New York Community Bancorp To Benefit From Rate Cut [Seeking Alpha]
New York Community Bancorp, Inc. (NYCB)
Last new york community bancorp, inc. earnings: 4/29 07:00 am
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US:NYSE Investor Relations:
ir.mynycb.com
Company Research
Source: Seeking Alpha
Summary Thanks to a liability-sensitive balance sheet, NYCB's margin is likely to increase as a response to the recent 50bps rate cut. This will boost earnings. Earnings also are expected to be driven by loan growth. Assuming dividends will be held constant at the current level, NYCB offers an attractive dividend yield of 5.8%. Target price implies double-digit price upside, hence, calling for a "bullish" rating. New York Community Bancorp ( Liability-Sensitive Balance Sheet to Benefit Earnings in a Declining Interest Rate Scenario NYCB is mainly a real estate lender, which makes its balance sheet liability sensitive. This means that its earning assets’ portfolio has a longer duration than deposits and borrowings. Consequently, the recent rate cut is expected to have a greater effect on average deposit cost than on average yield. Around 93% of NYCB’s total loan portfolio is made up of mortgage loans, a majority of which will remain locked in at higher rates this year. Meanwhile, a sig
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NYCB
News
- Troubled Philadelphia-based bank implodes in first failure of the year [Fortune]Fortune
- Regulators close Philadelphia-based Republic First Bank, first US bank failure this year [Yahoo! Finance]Yahoo! Finance
- Regulators close Philadelphia-based Republic First Bank, first US bank failure this year [Financial Post (Toronto, Ontario, Canada)]Financial Post
- NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES JUNE 5TH DATE FOR THE 2024 ANNUAL MEETING OF SHAREHOLDERS [Yahoo! Finance]Yahoo! Finance
- NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES JUNE 5TH DATE FOR THE 2024 ANNUAL MEETING OF SHAREHOLDERSPR Newswire
NYCB
Earnings
- 1/31/24 - Miss
NYCB
Sec Filings
- 4/26/24 - Form 8-K
- 4/26/24 - Form 8-K/A
- 4/26/24 - Form ARS
- NYCB's page on the SEC website