New York Community Bancorp, Inc. Discloses Its 2016 Dodd-Frank Act Company-Run Stress Test Results under the Severely Adverse...
October 27 2016 - 4:31PM
Business Wire
In accordance with the Dodd-Frank Wall Street Reform and
Consumer Protection Act (the “Dodd-Frank Act”) and the regulations
promulgated thereunder by the Board of Governors of the Federal
Reserve System (the “FRB”), New York Community Bancorp, Inc. (NYSE:
NYCB) (the “Company”) today disclosed the results of its 2016
Dodd-Frank Act company-run stress test (“DFAST”) under the Severely
Adverse Scenario established by the FRB on January 28, 2016.
The Company’s DFAST results, and those of its savings bank
subsidiary, New York Community Bank, have been posted to the
Company’s website, www.myNYCB.com, under “Investor Relations” and
can be accessed by clicking on “Financial Results” and then on
“Regulatory Disclosures.”
The DFAST results reflect the Company’s estimates of losses,
pre-provision net revenue, provisions for loan and lease losses,
net income, and capital levels under the FRB’s Severely Adverse
Scenario over a nine-quarter planning horizon beginning December
31, 2015 and ending on March 31, 2018.
The Company’s DFAST results are not intended to be a forecast of
the Company’s future financial condition or results of operations
but, rather, a possible outcome based on the hypothetical severely
adverse macroeconomic conditions developed by the FRB for 2016
DFAST purposes.
About New York Community Bancorp,
Inc.
One of the largest U.S. bank holding companies, with assets of
$49.5 billion, New York Community Bancorp, Inc. is a leading
producer of multi-family loans on non-luxury, rent-regulated
apartment buildings in New York City, and the parent of New York
Community Bank and New York Commercial Bank. With deposits of $29.1
billion and 255 branches in Metro New York, New Jersey, Florida,
Ohio, and Arizona, the Company also ranks among the largest
depositories in the United States.
Reflecting its growth through a series of acquisitions, the
Community Bank currently operates through seven local divisions,
each with a history of service and strength: Queens County Savings
Bank, Roslyn Savings Bank, Richmond County Savings Bank, and
Roosevelt Savings Bank in New York; Garden State Community Bank in
New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida
and Arizona. Similarly, New York Commercial Bank currently operates
18 of its 30 New York-based branches under the divisional name
Atlantic Bank. Additional information about the Company and its
bank subsidiaries is available at www.myNYCB.com and
www.NewYorkCommercialBank.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161027006885/en/
New York Community Bancorp, Inc.Investors:Ilene A. Angarola,
516-683-4420orMedia:Kelly Maude Leung, 516-683-4032
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