XML 55 R30.htm IDEA: XBRL DOCUMENT v3.24.0.1
Parent Company-Only Financial Information
 12 Months Ended
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]  
Parent Company-Only Financial Information Parent Company-Only Financial Information
The following tables present the condensed financial statements for New York Community Bancorp, Inc. (Parent Company only):
Condensed Statements of Condition

December 31,
(in millions)20232022
ASSETS:
Cash and cash equivalents$158 $121 
Investments in subsidiaries9,160 9,633 
Other assets80 85 
Total assets$9,398 $9,839 
LIABILITIES AND STOCKHOLDERS’ EQUITY:
Junior subordinated debentures$579 $575 
Subordinated notes438 432 
Other liabilities14 8 
Total liabilities$1,031 $1,015 
Stockholders’ equity$8,367 $8,824 
Total liabilities and stockholders’ equity$9,398 $9,839 

Condensed Statements of Income

Years Ended December 31,
(in millions)202320222021
Dividends received from subsidiaries$580 $335 $380 
Other income2 160 1 
Gross income582 495 381 
Operating expenses108 55 50 
Income before income tax benefit and equity in undistributed
(loss) earnings of subsidiaries
474 440 331 
Income tax benefit25 14 14 
Income before equity in undistributed (loss) earnings of subsidiaries
499 454 345 
Equity in undistributed (loss) earnings of subsidiaries
(578)196 251 
Net (loss) income
$(79)$650 $596 
Condensed Statements of Cash Flows
Years Ended December 31,
(in millions)202320222021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income
$(79)$650 $596 
Change in other assets30 (3)(22)
Change in other liabilities6 (4)1 
Other, net65 (130)32 
Equity in undistributed (loss) earnings of subsidiaries
578 (196)(251)
Net cash provided by operating activities$600 $317 $356 
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash acquired in business acquisition— 34 — 
Change in receivable from subsidiaries, net(32)5 (3)
Net cash (used in) provided by investing activities
$(32)$39 $(3)
CASH FLOWS FROM FINANCING ACTIVITIES:
Treasury stock repurchased(12)(24)(16)
Cash dividends paid on common and preferred stock(519)(350)(349)
Net cash used in financing activities(531)(374)(365)
Net increase (decrease) in cash and cash equivalents
37 (18)(12)
Cash and cash equivalents at beginning of year121 139 151 
Cash and cash equivalents at end of year$158 $121 $139