8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 3, 2015

NEW YORK COMMUNITY BANCORP, INC.

(Exact name of registrant as specified in its charter)

Delaware	1-31565	06-1377322
(State or other jurisdiction of incorporation or organization)	Commission File Number	(I.R.S. Employer Identification No.)

615 Merrick Avenue, Westbury, New York 11590

(Address of principal executive offices)

(516) 683-4100

(Registrant’s telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

CURRENT REPORT ON FORM 8-K

Item 7.01     Regulation FD Disclosure

Beginning on August 3, 2015, New York Community Bancorp, Inc. (the “Company”) intends to distribute and make available to investors, and to post on its website, a written presentation regarding its business model and its financial performance for the three and six months ended June 30, 2015.

Item 9.01     Financial Statements and Exhibits

(d) Attached as Exhibit 99.1 is the text of a written presentation that the Company intends to distribute and make available to investors, and to post on its website, beginning on August 3, 2015.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 3, 2015	NEW YORK COMMUNITY BANCORP, INC.
		/s/ Ilene A. Angarola
		Ilene A. Angarola
		Executive Vice President and Director, Investor Relations

EXHIBIT INDEX

Exhibit 99.1 Written presentation to be distributed and made available to investors, and posted on the Company’s website, beginning on August 3, 2015.

EX-99.1

Second Quarter 2015

Investor Presentation

Exhibit 99.1

New York Community Bancorp, Inc.

2Q 2015

2

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 2014 Annual Report on Form 10-K and our Quarterly Report on Form 10-Q for the three months ended

March 31, 2015.  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. 

New York Community Bancorp, Inc.

3

2Q 2015

Note:  Except as otherwise indicated, all industry data was provided by SNL Financial as of 7/31/15.

(a)

Bloomberg

Assets

Deposits

Multi-Family

Loans

Market Cap

Total Return

on Investment

$48.6 billion

$28.6 billion

$23.8 billion

$8.2 billion

5,132%

With assets of

$48.6 billion at

6/30/15, we are

the 22nd largest 

U.S. bank holding

company.

With deposits of

$28.6 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 June, we

are a leading

producer of multi-

family loans in

New York

City.

With a market cap

of $8.2 billion

at

6/30/15, we rank

21st

among the

nation’s publicly

traded banks and

thrifts.

From 11/23/93

through 6/30/15,

we provided our

charter investors

with a total return

on investment of

5,132%.

(a)

We are one of the top 25 U.S. bank holding companies.

2Q 2015

Performance Highlights

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New York Community Bancorp, Inc.

5

2Q 2015

(dollars in thousands, except per share data)

(a)

Cash earnings is a non-GAAP financial measure. Please see page 30 for a reconciliation of our GAAP and non-GAAP cash earnings.

(b)

ROTA and ROTE are non-GAAP financial measures. Please see page 31 for additional information.

(c)

Please see page 32 for a reconciliation of our efficiency and cash efficiency ratios.

We generated solid earnings in 2Q 2015.

PERFORMANCE HIGHLIGHTS

2Q 2015

GAAP Earnings

Cash Earnings

(a)

Strong Profitability Measures:

Earnings

$123,704

$133,189

EPS

$0.28

$0.30

Return on average tangible assets

(b)

1.09%

1.16%

Return on average tangible stockholders’ equity

(b)

14.79

15.82

Net interest margin

2.64

2.64

Efficiency ratio

(c)

43.40

41.25

New York Community Bancorp, Inc.

6

2Q 2015

(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 33 for additional information.

Company Capital

6/30/15

Stockholders’ equity / total assets

11.95%

Tangible stockholders’ equity / tangible

assets excluding accumulated other

comprehensive loss, net of tax

7.41%

(c)

Common equity tier 1 capital ratio

10.82%

Leverage capital ratio

7.68%

Bank Capital

6/30/15

The Community Bank:

Common equity tier 1 capital ratio

11.41%

Leverage capital ratio

7.92%

The Commercial Bank:

Common equity tier 1 capital ratio

12.77%

Leverage capital ratio

9.34%

Balance

Sheet

6/30/15

Total loans / total assets

74.0%

Securities / total assets

14.0%

Deposits / total assets

58.8%

Wholesale borrowings / total assets

28.1%

Asset Quality

At or

for the Three Months Ended 6/30/15

Non-performing loans

(a)

/ total loans

(a)

0.18%

Non-performing assets

(b)

/ total assets

(b)

0.18%

Net charge-offs / average loans (non-

annualized)

0.00%

Our balance sheet measures reflect stability and strength.

New York Community Bancorp, Inc.

7

2Q 2015

From 9/30/14 to 6/30/15, we managed our assets below the current SIFI threshold while

maintaining our high-volume production of multi-family and CRE loans.

Strategic Asset

Management

Total Assets

9/30/14

$48.7 Billion

•

Reduced securities by $687.8 million through a combination of

repayments, sales, and calls

•

Sold loans of $1.6 billion:

-

$970.1 million of multi-family loans (largely through participations)

-

$139.7 million of commercial real estate (“CRE”) loans (including

through

participations)

-

$522.2 million of 1–4 family loans

Total Assets

6/30/15

$48.6 Billion

•

Originated $6.1 billion of multi-family loans

•

Originated

$1.5 billion of CRE loans

Results:  A $31.2 million reduction in total assets from

9/30/14

–

6/30/15 without sacrificing our solid standing in

our primary lending niche.

A Successful

Business Model

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New York Community Bancorp, Inc.

9

2Q 2015

Multi-Family

Lending

Strong Credit

Standards/

Superior Asset

Quality

Residential

Mortgage

Banking

Efficient

Operation

Growth

through

Acquisitions

We have originated

$61.5 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 $40.9

billion of 1-4 family

loans for sale and

generated

mortgage banking

income of $618.8

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

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New York Community Bancorp, Inc.

11

2Q 2015

61.1% 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 2015 Housing Supply Report

Our focus on multi-family lending on rent-regulated buildings has

enabled us to distinguish ourselves from our industry peers.

New York Community Bancorp, Inc.

12

2Q 2015

PORTFOLIO STATISTICS

AT 6/30/2015

MULTI-FAMILY

LOAN PORTFOLIO

(in millions)

We are a leading producer of multi-family loans for portfolio

in New York City.

% of non-covered loans held for

investment = 70.7%

Average principal balance = $4.9 million

Weighted average life = 2.7 years

% of our multi-family loans located in Metro

New York = 83.8%

New York Community Bancorp, Inc.

13

2Q 2015

PORTFOLIO STATISTICS

AT 6/30/2015

% of non-covered loans held for

investment = 24.0%

Average principal balance = $5.4 million

Weighted average life = 3.1 years

% of our CRE loans located in Metro New

York = 92.0%

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

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New York Community Bancorp, Inc.

15

2Q 2015

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

4.5-Year Total

NYCB: 54 bp

SNL U.S. Bank and Thrift Index: 457 bp

We have been distinguished by our low level of net charge-

offs in downward credit cycles.

* Annualized

1.77%

1.24%

0.76%

0.43%

0.37%

0.35%

0.13%

0.05%

0.01%

0.00%

2011

2012

2013

2014

1H 2015

*

New York Community Bancorp, Inc.

16

2Q 2015

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 and non-covered purchased credit-impaired 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: 0.60%

SNL U.S. Bank and Thrift Index: 1.71%

The quality of our loan portfolio continues to exceed that of

our industry.

2.60%

2.22%

1.66%

1.26%

0.80%

1.28%

0.96%

0.35%

0.23%

0.18%

12/31/11

12/31/12

12/31/13

12/31/14

6/30/15

New York Community Bancorp, Inc.

17

2Q 2015

Conservative

Underwriting

Active Board

Involvement

Multiple

Appraisals

Risk-Averse Mix of

Non-Covered Loans

Held for Investment

(at 6/30/15)

•

Conservative loan-to-

value ratios

•

Conservative debt

coverage ratios: 120%

for multi-family loans,

and 130% for 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 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:  70.7%

•

CRE:  24.0%

•

One-to-Four Family:  0.3%

•

ADC:  0.8%

•

Commercial and

Industrial:  4.0%

The quality of our assets reflects the nature of our lending

niche and our strong underwriting standards.

Residential

Mortgage Banking

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New York Community Bancorp, Inc.

19

2Q 2015

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 900 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 June 30, 2015, 99.8% of all funded loans were current.

Limited

Repurchase Risk

Of the six

loans that were repurchased in 1H 2015, four were subsequently

resolved, and two were placed back into portfolio.

Benefits

Since January 2010, our mortgage banking business has originated 1-4 family loans

of $40.9 billion and generated mortgage banking income of $618.8 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.

New York Community Bancorp, Inc.

20

2Q 2015

Average 10-Year

Treasury Rate

Return on Average

Tangible Assets 

(a)

Total:

Prepayment Penalty Income

Mortgage Banking Income

2Q 2012

3Q 2012

4Q 2012

1Q 2013

2Q 2013

3Q 2013

4Q 2013

1Q 2014

2Q 2014

3Q 2014

4Q 2014

1Q 2015

2Q 2015

(a)

ROTA is a non-GAAP financial measure.  Please see page 34 for additional information.

(dollars in millions)

Prepayment penalty income and mortgage banking income have

contributed to the stability of our ROTA.

Efficiency

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New York Community Bancorp, Inc.

22

2Q 2015

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

67.12%

66.59%

65.93%

65.41%

66.27%

40.03%

40.75%

42.71%

43.16%

44.20%

2011

2012

2013

2014

1H 2015

Growth Through

Acquisitions

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New York Community Bancorp, Inc.

24

2Q 2015

Note:

The number of branches indicated reflects the number of branches in our current franchise that stemmed from each transaction.

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

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.

New York Community Bancorp, Inc.

25

2Q 2015

(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

$28,597

Total Branches:

86

120

139

152

166

217

276

276

275

273

272

272

CDs

NOW,

MMAs, and Savings

Demand deposits

From 2000 to 2012, our deposit growth was largely

acquisition-driven.

New York Community Bancorp, Inc.

26

2Q 2015

(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, $3.1

billion in 2014, and $2.9 billion in 1H 2015.

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

$36,180

Total Originations:

(a)

$616

$1,150

$4,330

$6,332

$4,971

$4,853

$4,280

$15,193

$19,894

$17,403

$14,204

$9,053

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

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New York Community Bancorp, Inc.

28

2Q 2015

CAGR since IPO:

27.2%

(a)

Bloomberg

TOTAL RETURN ON INVESTMENT

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.

5,132%

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.

244%

213%

209%

245%

168%

260%

393%

450%

476%

717%

2,059%

2,754%

3,843%

2,670%

3,069%

4,265%

4,319%

11/23/93

12/31/99

12/31/08

12/31/09

12/31/10

12/31/11

12/31/12

12/31/13

12/31/14

6/30/15

Appendix

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New York Community Bancorp, Inc.

30

2Q 2015

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 months ended June 30, 2015.

Reconciliations of GAAP Earnings and Non-GAAP Cash

Earnings

(in thousands, except per share data)

For the

Three Months Ended

June 30, 2015

GAAP Earnings

$123,704

Additional contributions to tangible stockholders’ equity:

Amortization and appreciation of shares held in stock-related benefit plans

7,462

Associated tax effects

678

Amortization

of

core

deposit

intangibles

1,345

Total additional contributions to tangible stockholders’ equity

9,485

Cash earnings

$133,189

Diluted GAAP Earnings per Share

$0.28

Add back:

Amortization and appreciation of shares held in stock-related benefit plans

0.02

Associated tax effects

--

Amortization

of

core

deposit

intangibles

--

Total additions

0.02

Diluted cash earnings per share

$0.30

New York Community Bancorp, Inc.

31

2Q 2015

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 months ended June 30, 2015.

(in thousands)

For the

Three Months Ended

June 30,

2015

Average stockholders’ equity

$ 5,809,787

Less:  Average goodwill and core deposit intangibles

(2,442,007)

Average tangible stockholders’ equity

$ 3,367,780

Average assets

$48,329,195

Less:  Average goodwill and core deposit intangibles

(2,442,007)

Average tangible assets

$45,887,188

Net income

$123,704

Add back:  Amortization of core deposit intangibles, net of tax

807

Adjusted net income

$124,511

Cash earnings

$133,189

Return on average assets

1.02%

Cash return on average assets

1.10

Return on average tangible assets

1.09

Cash return on average tangible assets

1.16

Return on average stockholders’ equity

8.52

Cash return on average stockholders’ equity

9.17

Return on average tangible stockholders’ equity

14.79

Cash return on average tangible stockholders’ equity

15.82

Reconciliations of GAAP Earnings and Non-GAAP Cash

Earnings

New York Community Bancorp, Inc.

32

2Q 2015

The

following

table

presents

a

reconciliation

of

the

Company’s

efficiency

and

cash

efficiency

ratios

for

the

three

months

ended

June

30,

2015.

Reconciliations of Efficiency and Cash Efficiency Ratios

For the

Three Months Ended

June 30, 2015

(dollars in thousands)

GAAP

Cash

Total net interest income and non-interest income

$346,998

$346,998

Operating expenses

$150,585

$150,585

Adjustments:

Amortization and appreciation of shares held in stock-related

benefit plans

--

(7,462)

Adjusted operating expenses

$150,585

$143,123

Efficiency ratio

43.40%

41.25%

New York Community Bancorp, Inc.

33

2Q 2015

(dollars in thousands)

June 30,

2015

Total stockholders’ equity

$ 5,814,623

Less: Goodwill

(2,436,131)

Core deposit intangibles

(5,014)

Tangible stockholders’ equity

$ 3,373,478

Total assets

$48,648,532

Less: Goodwill

(2,436,131)

Core deposit intangibles

(5,014)

Tangible assets

$46,207,387

Stockholders’ equity to total assets

11.95%

Tangible stockholders’ equity to tangible assets

7.30%

Tangible stockholders’ equity

$3,373,478

Accumulated other comprehensive loss, net of tax

53,610

Adjusted tangible stockholders’ equity

$3,427,088

Tangible assets

$46,207,387

Accumulated other comprehensive loss, net of tax

53,610

Adjusted tangible assets

$46,260,997

Adjusted tangible stockholders’ equity to adjusted tangible assets

7.41%

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 June 30, 2015.

Reconciliations of GAAP and Non-GAAP Financial Measures

New York Community Bancorp, Inc.

34

2Q 2015

For the Three Months Ended

(dollars in thousands)

June 30,

2015

March

31,

2015

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

Average Assets

$48,329,195

$48,769,552

$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

Less: Average goodwill and core deposit intangibles

(2,442,007)

(2,443,528)

(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)

Average tangible assets

$45,887,188

$46,326,024

$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

Net Income

$123,704

$119,259

$131,197

$120,258

$118,688

$115,254

$120,155

$114,200

$122,517

$118,675

$122,843

$128,798

$131,212

Add back:

Amortization of core deposit intangibles,

net of tax

807

950

1,124

1,211

1,249

1,394

1,839

2,470

2,509

2,653

2,826

2,913

2,952

Adjusted net income

$124,511

$120,209

$132,321

$121,469

$119,937

$116,648

$121,994

$116,670

$125,026

$121,328

$125,669

$131,711

$134,164

Return on average assets

1.02%

0.98%

1.07%

0.99%

0.99%

0.98%

1.04%

1.03%

1.12%

1.10%

1.14%

1.19%

1.25%

Return on average tangible assets

1.09

1.04

1.14

1.06

1.06

1.05

1.12

1.11

1.21

1.19

1.24

1.29

1.36

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 June 30, and March 31, 2015; December 31, September 30, June 30, and March 31, 2014; December 31,

September 30, June 30, and March 31, 2013; and December 31, September 30, and June 30, 2012.

Reconciliations of GAAP and Non-GAAP Financial Measures

New York Community Bancorp, Inc.

35

2Q 2015

8/3/15

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