EX-99.1 2 d865099dex991.htm EX-99.1 EX-99.1
Fourth Quarter 2014
Investor Presentation
Exhibit 99.1
*
*
*
*
*
*
*

2
New
York
Community
Bancorp,
Inc.
4Q 2014
Cautionary Statements
Forward-Looking Statements and Associated Risk Factors
Certain
statements
in
this
presentation,
like
those
made
in
our
other
written
and
oral
communications,
are
“forward-looking
statements”
within
the
meaning
of
the
U.S.
Private
Securities
Litigation
Reform
Act
of
1995.
Such
forward-looking
statements
generally
pertain
to
management’s
goals,
intentions,
and
expectations
regarding
such
matters
as
revenues,
earnings,
funding,
loan
production,
asset
quality,
capital,
regulations,
and
acquisitions
of
other
banks
or
thrifts.
Such
forward-
looking
statements
may
also
address
the
estimated
costs
and
benefits
of
our
actions;
our
assessments
of
interest
rates
and
other
market
factors
that
may
influence
our
performance;
and
our
ability
to
achieve
our
financial
and
other
strategic
goals.
It
is
important
to
note
that
forward-looking
statements
are
subject
to
numerous
assumptions,
risks,
and
uncertainties,
which
may
change
over
time.
Accordingly,
our
actual
results
and
events
could
differ
materially
from
those
anticipated
in
our
forward-looking
statements,
and
our
future
performance
could
differ
materially
from
our
historical
results.
You
will
find
more
detailed
information
regarding
these
factors
in
our
filings
with
the
U.S.
Securities
and
Exchange
Commission,
including
in
the
“Risk
Factors”
section
of
our
2013
Annual
Report
on
Form
10-K
and
our
Quarterly
Reports
on
Form
10-Q
for
the
three
months
ended
March
31,
June
30,
and
September
30,
2014.
In
addition,
it
should
be
noted
that
our
forward-looking
statements
speak
only
as
of
the
date
of
this
presentation.
We
do
not
undertake
to
update
our
forward-looking
statements
to
reflect
the
impact
of
events
or
circumstances
that
may
arise
after
the
date
on
which
such
statements
are
made.
Our Use of Non-GAAP Financial Measures
This
presentation
may
contain
certain
non-GAAP
financial
measures
which
management
believes
to
be
useful
to
investors
in
understanding
the
Company’s
performance
and
financial
condition,
and
in
comparing
our
performance
and
financial
condition
with
those
of
other
banks.
Such
non-GAAP
financial
measures
are
not
to
be
considered
in
isolation
or
as
a
substitute
for
measures
calculated
in
accordance
with
GAAP.
Reconciliations
of
our
GAAP
and
non-GAAP
financial
measures
are
included
in
the
Appendix
and
may
also
be
found
in
our
earnings
releases
and
under
“Strategies
and
Results”
at
ir.myNYCB.com.

3
New
York
Community
Bancorp,
Inc.
4Q 2014
Note:
Except
as
otherwise
indicated,
all
industry
data
was
provided
by
SNL
Financial
as
of
2/3/15.
(a)
Bloomberg
Assets
Deposits
Multi-Family
Loans
Market Cap
Total Return
on Investment
$48.6 billion
$28.3 billion
$23.8 billion
$7.1 billion
4,319%
With assets of
$48.6
billion
at
12/31/14, we are
the 21st largest 
U.S. bank holding
company.
With deposits of
$28.3
billion
and
over
270
branches
in Metro New
York, New Jersey,
Ohio, Florida, and
Arizona, we
currently rank 23rd
among the nation’s
largest
depositories.
With a portfolio of
$23.8
billion
at
the
end of December,
we are a leading
producer of multi-
family loans in
New York City.
With a market cap
of
$7.1
billion
at
12/31/14, we rank
21st among the
nation’s publicly
traded banks and
thrifts.
From 11/23/93
through 12/31/14,
we provided our
charter investors
with a total return
on investment of
4,319%.
(a)
We are one of the top 25 U.S. bank holding companies.

4Q and Full-Year 2014
Performance Highlights
*
*
*
*
*
*
*
*
******************

5
New
York
Community
Bancorp,
Inc.
4Q 2014
(dollars in thousands, except per share data)
(a)
(b)
ROTA
and
ROTE
are
non-GAAP
financial
measures.
Please
see
page
30
for
additional
information.
(c)
Please
see
page
31
for
a
reconciliation
of
our
efficiency
and
cash
efficiency
ratios.
PERFORMANCE HIGHLIGHTS
4Q 2014 Earnings
2014 Earnings
GAAP
Cash
(a)
GAAP
Cash
(a)
Strong Profitability Measures:
Earnings
$131,197
$140,460
$485,397
$524,373
EPS
$0.30
$0.32
$1.09
$1.19
Return
on
average
tangible
assets
(b)
1.14%
1.21%
1.08%
1.15%
Return on average tangible stockholders’
equity
(b)
15.79
16.76
14.77
15.79
Net interest margin
2.61
2.61
2.67
2.67
Efficiency ratio
(c)
41.29
39.39
43.16
41.11
We generated solid earnings in 2014.
Cash earnings is a non-GAAP financial measure. Please see page 29 for a reconciliation of our GAAP and non-GAAP cash earnings.

6
New
York
Community
Bancorp,
Inc.
4Q 2014
(a)
Non-performing
loans
and
total
loans
exclude
covered
loans.
(b)
Non-performing
assets
and
total
assets
exclude
covered
loans
and
covered
OREO.
(c)
Tangible
stockholders’
equity
and
tangible
assets
are
non-GAAP
financial
measures.
Please
see
page
32
for
additional
information.
Company Capital
12/31/14
Stockholders’
equity / total assets
11.91%
Tangible stockholders’
equity / tangible
assets excluding accumulated other
comprehensive loss, net of tax
7.35%
(c)
Leverage capital ratio
8.04%
Tier 1 capital ratio
12.30%
Bank Capital
12/31/14
The Community Bank:
Leverage capital ratio
7.73%
Tier 1 capital ratio
12.02%
The Commercial Bank:
Leverage capital ratio
9.25%
Tier 1 capital ratio
12.08%
Balance Sheet
12/31/14
Total loans / total assets
73.8%
Securities / total assets
14.6%
Deposits / total assets
58.3%
Wholesale borrowings / total assets
28.6%
Asset Quality
At or for the Three Months Ended 12/31/14
Non-performing loans
(a)
/ total loans
(a)
0.23%
Non-performing assets
(b)
/ total assets
(b)
0.30%
Net charge-offs / average loans (non-
annualized)
0.00%
Our balance sheet measures reflect stability and strength.

A Successful
Business Model
*
*
*
*
*
*
*
*
****************

8
New
York
Community
Bancorp,
Inc.
4Q 2014
Multi-Family
Lending
Strong Credit
Standards/
Superior Asset
Quality
Residential
Mortgage
Banking
Efficient
Operation
Growth
through
Acquisitions
We have
originated $57.3
billion of multi-
family loans over
the course of our
public life.
Net charge-offs
have averaged a
mere 0.04% since
1993.
Since January
2010, our
residential
mortgage banking
operation has
originated $38.0
billion of 1-4 family
loans for sale and
generated
mortgage banking
income of $584.4
million.
Our efficiency ratio
has consistently
ranked in the top
3% of all banks and
thrifts.
Our assets have
grown from $1.9
billion to $48.6
billion since our
first acquisition in
November 2000.
Our business model has consistently focused on building
value for our investors. 

Multi-Family
Loan Production
*
*
*
*
*
*
*
****************

10
New
York
Community
Bancorp,
Inc.
4Q 2014
60.9%
of
the
rental
housing
units
in
New
York
City
are
subject
to
rent
regulation
and
therefore
feature
below-market
rents.
(a)
Rent-regulated
buildings
are
more
likely
to
retain
their
tenants
and,
therefore,
their
revenue
stream
in
downward
credit
cycles.
Our
focus
on
multi-family
lending
in
this
niche
market
has
contributed
to
our
record
of
asset
quality.
Multi-family
loans
are
less
costly
to
produce
and
service
than
other
types
of
loans,
and
therefore
contribute
to
our
superior
efficiency.
(a)
Source:
New
York
City
Rent
Guidelines
Board
2014
Housing
Supply
Report
Our
focus
on
multi-family
lending
on
rent-regulated
buildings
has
enabled
us
to
distinguish
ourselves
from
our
industry
peers.

11
New
York
Community
Bancorp,
Inc.
4Q 2014
PORTFOLIO STATISTICS
AT 12/31/2014
% of non-covered loans held for
investment = 72.2%
Average
principal
balance
=
$5.0
million
Expected
weighted
average
life
=
3.0
years
% of our multi-family loans located in Metro
New York = 84.1%
MULTI-FAMILY
LOAN PORTFOLIO
(in millions)
We
are
the
leading
producer
of
multi-family
loans
for
portfolio
in
New
York
City.

12
New
York
Community
Bancorp,
Inc.
4Q 2014
PORTFOLIO STATISTICS
AT 12/31/2014
% of non-covered loans held for
investment = 23.1%
Average principal balance = $5.0 million
Expected weighted average life = 3.2 years
% of our CRE loans located in Metro New
York = 91.9%
Our CRE loans are typically collateralized by
office buildings, retail centers, mixed-use
buildings, and multi-tenanted light industrial
properties.
(in millions)
COMMERCIAL REAL ESTATE
LOAN PORTFOLIO
Our
commercial
real
estate
loans
feature
the
same
structure
as
our
multi-family
loans.

Asset
Quality
*
*
*
*
*
*
*
*****************

14
New
York
Community
Bancorp,
Inc.
4Q 2014
S
&
L
Crisis
NET CHARGE-OFFS / AVERAGE LOANS
5-Year Total
NYCB:  17 bp
SNL U.S. Bank and Thrift Index: 540 bp
4-Year Total
NYCB: 37 bp
SNL U.S. Bank and Thrift Index: 803 bp
SNL U.S. Bank and Thrift Index
NYCB
Great
Recession
Current
Credit
Cycle
4-Year Total
NYCB: 54 bp
SNL U.S. Bank and Thrift Index: 395
bp
We have been distinguished by our low level of net charge-
offs in downward credit cycles.

New
York
Community
Bancorp,
Inc.
15
4Q 2014
S
&
L
Crisis
Great
Recession
Current
Credit
Cycle
NON-PERFORMING
LOANS
(a)(b)
/
TOTAL
LOANS
(a)
(a)
Non-performing
loans
and
total
loans
exclude
covered
loans.
(b)
Non-performing
loans
are
defined
as
non-accrual
loans
and
loans
90
days
or
more
past
due
but
still
accruing
interest.
Average NPLs/Total Loans
NYCB: 2.08%
SNL U.S. Bank and Thrift Index: 3.34%
Average NPLs/Total Loans
NYCB: 1.43%
SNL U.S. Bank and Thrift Index: 2.89%
SNL U.S. Bank and Thrift Index
NYCB
Average NPLs/Total Loans
NYCB: 0.71%
SNL U.S. Bank and Thrift Index: 1.82%
The quality of our loan portfolio continues to exceed that of
our industry.

16
New
York
Community
Bancorp,
Inc.
4Q 2014
Conservative
Underwriting
Active Board
Involvement
Multiple
Appraisals
Risk-Averse Mix of
Non-Covered Loans
Held for Investment
(at 12/31/14)
•
Conservative loan-to-
value ratios
•
Conservative debt
coverage ratios: 120%
for multi-family loans,
and 130% for
commercial real estate
(“CRE”) loans
•
Multi-family and CRE
loans are based on the
lower of economic or
market value.
•
All loans originated for
portfolio are reviewed
by the Mortgage or
Credit Committee (a
majority of the Board of
Directors).
•
A member of the
Mortgage or Credit
Committee participates
in inspections on multi-
family loans in excess of
$7.5 million, and CRE
and acquisition,
development, and
construction (“ADC”)
loans in excess of $4.0
million.
•
All properties are
appraised by
independent appraisers.
•
All independent
appraisals are reviewed
by in-house appraisal
officers.
•
A second independent
appraisal review is
performed on loans that
are large and complex.
•
Multi-family:  72.2%
•
CRE:  23.1%
•
One-to-Four Family: 
0.4%
•
ADC:  0.8%
•
Commercial and
Industrial:  3.4%
The quality of our assets reflects the nature of our lending
niche and our strong underwriting standards.

Residential
Mortgage Banking
*
*
*
*
*
*
*
*
**************

18
New
York
Community
Bancorp,
Inc.
4Q 2014
Features
Loans
can
be
originated/purchased
in
all
50
states
and
the
District
of
Columbia.
Loan
production
is
driven
by
our
proprietary
real
time,
web-accessible
mortgage
banking
technology
platform,
which
securely
controls
the
lending
process
while
mitigating
business
and
regulatory
risks.
Our
890
approved
clients
include
community
banks,
credit
unions,
mortgage
companies,
and
mortgage
brokers.
100%
of
loans
funded
are
full
documentation,
prime
credit
loans.
Credit Quality
As
of
December
31,
2014,
99.8%
of
all
funded
loans
were
current.
Limited
Repurchase Risk
Of
the
12
loans
we
repurchased
in
2014,
six
were
loans
acquired
in
merger
transactions
prior
to
2009.
Benefits
Since
January
2010,
our
mortgage
banking
business
has
originated
1-4
family
loans
of
$38.0
billion
and
generated
mortgage
banking
income
of
$584.4
million.
Our
proprietary
mortgage
banking
platform
has
enabled
us
to
expand
our
revenues,
market
share,
and
product
line.
Over
time,
mortgage
banking
income
has
supported
the
stability
of
our
return
on
average
tangible
assets,
even
in
times
of
interest
rate
volatility.
Our revenue mix has been enhanced since the establishment of
our mortgage banking operation in January 2010.

19
New
York
Community
Bancorp,
Inc.
4Q 2014
Average 10-Year
Treasury Rate
Return on Average
Tangible
Assets
(a)
Total:
Prepayment Penalty Income
Mortgage Banking Income
4Q 2011
1Q 2012
2Q 2012
3Q 2012
4Q 2012
1Q 2013
2Q 2013
3Q 2013
4Q 2013
1Q 2014
2Q 2014
3Q 2014
4Q 2014
(a)
ROTA
is
a
non-GAAP
financial
measure.
Please
see
page
33
for
additional
information.
(dollars in millions)
Prepayment penalty income and mortgage banking income have
contributed to the stability of our ROTA.

Efficiency
*
*
*
*
*
*
*
*
**************

21
New
York
Community
Bancorp,
Inc.
4Q 2014
Multi-family
and
CRE
lending
are
both
broker-
driven,
with
the
borrower
paying
fees
to
the
mortgage
brokerage
firm.
Products
and
services
are
typically
developed
by
third-party
providers
and
the
sale
of
these
products
generates
additional
revenues.
Franchise
expansion
has
largely
stemmed
from
mergers
and
acquisitions;
we
rarely
engage
in
de
novo
branch
development.
Most
of
our
deposits
have
been
acquired
through
earnings-accretive
acquisitions.
38
of
our
branches
are
located
in-store,
where
rental
space
is
less
costly,
enabling
us
to
supplement
the
service
provided
by
our
traditional
branches
more
efficiently.
SNL U.S. Bank and Thrift Index
NYCB
Our efficiency is driven by several factors.
EFFICIENCY
RATIO

Growth Through
Acquisitions
*
*
*
*
*
*
*
*
*****************

23
New
York
Community
Bancorp,
Inc.
4Q 2014
Note:
The
number
of
branches
indicated
reflects
the
number
of
branches
in
our
current
franchise
that
stemmed
from
each
transaction.
Transaction Type: 
Savings Bank
Commercial Bank
Branch
FDIC
Deposit
Since our first acquisition, we have grown from $1.9 billion
in assets to $48.6 billion.
1.  Nov. 2000
Haven Bancorp
(HAVN)
Assets:
$2.7 billion
Deposits:
$2.1 billion
Branches: 39
2.  July 2001
Richmond County
Financial Corp.
(RCBK)
Assets:
$3.7 billion
Deposits:
$2.5 billion
Branches: 24
3.  Oct. 2003
Roslyn Bancorp,
Inc. (RSLN)
Assets:
$10.4 billion
Deposits:
$5.9 billion
Branches: 38
4.  Dec. 2005
Long Island
Financial Corp.
(LICB)
Assets:
$562 million
Deposits:
$434 million
Branches: 9
5.  April 2006
Atlantic Bank of
New York (ABNY)
Assets:
$2.8 billion
Deposits:
$1.8 billion
Branches:
13
6.  April 2007
PennFed Financial
Services, Inc.
(PFSB)
Assets:
$2.3 billion
Deposits:
$1.6 billion
Branches:
23
7.  July 2007
NYC branch
network of Doral
Bank, FSB (Doral-
NYC)
Assets:
$485 million
Deposits:
$370 million
Branches: 11
8.  Oct. 2007
Synergy Financial
Group, Inc. (SYNF)
Assets:
$892 million
Deposits:
$564 million
Branches:
16
9.  Dec. 2009
AmTrust Bank
Assets:
$11.0 billion
Deposits:
$8.2 billion
Branches: 64
10.  March 2010
Desert Hills Bank
Assets:
$452 million
Deposits:
$375 million
Branches: 3
11.  June 2012
Aurora Bank FSB
Assets:
None
Deposits:
$2.2 billion
Branches: 0
Payment
Received:
$24.0 million

24
New
York
Community
Bancorp,
Inc.
4Q 2014
(in millions)
DEPOSITS
w/ HAVN
w/ RCBK
w/ RSLN
w/ LICB
w/ ABNY
w/
PFSB,
Doral, &
SYNF
w/
AmTrust
w/ Desert
Hills
w/ Aurora
Total Deposits:
$3,268
$5,472
$10,360
$12,168
$12,764
$13,311
$22,418
$21,890
$24,878
$25,661
$28,329
Total Branches:
86
120
139
152
166
217
276
276
275
273
272
CDs
NOW, MMAs, and Savings
Demand deposits
From 2000 to 2012, our deposit growth was largely
acquisition-driven.

25
New
York
Community
Bancorp,
Inc.
4Q 2014
(a)
Includes
originations
of
loans
held
for
sale
of
$888.5
million
in
2009,
$10.8
billion
in
2010,
$7.2
billion
in
2011,
$10.9
billion
in
2012,
$6.2
billion
in
2013,
and
$3.1
billion
in
2014.
LOANS OUTSTANDING
After
HAVN
After
RCBK
After
RSLN
After
LICB
After
ABNY
After
PFSB,
Doral, &
SYNF
After
AmTrust
After
Desert Hills
Total Loans Outstanding:
$3,636
$5,405
$10,499
$17,029
$19,653
$20,363
$28,393
$29,212
$31,773
$32,934
$35,833
Total
Originations:
(a)
$616
$1,150
$4,330
$6,332
$4,971
$4,853
$4,280
$15,193
$19,894
$17,403
$14,204
After Aurora
Held-for-Investment Loans
Multi-family
CRE
All other HFI loans
Loans held for sale
Covered loan portfolio
(in millions)
From
2000
to
2012,
acquisitions
provided
much
of
the
funding
for
the
organic
growth
of
our
loan
portfolio.

Total Return
on Investment
*
*
*
*
*
*
*
*
******************

27
New
York
Community
Bancorp,
Inc.
4Q 2014
(a)
Bloomberg
TOTAL RETURN ON INVESTMENT
As a result of nine stock splits between 1994 and 2004, our charter shareholders have 2,700
shares of NYCB stock for each 100 shares originally purchased.
SNL U.S. Bank and Thrift Index
NYCB
(a)
Our quarterly cash dividends are a significant component of
our commitment to building value for our investors.

Appendix
*
*
*
*
*
*
*
****************

29
New
York
Community
Bancorp,
Inc.
4Q 2014
Cash earnings is a non-GAAP financial measure. The following table presents a reconciliation of the Company’s GAAP and non-GAAP cash earnings
for the three and twelve months ended December 31, 2014.
Reconciliations of GAAP Earnings and Non-GAAP Cash
Earnings
(in thousands, except per share data)
For the
Three Months Ended
December 31, 2014
For the
Twelve Months Ended
December 31, 2014
GAAP Earnings
$131,197
$485,397
Additional contributions to tangible stockholders’
equity:
Amortization and appreciation of shares held in stock-related benefit plans
6,734
27,454
Associated tax effects
656
3,225
Amortization of core deposit intangibles
1,873
8,297
Total additional contributions to tangible stockholders’
equity
9,263
38,976
Cash earnings
$140,460
$524,373
Diluted GAAP Earnings per Share
$0.30
$1.09
Add back:
Amortization and appreciation of shares held in stock-related benefit plans
0.02
0.07
Associated tax effects
--
0.01
Amortization of core deposit intangibles
--
0.02
Total additions
0.02
0.10
Diluted cash earnings per share
$0.32
$1.19

30
New
York
Community
Bancorp,
Inc.
4Q 2014
Cash earnings is a non-GAAP financial measure. The following table presents a reconciliation of the Company’s GAAP and non-GAAP cash
profitability measures for the three and twelve months ended December 31, 2014.
(in thousands)
For the
Three Months Ended
December 31,
2014
For the
Twelve Months Ended
December 31,
2014
Average stockholders’
equity
$ 5,798,260
$ 5,768,795
Less:  Average goodwill and core deposit intangibles
(2,445,262)
(2,448,322)
Average tangible stockholders’
equity
$ 3,352,998
$ 3,320,473
Average assets
$48,870,512
$48,038,072
Less:  Average goodwill and core deposit intangibles
(2,445,262)
(2,448,322)
Average tangible assets
$46,425,250
$45,589,750
Net income
$131,197
$485,397
Add back:  Amortization of core deposit intangibles, net of tax
1,124
4,978
Adjusted net income
$132,321
$490,375
Cash earnings
$140,460
$524,373
Return on average assets
1.07%
1.01%
Cash return on average assets
1.15
1.09
Return on average tangible assets
1.14
1.08
Cash return on average tangible assets
1.21
1.15
Return on average stockholders’
equity
9.05
8.41
Cash return on average stockholders’
equity
9.69
9.09
Return on average tangible stockholders’
equity
15.79
14.77
Cash return on average tangible stockholders’
equity
16.76
15.79
Reconciliations of GAAP Earnings and Non-GAAP Cash
Earnings

31
New
York
Community
Bancorp,
Inc.
4Q 2014
The
following
table
presents
a
reconciliation
of
the
Company’s
efficiency
and
cash
efficiency
ratios
for
the
three
and
twelve
months
ended
December 31,
2014.
Reconciliations of Efficiency and Cash Efficiency Ratios
For the
Three Months Ended
December 31, 2014
For the
Twelve Months Ended
December 31, 2014
(dollars in thousands)
GAAP
Cash
GAAP
Cash
Total net interest income and non-interest income
$354,161
$354,161
$1,341,946
$1,341,946
Operating expenses
$146,238
$146,238
$   579,170
$   579,170
Adjustments:
Amortization and appreciation of shares held in stock-related
benefit plans
--
(6,734)
--
(27,454)
Adjusted operating expenses
$146,238
$139,504
$   579,170
$   551,716
Efficiency ratio
41.29%
39.39%
43.16%
41.11%

32
New
York
Community
Bancorp,
Inc.
4Q 2014
(dollars in thousands)
December 31,
2014
Total stockholders’
equity
$ 5,781,815
Less: Goodwill
(2,436,131)
Core deposit intangibles
(7,943)
Tangible stockholders’
equity
$ 3,337,741
Total assets
$48,559,217
Less: Goodwill
(2,436,131)
Core deposit intangibles
(7,943)
Tangible assets
$46,115,143
Stockholders’
equity to total assets
11.91%
Tangible stockholders’
equity to tangible assets
7.24%
Tangible stockholders’
equity
$3,337,741
Accumulated other comprehensive loss, net of tax
55,686
Adjusted tangible stockholders’
equity
$3,393,427
Tangible assets
$46,115,143
Accumulated other comprehensive loss, net of tax
55,686
Adjusted tangible assets
$46,170,829
Adjusted tangible stockholders’
equity to adjusted tangible assets
7.35%
Tangible
and
adjusted
tangible
stockholders’
equity
and
tangible
and
adjusted
tangible
assets
are
non-GAAP
financial
measures.
The
following
table
presents
reconciliations
of
these
non-GAAP
measures
with
the
related
GAAP
measures
at
December
31,
2014.
Reconciliations of GAAP and Non-GAAP Financial Measures

33
New
York
Community
Bancorp,
Inc.
4Q 2014
For the Three Months Ended
(dollars in thousands)
December 31,
2014
September 30,
2014
June 30,
2014
March 31,
2014
December 31,
2013
September 30,
2013
June 30,
2013
March 31,
2013
December 31,
2012
September 30,
2012
June 30,
2012
March 31,
2012
December 31,
2011
Average Assets
$48,870,512
$48,484,853
$47,897,289
$46,872,770
$46,107,450
$44,343,284
$43,860,167
$43,243,259
$43,087,846
$43,205,076
$41,916,854
$41,775,013
$41,683,129
Less: Average goodwill and core deposit intangibles
(2,445,262)
(2,447,277)
(2,449,260)
(2,451,571)
(2,454,191)
(2,458,145)
(2,462,265)
(2,466,622)
(2,471,204)
(2,476,056)
(2,480,921)
(2,486,018)
(2,491,327)
Average tangible assets
$46,425,250
$46,037,576
$45,448,029
$44,421,199
$43,653,259
$41,885,139
$41,397,902
$40,776,637
$40,616,642
$40,729,020
$39,435,933
$39,288,995
$39,191,802
Net Income
$131,197
$120,258
$118,688
$115,254
$120,155
$114,200
$122,517
$118,675
$122,843
$128,798
$131,212
$118,253
$117,652
Add back:  Amortization of core deposit intangibles,
net of tax
1,124
1,211
1,249
1,394
1,839
2,470
2,509
2,653
2,826
2,913
2,952
3,095
3,269
Adjusted net income
$132,321
$121,469
$119,937
$116,648
$121,994
$116,670
$125,026
$121,328
$125,669
$131,711
$134,164
$121,348
$120,921
Return on average assets
1.07%
0.99%
0.99%
0.98%
1.04%
1.03%
1.12%
1.10%
1.14%
1.19%
1.25%
1.13%
1.13%
Return on average tangible assets
1.14
1.06
1.06
1.05
1.12
1.11
1.21
1.19
1.24
1.29
1.36
1.24
1.23
Average tangible assets is a non-GAAP financial measure. The following table presents a reconciliation of this non-GAAP measure with the related
GAAP measure for the three months ended December 31, September 30, June 30, and March 31, 2014; December 31, September 30, June 30, and
March 31, 2013; December 31, September 30, June 30, and March 31, 2012; and December 31, 2011.
Reconciliations of GAAP and Non-GAAP Financial Measures

34
New
York
Community
Bancorp,
Inc.
4Q 2014
2/4/15
Visit our website: 
ir.myNYCB.com
E-mail requests to: 
ir@myNYCB.com
Call Investor Relations at: 
(516) 683-4420
Write to:
Investor Relations
New York Community Bancorp, Inc.
615 Merrick Avenue
Westbury, NY  11590
For More Information