NYCB total deposits drop 7% to $77.2 billion, shares fall
Reuters
Published Mar 07, 2024 07:29AM ET
(Reuters) - New York Community Bancorp (NYSE:NYCB) disclosed on Thursday it held deposits of $77.2 billion, down roughly 7% from the $83 billion it had on Feb. 5, sending its shares down 3.3% before the bell.
The lender also said its strategic initiatives for the year include lowering its commercial real estate exposure.
NYCB on Wednesday said it had raised $1 billion from investors including former U.S. Treasury Secretary Steven Mnuchin's Liberty Strategic Capital and named a former Comptroller of the Currency its new CEO.
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Written By: Reuters
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