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New York Community Bancorp Inc. Bottom Line Falls In Q1

New York Community Bancorp Inc. (NYCB) revealed a profit for first quarter that declined from last year.

The company's profit totaled $98.35 million, or $0.20 per share. This compares with $103.96 million, or $0.21 per share, in last year's first quarter.

Analysts had expected the company to earn $0.20 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.3% to $270.30 million from $294.92 million last year.

New York Community Bancorp Inc. earnings at a glance:

-Earnings (Q1): $98.35 Mln. vs. $103.96 Mln. last year.
-EPS (Q1): $0.20 vs. $0.21 last year.
-Analysts Estimate: $0.20
-Revenue (Q1): $270.30 Mln vs. $294.92 Mln last year.

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