NY Community Bancorp Files Proxy Materials
Ticker: FLG-PA · Form: DEFA14A · Filed: Jun 3, 2024 · CIK: 910073
| Field | Detail |
|---|---|
| Company | New York Community Bancorp, Inc. (FLG-PA) |
| Form Type | DEFA14A |
| Filed Date | Jun 3, 2024 |
| Risk Level | low |
| Pages | 13 |
| Reading Time | 15 min |
| Key Dollar Amounts | $100 billion, $113 Billion, $15.1 Billion, $74.9 Billion, $83.3 Billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, sec-filing, governance
Related Tickers: NYCB
TL;DR
NYCB filed proxy docs, no fee. Shareholders get info for voting.
AI Summary
New York Community Bancorp, Inc. filed a Definitive Additional Materials proxy statement on June 3, 2024. This filing is related to the company's proxy materials and does not involve a fee, as indicated by the 'No fee required' checkbox. The filing is made under the 1934 Act and concerns the company's shareholder communications.
Why It Matters
This filing provides shareholders with important information regarding the company's governance and upcoming decisions, allowing them to make informed voting choices.
Risk Assessment
Risk Level: low — This is a routine proxy filing and does not contain information that suggests immediate or significant risk.
Key Players & Entities
- NEW YORK COMMUNITY BANCORP, INC. (company) — Registrant
- 0001193125-24-152365 (filing_id) — Accession Number
- 20240603 (date) — Filing Date
FAQ
What type of filing is this?
This is a Definitive Additional Materials filing (DEFA14A) for New York Community Bancorp, Inc.
Who is the filer?
The filer is New York Community Bancorp, Inc.
When was this filing made?
The filing was made on June 3, 2024.
Is there a fee associated with this filing?
No, the filing indicates 'No fee required'.
Under which SEC Act is this filing made?
This filing is made under the Securities Exchange Act of 1934.
Filing Stats: 3,787 words · 15 min read · ~13 pages · Grade level 13.4 · Accepted 2024-06-03 07:31:29
Key Financial Figures
- $100 billion — ment programs institutions greater than $100 billion is assets must maintain; (h) matters to
- $113 Billion — g and a private banking network Assets: $113 Billion MI NY CT Branches: 419 WI Headquarters:
- $15.1 Billion — ortgages 11% 7 largest bank originator ($15.1 Billion in FY 2023)(2) Other 2% 5th largest sub
- $74.9 Billion — 2024 CDs Family 36% 45% Total Deposits: $74.9 Billion Total Loans HFI: $83.3 Billion Note 1:
- $83.3 Billion — eposits: $74.9 Billion Total Loans HFI: $83.3 Billion Note 1: Includes depository institution
- $0.50 — 2024 2025 2026 Annualized Diluted EPS ($0.50 0.55) $0.35 0.40 $0.50 0.60 $0.65 0.75
- $0.35 — 026 Annualized Diluted EPS ($0.50 0.55) $0.35 0.40 $0.50 0.60 $0.65 0.75 Efficiency R
- $0.65 — EPS ($0.50 0.55) $0.35 0.40 $0.50 0.60 $0.65 0.75 Efficiency Ratio 80 85% 65 70% 60
- $6.05 — 7.0% 9.5 10.5% 11.0 12.0% TBV Per Share $6.05 6.10 $6.45 6.55 $7.00 7.25 $7.00 7.25 N
- $6.45 — .5% 11.0 12.0% TBV Per Share $6.05 6.10 $6.45 6.55 $7.00 7.25 $7.00 7.25 Note: See ca
- $7.00 — .0% TBV Per Share $6.05 6.10 $6.45 6.55 $7.00 7.25 $7.00 7.25 Note: See cautionary st
- $2,400 — 025 2026 Annualized Net Interest Income $2,400 2,450 $2,600 2,700 $2,900 3,100 $3,100
- $2,600 — lized Net Interest Income $2,400 2,450 $2,600 2,700 $2,900 3,100 $3,100 3,250 Net Int
- $2,900 — erest Income $2,400 2,450 $2,600 2,700 $2,900 3,100 $3,100 3,250 Net Interest Margin
- $3,100 — $2,400 2,450 $2,600 2,700 $2,900 3,100 $3,100 3,250 Net Interest Margin 2.2 2.3% 2.4
Filing Documents
- d650100ddefa14a.htm (DEFA14A) — 39KB
- g650100page001.jpg (GRAPHIC) — 89KB
- g650100page002.jpg (GRAPHIC) — 334KB
- g650100page003.jpg (GRAPHIC) — 213KB
- g650100page004.jpg (GRAPHIC) — 194KB
- g650100page005.jpg (GRAPHIC) — 257KB
- g650100page006.jpg (GRAPHIC) — 259KB
- g650100page007.jpg (GRAPHIC) — 161KB
- g650100page008.jpg (GRAPHIC) — 78KB
- g650100page009.jpg (GRAPHIC) — 85KB
- g650100page010.jpg (GRAPHIC) — 133KB
- g650100page011.jpg (GRAPHIC) — 107KB
- g650100page012.jpg (GRAPHIC) — 267KB
- g650100page013.jpg (GRAPHIC) — 211KB
- g650100page014.jpg (GRAPHIC) — 198KB
- 0001193125-24-152365.txt ( ) — 3585KB
From the Filing
DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant Filed by a party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant under 240.14a-12 NEW YORK COMMUNITY BANCORP, INC. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required Fee previously paid with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 Annual Shareholder Outreach Presentation May /June 2024 Forward-Looking Information This presentation may include forward-looking statements within the meaning of the federal securities laws by New York Community Bancorp, Inc. (the Company) pertaining to such matters as our goals, intentions, and expectations regarding (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to attract, incentivize and retain key personnel and the roles of key personnel; (g) our ability to achieve our financial and other strategic goals, including those related to our merger with Flagstar Bancorp, Inc., which was completed on December 1, 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, and our ability to fully and timely implement the risk management programs institutions greater than $100 billion is assets must maintain; (h) matters to be presented to, voted on and approved by the Companys stockholders, including the associated effect on our capital ratios of the approval of certain proposals; (i) the conversion or exchange of shares of the Companys preferred stock; (j) the payment of dividends on shares of the Companys capital stock, including adjustments to the amount of dividends payable on shares of the Companys Series B preferred stock; and (k) the availability of equity and dilution of existing equityholders associated with amendments to the 2020 Omnibus Incentive Plan. Forward-looking statements are typically identified by such words as believe, expect, anticipate, intend, outlook, estimate, forecast, project, should, and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. Additionally, forward-looking statements speak only as of the date they are made; the Company does not assume any duty, and does not undertake, to update our forward-looking differ materially from our historical results. Our forward-looking statements are subject to, among others, the following principal risks and uncertainties: general economic conditions and trends, either nationally or locally; conditions in the securities, credit and financial markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of our loan or investment portfolios, including associated allowances and reserves; changes in future allowance for credit losses requirements under relevant accounting and regulatory requirements; the ability to pay future dividends; changes in our capital management and balance sheet strategies and our ability to successfully implement such strategies; changes in our strategic plan, including changes in our internal resources, procedures and systems, and our ability to successfully implement such plan; changes in competitive pressures among financial institutions or from non-financial institutions; changes in legislation, regulations, and policies; the success of our blockchain and fintech activities, investments and strategic partnerships; the restructuring of our mortgage business; the impact of failures or disruptions in or breaches of the Companys operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns; the impact of natural disasters, extreme weather events, military conflict (including the Russia/Ukraine conflict, the conflict in Israel and surrounding areas, the possible ex