NEW YORK COMMUNITY BANCORP INC - FORM 8-K - EX-99.1

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8-K - FORM 8-K - NEW YORK COMMUNITY BANCORP INC	d435900d8k.htm

Second Quarter 2017

Investor Presentation

Exhibit 99.1

Page 2

Cautionary Statements

Forward-Looking Information

This presentation may include forward-looking statements by the Company and our authorized officers pertaining to such matters as our goals,

intentions, and expectations regarding revenues, earnings, loan production, asset quality, capital levels, and acquisitions, among other matters; our

estimates of future costs and benefits of the actions we may take; our assessments of probable losses on loans; our assessments of interest rate and

other market risks; and our ability to achieve our financial and other strategic goals.

Forward-looking

statements

are

typically

identified

such

words

“believe,”

“expect,”

“anticipate,”

“intend,”

“outlook,”

“estimate,”

“forecast,”

“project,” and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time.

Additionally, forward-looking statements speak only as of the date they are made; the Company does not assume any duty, and does not undertake,

to update our forward-looking statements. Furthermore, because forward-looking statements are subject to assumptions and uncertainties, actual

results

future

events

could

differ,

possibly

materially,

from

those

anticipated

our

statements,

and

our

future

performance

could

differ

materially

from our historical results.

Our forward-looking statements are subject to the following principal risks and uncertainties: general economic conditions and trends, either

nationally or locally; conditions in the securities markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and

investment

products

and

other

financial

services;

changes

real

estate

values;

changes

the

quality

composition

our

loan

investment

portfolios; changes in competitive pressures among financial institutions or from non-financial institutions; our ability to obtain the necessary

shareholder and regulatory approvals of any acquisitions we may propose, our ability to successfully integrate any assets, liabilities, customers,

systems, and management personnel we may acquire into our operations, and our ability to realize related revenue synergies and cost savings within

expected time frames; changes in legislation, regulations, and policies; and a variety of other matters which, by their nature, are subject to significant

uncertainties and/or are beyond our control.

More information regarding some of these factors is provided in the Risk Factors section of our Form 10-K for the year ended December 31, 2016 and

in other SEC reports we file. Our forward-looking statements may also be subject to other risks and uncertainties, including those we may discuss in

this presentation, or in our SEC filings, which are accessible on our website and at the SEC’s website, www.sec.gov.

Our Supplemental Use of Non-GAAP Financial Measures

This presentation may contain certain non-GAAP financial measures which management believes to be useful to investors in understanding the

Company’s performance and financial condition, and in comparing our performance and financial condition with those of other banks. Such non-

GAAP financial measures are supplemental to, and are not to be considered in isolation or as a substitute for, measures calculated in accordance with

GAAP.

Page 3

ASSETS

DEPOSITS

MULTI-FAMILY

LOANS

MARKET

CAP

TOTAL

RETURN

INVESTMENT

$48.3 billion

$28.9 billion

$26.9 billion

$6.4 billion

4,029%

With assets of

$48.3 billion at

6/30/17, we are

the 23rd largest

U.S. bank holding

company.

With deposits of

$28.9 billion and

255 branches in

Metro New York,

New Jersey, Ohio,

Florida, and

Arizona at 6/30/17,

we rank 28th

among the nation’s

largest

depositories.

With a portfolio of

$26.9 billion at

the end of June,

we are a leading

producer of multi-

family loans in

New

York

City.

With a market cap

of $6.4 billion

6/30/17, we rank

25th

among the

nation’s publicly

traded banks and

thrifts.

From 11/23/93

through 6/30/17,

we provided our

charter investors

with a total return

on investment of

4,029%.

(a)

We rank among the largest U.S. bank holding

companies.

(a)

Bloomberg

Note: Except as otherwise indicated, all industry data was provided by S&P Global Market Intelligence as of 8/1/17.

OUR

BUSINESS

MODEL

STRATEGIC

LOAN

PRODUCTION

Page 6

$20,714

$23,849

$25,989

$26,961

$26,876

12/31/13

12/31/14

12/31/15

12/31/16

6/30/17

MULTI-FAMILY

LOAN

PORTFOLIO

(in millions)

Originations:

$7,417

$7,584

$9,214

$5,685

$1,907

Net Charge-Offs

(Recoveries):

$11

$(4)

We are a leading producer of multi-family loans on non-

luxury apartment buildings in NYC with rent-regulated units.

% of non-covered loans held for

investment = 72.1%

Average principal balance = $5.5

million

Weighted

average

life

3.2

years

% of our multi-family loans located

in Metro New York = 77.7%

% of HFI loan originations = 51.0%

PORTFOLIO

STATISTICS

FOR

THE

3 MONTHS

ENDED

6/30/17

Page 7

Of the loans in our portfolio that are collateralized by multi-family buildings in the

five boroughs of New York City, 88% are collateralized by buildings with rent-

regulated units featuring below-market rents.

Rent-regulated

buildings

are

likely

retain

their

tenants

–

and,

therefore,

their revenue stream –

in downward credit cycles.

Together with our conservative underwriting standards, our focus on multi-family

lending in

this niche market has resulted in our record of superior asset quality.

Over the course of our public life, losses on multi-family loans have amounted to a

mere $145.5 million, representing 0.20% of the $74.1 billion of multi-family loans

we have originated since 1993.

Multi-family loans are less costly to produce and service than other types of loans,

and

therefore contribute to our superior efficiency.

The way we lend in this market niche has distinguished

our performance from that of other multi-family lenders.

Page 8

$7,366

$7,637

$7,860

$7,727

$7,544

12/31/13

12/31/14

12/31/15

12/31/16

6/30/17

COMMERCIAL

REAL

ESTATE

LOAN

PORTFOLIO

(in millions)

Originations:

$2,168

$1,661

$1,842

$1,180

$442

Net Charge-Offs

(Recoveries):

$(1)

Commercial real estate lending has been a logical

extension of our emphasis on multi-family loans.

% of non-covered loans held for

investment = 20.3%

Average principal balance = $5.7

million

Weighted average life = 3.0 years

% of our CRE loans located in Metro

New York = 89.4%

% of HFI loan originations = 10.3%

PORTFOLIO

STATISTICS

FOR

THE

3 MONTHS

ENDED

6/30/17

Page 9

$172

$635

$895

$1,286

12/31/13

12/31/14

12/31/15

12/31/16

6/30/17

SPECIALTY

FINANCE

LOAN

AND

LEASE

PORTFOLIO

(in millions)

Originations:

$258

$848

$1,068

$1,266

$768

Net charge-Offs:

The launch of our specialty finance business

provided us with another high-quality lending niche.

Equipment loan and lease financing (EF)

Large corporate obligors

Mostly publicly traded

Participants in stable, nationwide industries

Floating rates tied to LIBOR (ABLs and DFPLs)

Fixed rates at a spread over treasuries (EF)

Loans are structured as senior debt or as non-

cancellable leases

Underlying documentation reviewed by counsel

LOAN

TYPES

CLIENT

CHARACTERISTICS

PRICING

Syndicated asset-based (ABLs) and dealer floor-

plan (DFPLs) loans

Investment grade or near-investment grade

ratings

We require a perfected first-security interest in

or outright ownership of the underlying collateral

Transactions are re-underwritten in-house

$1,508

RISK-AVERSE

CREDIT & UNDERWRITING STANDARDS

ASSET

QUALITY

Page 11

2.91%

4.00%

4.05%

3.41%

2.35%

1.46%

2.48%

2.10%

2.83%

1.51%

12/31/89

12/31/90

12/31/91

12/31/92

12/31/93

(a)

Non-performing loans and total loans exclude covered loans and non-covered purchased credit-impaired (“PCI”) loans.

(b)

Non-performing loans are defined as non-accrual loans and loans 90 days or more past due but still accruing interest.

Our record of asset quality in downward credit cycles has

consistently distinguished us from our industry peers.

S & L CRISIS

GREAT

RECESSION

CURRENT

CREDIT

CYCLE

1.11%

2.71%

4.17%

3.56%

0.11%

0.51%

2.47%

2.63%

12/31/07

12/31/08

12/31/09

12/31/10

2.60%

2.22%

1.66%

1.26%

1.07%

0.76%

0.77%

1.28%

0.96%

0.35%

0.23%

0.13%

0.15%

0.22%

12/31/11

12/31/12

12/31/13

12/31/14

12/31/15

12/31/16

6/30/17

Average NPLs/Total Loans

NYCB: 2.08%

SNL U.S. Bank and Thrift Index: 3.34%

Average NPLs/Total Loans

NYCB: 1.43%

SNL U.S. Bank and Thrift Index: 2.89%

Average NPLs/Total Loans

NYCB: 0.47%

SNL U.S. Bank and Thrift Index: 1.48%

NON-PERFORMING

LOANS

(a)(b)

/ TOTAL

LOANS

(a)

SNL U.S. Bank

and Thrift Index

NYCB

Page 12

S & L CRISIS

0.68%

1.63%

2.83%

2.89%

0.00%

0.03%

0.13%

0.21%

2007

2008

2009

2010

Few of our non-performing loans have resulted in

actual losses.

SNL U.S. Bank

and Thrift Index

NYCB

GREAT

RECESSION

CURRENT

CREDIT

CYCLE

NET

CHARGE-OFFS

AVERAGE

LOANS

0.54%

1.28%

1.50%

1.17%

0.91%

0.00%

0.04%

0.07%

0.06%

1989

1990

1991

1992

1993

5-Year Total

NYCB: 17 bp

SNL U.S. Bank and Thrift Index: 540 bp

4-Year Total

NYCB: 37 bp

SNL U.S. Bank and Thrift Index: 803 bp

6.5-Year Total

NYCB: 56 bp

SNL U.S. Bank and Thrift Index: 546 bp

1.77%

1.24%

0.76%

0.53%

0.46%

0.47%

0.23%

0.35%

0.13%

0.05%

0.01%

0.04%

2011

2012

2013

2014

2015

2016

1H 2017

(0.02)%

0.00%

* Non-annualized

Page 13

The quality of our assets reflects the nature of our

lending niche and our strong underwriting standards.

ONSERVATIVE

UNDERWRITING

Conservative loan-to-value ratios

Conservative debt service coverage ratios: 120% for multi

-family loans and 130% for CRE

loans

Multi-family and CRE loans are based on the lower of economic or market value.

CTIVE

OARD

INVOLVEMENT

The

Mortgage Committee and the Credit Committee approve all mortgage loans >$50

million and all “other C&I” loans >$5 million; the Credit Committee also approves all

specialty finance loans >$15 million.

A member of the Mortgage or Credit Committee participates in inspections on multi

-family

loans in excess of $7.5 million, and CRE and ADC loans in excess of $4.0 million.

All loans of $20 million or more originated by the Community Bank and all loans of $10

million or more

originated by the Commercial Bank are reported to the Board.

ULTIPLE

PPRAISALS

All properties are appraised by independent appraisers.

All independent appraisals are reviewed by in-house appraisal officers.

A second independent appraisal review is performed on loans that are large and complex.

RISK-A

VERSE

NON

-COVERED

LOANS

ELD

FOR

INVESTMENT

(AT

6/30/17)

Multi-family: 72.1%

CRE: 20.3%

One-to-Four Family: 1.1%

ADC: 1.0%

Commercial & Industrial: 5.5%

EFFICIENCY

Page 15

Efficiency has been another Company hallmark.

EFFICIENCY

RATIO

(a)

We calculate our efficiency ratio by dividing our operating expenses by the sum of our net interest income and our non-interest income.

SNL U.S. Bank

and Thrift Index

NYCB

62.89%

49.68%

1H 2017

Multi-family and CRE lending are both

broker-driven, with the borrower paying

fees to the mortgage brokerage firm.

Products and services are typically

developed by third-party providers; their

sales are a complementary source of

revenues.

Franchise expansion has largely

stemmed from mergers and

acquisitions; we rarely engage in de

novo branch development.

HISTORICAL

DRIVERS

OUR

EFFICIENCY

Page 16

36%

48%

2010

2Q 2017

NYCB

EFFICIENCY

RATIO

PRIOR

AND

SINCE

DODD-FRANK

SIFI COMPLIANCE

Key infrastructure investments to date include:

—

Enhanced ERM and corporate governance frameworks

—

Bottom-up capital planning and stress testing

capabilities

—

Substantial expansion of regulatory compliance staff

Depending on when we cross the SIFI threshold, the

cost of SIFI compliance may reflect:

—

Further investment in our IT infrastructure and

personnel

—

Preparations for CCAR reporting in 2019

—

Development of a living will for 2020

PREPARING

FOR

SIFI

STATUS

Following the enactment of the Dodd-Frank Act, we began allocating significant resources

towards SIFI preparedness.

The degree to which we have already leveraged the cost of SIFI compliance is reflected in

the ~ 1,200-basis point increase in our efficiency ratio since the enactment of Dodd-Frank.

Our efficiency ratio has increased significantly since

the enactment of Dodd-Frank.

RESIDENTIAL

MORTGAGE

BANKING

Page 18

In late June, we announced the sale of our mortgage banking platform and the assets covered

under our FDIC Loss Share Agreements. Both transactions are expected to close by the end of

the third quarter and result in a pre-tax gain on sale of approximately $90 million.

We recently announced the sale of our mortgage

banking platform and covered assets.

CREDIT

QUALITY

LIMITED

REPURCHASE

RISK

As of 6/30/2017, 99.8% of all funded

loans were current.

Of the $49.8 billion of 1-4 family loans

sold to GSEs since 2010 –

when we

launched our mortgage banking business

–

only 29 loans totaling $8.3 million

(0.017%) have been repurchased.

MORTGAGE

BANKING

FACTS

GROWTH

THROUGH

ACQUISITIONS

Page 20

Transaction Type:

Savings Bank

Commercial Bank

Branch

FDIC

Deposit

1. Nov. 2000

Haven Bancorp

(HAVN)

Assets:

$2.7 billion

Deposits:

$2.1 billion

Branches: 25

2. July 2001

Richmond County

Financial Corp.

(RCBK)

Assets:

$3.7 billion

Deposits:

$2.5 billion

Branches: 24

3. Oct. 2003

Roslyn Bancorp,

Inc. (RSLN)

Assets:

$10.4 billion

Deposits:

$5.9 billion

Branches: 38

4. Dec. 2005

Long Island

Financial Corp.

(LICB)

Assets:

$562 million

Deposits:

$434 million

Branches: 9

5. April 2006

Atlantic Bank of

New York (ABNY)

Assets:

$2.8 billion

Deposits:

$1.8 billion

Branches:

6. April 2007

PennFed Financial

Services, Inc.

(PFSB)

Assets:

$2.3 billion

Deposits:

$1.6 billion

Branches:

7. July 2007

NYC branch

network of Doral

Bank, FSB (Doral-

NYC)

Assets:

$485 million

Deposits:

$370 million

Branches: 11

8. Oct. 2007

Synergy Financial

Group, Inc.

(SYNF)

Assets:

$892 million

Deposits:

$564 million

Branches:

9. Dec. 2009

AmTrust Bank

Assets:

$11.0 billion

Deposits:

$8.2 billion

Branches: 64

10. March 2010

Desert Hills Bank

Assets:

$452 million

Deposits:

$375 million

Branches: 3

11. June 2012

Aurora Bank FSB

Assets:

None

Deposits:

$2.2 billion

Branches: 0

Payment

Received:

$24.0 million

We have a long history of earnings-accretive

transactions.

The number of branches indicated for our transactions is the number of branches in our current franchise that stemmed from each.

Page 21

Financially and strategically, the Astoria merger was a well-conceived transaction.

Both our shareholders and Astoria’s overwhelmingly approved the merger.

The regulatory approval process was significantly lengthened by virtue of the fact that in

approving the merger, our regulators would also be approving the creation of a new SIFI

bank.

As a result, the merger agreement expired before the regulatory approval process was

completed.

While extending the agreement was an option, the decision to terminate the agreement

was also impacted by external factors faced by Astoria’s board.

The termination of the Astoria merger was due to external

factors, and continues to impact the value of our shares.

While our performance continues to reflect the impact of the merger’s termination, we remain

optimistic about our prospects, given the consistent strength of our business model, our historical

capacity for value creation, and our anticipation of regulatory change.

2Q 2017

PERFORMANCE

HIGHLIGHTS

Page 23

(dollars in thousands, except per share data)

2Q 2017

Strong Profitability Measures:

Net income

$115,255

Net income available to common shareholders

107,048

Earnings per common share

$0.22

Return on average assets

0.94%

Return on average common stockholders’ equity

6.97

Return on average tangible assets

(a)

0.99

Return on average tangible stockholders’ equity

(a)

11.54

Net interest margin

2.65

Efficiency ratio

48.41

Income Statement Highlights

(a)

ROTA and ROTCE are non-GAAP financial measures. Please see page 34 for a discussion and reconciliation of these measures to our ROA and ROCE.

Page 24

COMPANY

CAPITAL

6/30/17

Common stockholders’ equity / total

assets

12.89%

Common equity tier 1 capital ratio

11.16

Tier 1 risk-based capital ratio

12.64

Total risk-based capital ratio

14.11

Leverage capital ratio

9.23

BANK

CAPITAL

6/30/17

Community Bank:

Common equity tier 1 capital ratio

13.11%

Leverage capital ratio

9.53

Commercial Bank:

Common equity tier 1 capital ratio

15.36%

Leverage capital ratio

11.24

BALANCE

SHEET

6/30/17

Loans, net / total assets

80.5%

Securities / total assets

6.6

Deposits / total assets

59.8

Wholesale borrowings / total assets

24.8

ASSET

QUALITY

At or

for the Three Months Ended 6/30/17

Non-performing loans

(a)

/ total loans

(a)

0.22%

Non-performing assets

(b)

/ total assets

(b)

0.20

Net charge-offs / average loans (non-

annualized)

0.03

Balance Sheet Highlights

(a)

Non-performing loans and total loans exclude covered loans and non-covered PCI loans.

(b)

Non-performing assets and total assets exclude covered loans, covered OREO, and non-covered PCI loans.

Page 25

TOTAL

HFI LOANS: $37.3 BN

AVERAGE

YIELD

LOANS: 3.70%

TOTAL

DEPOSITS: $28.9 BN

AVERAGE

COST

INTEREST-BEARING

DEPOSITS: 0.85%

LOANS

6/30/17

DEPOSITS

6/30/17

Loans and Deposits

NOW and

MMA

44%

Savings

18%

CDs

29%

Non-

Interest-

Bearing

Multi-

Family

72%

CRE

20%

ADC

C&I

1-4 Family

(Non-

covered)

Other

Page 26

Reflecting the benefit of our recent preferred stock offering, our leverage

and risk-based capital ratios are comparable to those of our regional peers.

RATIO

NYCB

6/30/17

REGIONAL

PEERS

(a)

(MEDIAN

6/30/17)

Tier 1 Risk-Based

Capital

12.64%

11.50%

Total Risk-Based Capital

14.11

12.97

Tier 1 Leverage

9.23

9.29

Common Equity Tier 1

11.16

10.81

(a)

Regional peers include BKU, BOKF, CBSH, CMA, EWBC, FHN, FRC, HBAN, KEY, MTB, PBCT, SBNY, SIVB, SNV, WBS, and ZION.

Page 27

Our commitment to building value for our investors is reflected

in our total return over the course of our public life.

TOTAL

RETURN

INVESTMENT

(a)

Bloomberg

CAGR since IPO:

23.5%

result

nine

stock

splits

between

1994

and

2004,

our

charter

shareholders

have

2,700

shares of NYCB stock for each 100 shares originally purchased.

SNL U.S. Bank

and Thrift Index

NYCB

(a)

244%

213%

209%

245%

168%

260%

393%

450%

461%

609%

640%

717%

2,059%

2,754%

3,843%

2,670%

3,069%

4,265%

4,319%

4,682%

4,784%

4,029%

11/23/93

12/31/99

12/31/08

12/31/09

12/31/10

12/31/11

12/31/12

12/31/13

12/31/14

12/31/15

12/31/16

6/30/17

LOOKING

FORWARD

Page 29

Since 4Q 2014, we have strategically managed our balance sheet to stay below

the SIFI threshold.

This has resulted in no balance sheet growth for the past two-plus years:

—

Total assets at 6/30/2017:

$48.3 billion

—

Total assets at 9/30/2014: $48.7

billion

While we continue to believe that the best way of transitioning to SIFI status is

through a large merger transaction, we expect to resume meaningful balance

sheet growth during the second half of 2017.

Currently, we have ample opportunity to grow the balance sheet by approximately

$5 billion without breaching the SIFI threshold on a trailing four-quarter basis.

Resumption of Balance Sheet Growth

Page 30

Qualitative stress testing for financial institutions with assets greater than $50

billion and less than $250 billion has been eliminated.

The regulatory approval process for mergers resulting in the creation of a bank

holding company with assets below $100 billion has been eased; the threshold

was previously $25 billion.

There is general consensus among regulators, congressional leadership, and the

current administration that the current $50 billion SIFI threshold should be raised.

Raising the SIFI threshold would:

—

facilitate our ability to engage in mergers with institutions, regardless of size;

—

enable us to grow our loan portfolio organically, as well as through

acquisitions;

—

enable us to grow our deposits and

our market share through acquisitions;

and

—

reduce some of the costs we’ve incurred in our preparations for SIFI status,

thereby improving our efficiency ratio.

We continue to be encouraged by recent signs of

regulatory easing.

Page 31

We also are encouraged by proposed changes to the

federal tax laws for corporations.

Our current federal corporate tax rate is 35%. All other things

being equal, a reduction in the federal tax rate to 20% would be

approximately 22% accretive to our earnings.

The reduced federal tax rate as applied to our existing net

deferred tax liability position would provide a one-time earnings

benefit.

The proposed changes to the federal corporate

tax laws would be expected to benefit our

earnings in two important ways:

Page 32

8/2/17

VISIT

OUR

WEBSITE

ir.myNYCB.com

E-MAIL

REQUESTS

ir@myNYCB.com

CALL

INVESTOR

RELATIONS

(516) 683-4420

WRITE

Investor Relations

New York Community Bancorp, Inc.

615 Merrick Avenue

Westbury, NY 11590

For More Information

APPENDIX

Page 34

While

average

stockholders’

equity,

average

assets,

return

average

assets,

and

return

average

stockholders’

equity

are

financial

measures

that

are

recorded

accordance

with

U.S.

generally accepted accounting principles ("GAAP"), average tangible stockholders’ equity, average tangible assets, return on average tangible assets, and return on average tangible

stockholders’ equity are not. Nevertheless, it is management’s belief that these non-GAAP measures should be disclosed in our SEC filings, earnings releases, and other investor

communications, for the following reasons:

Average tangible stockholders’ equity is an important indication of the Company’s ability to grow organically and through business combinations, as well as our ability to pay dividends

and to engage in various capital management strategies.

Returns on average tangible assets and average tangible stockholders’ equity are among the profitability measures considered by current and prospective investors, both independent

of, and in comparison with, our peers.

We calculate average tangible stockholders’ equity by subtracting from average stockholders’ equity the sum of our average goodwill and core deposit intangibles (“CDI”), and calculate

average tangible assets by subtracting the same sum from our average assets.

Average tangible stockholders’ equity, average tangible assets, and the related non-GAAP profitability measures should not be considered in isolation or as a substitute for average

stockholders’ equity, average assets, or any other profitability or capital measure calculated in accordance with GAAP. Moreover, the manner in which we calculate these non-GAAP

measures may differ from that of other companies reporting non-GAAP measures with similar names.

The

following

table

presents

reconciliations

our

average

common

stockholders’

equity

and

average

tangible

common

stockholders’

equity,

our

average

assets

and

average

tangible

assets, and the related GAAP and non-GAAP profitability measures for the three months ended June 30, 2017:

(dollars in thousands)

For the

Three Months Ended

June 30, 2017

Average common stockholders’ equity

$ 6,147,238

Less: Average goodwill and core deposit intangibles

(2,436,175)

Average tangible common stockholders’ equity

$ 3,711,063

Average assets

$49,069,164

Less: Average goodwill and core deposit intangibles

(2,436,175)

Average tangible assets

$46,632,989

Net income available to common shareholders

(1)

$107,048

Add back: Amortization of core deposit intangibles, net of tax

Adjusted net income available to common shareholders

(2)

$107,066

GAAP:

Return on average assets

0.94%

Return on average common stockholders’ equity

6.97

Non-GAAP:

Return on average tangible assets

0.99

Return on average tangible common stockholders’ equity

11.54

(1)

To calculate our returns on average assets and average common stockholders’ equity for a period, we divide the net income available to common shareholders generated during that period by the average assets

and the average common stockholders’ equity recorded during that time.

(2)

calculate

our

returns

average

tangible

assets

and

average

tangible

common

stockholders’

equity

for

period,

adjust

the

net

income

available

common

shareholders

generated

during

that

period

adding

back

the

amortization

CDI,

net

tax,

and

then

divide

that

adjusted

net

income

the

average

tangible

assets

and

the

average

tangible

common

stockholders’

equity

recorded

during

that

time.

Reconciliations of GAAP and Non-GAAP Measures

Attached files

Stock widget

Investing forum

NEW YORK COMMUNITY BANCORP INC Reports