Attached files
| file | filename |
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| 8-K - FORM 8-K - NEW YORK COMMUNITY BANCORP INC | d250726d8k.htm |
| EX-99.1 - INVESTOR PRESENTATION - NEW YORK COMMUNITY BANCORP INC | d250726dex991.htm |
 Stifel Nicolaus Bank Conference
November 2, 2011
Exhibit 99.2 |
 Page
2 New York Community Bancorp ranks among the top 25
bank holding companies in the United States.
Note: Except as otherwise indicated, all industry data was provided by SNL
Financial. (a)
SNL Financial
(b)
Bloomberg
Assets
Deposits
Multi
-Family Loans
Market Capitalization
Total Return on
Investment With
assets of $42.0 billion
at 9/30/11, we are currently the 21st
largest bank holding company in the nation.
(a)
With deposits of
$22.8 billion
at 9/30/11 and
275
branches
in Metro New York, New Jersey, Ohio, Florida, and Arizona, we
currently rank 23rd among the nation’s largest depositories.
(a)
With a portfolio of
$17.3 billion
at the end of September, we are
a leading producer of multi
-family loans in New York
(a)
City.
With
a
market
cap
of
$5.2
billion
at
9/30/11,
we
rank
16th
among
the nation’s publicly traded banks and thrifts.
(a)
From 11/23/93 through 9/30/11, we provided our investors with a
total return on investment of
2,513%.
(b)
New York Community Bancorp, Inc.
Page 2 |
 New
York Community Bancorp, Inc. Multi-family lending and mortgage banking are
two of the five key components of our business model.
.
Growth through
Acquisitions
Multi-Family Lending
Strong Credit Standards/
Superior Asset Quality
Residential Mortgage
Banking
Efficient Operation
We completed ten acquisitions from 2000 to 2010, including seven
“traditional”
merger transactions, two FDIC-assisted transactions, and
the purchase of a branch network.
Multi-family loans represented $17.3 billion, or 68.7%, of total loans
held for investment at September 30, 2011. The average multi-family
loan had a principal balance of $4.1 million, and the portfolio had an
expected weighted average life of 3.4 years at that date.
The quality of our assets has long been a Company hallmark. Net
charge-offs represented 0.04% of average loans in the third quarter of
2011
and
0.27%
of
average
loans
in
the
first
nine
months
of
this
year.
Since acquiring our residential mortgage banking platform in
December 2009 in connection with our AmTrust Bank acquisition, we
have aggregated $15.2
billion of one-
to-
four family loans for sale and
generated mortgage banking income of $252.0 million.
Our efficiency ratio has consistently ranked in the top 1% of all banks
and
thrifts
and
was
41.50%
in
the
third
quarter
of
2011.
Page 3 |
 New
York Community Bancorp, Inc. Page 4
We are a leading producer of multi-family loans on rent-
regulated buildings in New York City.
.
(a)
Source: NYC Rent Guidelines Board 2011 Housing Supply Report
•
Rental
housing
units
comprise
approximately
67.2%
of
available
housing
stock
in
New
York
City.
(a)
•
Of
the
City’s
2,144,452
rental
housing
units,
1,063,147
(49.6%)
are
subject
to
rent
regulation.
(a)
•
Since 1993, we have originated more than $34.9 billion of multi-family loans,
including $7.7 billion combined in 2008, 2009,
and
2010,
when
many
lenders
chose
to
leave
the
market,
and
$4.2
billion
in
the
first
nine
months
of
this
year.
•
At September 30, 2011, $13.4 billion, or 77.4%, of our multi-family loans were
secured by buildings in New York City. •
Consistency:
In
the
past
40
years,
we
have
been
the
only
lender
to
consistently
provide
funds
to
finance
New
York
City’s multi-family buildings.
•
Longevity:
We
have
established
long-term
relationships
with
our
borrowers
and
the
mortgage
brokers
who
bring us
our loans.
•
Execution:
As
specialists
in
this
lending
niche,
we
have
established
a
reputation
for
speedy
and
consistent
execution.
•
Flexibility:
Because
we
originate
multi-family
loans
for
investment
only,
we
have
greater
flexibility
in
negotiating
terms
than those competitors who produce such loans for sale.
•
Board Involvement:
The Directors who serve on our Mortgage and Real Estate Committee are real estate
developers, property managers, appraisers, and retired loan officers with
multiple decades of experience in, and exceptional knowledge of, our
multi-family niche. •
Capacity:
We are larger than most of our competitors, which enables us to compete for larger
loans. Our Market:
Our Market Share:
Our Competitive Advantages: |
 New
York Community Bancorp, Inc. Page 5
Our mortgage banking platform is a leading aggregator of
agency-conforming one-to-four family residential loans.
•
Community
banks,
credit
unions,
mortgage
companies,
and
mortgage
brokers
throughout
the
U.S.
•
Approximately 1,000 clients utilize our proprietary real-time
web-accessible mortgage banking platform to originate
one-to-four family loans for sale. •
We are the nation’s 14th largest aggregator of residential mortgage
loans. •
We are the nation’s 18th largest producer of conventional loans.
•
We are the nation’s 24th largest producer of loans overall.
•
Security,
Consistency,
and
Transparency:
Our
proprietary
business-to-business
platform
securely
controls the lending process in a consistent and transparent manner.
•
Risk Mitigation:
By using our platform, our clients are able to control the origination and sale of
loans while, at the same time, mitigating their exposure to interest rate
and regulatory compliance risk.
•
Efficiency:
Our
platform
enables
our
clients
to
compete
cost-effectively
with
the
nation’s
largest
mortgage lenders.
•
Scope:
Loans can be originated/purchased in all 50 states.
Our Market:
Our Market Share:
Our Competitive Advantages: |
 New
York Community Bancorp, Inc. Page 6
The growth of our multi-family loan portfolio and our residential
mortgage banking business may be driven by a variety of factors.
Multi-Family Loans
for
Investment
•
Continued disruption in the securitization markets will likely result in
more business.
•
Our long-standing
commitment to this niche is likely to appeal to
borrowers
concerned about the inconsistency of smaller lenders that
have moved in and out of the market.
•
The
low interest rate environment will likely encourage sales
transactions.
•
The
resolution
of
problem
loans
that
adversely
impacted
property
values
will
enable
more
borrowers
to
justify
refinancing
their
loans
as
property
values stabilize.
One-
to
-Four Family
Loans for Sale
•
Deconsolidation of the mortgage banking industry will likely create more
lending opportunities.
•
Our mortgage banking platform is ready-made to address our clients’
growing need to ensure regulatory compliance.
•
Expansion
of
eligibility
rules
for
HARP
refinance
programs
would
likely
increase loan
demand.
•
Our platform is well-equipped to facilitate the expansion of our product
line. |
 11/2/2011
For More Information
Log onto our web site:
ir.myNYCB.com
Check out our full
-length 3Q
2011 investor presentation:
Log on to our web site and click on “Investor
Presentations”
under “Strategies and Results.”
E-mail requests to:
ir@myNYCB.com
Call Investor Relations at:
(516) 683
-
4420
Write to:
Investor Relations
New York Community Bancorp, Inc.
615 Merrick Avenue
Westbury, NY 11590
New York Community Bancorp, Inc.
Page 7 |
 Forward-looking Statements and Associated Risk
Factors
This presentation, like many written and oral communications presented by New York Community Bancorp,
Inc. and our authorized officers, may contain certain forward-looking statements regarding
our prospective performance and strategies within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend
such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including
this statement for purposes of said safe harbor provisions. Forward-looking
statements, which are based on certain assumptions and describe future plans, strategies, and expectations of the Company, are generally identified by use of the words
“anticipate,” “believe,” “estimate,” “expect,”
“intend,” “plan,” “project,” “seek,” “strive,” “try,” or future or conditional verbs such as “will,” “would,” “should,” “could,” “may,” or
similar expressions. Our ability to predict results or the actual effects of our plans or
strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results.
There are a number of factors, many of which are beyond our control, that could cause actual
conditions, events, or results to differ significantly from those described in the forward-looking
statements. These factors include, but are not limited to: general economic conditions, either
nationally or in some or all of the areas in which we and our customers conduct our respective
businesses; conditions in the securities markets and real estate markets or the banking industry;
changes in interest rates, which may affect our net income, prepayment penalty income, and other
future cash flows, or the market value of our assets, including our investment securities; changes in
deposit flows and wholesale borrowing facilities; changes in the demand for deposit, loan, and
investment products and other financial services in the markets we serve; changes in our credit ratings
or in our ability to access the capital markets; changes in our customer base or in the
financial or operating performances of our customers’ businesses; changes in real estate values,
which could impact the quality of the assets securing the loans in our portfolio; changes in the
quality or composition of our loan or securities portfolios; changes in competitive pressures among
financial institutions or from non-financial institutions; the ability to successfully integrate any
assets, liabilities, customers, systems, and management personnel we may acquire into our
operations, and our ability to realize related revenue synergies and cost savings within expected time
frames; our use of derivatives to mitigate our interest rate exposure; our ability to retain key
members of management; our timely development of new lines of business and competitive products or
services in a changing environment, and the acceptance of such products or services by our customers;
any breach in performance by the Community Bank under our loss sharing agreements with the FDIC;
any interruption or breach of security resulting in failures or disruptions in customer account management, general ledger, deposit, loan, or other systems; any interruption in customer
service due to circumstances beyond our control; potential exposure to unknown or contingent
liabilities of companies we have acquired or target for acquisition; the outcome of pending or
threatened litigation, or of other matters before regulatory agencies, whether currently existing or
commencing in the future; changes in our estimates of future reserves based upon the periodic
review thereof under relevant regulatory and accounting requirements; changes in our capital
management policies, including those regarding business combinations, dividends, and share
repurchases, among others; changes in legislation, regulation, policies, or administrative practices,
whether by judicial, governmental, or legislative action, including, but not limited to, the impact of
the Dodd-Frank Wall Street Reform and Consumer Protection Act, and other changes pertaining to
banking, securities, taxation, rent regulation and housing, environmental protection, and
insurance, and the ability to comply with such changes in a timely manner; additional FDIC special
assessments or required assessment prepayments; changes in accounting principles, policies,
practices, or guidelines; environmental conditions that exist or may exist on properties owned by,
leased by, or mortgaged to the Company; operational issues stemming from, and/or capital
spending necessitated by, the potential need to adapt to industry changes in information technology
systems, on which we are highly dependent; the ability to keep pace with, and implement on a
timely basis, technological changes; changes in the monetary and fiscal policies of the U.S.
Government, including policies of the U.S. Department of the Treasury and the Board of Governors of the
Federal Reserve System; war or terrorist activities; and other economic, competitive, governmental,
regulatory, and geopolitical factors affecting our operations, pricing, and services. For a discussion of these and other risks that may cause actual results to differ from expectations,
please refer to our Annual Report on Form 10-K for the year ended December 31, 2010, including
the section entitled “Risk Factors,” and our Quarterly Report on Form 10-Q for the
quarter ended June 30, 2011, on file with the U.S. Securities and Exchange Commission (the “SEC”).
In addition, it should be noted that we routinely evaluate opportunities to expand through acquisition
and frequently conduct due diligence activities in connection with such opportunities. As a result,
acquisition discussions and, in some cases, negotiations, may take place at any time, and acquisitions
involving cash, debt, or equity securities may occur.
Furthermore, the timing and occurrence or non-occurrence of events may be subject to circumstances
beyond our control.
Readers are cautioned not to place undue reliance on the forward-looking statements contained
herein, which speak only as of the date of this presentation. Except as required by applicable law
Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995
New York Community Bancorp, Inc.
Page 8
or regulation, we undertake no obligation to update these forward-looking statements to reflect
events or circumstances that occur after the date on which such statements were made. |