NYSE:NYCB

Stock Analysis Report

New York Community Bancorp

Executive Summary

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.

Snowflake

Fundamentals

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

How has New York Community Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.3%

NYCB

2.6%

US Mortgage

0.07%

US Market


1 Year Return

40.2%

NYCB

20.8%

US Mortgage

8.9%

US Market

Return vs Industry: NYCB exceeded the US Mortgage industry which returned 20.8% over the past year.

Return vs Market: NYCB exceeded the US Market which returned 8.9% over the past year.


Shareholder returns

NYCBIndustryMarket
7 Day1.3%2.6%0.07%
30 Day5.7%2.7%-0.3%
90 Day21.0%5.8%-1.6%
1 Year49.1%40.2%23.5%20.8%11.3%8.9%
3 Year8.5%-8.2%43.1%33.3%46.3%36.8%
5 Year10.7%-16.1%72.7%54.1%62.1%44.3%

Price Volatility Vs. Market

How volatile is New York Community Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is New York Community Bancorp undervalued compared to its fair value and its price relative to the market?

17.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NYCB ($13.19) is trading above our estimate of fair value ($7.87)

Significantly Below Fair Value: NYCB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NYCB is poor value based on its PE Ratio (17.1x) compared to the Mortgage industry average (14.5x).

PE vs Market: NYCB is good value based on its PE Ratio (17.1x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: NYCB is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: NYCB is good value based on its PB Ratio (1x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

How is New York Community Bancorp forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

12.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NYCB's forecast earnings growth (12.2% per year) is above the savings rate (2.7%).

Earnings vs Market: NYCB's earnings (12.2% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: NYCB's earnings are forecast to grow, but not significantly.

Revenue vs Market: NYCB's revenue (7.7% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: NYCB's revenue (7.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NYCB's Return on Equity is forecast to be low in 3 years time (7%).


Next Steps

Past Performance

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

1.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: NYCB's earnings have grown by 1.5% per year over the past 5 years.

Accelerating Growth: NYCB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NYCB had negative earnings growth (-13.6%) over the past year, making it difficult to compare to the Mortgage industry average (30.7%).


Return on Equity

High ROE: NYCB's Return on Equity (6%) is considered low.


Return on Assets

ROA vs Industry: NYCB's Return on Assets is below or equal to the Mortgage industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate NYCB's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: NYCB has a low level of unsold assets or inventory.

Debt Coverage by Assets: NYCB's debt is not covered by short term assets (assets are 0.1x debt).


Financial Institutions Analysis

Asset Level: NYCB's level of assets compared to its equity is low.

Allowance for Bad Loans: NYCB has a sufficient allowance for bad loans.

Low Risk Liabilities: NYCB's liabilities are made up of primarily low risk sources of funding.

Loan Level: NYCB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: NYCB has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: NYCB has an appropriate level of bad loans (0.13%)


Next Steps

Dividend

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

5.16%

Current Dividend Yield


Dividend Yield vs Market

company5.2%marketbottom25%1.4%markettop25%3.7%industryaverage2.7%forecastin3Years5.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: NYCB's dividend (5.16%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: NYCB's dividend (5.16%) is in the top 25% of dividend payers in the US market (3.68%)

Stable Dividend: NYCB's dividend payments have been volatile in the past 10 years.

Growing Dividend: NYCB's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (88.4%), NYCB's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: NYCB's dividends in 3 years are forecast to be covered by earnings (72.3% payout ratio).


Next Steps

Management

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

14.7yrs

Average management tenure


CEO

Joseph Ficalora (72yo)

26.3yrs

Tenure

US$4,571,698

Compensation

Mr. Joseph R. Ficalora is the President and Chief Executive Officer of New York Community Bancorp Inc. since July 20, 1993 and New York Community Bank since January 1, 1994. Mr. Ficalora is a Director of N ...


CEO Compensation Analysis

Compensation vs. Market: Joseph's total compensation ($USD4.57M) is about average for companies of similar size in the US market ($USD6.88M).

Compensation vs Earnings: Joseph's compensation has been consistent with company performance over the past year.


Management Age and Tenure

14.7yrs

Average Tenure

57.5yo

Average Age

Experienced Management: NYCB's management team is seasoned and experienced (14.7 years average tenure).


Board Age and Tenure

10.7yrs

Average Tenure

73yo

Average Age

Experienced Board: NYCB's board of directors are seasoned and experienced ( 10.7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$394,64128 Mar 19
Dominick Ciampa
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares34,000
Max PriceUS$11.61

Ownership Breakdown


Management Team

  • Joseph Ficalora (72yo)

    President

    • Tenure: 26.3yrs
    • Compensation: US$4.57m
  • Robert Wann (64yo)

    Senior EVP

    • Tenure: 12.8yrs
    • Compensation: US$2.56m
  • Thomas Cangemi (50yo)

    Senior EVP & CFO

    • Tenure: 14.5yrs
    • Compensation: US$1.75m
  • R. Quinn (57yo)

    Chief Corporate Governance Officer

    • Tenure: 14.9yrs
  • James Carpenter (58yo)

    Senior EVP & Chief Lending Officer

    • Tenure: 13.8yrs
    • Compensation: US$1.57m
  • John Pinto (48yo)

    Executive VP & Chief Accounting Officer

    • Tenure: 14.5yrs
    • Compensation: US$1.19m
  • Salvatore DiMartino

    First Senior VP and Director of Investor Relations & Strategic Planning

    • Tenure: 0yrs
  • Robert Brown

    Chief Information Officer & Executive VP

    • Tenure: 0yrs
  • Eric Kracov

    Chief Human Resources Officer & Executive VP

    • Tenure: 0yrs
  • John Adams

    Chief Credit Officer & Executive VP

    • Tenure: 0yrs

Board Members

  • Joseph Ficalora (72yo)

    President

    • Tenure: 26.3yrs
    • Compensation: US$4.57m
  • Robert Wann (64yo)

    Senior EVP

    • Tenure: 12.8yrs
    • Compensation: US$2.56m
  • James O'Donovan (76yo)

    Independent Director

    • Tenure: 16.3yrs
    • Compensation: US$365.07k
  • John Tsimbinos (81yo)

    Independent Director

    • Tenure: 20.8yrs
    • Compensation: US$215.07k
  • Michael Levine (74yo)

    Presiding Director

    • Tenure: 5.8yrs
    • Compensation: US$394.22k
  • Dominick Ciampa (85yo)

    Chairman of the Board

    • Tenure: 8.8yrs
    • Compensation: US$477.00k
  • Wally Dahya (63yo)

    Independent Director

    • Tenure: 12.6yrs
    • Compensation: US$250.64k
  • Ron Rosenfeld (80yo)

    Director

    • Tenure: 7.8yrs
    • Compensation: US$138.48k
  • Lawrence Savarese (62yo)

    Independent Director

    • Tenure: 6.6yrs
    • Compensation: US$335.40k
  • Lawrence Rosano (66yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: US$238.33k

Company Information

New York Community Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: New York Community Bancorp, Inc.
  • Ticker: NYCB
  • Exchange: NYSE
  • Founded: 1859
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$6.165b
  • Shares outstanding: 467.36m
  • Website: https://www.mynycb.com

Number of Employees


Location

  • New York Community Bancorp, Inc.
  • 615 Merrick Avenue
  • Westbury
  • New York
  • 11590
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NYCBNYSE (New York Stock Exchange)YesCommon StockUSUSDNov 1993
QC1DB (Deutsche Boerse AG)YesCommon StockDEEURNov 1993
NYCB.PRANYSE (New York Stock Exchange)DEP SHS REPSTG AUSUSDMar 2017

Biography

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 co ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:45
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.