New York Community Bancorp Inc
NYSE:NYCB
Intrinsic Value
New York Community Bancorp, Inc. is a bank holding company, which engages in the provision of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents. [ Read More ]
The intrinsic value of one NYCB stock under the Base Case scenario is 13.68 USD. Compared to the current market price of 3.22 USD, New York Community Bancorp Inc is Undervalued by 76%.
Valuation Backtest
New York Community Bancorp Inc
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Fundamental Analysis
NYCB Earnings Highlights and 2024 Guidance
2023-Q4 Earnings Call
In 2023, NYCB crossed an important threshold, growing to over $100 billion in assets and shifting to a larger bank category. The year brought a significant diversification in the balance sheet, with $2.3 billion in net income and a $3.24 EPS. However, the fourth quarter saw a net loss of $252 million due to a $552 million provision for credit losses and actions to address weaknesses in the office sector and multifamily portfolio repricing risk, increasing reserves by $774 million. Total loans grew by $624 million to $84.6 billion, but deposits slightly decreased to $81.4 billion. Expenses were cut by $28 million to $557 million for the quarter. Looking ahead to 2024, guidance includes a total loan decline of 3-5%, a 3-5% deposit increase, $7.5 billion more in cash and securities, and a 2.4-2.5% net interest margin. Noninterest income is forecasted at $570-$620 million with operating expenses between $2.3-$2.4 billion. The CET1 capital ratio target is 10% by end of 2024, with an anticipated 22% tax rate.
Balance Sheet Decomposition
New York Community Bancorp Inc
Net Loans | 83.6B |
Investments | 15.2B |
PP&E | 1.1B |
Intangibles | 1.7B |
Other Assets | 12.4B |
Total Deposits | 81.5B |
Short Term Debt | 1B |
Long Term Debt | 1B |
Other Liabilities | 22.1B |
Wall St
Price Targets
NYCB Price Targets Summary
New York Community Bancorp Inc
According to Wall Street analysts, the average 1-year price target for NYCB is 4.97 USD with a low forecast of 3.03 USD and a high forecast of 7.88 USD.
Ownership
NYCB Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
NYCB Price
New York Community Bancorp Inc
Average Annual Return | 0.5% |
Standard Deviation of Annual Returns | 21.34% |
Max Drawdown | -80% |
Market Capitalization | 2.3B USD |
Shares Outstanding | 797 921 024 |
Percentage of Shares Shorted | 7.17% |
NYCB News
Last Important Events
New York Community Bancorp Inc
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
New York Community Bancorp Inc
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
New York Community Bancorp, Inc. is a bank holding company, which engages in the provision of multi-family loans on non-luxury rent-regulated buildings that feature below-market rents. The company is headquartered in Hicksville, New York and currently employs 2,815 full-time employees. The Bank is a producer of multi-family loans in New York City, with a focus on non-luxury residential apartment buildings with rent-regulated units that feature rents that are below non-regulated units. In addition to multi-family loans, which are its principal asset, it originates commercial real estate (CRE) loans (primarily in New York City), specialty finance loans and leases, and, to a much lesser extent, acquisition, development, and construction (ADC) loans, and commercial and industrial (C&I) loans. The Bank is a New York State-chartered savings bank with approximately 237 branches that operates through eight local divisions, such as Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio: and AmTrust Bank in Florida and Arizona.
Contact
IPO
Employees
Officers
The intrinsic value of one NYCB stock under the Base Case scenario is 13.68 USD.
Compared to the current market price of 3.22 USD, New York Community Bancorp Inc is Undervalued by 76%.