New York Community Bancorp Inc. (NYB: Quote) reported that its first-quarter GAAP earnings were $118.3 million, or $0.27 per share, down from $123.2 million, or $0.28 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share. Analysts' estimates typically exclude special items.
Operating earnings totaled $117.8 million or $0.27 per share, compared to $117.2 million or $0.27 per share in the year ago quarter.
Net interest income for the quarter declined to $288.41 million from $303.25 million in the prior year quarter. Total non-interest income was $61.99 million, up from $58.61 million in year ago quarter.
The company said that its board declared quarterly cash dividend of $0.25 per share. The dividend is payable on May 17th to shareholders of record at the close of business on May 7, 2012.
Click here to receive FREE breaking news email alerts for New York Community Bancorp Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com