New York Community Bancorp
Market Cap
US$4.5b
Last Updated
2020/11/24 23:43 UTC
Data Sources
Company Financials +
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with excellent balance sheet and pays a dividend.
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
Stable Share Price: NYCB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: NYCB's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
8.6%
NYCB
-0.3%
US Mortgage
1.8%
US Market
1 Year Return
-17.8%
NYCB
-8.8%
US Mortgage
20.4%
US Market
Return vs Industry: NYCB underperformed the US Mortgage industry which returned -8.8% over the past year.
Return vs Market: NYCB underperformed the US Market which returned 20.4% over the past year.
Shareholder returns
| NYCB | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.6% | -0.3% | 1.8% |
| 30 Day | 11.3% | 2.7% | 6.0% |
| 90 Day | 8.0% | -4.0% | 6.8% |
| 1 Year | -11.8%-17.8% | -6.0%-8.8% | 23.2%20.4% |
| 3 Year | -9.5%-25.1% | 17.1%7.4% | 47.4%37.6% |
| 5 Year | -22.0%-41.5% | 37.5%19.0% | 91.9%70.8% |
Long-Term 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
3 weeks ago | Simply Wall St
Why It Might Not Make Sense To Buy New York Community Bancorp, Inc. (NYSE:NYCB) For Its Upcoming Dividend3 weeks ago | Simply Wall St
Analyst Estimates: Here's What Brokers Think Of New York Community Bancorp, Inc. (NYSE:NYCB) After Its Third-Quarter Report1 month ago | Simply Wall St
Key Things To Understand About New York Community Bancorp's (NYSE:NYCB) CEO Pay ChequeValuation
Is New York Community Bancorp undervalued compared to its fair value and its price relative to the market?
5.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NYCB ($9.76) is trading below our estimate of fair value ($10.27)
Significantly Below Fair Value: NYCB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: NYCB is good value based on its PE Ratio (11.7x) compared to the US Mortgage industry average (12.5x).
PE vs Market: NYCB is good value based on its PE Ratio (11.7x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: NYCB is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: NYCB is good value based on its PB Ratio (0.7x) compared to the US Mortgage industry average (0.9x).
Next Steps
Future Growth
How is New York Community Bancorp forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
14.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NYCB's forecast earnings growth (14.9% per year) is above the savings rate (2.2%).
Earnings vs Market: NYCB's earnings (14.9% per year) are forecast to grow slower than the US market (22.1% per year).
High Growth Earnings: NYCB's earnings are forecast to grow, but not significantly.
Revenue vs Market: NYCB's revenue (10.1% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: NYCB's revenue (10.1% 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 (8.1%).
Next Steps
Past Performance
How has New York Community Bancorp performed over the past 5 years?
15.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NYCB has high quality earnings.
Growing Profit Margin: NYCB's current net profit margins (36.8%) are higher than last year (34.3%).
Past Earnings Growth Analysis
Earnings Trend: NYCB's earnings have grown by 15% per year over the past 5 years.
Accelerating Growth: NYCB's earnings growth over the past year (7.4%) is below its 5-year average (15% per year).
Earnings vs Industry: NYCB earnings growth over the past year (7.4%) exceeded the Mortgage industry 5.1%.
Return on Equity
High ROE: NYCB's Return on Equity (6.3%) is considered low.
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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
Financial Institutions Analysis
Asset Level: NYCB's Assets to Equity ratio (8.2x) is low.
Allowance for Bad Loans: NYCB has a sufficient allowance for bad loans (415%).
Low Risk Liabilities: 66% 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 (78%).
Low Risk Deposits: NYCB's Loans to Deposits ratio (134%) is high.
Level of Bad Loans: NYCB has an appropriate level of bad loans (0.1%).
Next Steps
Dividend
What is New York Community Bancorp current dividend yield, its reliability and sustainability?
6.97%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NYCB's dividend (6.97%) is higher than the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: NYCB's dividend (6.97%) is in the top 25% of dividend payers in the US market (4.05%)
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
Dividend Coverage: At its current payout ratio (81.9%), 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 (58% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
15.6yrs
Average management tenure
CEO
Joseph Ficalora (73 yo)
27.33yrs
Tenure
US$7,625,061
Compensation
Mr. Joseph R. Ficalora is the President and Chief Executive Officer and a Director of New York Community Bancorp, Inc. and of its subsidiary, New York Community Bank. A graduate of Pace University with ...
CEO Compensation Analysis
Compensation vs Market: Joseph's total compensation ($USD7.63M) is above average for companies of similar size in the US market ($USD5.17M).
Compensation vs Earnings: Joseph's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 27.33yrs | US$7.63m | 1.53% $ 69.2m | |
| Senior EVP & CFO | 15.58yrs | US$2.75m | 0.27% $ 12.1m | |
| Senior EVP | 13.83yrs | US$4.22m | 0.52% $ 23.5m | |
| Executive VP & Chief Accounting Officer | 15.58yrs | US$1.86m | 0.11% $ 5.1m | |
| Consultant | 0.83yr | US$2.50m | 0.14% $ 6.5m | |
| Chief Information Officer & Executive VP | no data | no data | no data | |
| First Senior VP and Director of Investor Relations & Strategic Planning | no data | no data | no data | |
| Chief Human Resources Officer & Executive VP | no data | no data | no data | |
| Director of Capital Planning & Stress Testing and Executive VP | no data | no data | no data | |
| Director of Loan Administration & Executive VP | no data | no data | no data | |
| Director of Retail Products & Services and Executive VP | no data | no data | no data | |
| Chief Administrative Officer & Executive VP | no data | no data | no data |
15.6yrs
Average Tenure
59yo
Average Age
Experienced Management: NYCB's management team is seasoned and experienced (15.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 27.33yrs | US$7.63m | 1.53% $ 69.2m | |
| Senior EVP | 13.83yrs | US$4.22m | 0.52% $ 23.5m | |
| Independent Director | 5.17yrs | US$155.44k | 0.0055% $ 249.9k | |
| Independent Director | 17.42yrs | US$365.07k | 0.29% $ 13.3m | |
| Independent Director | 21.83yrs | US$215.07k | 0.26% $ 11.8m | |
| Independent Presiding Director | 6.83yrs | US$381.76k | 0.071% $ 3.2m | |
| Independent Chairman of the Board | 9.83yrs | US$449.13k | 0.11% $ 5.0m | |
| Independent Director | 13.67yrs | US$242.06k | 0.036% $ 1.6m | |
| Independent Director | 8.83yrs | US$138.48k | 0.023% $ 1.0m | |
| Independent Director | 7.67yrs | US$335.40k | 0.024% $ 1.1m | |
| Independent Director | 6.33yrs | US$238.33k | 0.0067% $ 303.4k |
9.8yrs
Average Tenure
75yo
Average Age
Experienced Board: NYCB's board of directors are considered experienced (9.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$4.528b
- Shares outstanding: 463.90m
- Website: https://www.mynycb.com
Number of Employees
Location
- New York Community Bancorp, Inc.
- 615 Merrick Avenue
- Westbury
- New York
- 11590
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NYCB | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Nov 1993 |
| QC1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Nov 1993 |
| NYCB.PRA | NYSE (New York Stock Exchange) | DEP SHS REPSTG A | US | USD | Mar 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/24 23:43 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.