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Turmoil At New York Community Bancorp: Shares Tumble Over 20%, Triggering Regional Bank Sector Sell-off

Turmoil At New York Community Bancorp: Shares Tumble Over 20%, Triggering Regional Bank Sector Sell-off

纽约社区银行动荡:股价暴跌超过20%,引发地区银行板块抛售
Benzinga ·  03/01 11:07

New York Community Bancorp (NYSE:NYCB) finds itself in the eye of the storm once again.

纽约社区银行(纽约证券交易所代码:NYCB)再次陷入了风暴之眼。

On Thursday, the bank publicly acknowledged a "material weakness" in its internal controls concerning loan review processes. This admission was accompanied by a major leadership change at the top, highlighting a period of upheaval for the company.

周四,该银行公开承认其贷款审查程序的内部控制存在 “重大缺陷”。在这一承认的同时,高层领导层发生了重大变动,凸显了公司的动荡时期。

The bank cited "ineffective oversight, risk assessment, and monitoring activities" as the root of the issues and promised to outline a remediation plan in its forthcoming annual report to the U.S. Securities and Exchange Commission within the next 15 days.

该银行将 “监督、风险评估和监控活动不力” 列为问题的根源,并承诺在未来15天内向美国证券交易委员会提交的年度报告中概述补救计划。

Thomas R. Cangemi, the former CEO, stepped down immediately after 27 years at the helm of the bank but will continue to serve on the board. The bank has appointed Alessandro DiNello as the new President and CEO and Marshall Lux as the Presiding Director of the Board.

前首席执行官托马斯·坎格米在掌管该银行27年后立即辞职,但将继续在董事会任职。该银行已任命亚历山德罗·迪内洛为新任总裁兼首席执行官,马歇尔·勒克斯为董事会主席董事。

Following these announcements, New York Community's shares plummeted by over 20% shortly after the market opened on Friday. The move dragged down the broader regional bank industry, with the SPDR Regional Banking ETF (NYSE:KRE) down over 3%.

继这些公告之后,纽约社区的股价在周五开盘后不久就暴跌了20%以上。此举拖累了整个地区银行业,SPDR区域银行ETF(纽约证券交易所代码:KRE)下跌了3%以上。

Among the holdings in the KRE ETF, the table below shows the worst-performing regional bank stocks, excluding NYCB, at 10:00 a.m. ET on Friday.

在KRE ETF持有的股票中,下表显示了美国东部时间周五上午10点表现最差的地区银行股,不包括纽约央行。

Name 1-Day Chg %
Metropolitan Bank Holding Corp. (NASDAQ:MCB) -5.02%
Flushing Financial Corporation (NASDAQ:FFIC) -4.28%
Dime Community Bancshares Inc. (NASDAQ:DCOM) -4.27%
First Foundation Inc. (NYSE:FFWM) -4.16%
Valley National Bancorp (NASDAQ:VLY) -4.15%
Axos Financial, Inc. (NYSE:AX) -3.86%
M&T Bank Corporation (NYSE:MTB) -3.63%
Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) -3.60%
Columbia Banking System, Inc. (NASDAQ:COLB) -3.54%
Western Alliance Bancorporation (NYSE:WAL) -3.43%
姓名 1 天涨跌幅百分比
大都会银行控股公司(纳斯达克股票代码:MCB) -5.02%
法拉盛金融公司(纳斯达克股票代码:FFIC) -4.28%
Dime Community Bancshares Inc.(纳斯达克股票代码:DCOM) -4.27%
第一基金会公司(纽约证券交易所代码:FFWM) -4.16%
山谷国家银行(纳斯达克股票代码:VLY) -4.15%
Axos Financial, Inc.(纽约证券交易所代码:AX) -3.86%
M&T 银行公司(纽约证券交易所代码:MTB) -3.63%
平博金融合作伙伴有限公司(纳斯达克股票代码:PNFP) -3.60%
哥伦比亚银行系统有限公司(纳斯达克股票代码:COLB) -3.54%
西方联盟银行(纽约证券交易所代码:WAL) -3.43%

NYCB Tumbles: Analyst Reactions

NYCB 暴跌:分析师的反应

"Uncertainty is the enemy of bank stock investing. And, without a doubt, the situation feels a bit uncertain at NYCB right now," Piper Sandler analyst Mark Fitzgibbon, said. The analyst described the control weaknesses as the "most worrisome" issue, leading him to downgrade the stock from Overweight to Neutral. Piper Sandler expressed concern over potential further issues under the new leadership.

“不确定性是银行股票投资的敌人。而且,毫无疑问,纽约央行目前的情况有些不确定。” 派珀·桑德勒分析师马克·菲茨吉本说。这位分析师将控制缺陷描述为 “最令人担忧” 的问题,导致他将该股的评级从增持下调至中性。派珀·桑德勒对新领导层领导下可能出现的进一步问题表示担忧。

JPMorgan maintained a Neutral rating on the stock, citing a risk profile that remains outside a "comfort zone."

摩根大通维持该股的中性评级,理由是风险状况仍处于 “舒适区” 之外。

David J. Chiaverini, CFA from Wedbush, highlighted that the internal control review might necessitate additional reserves, especially for the company's exposure to NYC's rent-regulated multifamily sector. Consequently, Wedbush lowered its core EPS estimates for 2024/2025 from 80 cents/90 cent to 55 cents/65 cents and reduced the price target from $5 to $3.50.

来自Wedbush的首席财务官大卫·基亚韦里尼强调说,内部控制审查可能需要额外的储备金,特别是该公司在纽约市租金监管的多户住宅领域的敞口。因此,Wedbush将其2024/2025年的核心每股收益预期从80美分/90美分下调至55美分/65美分,并将目标股价从5美元下调至3.50美元。

NYCB Tumbles: Regional Bank Movers

NYCB 暴跌:地区银行搬家者

The issues at NYCB have raised broader concerns about the banking sector's exposure to real estate loans, particularly to the office-related sector.

纽约银行的问题引发了人们对银行业房地产贷款敞口,尤其是办公相关行业的房地产贷款敞口的更广泛担忧。

According to a recent Goldman Sachs analysis, NYCB's commercial real estate loans make up 56% of its total loan portfolio, significantly higher than the 18% average for the regional banks under their coverage.

根据高盛最近的一项分析,纽约商业银行的商业房地产贷款占其贷款组合总额的56%,大大高于其所涵盖地区银行18%的平均水平。

Other banks with a substantial commercial real estate exposure – above 20% of total loans – include First Hawaiian Inc. (NASDAQ:FHB), Synovus Financial Corp. (NYSE:SNV), United Bankshares Inc. (NASDAQ:UBSI), First Horizon Corporation (NYSE:FHN), and Citizens Financial Group, Inc. (NYSE:CFG).

其他拥有大量商业房地产敞口的银行(占贷款总额的20%以上)包括第一夏威夷公司(纳斯达克股票代码:FHB)、Synovus Financial Corp.(纽约证券交易所代码:SNV)、联合银行股份有限公司(纳斯达克股票代码:UBSI)、第一地平线公司(纽约证券交易所代码:FHN)和公民金融集团公司(纽约证券交易所代码:CFG)。

Read now: Banking Giants Confront Rising Delinquencies In Commercial Real Estate Sector

立即阅读:银行业巨头面临商业房地产领域不断上升的拖欠情况

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