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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 8:47 AM

Slide #66. New York Community Bancorp, Inc. Preferred Stock Offering

Company: New York Community Bancorp, Inc. (NYSE:NYCB)
Date announced: 3/10/2017
Shares Offered: 20,000,000
Date of Pricing: 3/10/2017
Price Per Share: $25.00
Preferred Stock Offering Details: New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company"), the parent company for New York Community Bank and New York Commercial Bank, today announced the pricing of its underwritten public offering of 20,000,000 depositary shares, each representing a 1/40th interest in a share of its Fixed-to-Floating Rate Series A Noncumulative Perpetual Preferred Stock, par value $0.01 per share (the "Series A Preferred Stock"), with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share). The Company expects to use the net proceeds from the offering for general corporate purposes and expects to contribute a substantial portion of the net proceeds to New York Community Bank and New York Commercial Bank. The Company intends to apply to list the depositary shares on the New York Stock Exchange under the symbol "NYCB PrA." The offering is expected to close on March 17, 2017, subject to customary closing conditions. The company has granted the underwriters a 30-day option to purchase up to an additional 3,000,000 depository shares from the company.

New York Community Bancorp is a bank holding company. Co. has two subsidiaries: New York Community Bank (Community Bank), which provides multi-family loans, commercial real estate loans, and acquisition, development, and construction loans, among others; and New York Commercial Bank (Commercial Bank), which provides installment loans, revolving lines of credit, cash management services, and online banking, among others. As of Dec 31 2016, the Community Bank had 225 branches in Metro New York, New Jersey, Ohio, Florida, and Arizona, and the Commercial Bank had 30 branches in Metro New York. At Dec 31 2016, Co. had total assets of $48.93 billion and total deposits of $28.89 billion.
Open the NYCB Page at Ru Back Packer »

Name: New York Community Bancorp Inc.
Sector: Banking & Savings
Number of ETFs Holding NYCB: 69 (see which ones)
Total Market Value Held by ETFs: $608,593,184
Total Market Capitalization: $6,896,000,000
% of Market Cap. Held by ETFs: 8.83%

Open the NYCB Page at Ru Back Packer (in a new window) »

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