New York Community Bancorp, Inc.
(NYSE: NYCB) is one of the 25 largest bank holding
companies in the nation, with assets of $48.9 billion and a market cap of $7.7
billion at December 31, 2016. With deposits of $28.9 billion and 255 branches in Metro New York,
New Jersey, Florida, Arizona, and Ohio, we also rank among the largest depositories
in the United States.
We operate our branches through two banks with eight local divisions, reflecting
our growth through seven traditional mergers and two FDIC-assisted transactions
between the years 2000 and 2010. Established in 1859, New York Community Bank
a New York State-chartered savings bank with 225 branches throughout our five-state
franchise; established in 2005 and also New York State-chartered, New York Commercial
has 30 branches--all in Metro New York.
In addition to fueling the growth of our deposit franchise, acquisitions have fueled
the growth of our interest-earning assets and, in particular, our multi-family loans.
We are a leading producer of multi-family loans for portfolio in New York City,
with an emphasis on rent-regulated buildings that feature below-market rents. At
the end of December, our portfolio totaled $27.0 billion, representing 72.1% of total
In addition to our expertise in multi-family lending, we are known for our record
of superior asset quality. In the past 20 years—including those of the Great Recession—few
of our non-performing assets resulted in actual losses. In fact, net charge-offs
have represented a modest 0.04% of average loans over the course of our public life.
We invite you to learn more about the Company, our performance, and business model
as we continue to focus on enhancing the value of our investors’ shares.