The head of New York Community Bancorp Inc. said a high-profile court ruling unfavorable to some owners of rent-controlled apartment buildings in New York should have little impact on its bread-and-butter business of loans to local landlords.

"It is not likely to be a big deal," Joseph Ficalora, the chairman and chief executive of the Westbury company, said in a conference call with analysts Wednesday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.