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New York Community Bancorp Inc. Q2 Profit Falls

New York Community Bancorp Inc. (NYCB) revealed a profit for second quarter that dropped from the same period last year.

The company's bottom line totaled $89.04 million, or $0.19 per share. This compares with $99.15 million, or $0.20 per share, in last year's second quarter.

Analysts had expected the company to earn $0.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 10.0% to $237.69 million from $263.96 million last year.

New York Community Bancorp Inc. earnings at a glance:

-Earnings (Q2): $89.04 Mln. vs. $99.15 Mln. last year.
-EPS (Q2): $0.19 vs. $0.20 last year.
-Analysts Estimate: $0.19
-Revenue (Q2): $237.69 Mln vs. $263.96 Mln last year.

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