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New York Community Bancorp (NYSE:NYCB) Financial Strength

: 3 (As of Jun. 2023)
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New York Community Bancorp has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

New York Community Bancorp Inc displays poor financial strength. Usually, this is caused by too much debt for the company.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate New York Community Bancorp's interest coverage with the available data. New York Community Bancorp's debt to revenue ratio for the quarter that ended in Jun. 2023 was 3.87. Altman Z-Score does not apply to banks and insurance companies.


New York Community Bancorp Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

New York Community Bancorp's Interest Expense for the months ended in Jun. 2023 was $-598 Mil. Its Operating Income for the months ended in Jun. 2023 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $16,412 Mil.

New York Community Bancorp's Interest Coverage for the quarter that ended in Jun. 2023 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

New York Community Bancorp's Debt to Revenue Ratio for the quarter that ended in Jun. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 16412) / 4244
=3.87

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


New York Community Bancorp  (NYSE:NYCB) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

New York Community Bancorp has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.


New York Community Bancorp Financial Strength Related Terms

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New York Community Bancorp (NYSE:NYCB) Business Description

New York Community Bancorp logo
Traded in Other Exchanges
Address
102 Duffy Avenue, Hicksville, New York, NY, USA, 11801
New York Community Bancorp Inc is the bank holding company. It is a New York State-chartered savings bank that operates through eight local divisions: 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. The bank compete for depositors in diverse markets with a comprehensive menu of products and services, and access to multiple service channels, including online banking, mobile banking, and banking by phone. It is also a producer of multi-family loans in New York City.
Executives
Nicholas Christopher Munson officer: EVP & Chief Risk Officer C/O NEW YORK COMMUNITY BANCORP, INC., 102 DUFFY AVENUE, HICKSVILLE NY 11801
Bryan Marx officer: EVP & Princ Accounting Officer 5151 CORPORATE DRIVE, TROY MI 48098
Lee Matthew Smith officer: SEVP & President of Mortgage C/O FLAGSTAR BANCORP INC., 5151 CORPORATE DRIVE, TROY MI 48098
John Thomas Adams officer: SEVP Dir. Multi-Family Lending C/O NEW YORK COMMUNITY BANCORP, INC., 102 DUFFY AVENUE, HICKSVILLE NY 11801
Reginald E Davis officer: Sr EVP & President of Banking 5151 CORPORATE DRIVE, TROY MI 48098
Ronald A. Rosenfeld director NEW YORK COMMUNITY BANCORP INC, 102 DUFFY AVENUE, HICKSVILLE NY 11801
Marshall Lux director 5 BREWSTER STREET #2105, GLEN COVE NY 11542
Peter Schoels director GLOBAL AERO LOGISTICS INC., 101 WORLD DRIVE, PEACHTREE CITY GA 30269
David L Treadwell director 222 S 15TH STREET, SUITE 600 N, OMAHA NE 68102
Jennifer R Whip director 621 PUGH ROAD, WAYNE PA 19087
Toan Huynh director 5151 CORPORATE DRIVE, TROY MI 48098
Alessandro Dinello director, other: Non-Executive Chairman 5300 DEER RIDGE ROAD, JACKSON MI 49201
Leslie D Dunn director
Lawrence Jr. Rosano director C/O NEW YORK COMMUNITY BANCORP, INC., 102 DUFFY AVENUE, HICKSVILLE NY 11801
Lawrence J. Savarese director C/O NEW YORK COMMUNITY BANCORP, INC., 102 DUFFY AVENUE, HICKSVILLE DC 11801