NEW YORK COMMUNITY BANCORP INC

For the period ended Dec 31, 2023. Filed Mar 14, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 14, 2024

FLG$10.58+0.6%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Condition and

Consolidated Statements of Condition

	December 31, 2023	December 31, 2022
(in millions, except per share data)
ASSETS:
Cash and cash equivalents	$11,475	$2,032
Securities:
Debt Securities available-for-sale ($2,822 and $434 pledged at December 31, 2023 and December 31, 2022, respectively)	9,145	9,060
Equity investments with readily determinable fair values, at fair value	14	14
Total securities	9,159	9,074
Loans held for sale ($902 and $1,115 measured at fair value, respectively)	1,182	1,115
Loans and leases held for investment, net of deferred loan fees and costs	84,619	69,001
Less: Allowance for credit losses on loans and leases	(992)	(393)
Total loans and leases held for investment, net	83,627	68,608
Federal Home Loan Bank stock and Federal Reserve Bank stock, at cost	1,392	1,267
Premises and equipment, net	652	491
Core deposit and other intangibles	625	287
Goodwill	—	2,426
Mortgage servicing rights	1,111	1,033
Bank-owned life insurance	1,580	1,561
Other assets	3,254	2,250
Total assets	$114,057	$90,144
LIABILITIES AND STOCKHOLDERS' EQUITY:
Deposits:
Interest-bearing checking and money market accounts	$30,700	$22,511
Savings accounts	8,773	11,645
Certificates of deposit	21,554	12,510
Non-interest-bearing accounts	20,499	12,055
Total deposits	81,526	58,721
Borrowed funds:
Federal Home Loan Bank and Federal Reserve Bank advances	20,250	20,325
Junior subordinated debentures	579	575
Subordinated notes	438	432
Total borrowed funds	21,267	21,332
Other liabilities	2,897	1,267
Total liabilities	105,690	81,320
Stockholders' equity:
Preferred stock at par $0.01 (5,000,000 shares authorized): Series A (515,000 shares issued and outstanding)	503	503
Common stock at par 0.01 (900,000,000 shares authorized; 744,155,791 and 705,429,386 shares issued; and 722,066,370 and 681,217,334 shares outstanding, respectively)	7	7
Paid-in capital in excess of par	8,231	8,130
Retained earnings	443	1,041
Treasury stock, at cost ($22,089,421 and 24,212,052 shares, respectively)	(218)	(237)
Accumulated other comprehensive loss, net of tax:
Net unrealized loss on securities available for sale, net of tax of $225 and $240, respectively	(581)	(626)
Net unrealized loss on pension and post-retirement obligations, net of tax of $12 and $18, respectively	(28)	(46)
Net unrealized gain on cash flow hedges, net of tax of $(6) and $(20), respectively	10	52
Total accumulated other comprehensive loss, net of tax	(599)	(620)
Total stockholders’ equity	8,367	8,824
Total liabilities and stockholders’ equity	$114,057	$90,144

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.