New York Community Bancorp Inc (NYSE:NYCB)
$ 3.58 -0.09 (-2.45%) Market Cap: 2.88 Bil Enterprise Value: 17.22 Bil PE Ratio: 358.00 PB Ratio: 0.36 GF Score: 53/100

New York Community Bancorp Inc at Raymond James Institutional Investors Conference Transcript

Mar 02, 2020 / 04:35PM GMT
Release Date Price: $11.2 (+3.61%)
William Jefferson Wallace
Raymond James & Associates, Inc., Research Division - Research Analyst

So your next presentation is with New York Community Bancorp, CEO, Joe Ficalora is here to tell you about them just briefly. They're a $54 billion asset bank, they're headquartered in the New York City market and they specialize in multifamily lending in that market. Joe?

Joseph R. Ficalora
New York Community Bancorp, Inc. - President, CEO & Director

Thank you. Good morning. Glad to be with you today. All right. So who are we? We are a leading producer of multi-family loans in the New York City marketplace. Our niche within this market focuses on non-luxury apartment buildings that are rent-regulated featuring below-market rents. This has been our niche probably for 45, 50 years. Our expertise is this particular lending niche, and it arises from a consistent presence in this market for 50 years. We have a long-standing relationship with our borrowers. Many of them have become very wealthy while doing business with us over the course of decades. The

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