Yet Another Value Blog • 1395 implied HN points • 10 Feb 24
- The loan book for NYCB is in worse shape than expected, potentially facing huge losses due to rent-regulated properties and increasing expenses.
- Despite the challenges, NYCB has over $7 billion in tangible equity, which could help the bank navigate through the crisis.
- Insider buying at NYCB following a special update call shows confidence in the institution, highlighting efforts to stabilize the stock amid a tough situation.