Law Offices of Howard G. Smith continues its investigation on behalf of New York Community Bancorp, Inc. (“NYCB” or the “Company”) (NYSE: NYCB) investors concerning the Company’s possible violations of federal securities laws.

On January 31, 2024, NYCB reported a fourth quarter 2023 net loss of $252 million. This loss was significantly due to “a $552 million provision for loan losses,” which was “primarily attributable to higher net charge-offs[.]” Additionally, the Company disclosed that it would cut its quarterly dividend to $0.05 per common share.

On this news, NYCB’s stock price fell $3.90, or 37.6%, to close at $6.48 per share on January 31, 2024, thereby injuring investors.

If you purchased NYCB securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

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