NYCB’s NPLs surge continues despite efforts to pare loan book

- By Lorenzo Migliorato
- 31 Oct 2024

New York Community Bank (NYCB) saw its soured loans climb to 3.54% of retained credits in the third quarter, putting the lender on a race against time to dispose of unwanted exposures before they deteriorate further.`

Non-performing loans (NPLs) surpassed $2.5 billion at end-September, marking a sharp 29.5% increase for the quarter and a staggering 487% year to date. These upticks continue to stem

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