NYCB Stock Overview
New York Community Bancorp, Inc. operates as the bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona.
New York Community Bancorp Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$10.31|
|52 Week High||US$14.33|
|52 Week Low||US$8.50|
|1 Month Change||11.22%|
|3 Month Change||14.94%|
|1 Year Change||-15.63%|
|3 Year Change||-9.24%|
|5 Year Change||-17.39%|
|Change since IPO||769.90%|
Recent News & Updates
New York Community Bancorp (NYSE:NYCB) Is Due To Pay A Dividend Of $0.17
The board of New York Community Bancorp, Inc. ( NYSE:NYCB ) has announced that it will pay a dividend of $0.17 per...
New York Community Bancorp Non-GAAP EPS of $0.35 beats by $0.03, revenue of $377M beats by $23.04M
New York Community Bancorp press release (NYSE:NYCB): Q2 Non-GAAP EPS of $0.35 beats by $0.03. Revenue of $377M (+8.6% Y/Y) beats by $23.04M. Pre-provision net revenue ("PPNR") totaled $239 million, up 15% on a year-over-year basis; excluding merger-related expenses, PPNR on a non-GAAP basis was $243 million, up 11% on a year-over-year basis. Return on average common stockholders' equity and return on average tangible common stockholders' equity were 10.18% and 16.73%, respectively, compared to 9.00% and 14.54%, respectively, for the second quarter of last year. The efficiency ratio improved to 35.57% for the current second quarter compared to 37.11% for the second quarter of last year.
|NYCB||US Mortgage||US Market|
Return vs Industry: NYCB exceeded the US Mortgage industry which returned -23.4% over the past year.
Return vs Market: NYCB underperformed the US Market which returned -12.9% over the past year.
|NYCB Average Weekly Movement||4.9%|
|Mortgage Industry Average Movement||3.7%|
|Market Average Movement||7.9%|
|10% most volatile stocks in US Market||17.1%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: NYCB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: NYCB's weekly volatility (5%) has been stable over the past year.
About the Company
New York Community Bancorp, Inc. operates as the 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 accepts various deposit products, such as interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit. Its loan products include multi-family loans; commercial real estate loans; specialty finance loans and leases; and commercial and industrial loans; acquisition, development, and construction loans; one-to-four family loans; and consumer loans.
New York Community Bancorp Fundamentals Summary
|NYCB fundamental statistics|
Is NYCB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NYCB income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||1.25|
|Net Profit Margin||42.27%|
How did NYCB perform over the long term?See historical performance and comparison
6.6%Current Dividend Yield
Is NYCB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NYCB?
Other financial metrics that can be useful for relative valuation.
|What is NYCB's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NYCB's PE Ratio compare to its peers?
|NYCB PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
ESNT Essent Group
MTG MGIC Investment
ACT Enact Holdings
FNMA Federal National Mortgage Association
NYCB New York Community Bancorp
Price-To-Earnings vs Peers: NYCB is good value based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (35.3x).
Price to Earnings Ratio vs Industry
How does NYCB's PE Ratio compare vs other companies in the US Mortgage Industry?
Price-To-Earnings vs Industry: NYCB is good value based on its Price-To-Earnings Ratio (8.2x) compared to the US Mortgage industry average (11.7x)
Price to Earnings Ratio vs Fair Ratio
What is NYCB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||8.2x|
|Fair PE Ratio||19.3x|
Price-To-Earnings vs Fair Ratio: NYCB is good value based on its Price-To-Earnings Ratio (8.2x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).
Share Price vs Fair Value
What is the Fair Price of NYCB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NYCB ($10.31) is trading below our estimate of fair value ($14.54)
Significantly Below Fair Value: NYCB is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is New York Community Bancorp forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NYCB's forecast earnings growth (28.6% per year) is above the savings rate (1.9%).
Earnings vs Market: NYCB's earnings (28.6% per year) are forecast to grow faster than the US market (12.8% per year).
High Growth Earnings: NYCB's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NYCB's revenue (34.5% per year) is forecast to grow faster than the US market (8% per year).
High Growth Revenue: NYCB's revenue (34.5% per year) is forecast to grow faster 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 (10.4%).
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How has New York Community Bancorp performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NYCB has high quality earnings.
Growing Profit Margin: NYCB's current net profit margins (42.3%) are lower than last year (44.1%).
Past Earnings Growth Analysis
Earnings Trend: NYCB's earnings have grown by 7.5% per year over the past 5 years.
Accelerating Growth: NYCB's earnings growth over the past year (4.1%) is below its 5-year average (7.5% per year).
Earnings vs Industry: NYCB earnings growth over the past year (4.1%) exceeded the Mortgage industry 0.3%.
Return on Equity
High ROE: NYCB's Return on Equity (9.2%) is considered low.
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How is New York Community Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: NYCB's Assets to Equity ratio (9.2x) is low.
Allowance for Bad Loans: NYCB has a sufficient allowance for bad loans (432%).
Low Risk Liabilities: 73% of NYCB's liabilities are made up of primarily low risk sources of funding.
Loan Level: NYCB has an appropriate level of Loans to Assets ratio (77%).
Low Risk Deposits: NYCB's Loans to Deposits ratio (117%) is appropriate.
Level of Bad Loans: NYCB has an appropriate level of bad loans (0.1%).
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What is New York Community Bancorp current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NYCB's dividend (6.6%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: NYCB's dividend (6.6%) is in the top 25% of dividend payers in the US market (4.1%)
Stability and Growth of Payments
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
Earnings Coverage: With its reasonable payout ratio (54%), NYCB's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NYCB's dividends in 3 years are forecast to be well covered by earnings (47.5% payout ratio).
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Cangemi (53 yo)
Mr. Thomas Robert Cangemi C.P.A., also known as Tom, has been President, Chief Executive Officer and a Director of New York Community Bancorp, Inc. and New York Community Bank since December 31, 2020 and s...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD8.65M) is about average for companies of similar size in the US market ($USD8.35M).
Compensation vs Earnings: Tom's compensation has increased by more than 20% in the past year.
Experienced Management: NYCB's management team is considered experienced (2.1 years average tenure).
Experienced Board: NYCB's board of directors are seasoned and experienced ( 10 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NYCB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
New York Community Bancorp, Inc.'s employee growth, exchange listings and data sources
- Name: New York Community Bancorp, Inc.
- Ticker: NYCB
- Exchange: NYSE
- Founded: 1859
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Implied Market Cap: US$4.807b
- Shares outstanding: 466.24m
- Website: https://www.mynycb.com
Number of Employees
- New York Community Bancorp, Inc.
- 102 Duffy Avenue
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/08 00:00|
|End of Day Share Price||2022/08/08 00:00|
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.