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New York Community Bancorp Issues Current Liquidity And Deposit Information: Total Deposits ~$83B And Total Liquidity $37.3B With Cash Held On Balance Sheet ~$17B, As Of February 5, 2024

Benzinga ·  Feb 7 01:23

New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") today reported updated financial (unaudited) information (all figures as of 2/5/2024):

  • Deposit Stability
    • Total deposits of approximately $83.0 billion, which is up from year end 2023
    • Total insured and collateralized deposits represent 72% of total deposits
    • Total uninsured deposits, excluding collateralized and internal deposits, are $22.9 billion
    • We maintain over $10 billion of reciprocal deposit capacity to offer expanded deposit insurance to our clients
    • 90% of the balances in our top 20 deposit relationships are fully insured or collateralized
  • Ample Liquidity
    • Total liquidity of $37.3 billion which exceeds uninsured deposits, with a coverage ratio of 163%
    • Cash held on balance sheet of approximately $17.0 billion
    • Unencumbered securities of approximately $6.1 billion lendable value
    • Fully collateralized credit facility with available capacity from the Federal Reserve Bank of New York and excess lendable value of collateral at the Federal Home Loan Bank of New York totaling $14.2 billion
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