New York Community Bancorp, Inc. (NYCB) reported first-quarter GAAP earnings of $118.7 million, or $0.27 per share, compared to $118.3 million or $0.27 per share, last year. Cash earnings were $128.6 million, or $0.29 per share, for the quarter. Net interest income decreased to $275.18 million from $288.41 million last year. Total non-interest income increased to $75.55 million from $62.00 million last year.
On average, 21 analysts polled by Thomson Reuters expected the company to report profit of $0.26 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $282.62 million for the quarter.
The Board has declared a 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, 2013.
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