Moss - B. Riley Securities Ken Zerbe - Morgan Stanley Dave Rochester - Compass Point Peter Winte ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-31565 NEW YORK COMMUNITY BANCORP, INC. (Exact name of registrant as specified in its charter) Delaware 06-1377322 (State or other jurisdicti ...

Third Quarter 2020 Investor Presentation Cautionary Statements Forward-Looking Information This presentation may include forward‐looking statements by the Company and our authorized officers pertaining to such matters as our goals, intentions, and expectations regarding revenues, earnings, loan production, asset quality, capital levels, and acquisitions, among other matters; our estimates of future costs and benefits of the actions we may take; our assessments of probable losses on loans; our assessments of ...

Financial Data and Key Metrics Changes - The company reported diluted earnings per common share of $0.23 for Q3 2020, representing a 21% increase year-over-year and a 10% increase sequentially [8] - Net interest income rose 6% to $282 million compared to Q2 and was up 19% compared to Q3 2019 [17] - The provision for credit losses decreased to $13 million from $18 million in the prior quarter and $21 million in Q1 2020 [28] - Total non-interest expenses were $129 million, up 4% compared to both the previous and year-ago quarters [19] Business Line Data and Key Metrics Changes - Total loans increased to $42.8 billion, up $523 million or 5% annualized compared to Q2, driven by growth in the multi-family portfolio [21] - The multi-family loan portfolio grew by $504 million or 6% annualized compared to Q2, attributed to increased refinancing activity and market share gains [22][23] - Specialty finance loans and leases increased by $138 million compared to Q2, with a year-to-date growth of $438 million [23] Market Data and Key Metrics Changes - As of October 22, deferrals represented 7.3% of total loans, down from 14.4% as of June 30, 2020 [13] - The company experienced a significant decline in loans on deferral, with 95% of $3.1 billion of eligible loans returning to payment status [12] - Rent collections in the non-luxury rent-regulated multi-family segment returned to pre-pandemic levels, with vacancy rates below 3% [27] Company Strategy and Development Direction - The company aims to continue double-digit margin expansion, driven by a substantial decline in funding costs [15][50] - The focus remains on conservative underwriting guidelines and proactive borrower outreach to manage credit risk effectively [13][39] - The company is optimistic about future loan performance and expects to maintain strong asset quality metrics [54] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of loan deferrals and the overall strength of the loan portfolio, anticipating continued positive trends [40][44] - The company acknowledged the challenges posed by the New York City economy but remains optimistic about the multi-family sector's resilience [41][48] - Management indicated that the provision for credit losses would likely remain low if the macroeconomic environment continues to improve [43] Other Important Information - The Board of Directors declared a $0.17 cash dividend per common share, translating to an annualized dividend yield of 8.2% [31] - The company is focused on maintaining operational efficiency, with total expenses expected to be around $507 million for 2020, lower than initial projections [81][100] Q&A Session Summary Question: What is the outlook for the remaining $3 billion in deferrals? - Management reported that 97% of the initial $3 billion in deferrals have been paid, with optimism about future collections and no anticipated second round of deferrals [37][40] Question: How is the company addressing concerns about the New York City economy? - Management acknowledged the challenges but emphasized strong performance in the multi-family sector and low loan-to-value ratios, indicating confidence in refinancing capabilities [41][62] Question: What is the margin outlook for Q4 and beyond? - Management expects continued double-digit margin expansion in Q4, driven by lower funding costs and stable loan yields [50][53] Question: Can you provide details on the company's office exposure? - Management highlighted that office exposure remains a concern, with $800 million in deferrals, but expressed confidence in the ability to manage these loans effectively [112][114] Question: What are the expectations for specialty finance growth? - Management is optimistic about continued growth in the specialty finance portfolio, particularly in auto lending, with zero loans on deferral [75][78]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-31565 NEW YORK COMMUNITY BANCORP, INC. (Exact name of registrant as specified in its charter) Delaware 06-1377322 (State or other jurisdiction of ...