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New York Community Bancorp Inc. Profit Climbs In Q1

New York Community Bancorp Inc. (NYCB) revealed earnings for its first quarter that advanced from the same period last year.

The company's earnings totaled $92.12 million, or $0.20 per share. This compares with $89.37 million, or $0.19 per share, in last year's first quarter.

Analysts had expected the company to earn $0.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.8% to $261.37 million from $266.11 million last year.

New York Community Bancorp Inc. earnings at a glance:

-Earnings (Q1): $92.12 Mln. vs. $89.37 Mln. last year.
-EPS (Q1): $0.20 vs. $0.19 last year.
-Analysts Estimate: $0.16
-Revenue (Q1): $261.37 Mln vs. $266.11 Mln last year.

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