News
NYCB
2.995
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UPDATE 2-Valley National, Eagle Bancorp latest to disclose earnings hit due to CRE footprint
Valley National, Eagle Bancorp latest to disclose earnings hit due to CRE footprint. High interest rates and borrowing costs have heightened worries of debt defaults in the CRE market. Eagle's stock hit its lowest in six months on Thursday. Valley National and Eagle are latest banks to outline hit to earnings from exposure to CRE loans.
Reuters · 23h ago
Valley National Bancorp's Q1 profit plunges on bigger loan-loss provisions
Valley National Bancorp's Q1 profit plunges on bigger loan-loss provisions. High interest rates and borrowing costs have heightened worries of debt defaults in the commercial real estate market. Valley National's provisions for credit losses surged to $45.3 million in the first quarter. The bank's stock fell 7.6% in afternoon trading.
Reuters · 1d ago
New York Community Bancorp Board Recommends Shareholders Vote For Proposal To Effect Reverse Stock Split By A Ratio Of 1-3, With Action To Be Effected At Such Time And Date As Determined By The Board, Within One Year After The Conclusion Of The 2024 Annual Meeting
The board of directors of the company proposes to hold a special meeting of shareholders in 2024. The board also proposes to increase the number of shares of stock the company is authorized to issue. KPMG LLP will be appointed as the company's independent accounting firm for the year of 2024.
Benzinga · 1d ago
NYCB: BOARD RECOMMENDS SHAREHOLDERS VOTE FOR PROPOSAL TO EFFECT REVERSE STOCK SPLIT - SEC FILING
Reuters · 1d ago
Main Street Banking Model Is Being Squeezed
Regional banks posted steep profit declines in the first quarter. Profit fell by more than a fifth from a year earlier. Higher interest rates have taken a toll on regional banks. One bright spot for some regional banks: a rebound in fee businesses. Banks are still under scrutiny after three high-profile failures.
The Wall Street Journal · 2d ago
Wall Street's Most Accurate Analysts' Views On 3 Financial Stocks With Over 6% Dividend Yields
These are the ratings of the most accurate analysts for three high-yielding stocks in the financial sector. Lincoln National Corporation, The Western Union Company and New York Community Bancorp are among the companies with high dividend yields. Benzinga readers can review the latest analyst takes on their favorite stocks.
Benzinga · 2d ago
New York Community Bancorp Inc <NYCB.N> expected to post a loss of 15 cents a share - Earnings Preview
New York Community Bancorp Inc expected to post a loss of 15 cents a share. The company is expected to report a 17.4% increase in quarterly revenue to $651.429 million from $555 million a year ago. The median 12-month price target for the company is $4.00.
Reuters · 2d ago
Pacific Premier Bancorp (PPBI) Surpasses Q1 Earnings and Revenue Estimates
NASDAQ · 2d ago
NYCB Struggles with CRE Loans as It Seeks Balance Sheet Diversification
New York Community Bancorp (NYCB) is facing challenges in its commercial real estate loan portfolio. The bank must sell off some of its CRE loans at steep discounts due to a buyer's market and declining attractiveness. NYCB's new management is pushing for a substantial diversification of its balance sheet and revenue streams.
Barchart · 2d ago
ANALYSIS-NYCB faces tough choices on CRE loans, balance sheet diversification
New York Community Bancorp NYCB.N faces tough choices on CRE loans, balance sheet diversification. The bank's management has promised to unveil a turnaround plan this month after losses on CRE Loans sparked a rout. NYCB will have to lure buyers for its commercial real estate loans with steep discounts and diversify its revenue.
Reuters · 2d ago
Peering Into New York Community's Recent Short Interest
New York Community's short percent of float has risen 12.26% since its last report. The company has 75.57 million shares sold short, which is 10.62% of all regular shares available for trading. Short interest is the number of shares that have been sold short but have not yet been covered.
Benzinga · 2d ago
Countdown to New York Community Bancorp (NYCB) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
NASDAQ · 3d ago
Weekly Report: what happened at NYCB last week (0415-0419)?
Weekly Report · 4d ago
Earnings week ahead: Tesla, Meta Platforms, Google, Microsoft, Intel, Exxon Mobil, and more
Investors are eagerly anticipating reports from a wide array of companies across various sectors in the week of April 22–26. Big names like Tesla, Microsoft, Google, Intel, Exxon Mobil, and more are among the companies scheduled to report their quarterly results. The week ahead is also packed with earnings from companies in the airline, consumer goods, and energy sectors.
Seeking Alpha · 5d ago
*Big Charge-Off at New York Community Bank Identified
The Wall Street Journal · 6d ago
*$275 Million Loan Was Huge by Co-op Standards
The Wall Street Journal · 6d ago
*Investors Worried About Other Bad Debts on Bank Balance Sheets
The Wall Street Journal · 6d ago
The Coney Island Apartment Complex That Nearly Sparked a Banking Panic
The Wall Street Journal · 6d ago
*Loan to Warbasse Houses in Coney Island Was Cause of $112 Million Charge-Off
The Wall Street Journal · 6d ago
Banks Believe They Are Well Prepared for Commercial Real Estate Fallout -- Heard on the Street
Large banks that are office lenders are avoiding big hits to their earnings. Banks have already set aside sizable reserves for future losses on office loans. Bank of America recorded 16 office loan charge-offs in the first quarter. Banks are mostly keeping their office-loan reserve ratios elevated.
The Wall Street Journal · 04/19 11:00
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About NYCB
New York Community Bancorp, Inc. is the bank holding company for Flagstar Bank, N.A (the Bank). The Company has several national businesses, including multi-family lending, mortgage originations and servicing, and warehouse lending. It is a multi-family portfolio lender in the New York City market area, where it specializes in rent-regulated, non-luxury apartment buildings. Its specialty finance loans and leases are generally made to large corporate obligors that participate in stable industries nationwide, and its warehouse loans are made to mortgage lenders across the country. It offers a suite of cash management products to address the needs of small and mid-size businesses and professional associations. The Bank operates 420 branches across twelve states, including footholds in the Northeast and Midwest and exposure to markets in the Southeast and West Coast. It operates nationally through a wholesale network of approximately 3,000 third-party mortgage originators.