- Of the bank's size ($47.6B in assets), NYCB CEO Joe Ficalora doesn't seem too worried about growing to over $50B - the line at which regulatory scrutiny could be stepped up. He notes recent comments from Fed Governor Tarullo that $100B is probably a more relevant line which should be crossed.
- Webcast and presentation slides
- NYCB multi-family lending is distinguished from peers in that the majority is for buildings with rent-controlled units, i.e. below-market rents. This makes those properties less likely to face vacancies when the economy and credit cycle head south. It's a big factor behind net charge-offs averaging just 0.04% since coming public in 1993.
From other sites
at MarketRealist.com (Mar 23, 2015)
at Nasdaq.com (Feb 23, 2015)
at Nasdaq.com (Feb 4, 2015)
at Nasdaq.com (Dec 11, 2014)
at Nasdaq.com (Dec 3, 2014)
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