New York Community Bancorp, Inc. (NYSE:NYCB) Q4 2023 Earnings Conference Call January 31, 2024 8:30 AM ET

Company Participants

Sal DiMartino – Chief of Staff and Vice President-Investor Relations

Thomas Cangemi – President and CEO

John Pinto – Chief Financial Officer

Reggie Davis – President-Banking

Conference Call Participants

Ebrahim Poonawala – Bank of America

Steven Alexopoulos – J.P. Morgan

Dave Rochester – Compass Point

Casey Haire – Jefferies

Chris McGratty – KBW

Christopher Marinac – Janney Montgomery Scott

Steve Moss – Raymond James

Manan Gosalia – Morgan Stanley

David Smith – Autonomous Research

Brody Preston – UBS

Matthew Breese – Stephens

Bernard von-Gizycki – Deutsche Bank

Jon Arfstrom – RBC Capital Markets

Operator

Hello and thank you for standing by. My name is Regina and I will be your conference operator today. At this time, I would like to welcome everyone to the New York Community Bancorp, Inc. Fourth quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. [Operator Instructions]

I would now like to turn the conference over to Sal DiMartino, Chief of Staff and Vice President of Investor Relations. Please go ahead.

Sal DiMartino

Thank you, Regina, and good morning, everyone. Thank you all for joining the management team of New York community Bancorp for today's conference call. Today's discussion of our fourth quarter and full year results will be led by President and CEO, Thomas Cangemi, who will be joined by the company's Chief Financial Officer, John Pinto, along with our President of Banking, Reggie Davis, and the President of Mortgage, Lee Smith.

Before the discussion begins, I'd like to remind you that certain comments made today by the management team of New York Community Bancorp may include certain 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 release and investor presentation for more information about risks and uncertainties, which may affect us.

Now, I would like to turn the call over to Mr. Cangemi.

Thomas Cangemi

Thank you, Sal. Good morning, everyone, and thank you for joining us today. Before we go into the details of this year's results, I would like to provide some commentary to put the past year into perspective. When I was appointed President and CEO three years ago, we embarked upon transforming the legacy New York Community Bank business model from a monoline thrift to a dynamic diversified full-service commercial bank. 2023 was an important inflection point. We built on the momentum created by the Flagstar acquisition that closed in December of 2022 and continued to successfully execute our transformation strategy while establishing a clear path for future growth.