Morningstar Rating

Stock Research and Analysis

by Timothy Puls

Bulls Say

NYCB's superior asset quality keeps credit losses minimized, but also allows managers to focus on growing the business rather than managing bad loans.
With a 43% efficiency ratio, NYCB is one of the most efficient operators in our coverage universe.
Superior asset quality and a lean operation make it difficult for peers to compete with NYCB in the New York multifamliy market. Read more 

Bears Say

NYCB does not have a funding cost advantage and relies somewhat heavily on wholesale funding.
NYCB faces increased regulatory scrutiny as the next bank likely to cross $50 billion in total assets. Higher compliance expenses will eat into its efficiency advantage.
Management has stated that acquisitions fuel the overall growth strategy. The bank could be susceptible to overpaying for acquisitions simply to achieve growth. Read more 

Management

We think that NYCB’s management group is a Standard steward of shareholder capital. Current president and CEO, Joseph Ficalora, has been at the helm since 1993. He also held the chairmanship role until 2011, when he wisely stepped aside to allow an   Read more 

Profile

New York Community Bancorp has roughly $48 billion of total assets and 270 banking locations across five states, though the majority of operations are in the New York metropolitan   Read more 

3 Banking Takeaways From the Quarter 
Watch more 

Premium Membership

View all of our analyst reports with a free trial to Morningstar.com Premium.