New York Community Bancorp
Market Cap
US$5.2b
Last Updated
2020/02/16 23:56 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.
Rewards
Risk Analysis
Snowflake Analysis
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
Stable Share Price: NYCB has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.5%
NYCB
-1.9%
US Mortgage
1.5%
US Market
1 Year Return
-7.1%
NYCB
7.3%
US Mortgage
20.1%
US Market
Return vs Industry: NYCB underperformed the US Mortgage industry which returned 7.3% over the past year.
Return vs Market: NYCB underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| NYCB | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | -1.9% | 1.5% |
| 30 Day | -4.4% | -1.6% | 1.4% |
| 90 Day | -8.7% | -2.1% | 8.7% |
| 1 Year | -1.5%-7.1% | 9.8%7.3% | 22.7%20.1% |
| 3 Year | -12.4%-26.3% | 19.1%10.7% | 50.1%40.5% |
| 5 Year | -10.9%-32.3% | 60.4%42.6% | 73.1%54.1% |
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
2 weeks ago | Simply Wall St
New York Community Bancorp, Inc. Full-Year Results: Here's What Analysts Are Forecasting For Next Year2 weeks ago | Simply Wall St
It Might Be Better To Avoid New York Community Bancorp, Inc.'s (NYSE:NYCB) Upcoming Dividend3 weeks ago | Simply Wall St
Did New York Community Bancorp, Inc. (NYSE:NYCB) Insiders Buy Up More Shares?Valuation
Is New York Community Bancorp undervalued compared to its fair value and its price relative to the market?
14.38x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NYCB ($11.19) is trading above our estimate of fair value ($6.2)
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 (14.4x) compared to the Mortgage industry average (13.7x).
PE vs Market: NYCB is good value based on its PE Ratio (14.4x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: NYCB is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: NYCB is good value based on its PB Ratio (0.8x) 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 13 analysts?
9.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NYCB's forecast earnings growth (9.5% per year) is above the savings rate (1.7%).
Earnings vs Market: NYCB's earnings (9.5% 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 (6.6% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: NYCB's revenue (6.6% 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 (7.1%).
Next Steps
Past Performance
How has New York Community Bancorp performed over the past 5 years?
5.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NYCB has high quality earnings.
Growing Profit Margin: NYCB's current net profit margins (35%) are higher than last year (34.8%).
Past Earnings Growth Analysis
Earnings Trend: NYCB's earnings have grown by 5.6% 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 (-5.8%) over the past year, making it difficult to compare to the Mortgage industry average (11.1%).
Return on Equity
High ROE: NYCB's Return on Equity (5.9%) is considered low.
Return on Assets
Return on Capital Employed
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 (0.15%)
Next Steps
Dividend
What is New York Community Bancorp's current dividend yield, its reliability and sustainability?
6.08%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: NYCB's dividend (6.08%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: NYCB's dividend (6.08%) is in the top 25% of dividend payers in the US market (3.69%)
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 (87.4%), 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 (69.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
15.0yrs
Average management tenure
CEO
Joseph Ficalora (72yo)
26.6yrs
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 ($USD6.26M).
Compensation vs Earnings: Joseph's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 26.6yrs | US$4.57m | 1.43% $74.9m | |
| Senior EVP & CFO | 14.8yrs | US$1.75m | 0.27% $13.9m | |
| Senior EVP | 13.1yrs | US$2.56m | 0.51% $26.6m | |
| Executive VP & Chief Accounting Officer | 14.8yrs | US$1.19m | 0.11% $5.9m | |
| Consultant | 0.08yrs | US$1.57m | 0.14% $7.5m | |
| Chief Information Officer & Executive VP | 0yrs | no data | no data | |
| First Senior VP and Director of Investor Relations & Strategic Planning | 0yrs | no data | no data | |
| Chief Human Resources Officer & Executive VP | 0yrs | no data | no data | |
| Chief Corporate Governance Officer | 15.3yrs | no data | no data | |
| Chief Lending Officer | 0yrs | no data | 0.030% $1.6m |
15.0yrs
Average Tenure
57.5yo
Average Age
Experienced Management: NYCB's management team is seasoned and experienced (15 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 26.6yrs | US$4.57m | 1.43% $74.9m | |
| Senior EVP | 13.1yrs | US$2.56m | 0.51% $26.6m | |
| Independent Director | 16.7yrs | US$365.07k | 0.29% $15.2m | |
| Independent Director | 21.1yrs | US$215.07k | 0.26% $13.5m | |
| Presiding Director | 6.1yrs | US$394.22k | 0.071% $3.7m | |
| Chairman of the Board | 9.1yrs | US$477.00k | 0.11% $5.7m | |
| Independent Director | 12.9yrs | US$250.64k | 0.036% $1.9m | |
| Independent Director | 8.1yrs | US$138.48k | 0.023% $1.2m | |
| Independent Director | 6.9yrs | US$335.40k | 0.023% $1.2m | |
| Independent Director | 5.6yrs | US$238.33k | 0.0067% $348.3k |
11.0yrs
Average Tenure
73yo
Average Age
Experienced Board: NYCB's board of directors are seasoned and experienced ( 11 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$5.230b
- Shares outstanding: 467.35m
- 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 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 deposit. 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 23:56 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/12/31 |
| 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.