Flagstar Bank, N.a. · NYSE:FLG
Flagstar Bank, N.a — New York Community Bancorp — Investor Presentation (March 2004)
11 slides from Flagstar Bank, N.a's investor presentation, Mar 10, 2004
Slide 1: Competitive Performance Investor Presentation
COMPETITIVE Investor Presentation PERFORMANCE
Slide 2: We Rank 24th in Market Capitalization Among the Nation's Banks
Market We $260 $170 $146 $98 $65 $55 $38 $32 $26 $22 $21 $20 $18 $17 $14 $12 $11 $9 $8 $7 $6 $5 $ $4 $3 Note: (1) 1 12 456810 ASO ASBC AF NYB MI UB SNV HCBK SOV NCF FTN HBAN ZION CBSS HIB DRL MRBK CBSH ICBC CYN IFIN PBCT As TCB CF BPOP BNK CBH rank SOTR NTRS WFC WB WM USB FITB BK NCC STI BBT STT GDW
Slide 3: We Are the Market Leader Among Banks in the Northeast
We As Market (in $12.4 $11.6 $9.4 $7.4 $6.6 $4. $3.3 $3.1 $2.7 $2.3 $1.8 $49.8 Assets(2) $43.9 $43.5 $23.4 $22.7 $22.5 $17.0 $14.6 $9.9 $8.1 $33.1 Deposits(2) $27.7 $27.3 $20.7 $11.2 $10.5 $10.3 $9.2 $8.4 $7.2 $6.2 Tangible $2.57 $2.50 $1.96 $1.33 $1.27 $1.25 $1.21 $0.87 $0.82 $0.63 $0.36 (1) (2) (3
Slide 4: Deposit Market Share: We Are a Leading Community Bank
Deposit We (dollars Queens, Nassau, Richmond, Suffolk, Rank 1 2 4 5 6 7 8 9 10 Total Source: 3 Astoria VSB Washington Ridgewood Maspeth Independence NSB North JPMorganChase Citigroup Bank HSBC NYB Dime Ridgewood Commerce Suffolk are394 344 420 83 Institution 412 aof 32 35 22 25 SNL in Fork Share NY
Slide 5: Stock Performance From Our IPO
Stock From NYB (1) (3) 4 (2)Group Includes 11/23/93 Price (3) Performance BNK, BK, A Group thru MEL, CF, 3/1/04, BFITB, NTRS, Group ourMTB, C and share S&P STT. NCF, price BankNFB, appreciated Index and SOV. 3,725%. (2) Includes C, USB, WFC, and WM.
Slide 6: Our Stock Has Outperformed the Industry
Stock Our 11/23/1993 Institution New North Fifth M&T Charter National BankNorth Sovereign Citigroup US Wells Washington Group State Bank Northern Mellon Median Source: Highest 5 Bancorp stock York Third Street of Faro 714 Price Fork A B377 C One FactSet, 583% 686% 525% performers New Commerce Trust
Slide 7: M&A History: Our Mergers Have Benefited Shareholders
M&A Our 6/27/00: 11/30/00: 3/27/01: 7/31/01: 6/27/03: 10/31/03: Haven Deal Change—Announcement 6 merger Value—Announcement Value—Closing Value/Share—Announcement Value/Share—Closing History Richmond Announced Closed Closed transactions Richmond Haven Roslyn County Haven Richmond Roslyn 335Acquisitio
Slide 8: Investment Opportunity: Our Stock Is Undervalued
Investment Our Price Avg. 5 Company Long-Term Northern State Bank Mellon Fifth M&T New National North Wells U.S. Citigroup Charter Washington Source: Note: 7 Year stock Bancorp York Tang. Third Street Cash of NYB’s Fargo 16.2 Fork Projected 17.5 One FactSet, New Commerce Trust 13.1 2004E is Communit
Slide 9: EPS Growth Since Our IPO
EPSSince Our 30% 250% 1-Year 405% 3-Year 933% 5-Year 9-Year NYB Source: (1) (2) (3) (4) 8 Includes superior Growth 9% Group 49% 121% 325% (4) SNL 9% 1994, 38% BNK, C, BK, A(1) 95% 239% 4% stock Securities. USB, one (10%) MEL, 17% Group CF, price 125% full WFC, FITB, NTRS, year Originally has B (2) a
Slide 10: Our Compound EPS Growth Rate
EPS Our Compound 1 NYB Charter Fifth M&T National North BankNorth Sovereign Citigroup Wells U.S. Washington Group Bank Mellon State Northern Median Highest Source: 9 Year earnings Growth Bancorp Third Street of 30% Fargo 5Fork A B C 35One 14 Company 9% 4% performers New Year Commerce Trust (7) 30% 1
Slide 11: Our Cash Performance Measures
Performance Our Cash Tang. Ratio Efficiency Margin Interest Avg. Company NYB North Fifth M&T Charter National BankNorth Sovereign Citigroup, US Wells Washington Group State Bank Northern Mellon Median Highest Source: (1) 10 Cash Bancorp performance Loans Third Street Return of 61.1% NPAs/ Equity(1)
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