PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

New York Community Bank

Flushing, NY · Cert 16022

FDIC · 237 branches

Q3 2022

$62.9BAssets
$49.0BLoans
$41.8BDeposits
$7.3BEquity
Loan mix
93%RE $38.0B7%C&I $2.9B0%Consumer $0.0BQ4 2020Q3 2022
Deposit mix
91%Interest-bearing $38.0B9%Noninterest $3.8BQ4 2020Q3 2022

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2022 SOD (annual) · 1.2% share · #13 of 162 inst. · $34.3B of $2794.5B

17.2% Nassau
4.6% Queens
13.3% Richmond
1.7% Cuyahoga

Executive Summary

  • Earnings: ROA of 1.03%, down 7 bps year over year; NIM at 2.18%.
  • Asset quality: problem loans at 0.09% of loans (+3 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.92%, down 49 bps from a year ago.
  • Funding: loans stand at 117.16% of deposits as of Q3 2022.

Return on Assets (quarter, annualized)

1.03%-7 bps YoY

Net Interest Margin (quarter, annualized)

2.18%-20 bps YoY

Efficiency Ratio (quarter, annualized)

37.50%-94 bps YoY

Tier 1 Leverage Ratio

8.92%-49 bps YoY

NIM

3.09%Q3 ’202.90%Q3 ’213.19%Q3 ’22+6%-8%

Non-interest income vs. expense

0.92%Q3 ’200.91%Q3 ’210.83%Q3 ’22-1%-12%

Discrete quarter, annualized.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets1.43%1.09%1.11%1.09%1.08%1.09%1.16%1.03%-7 bps
Return on Equity10.94%8.46%8.71%8.48%8.47%8.79%9.81%8.88%+39 bps
Net Interest Margin2.42%2.43%2.45%2.38%2.38%2.38%2.46%2.18%-20 bps
Efficiency Ratio38.95%37.69%38.18%38.44%37.73%38.56%34.86%37.50%-94 bps
Non-Interest Burden0.83%0.81%0.83%0.81%0.79%0.82%0.74%0.72%-10 bps
Growth
Asset Growth (YoY)4.97%6.26%6.01%5.35%5.69%5.77%9.75%8.75%+340 bps
Loan Growth (YoY)2.64%2.30%2.75%1.72%6.37%8.07%11.39%12.13%+1,040 bps
Deposit Growth (YoY)2.35%6.89%7.71%9.12%8.01%10.93%20.54%20.28%+1,116 bps
Asset Quality
Nonperforming Loans / Loans0.09%0.08%0.07%0.06%0.07%0.13%0.10%0.09%+3 bps
Net Charge-Offs / Loans0.05%0.00%-0.06%0.00%0.05%0.01%-0.05%0.00%0 bps
Allowance / Loans0.45%0.46%0.46%0.46%0.44%0.42%0.45%0.45%-1 bps
Allowance Coverage of NPLs5.1x6.0x6.4x7.1x6.1x3.1x4.3x4.8x-2.3x
Capital
Tier 1 Leverage Ratio9.48%9.35%9.15%9.41%9.33%9.20%8.96%8.92%-49 bps
Total Risk-Based Capital12.62%12.77%12.71%12.76%12.38%12.07%11.69%11.82%-94 bps
Equity / Assets13.03%12.66%12.90%12.89%12.65%12.13%11.60%11.55%-134 bps
Liquidity & Funding
Loans / Deposits131.95%125.99%126.95%125.68%129.94%122.74%117.31%117.16%-852 bps
Liquid Assets / Assets2.84%3.68%2.55%3.25%2.78%4.01%4.38%1.44%-180 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a