New York Community Bancorp Inc. (NYB) reported that its fourth-quarter net income increased to $170.24 million or $0.45 per share from $102.23 million or $0.30 per share last year.
Operating earnings was $97.72 million or $0.26 per share compared to $92.44 million or $0.27 per share last year. The company also reported cash earnings of $191.3 million or $0.51 per share in the current fourth quarter.
On average, 18 analysts polled by Thomson Reuters expected the company to report profit of $0.27 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income was $254.47 million compared to $201.61 million a year ago. Total non-interest income was $163.17 million compared to $29.02 million last year.
The company's Board of Directors declared $0.25 per share dividend, payable on February 17.
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