Flagstar Bancorp Inc. (FBC) CEO Alessandro DiNello on New York Community Bancorp Inc. Acquisition of Flagstar Bancorp Inc. (Transcript)

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Q1: 2021-04-26 Earnings Summary

EPS of $0.87 beats by $0.05
 | Revenue of $332.55M (27.23% Y/Y) beats by $7.79M

Flagstar Bancorp Inc. (FBC) New York Community Bancorp Inc. Acquisition of Flagstar Bancorp Inc. Conference Call April 26, 2021 11:00 AM ET

Company Participants

Salvatore DiMartino - Senior MD and Director of IR and Strategic Planning, New York Community Bancorp, Inc.
Thomas Cangemi - President, CEO and Chairman, New York Community Bancorp, Inc.
Alessandro DiNello - President and CEO
John Pinto - Senior EVP and CFO, New York Community Bancorp, Inc.
Lee Smith - President, Mortgage
James Ciroli - EVP and CFO

Conference Call Participants

Ebrahim Poonawala - BofA Securities
Mark Fitzgibbon - Piper Sandler
Stephen Moss - B. Riley Securities
Christopher McGratty - Keefe, Bruyette, & Woods, Inc.
David Rochester - Compass Point Research
Steven Alexopoulos - JPMorgan Chase
Brocker Vandervliet - UBS Investment Bank
Tu Duong - RBC Capital Markets
Matthew Breese - Stephens Inc.
Kenneth Zerbe - Morgan Stanley
Christopher Marinac - Janney Montgomery Scott

Salvatore DiMartino

Good morning, everyone. This is Sal DiMartino, Director of Investor Relations. Earlier this morning, we issued a joint press release and presentation announcing the acquisition of Flagstar Bancorp by New York Community Bancorp. Both companies also separately issued their respective First Quarter 2021 earnings releases, which we will briefly discuss this morning. Please note that today's call will take the place of the previously scheduled earnings calls, which have been canceled. Today's releases and presentations have been posted on each company's Investor Relations' website.

Before the discussion begins, I'd like to remind you that certain comments made today by the management teams of both New York Community and Flagstar, may include forward-looking statements within the meanings of the Private Securities Litigation Reform Act of 1995.

Such forward-looking statements we may make are subject to the safe harbor rules. Please review the forward-looking disclaimer and safe harbor language in today's press releases

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