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New York Community Bancorp

NYSE:NYCB
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NYCB
NYSE
$5B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

New York Community Bancorp, Inc. operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The last earnings update was 19 days ago. More info.


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NYCB Share Price and Events
7 Day Returns
-3.5%
NYSE:NYCB
0.2%
US Mortgage
1.2%
US Market
1 Year Returns
-17.7%
NYSE:NYCB
-5.4%
US Mortgage
3%
US Market
NYCB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
New York Community Bancorp (NYCB) -3.5% -3.8% 29.6% -17.7% -26.5% -27.4%
US Mortgage 0.2% -1.1% 18.9% -5.4% 31.8% 32.4%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • NYCB underperformed the Mortgage industry which returned -5.4% over the past year.
  • NYCB underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
NYCB
Industry
5yr Volatility vs Market

NYCB Value

 Is New York Community Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of New York Community Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for New York Community Bancorp.

NYSE:NYCB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 10 analysts.
= Stable Book Value * Return on Equity
= $13.46 * 6.5%
$0.87
Book Value of Equity per Share Weighted future Book Value estimates from 12 analysts. $13.46
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:NYCB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.887 (1 + (1- 21%) (262.31%))
2.156
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for NYSE:NYCB using Excess Returns Model Model

The calculations below outline how an intrinsic value for New York Community Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:NYCB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.5% – 14.65%) * $13.46)
$-1.10
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-1.10 / (14.65% - 2.73%)
$-9.25
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $13.46 + $-9.25
$4.22
NYSE:NYCB Discount to Share Price
Calculation Result
Value per share (USD) From above. $4.22
Current discount Discount to share price of $11.59
= -1 x ($11.59 - $4.22) / $4.22
-174.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of New York Community Bancorp is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for New York Community Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are New York Community Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:NYCB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.79
NYSE:NYCB Share Price ** NYSE (2019-03-20) in USD $11.59
United States of America Mortgage Industry PE Ratio Median Figure of 135 Publicly-Listed Mortgage Companies 15.05x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of New York Community Bancorp.

NYSE:NYCB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:NYCB Share Price ÷ EPS (both in USD)

= 11.59 ÷ 0.79

14.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • New York Community Bancorp is good value based on earnings compared to the US Mortgage industry average.
  • New York Community Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does New York Community Bancorp's expected growth come at a high price?
Raw Data
NYSE:NYCB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
4.8%per year
United States of America Mortgage Industry PEG Ratio Median Figure of 50 Publicly-Listed Mortgage Companies 1.15x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NYSE:NYCB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.68x ÷ 4.8%

3.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • New York Community Bancorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on New York Community Bancorp's assets?
Raw Data
NYSE:NYCB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $12.99
NYSE:NYCB Share Price * NYSE (2019-03-20) in USD $11.59
United States of America Mortgage Industry PB Ratio Median Figure of 145 Publicly-Listed Mortgage Companies 1.14x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NYSE:NYCB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:NYCB Share Price ÷ Book Value per Share (both in USD)

= 11.59 ÷ 12.99

0.89x

* Primary Listing of New York Community Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • New York Community Bancorp is good value based on assets compared to the US Mortgage industry average.
X
Value checks
We assess New York Community Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. New York Community Bancorp has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

NYCB Future Performance

 How is New York Community Bancorp expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is New York Community Bancorp expected to grow at an attractive rate?
  • New York Community Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • New York Community Bancorp's earnings growth is positive but not above the United States of America market average.
  • New York Community Bancorp's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:NYCB Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:NYCB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 4.8%
NYSE:NYCB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 2.3%
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 7.5%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:NYCB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:NYCB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,238 473 2
2020-12-31 1,130 411 11
2019-12-31 1,085 381 11
NYSE:NYCB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,104 540 385
2018-09-30 1,130 232 420
2018-06-30 1,200 1,137 424
2018-03-31 1,262 1,105 432
2017-12-31 1,310 1,327 438
2017-09-30 1,361 1,675 424
2017-06-30 1,379 1,004 447
2017-03-31 1,397 814 466
2016-12-31 1,429 756 492
2016-09-30 701 -298 -27
2016-06-30 668 -309 -37
2016-03-31 652 -185 -40

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • New York Community Bancorp's earnings are expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
  • New York Community Bancorp's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:NYCB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from New York Community Bancorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:NYCB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.10 1.10 1.10 1.00
2020-12-31 0.88 0.94 0.82 14.00
2019-12-31 0.81 0.85 0.76 14.00
NYSE:NYCB Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.79
2018-09-30 0.86
2018-06-30 0.87
2018-03-31 0.89
2017-12-31 0.90
2017-09-30 0.87
2017-06-30 0.92
2017-03-31 0.96
2016-12-31 1.01
2016-09-30 -0.06
2016-06-30 -0.08
2016-03-31 -0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • New York Community Bancorp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess New York Community Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
New York Community Bancorp has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

NYCB Past Performance

  How has New York Community Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare New York Community Bancorp's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • New York Community Bancorp's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • New York Community Bancorp's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • New York Community Bancorp's 1-year earnings growth is negative, it can't be compared to the US Mortgage industry average.
Earnings and Revenue History
New York Community Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from New York Community Bancorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:NYCB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,104.30 384.72 546.63
2018-09-30 1,130.15 419.59 560.17
2018-06-30 1,199.61 423.68 587.94
2018-03-31 1,262.13 432.33 613.54
2017-12-31 1,309.64 438.03 641.22
2017-09-30 1,360.63 423.62 656.47
2017-06-30 1,379.02 446.51 653.19
2017-03-31 1,396.59 465.81 648.51
2016-12-31 1,428.77 491.61 638.11
2016-09-30 700.55 -26.83 638.11
2016-06-30 667.51 -37.31 625.21
2016-03-31 652.13 -39.97 616.74
2015-12-31 633.84 -50.51 615.60
2015-09-30 1,372.05 485.33 598.10
2015-06-30 1,380.28 490.88 595.25
2015-03-31 1,369.51 485.90 590.42
2014-12-31 1,360.53 481.97 579.17
2014-09-30 1,345.14 471.10 573.34
2014-06-30 1,341.36 465.17 570.38
2014-03-31 1,349.48 469.53 584.11
2013-12-31 1,354.69 472.54 585.78
2013-09-30 1,361.81 474.84 595.21
2013-06-30 1,385.11 488.95 603.47
2013-03-31 1,402.51 496.70 594.49
2012-12-31 1,396.70 496.40 593.83
2012-09-30 1,377.91 491.48 584.93
2012-06-30 1,359.16 482.73 580.69
2012-03-31 1,325.05 471.30 578.08

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • New York Community Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • New York Community Bancorp used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.
  • Unable to establish if New York Community Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess New York Community Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
New York Community Bancorp has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

NYCB Health

 How is New York Community Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of New York Community Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from New York Community Bancorp Company Filings, last reported 2 months ago.

NYSE:NYCB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6,655.24 14,207.87 628.46
2018-09-30 6,794.02 13,840.42 1,731.75
2018-06-30 6,789.35 13,793.84 2,204.40
2018-03-31 6,780.72 13,343.76 2,680.77
2017-12-31 6,795.38 12,913.68 1,764.77
2017-09-30 6,759.65 12,363.82 3,278.02
2017-06-30 6,734.78 12,367.74 1,132.22
2017-03-31 6,647.35 13,219.84 988.91
2016-12-31 6,123.99 13,673.38 398.31
2016-09-30 6,090.51 14,002.02 783.39
2016-06-30 6,039.11 13,909.23 697.02
2016-03-31 5,984.80 13,346.27 666.99
2015-12-31 5,934.70 15,748.74 384.09
2015-09-30 5,826.84 14,724.45 595.03
2015-06-30 5,814.62 14,019.08 602.47
2015-03-31 5,794.80 13,272.65 599.11
2014-12-31 5,781.82 14,227.00 442.93
2014-09-30 5,778.00 14,400.42 666.02
2014-06-30 5,761.02 15,307.39 677.97
2014-03-31 5,742.65 14,827.67 676.00
2013-12-31 5,735.66 15,105.39 512.68
2013-09-30 5,697.05 14,567.67 1,263.60
2013-06-30 5,688.46 12,998.95 1,335.78
2013-03-31 5,665.61 13,179.55 2,069.53
2012-12-31 5,656.26 13,433.57 2,318.52
2012-09-30 5,642.47 13,648.16 2,600.78
2012-06-30 5,611.52 12,608.27 3,194.45
2012-03-31 5,579.94 14,278.57 2,371.80
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • New York Community Bancorp has an acceptable proportion of non-loan assets held.
  • New York Community Bancorp's liabilities are made up of primarily low risk sources of funding.
  • New York Community Bancorp has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • New York Community Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • New York Community Bancorp has a sufficient allowance for bad loans.
  • New York Community Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess New York Community Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. New York Community Bancorp has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

NYCB Dividends

 What is New York Community Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.87%
Current annual income from New York Community Bancorp dividends. Estimated to be 5.87% next year.
If you bought $2,000 of New York Community Bancorp shares you are expected to receive $117 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • New York Community Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • New York Community Bancorp's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:NYCB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 99 Stocks 3.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:NYCB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.68 2.00
2020-12-31 0.68 15.00
2019-12-31 0.68 15.00
NYSE:NYCB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-01 0.680 5.565
2019-01-30 0.680 5.634
2018-07-25 0.680 6.695
2018-01-31 0.680 5.466
2017-11-09 0.680 5.130
2017-10-25 0.680 5.460
2017-08-09 0.680 5.474
2017-07-26 0.680 5.283
2017-05-10 0.680 5.202
2017-04-26 0.680 5.144
2017-03-01 0.680 4.844
2017-01-25 0.680 4.489
2016-07-27 0.680 4.529
2016-05-10 0.680 4.524
2016-04-20 0.680 4.536
2016-02-29 0.680 4.356
2016-01-27 0.680 4.435
2015-11-09 1.000 6.284
2015-10-21 1.000 5.800
2015-04-29 1.000 5.546
2015-01-26 1.000 6.039
2014-07-23 1.000 6.338
2014-04-30 1.000 6.413
2014-01-29 1.000 6.287
2013-10-23 1.000 6.059
2013-07-24 1.000 6.570
2013-04-24 1.000 7.273
2013-01-30 1.000 7.321
2012-10-24 1.000 7.615
2012-07-25 1.000 7.329
2012-04-18 1.000 7.941
2012-01-25 1.000 7.614
2011-10-19 1.000 8.075
2011-07-21 1.000 7.956
2011-04-19 1.000 6.338
2011-01-26 1.000 5.596
2010-10-27 1.000 5.633
2010-04-21 1.000 6.144
2010-01-27 1.000 6.197
2009-10-28 1.000 7.818
2009-04-29 1.000 9.157
2009-03-23 1.000 8.811

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of New York Community Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess New York Community Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can New York Community Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. New York Community Bancorp has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NYCB Management

 What is the CEO of New York Community Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joseph Ficalora
COMPENSATION $7,671,742
AGE 71
TENURE AS CEO 25.7 years
CEO Bio

Mr. Joseph R. Ficalora is the President and Chief Executive Officer and a Director of New York Community Bancorp Inc. (the “Company”) and New York Community Bank (the “Bank”). Mr. Ficalora has been a Director at Federal Home Loan Bank of New York since January 1, 2018. He currently serves as a member of the American Bankers Council of the American Bankers Association, and is a director of the New York Bankers Association, also serving as Chairman of its Metropolitan Area Division. Mr. Ficalora also serves on the Boards of Directors of Pentegra Retirement Trust and Peter B. Cannell & Co., Inc., an investment advisory firm. In addition, he is a member of the Board of Pentegra Services, Inc. Mr. Ficalora also is an active participant in community affairs. A member of the Board of Directors of the Queens Chamber of Commerce since 1990. In addition, he serves on the Boards of Directors of the Foreign Policy Association and Flushing Cemetery, the Board of Trustees of the New York Hall of Science, the Board of Trustees of the Museum of the Moving Image, and the Advisory Council of the Queens Museum of Art. He is the former Vice Chairman of the Federal Home Loan Bank of New York, a former member of the Board of Directors of the American Bankers Association, the Thrift Institutions Advisory Council of the Federal Reserve Board in Washington, and the Federal Reserve Bank of New York Thrift Institutions Advisory Panel. He is also the former Chairman of the New York State Savings Forum for Operations Audit Control, the former Chairman of CBANYS’ Auditors and Comptrollers Forum, the former Chairman of the SBLI Fund, and past President of the MSB Fund. In addition, he has previously served as President of the Queens Library Foundation and as Chairman of the Board of the Queens Borough Public Library. He graduated from Pace University with a degree in business and finance.

CEO Compensation
  • Joseph's compensation has been consistent with company performance over the past year.
  • Joseph's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the New York Community Bancorp management team in years:

13.9
Average Tenure
56.5
Average Age
  • The average tenure for the New York Community Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Joseph Ficalora

TITLE
President
COMPENSATION
$8M
AGE
71
TENURE
25.7 yrs

Thomas Cangemi

TITLE
Senior EVP & CFO
COMPENSATION
$3M
AGE
49
TENURE
13.9 yrs

Robert Wann

TITLE
Senior EVP
COMPENSATION
$4M
AGE
63
TENURE
15.4 yrs

John Pinto

TITLE
Executive VP & Chief Accounting Officer
COMPENSATION
$2M
AGE
47
TENURE
13.9 yrs

James Carpenter

TITLE
Chief Lending Officer & Senior EVP
COMPENSATION
$2M
AGE
57
TENURE
13.2 yrs

Robert Brown

TITLE
Chief Information Officer

Cynthia Flynn

TITLE
Chief Administrative Officer

Salvatore DiMartino

TITLE
First Senior VP and Director of Investor Relations & Strategic Planning

Eric Kracov

TITLE
Chief Human Resources Officer

R. Quinn

TITLE
Chief Corporate Governance Officer
AGE
56
TENURE
13.3 yrs
Board of Directors Tenure

Average tenure and age of the New York Community Bancorp board of directors in years:

11.6
Average Tenure
72
Average Age
  • The average tenure for the New York Community Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Dominick Ciampa

TITLE
Chairman of the Board
COMPENSATION
$698K
AGE
84
TENURE
8.2 yrs

Joseph Ficalora

TITLE
President
COMPENSATION
$8M
AGE
71
TENURE
25.7 yrs

Robert Wann

TITLE
Senior EVP
COMPENSATION
$4M
AGE
63
TENURE
11.2 yrs

Michael Levine

TITLE
Lead Director
COMPENSATION
$621K
AGE
73
TENURE
15.2 yrs

Wally Dahya

TITLE
Director
COMPENSATION
$411K
AGE
62
TENURE
12 yrs

Lawrence Savarese

TITLE
Director
COMPENSATION
$522K
AGE
61
TENURE
6 yrs

James O'Donovan

TITLE
Director
COMPENSATION
$234K
AGE
75
TENURE
15.8 yrs

John Tsimbinos

TITLE
Director
COMPENSATION
$285K
AGE
80
TENURE
20.2 yrs

Ron Rosenfeld

TITLE
Director
COMPENSATION
$171K
AGE
79
TENURE
7.2 yrs

Lawrence Rosano

TITLE
Director
COMPENSATION
$276K
AGE
65
TENURE
4.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess New York Community Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. New York Community Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

NYCB News

Simply Wall St News

Is New York Community Bancorp, Inc.'s (NYSE:NYCB) High P/E Ratio A Problem For Investors?

To keep it practical, we'll show how New York Community Bancorp, Inc.'s (NYSE:NYCB) P/E ratio could help you assess the value on offer. … New York Community Bancorp has a P/E ratio of 15.15, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Kind Of Investor Owns Most Of New York Community Bancorp, Inc. (NYSE:NYCB)?

A look at the shareholders of New York Community Bancorp, Inc. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … New York Community Bancorp has a market capitalization of US$6.0b, so it's too big to fly under the radar.

Simply Wall St -

Is Now The Time To Look At Buying New York Community Bancorp, Inc. (NYSE:NYCB)?

New York Community Bancorp, Inc. … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Today I will analyse the most recent data on New York Community Bancorp’s outlook and valuation to see if the opportunity still exists.

Simply Wall St -

Only 4 Days Left To Cash In On New York Community Bancorp, Inc. (NYSE:NYCB) Dividend

Have you been keeping an eye on New York Community Bancorp, Inc.'s (NYSE:NYCB) upcoming dividend of US$0.17 per share payable on the 26 February 2019? … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into New York Community Bancorp's latest financial data to analyse its dividend attributes. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:?

Simply Wall St -

Is New York Community Bancorp, Inc.'s (NYSE:NYCB) CEO Being Overpaid?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … View our latest analysis for New York Community Bancorp? … How Does Joseph Ficalora's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Do You Know What New York Community Bancorp Inc's (NYSE:NYCB) P/E Ratio Means?

We'll show how you can use New York Community Bancorp Inc's (NYSE:NYCB) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, New York Community Bancorp's P/E ratio is 11.5. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

How Should Investors Feel About New York Community Bancorp Inc's (NYSE:NYCB) CEO Pay?

At the time of writing our data says that New York Community Bancorp Inc has a market cap of US$4.6b, and is paying total annual CEO compensation of US$8m. … We examined companies with market caps from US$2.0b to US$6.4b, and discovered that the median CEO compensation of that group was US$5m. … Thus we can conclude that Joseph Ficalora receives more in total compensation than the median of a group of companies in the same market, and of similar size to New York Community Bancorp Inc

Simply Wall St -

What To Know Before Buying New York Community Bancorp Inc (NYSE:NYCB) For Its Dividend

Historically, New York Community Bancorp Inc (NYSE:NYCB) has paid dividends to shareholders, and these days it yields 6.3%. … Let's dig deeper into whether New York Community Bancorp should have a place in your portfolio. … Check out our latest analysis for New York Community Bancorp

Simply Wall St -

New York Community Bancorp Inc (NYSE:NYCB): Ex-Dividend Is In 2 Days, Should You Buy?

Investors who want to cash in on New York Community Bancorp Inc's (NYSE:NYCB) upcoming dividend of US$0.17 per share have only 2 days left to buy the shares before its ex-dividend date, 06 August 2018, in time for dividends payable on the 21 August 2018. … Should you diversify into New York Community Bancorp and boost your portfolio income stream? … Is its earnings sufficient to payout dividend at the current rate

Simply Wall St -

Should You Be Tempted To Buy New York Community Bancorp Inc (NYSE:NYCB) Because Of Its PE Ratio?

New York Community Bancorp Inc (NYSE:NYCB) is currently trading at a trailing P/E of 12.9x, which is lower than the industry average of 21.3x. … Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind. … View our latest analysis for New York Community Bancorp

Simply Wall St -

NYCB Company Info

Description

New York Community Bancorp, Inc. operates as a bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company offers various deposit products, including interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposits. It also provides multi-family loans; commercial real estate loans; specialty finance loans and leases, and other commercial and industrial loans; acquisition, development, and construction loans; one-to-four family loans; and consumer loans. In addition, the company offers annuities, life and long-term care insurance products, and mutual funds; cash management products; and online, mobile, and phone banking services. It primarily serves individuals, small and mid-size businesses, and professional associations through a network of 252 community bank branches and 277 ATM locations. The company was formerly known as Queens County Bancorp, Inc. and changed its name to New York Community Bancorp, Inc. in November 2000. New York Community Bancorp, Inc. was founded in 1859 and is headquartered in Westbury, New York.

Details
Name: New York Community Bancorp, Inc.
NYCB
Exchange: NYSE
Founded: 1859
$5,416,400,515
467,333,953
Website: http://www.mynycb.com
Address: New York Community Bancorp, Inc.
615 Merrick Avenue,
Westbury,
New York, 11590,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE NYCB Common Stock New York Stock Exchange US USD 23. Nov 1993
DB QC1 Common Stock Deutsche Boerse AG DE EUR 23. Nov 1993
NYSE NYCB.PRA DEP SHS REPSTG A New York Stock Exchange US USD 13. Mar 2017
Number of employees
Current staff
Staff numbers
2,913
New York Community Bancorp employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:50
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/19
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.