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.

Rewards

PE ratio (14.3x) is below the US market (18.3x)

Earnings are forecast to grow 9.5% per year

Risk Analysis

Unstable dividend track record



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

-2.3%

NYCB

-1.9%

US Mortgage

0.06%

US Market


1 Year Return

-8.9%

NYCB

5.7%

US Mortgage

19.4%

US Market

Return vs Industry: NYCB underperformed the US Mortgage industry which returned 5.7% over the past year.

Return vs Market: NYCB underperformed the US Market which returned 19.4% over the past year.


Shareholder returns

NYCBIndustryMarket
7 Day-2.3%-1.9%0.06%
30 Day-4.6%-1.8%1.1%
90 Day-8.1%-1.8%8.9%
1 Year-3.4%-8.9%8.2%5.7%21.9%19.4%
3 Year-13.5%-27.3%19.0%10.6%48.9%39.3%
5 Year-10.7%-32.2%60.2%42.4%71.9%53.1%

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

Valuation

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

14.34x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NYCB ($11.16) 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 (14.3x) compared to the Mortgage industry average (13.7x).

PE vs Market: NYCB is good value based on its PE Ratio (14.3x) compared to the US market (18.3x).


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 (14.2% 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?

6.09%

Current Dividend Yield


Dividend Yield vs Market

company6.1%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Years6.1%

Current dividend yield vs market & industry

Notable Dividend: NYCB's dividend (6.09%) is higher than the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: NYCB's dividend (6.09%) is in the top 25% of dividend payers in the US market (3.7%)


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 ($USD4.57M) is about average for companies of similar size in the US market ($USD6.27M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Joseph Ficalora
President26.6yrsUS$4.57m1.45% $75.7m
Thomas Cangemi
Senior EVP & CFO14.8yrsUS$1.75m0.27% $13.9m
Robert Wann
Senior EVP13.1yrsUS$2.56m0.51% $26.9m
John Pinto
Executive VP & Chief Accounting Officer14.8yrsUS$1.19m0.11% $5.9m
James Carpenter
Consultant0.08yrsUS$1.57m0.14% $7.5m
Robert Brown
Chief Information Officer & Executive VP0yrsno datano data
Salvatore DiMartino
First Senior VP and Director of Investor Relations & Strategic Planning0yrsno datano data
Eric Kracov
Chief Human Resources Officer & Executive VP0yrsno datano data
R. Quinn
Chief Corporate Governance Officer15.3yrsno datano data
John Adams
Chief Lending Officer0yrsno data0.030% $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

NamePositionTenureCompensationOwnership
Joseph Ficalora
President26.6yrsUS$4.57m1.45% $75.7m
Robert Wann
Senior EVP13.1yrsUS$2.56m0.51% $26.9m
James O'Donovan
Independent Director16.7yrsUS$365.07k0.29% $15.2m
John Tsimbinos
Independent Director21.1yrsUS$215.07k0.26% $13.5m
Michael Levine
Presiding Director6.1yrsUS$394.22k0.071% $3.7m
Dominick Ciampa
Chairman of the Board9.1yrsUS$477.00k0.11% $5.7m
Hanif Dahya
Independent Director12.9yrsUS$250.64k0.036% $1.9m
Ronald Rosenfeld
Independent Director8.1yrsUS$138.48k0.023% $1.2m
Lawrence Savarese
Independent Director6.9yrsUS$335.40k0.023% $1.2m
Lawrence Rosano
Independent Director5.6yrsUS$238.33k0.0067% $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

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 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 00:09
End of Day Share Price2020/02/18 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.