Flagstar Financial (FLG) 8-K Forward-Looking Statements and Associated Risk Factors

Third Quarter 2014

Investor Presentation

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EXHIBIT 99.1

New York Community Bancorp, Inc.

Page 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.  In addition,

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, and June 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 to 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.

Page 3

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

Note:  Except as otherwise indicated, all industry data was provided by SNL Financial as of 10/31/14.

(a)

Bloomberg

Assets

Deposits

Multi-Family

Loans

Market Cap

Total Return

on Investment

$48.7 billion

$28.3 billion

$22.9 billion

$7.0 billion

4,216%

With assets of

$48.7

billion

at

9/30/14, 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

22nd among the

nation’s largest

depositories.

With a portfolio of

$22.9

billion

at

the

end of September,

we are a leading

producer of multi-

family loans in

New York City.

With a market cap

of

$7.0

billion

at

9/30/14, we rank

20th among the

nation’s publicly

traded banks and

thrifts.

From 11/23/93

through 9/30/14,

we provided our

charter investors

with a total return

on investment of

4,216%.

(a)

3rd Quarter 2014

Performance Highlights

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New York Community Bancorp, Inc.

Page 5

(dollars in thousands, except per share data)

(a)

Cash earnings is a non-GAAP financial measure. Please see page 29 for a reconciliation of our GAAP and cash earnings.

(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.

We generated solid earnings in 3Q 2014.

PERFORMANCE HIGHLIGHTS

GAAP Earnings

Cash Earnings

(a)

3Q 2014

2Q 2014

3Q 2014

2Q 2014

Strong Profitability Measures:

Earnings

$120,258

$118,688

$129,605

$128,571

EPS

$0.27

$0.27

$0.29

$0.29

Return on average tangible assets

(b)

1.06%

1.06%

1.13%

1.13%

Return

on

average

tangible

stockholders’

equity

(b)

14.59

14.46

15.57

15.50

Net interest margin

2.69

2.66

2.69

2.66

Efficiency ratio

(c)

43.35

43.37

41.29

41.20

New York Community Bancorp, Inc.

Page 6

Our balance sheet measures reflect stability and strength.

Balance Sheet

Asset Quality

Company Capital

Bank Capital

Ratios to Total Assets

at 9/30/14

At or for the 3 Months Ended

9/30/14

9/30/14

9/30/14

•

Total loans = 72.8%

•

Securities = 15.4%

•

Deposits = 58.2%

•

Wholesale borrowings =

28.8%

•

Non-performing loans

(a)

/

total loans

(a)

= 0.25%

•

Non-performing assets

(b)

/

total assets

(b)

=

0.31%

•

Net charge-offs / average

loans = (0.00)%

(non-

annualized)

•

Stockholders’

equity / total

assets = 11.87%

•

Tangible stockholders’

equity / tangible assets

excluding accumulated

other comprehensive loss,

net of tax = 7.21%

(c)

•

Leverage capital ratio =

8.05%

•

Tier 1 capital ratio =

12.10%

The Community Bank:

•

Leverage capital ratio =

7.65%

•

Tier 1 capital ratio =

11.63%

The Commercial Bank:

•

Leverage capital ratio =

10.06%

•

Tier 1 capital ratio =

13.25%

(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.

A Successful

Business Model

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New York Community Bancorp, Inc.

Page 8

Our business model has consistently focused on building

value for our investors. 

Multi-Family

Lending

Strong Credit

Standards/

Superior Asset

Quality

Residential

Mortgage

Banking

Efficient

Operation

Growth

through

Acquisitions

We

have

originated

$55.4

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 $37.1

billion of 1-4 family

loans for sale and

generated

mortgage banking

income of $568.0

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 $48.7

billion since our

first acquisition in

November 2000.

Multi-Family

Loan Production

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New York Community Bancorp, Inc.

Page 10

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 a downward credit cycle.

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.

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

enabled us to distinguish ourselves from our industry peers.

(a)

Source:  New York City Rent Guidelines Board 2014 Housing Supply Report

New York Community Bancorp, Inc.

Page 11

We are the leading producer of multi-family loans for

portfolio in New York City.

PORTFOLIO STATISTICS

AT 9/30/2014

MULTI-FAMILY

LOAN PORTFOLIO

(in millions)

•

•

•

•

% of non-covered loans held for

investment = 70.9%

Average principal balance = $4.8 million

Expected

weighted

average

life

=

2.8

years

% of our multi-family loans located in Metro

New York = 84.6%

New York Community Bancorp, Inc.

Page 12

Our commercial real estate loans feature the same structure

as our multi-family loans.

PORTFOLIO STATISTICS

AT 9/30/2014

% of non-covered loans held for

investment = 23.8%

Average principal balance = $4.9 million

Expected

weighted

average

life

=

3.4

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

Asset

Quality

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New York Community Bancorp, Inc.

Page 14

S & L Crisis

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

offs in downward credit cycles.

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: 397

bp

* Annualized

*

New York Community Bancorp, Inc.

Page 15

S & L Crisis

The quality of our loan portfolio continues to exceed that of

our industry.

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: 1.84%

New York Community Bancorp, Inc.

Page 16

The quality of our assets reflects the nature of our lending niche and our

strong underwriting standards.

Conservative

Underwriting

Active Board

Involvement

Multiple

Appraisals

Risk-Averse Mix of

Non-Covered Loans

Held for Investment

(at 9/30/14)

•

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:  70.9%

•

CRE:  23.8%

•

One-to-

Four

Family:

1.3%

•

ADC:  1.0%

•

Commercial and

Industrial:  3.0%

Residential

Mortgage Banking

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New York Community Bancorp, Inc.

Page 18

Our revenue mix has been enhanced since the establishment of

our mortgage banking operation in January 2010.

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 September 30, 2014, 99.8% of all funded loans were current.

Limited

Repurchase Risk

Of

the

12

loans

we

repurchased

in

the

first

nine

months

of

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

$37.1

billion

and

generated

mortgage

banking

income

of

$568.0

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.

New York Community Bancorp, Inc.

Page 19

Average 10-Year

Treasury Rate

Return on Average

Tangible Assets 

(a)

Prepayment penalty income and mortgage banking income have

contributed to the stability of our ROTA.

Total:

Prepayment Penalty Income

Mortgage Banking Income

3Q 2011

4Q 2011

1Q 2012

2Q 2012

3Q 2012

4Q 2012

1Q 2013

2Q 2013

3Q 2013

4Q 2013

1Q 2014

2Q 2014

3Q 2014

(a)

ROTA is a non-GAAP financial measure.  Please see page 33 for additional information.

(dollars in millions)

Efficiency

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New York Community Bancorp, Inc.

Page 21

Our efficiency is driven by several factors.

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

66.61%

66.96%

65.91%

65.38%

62.98%

40.75%

42.71%

44.81%

43.37%

43.35%

2012

2013

1Q 2014

2Q 2014

3Q 2014

EFFICIENCY RATIO

Growth Through

Acquisitions

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New York Community Bancorp, Inc.

Page 23

Since our first acquisition, we have grown from $1.9 billion

in assets to $48.7 billion.

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

New York Community Bancorp, Inc.

Page 24

From 2000 to 2012, our deposit growth was largely

acquisition-driven.

(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

$28,308

Total Branches:

86

120

139

152

166

217

276

276

275

273

272

New York Community Bancorp, Inc.

Page 25

(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

$2.2 billion in the first nine months of 2014.

From 2000 to 2012, acquisitions provided much of the

funding for the organic growth of our loan portfolio.

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

$35,437

Total Originations:

(a)

$616

$1,150

$4,330

$6,332

$4,971

$4,853

$4,280

$15,193

$19,894

$17,403

$10,503

After Aurora

(in millions)

Total Return

on Investment

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New York Community Bancorp, Inc.

Page 27

Our quarterly cash dividends are a significant component of

our commitment to building value for our investors.

CAGR since IPO:

27.3%

(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.

Appendix

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New York Community Bancorp, Inc.

Page 29

Reconciliations of GAAP and Non-GAAP Financial Measures

Cash earnings is a non-GAAP financial measure. The following table presents a reconciliation of the Company’s GAAP and cash earnings for the three

months ended September 30, and June 30, 2014.

For the Three Months Ended

(in thousands, except per share data)

September 30, 2014

June 30, 2014

GAAP Earnings

$120,258

$118,688

Additional contributions to tangible stockholders’

equity:

Amortization and appreciation of shares held in stock-

related benefit plans

6,778

7,278

Associated tax effects

550

523

Amortization of core deposit intangibles

2,019

2,082

Total additional contributions to tangible stockholders’

equity

9,347

9,883

Cash earnings

$129,605

$128,571

Diluted GAAP Earnings per Share

$0.27

$0.27

Add back:

Amortization and appreciation of shares held in stock-

related benefit plans

0.02

0.02

Associated tax effects

--

--

Amortization of core deposit intangibles

--

--

Total additions

0.02

0.02

Diluted cash earnings per share

$0.29

$0.29

New York Community Bancorp, Inc.

Page 30

Cash earnings is a non-GAAP financial measure. The following table presents a reconciliation of the Company’s GAAP and cash profitability measures

for the three months ended September 30, and June 30, 2014.

Reconciliations of GAAP and Non-GAAP Financial Measures

For the Three Months Ended

(in thousands)

September 30,

2014

June 30,

2014

Average stockholders’

equity

$ 5,776,440

$ 5,767,564

Less:  Average goodwill and core deposit intangibles

(2,447,277)

(2,449,260)

Average tangible stockholders’

equity

$ 3,329,163

$ 3,318,304

Average assets

$48,484,853

$47,897,289

Less:  Average goodwill and core deposit intangibles

(2,447,277)

(2,449,260)

Average tangible assets

$46,037,576

$45,448,029

Net income

$120,258

$118,688

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

1,211

1,249

Adjusted net income

$121,469

$119,937

Cash earnings

$129,605

$128,571

Return on average assets

0.99%

0.99%

Cash return on average assets

1.07

1.07

Return on average tangible assets

1.06

1.06

Cash return on average tangible assets

1.13

1.13

Return on average stockholders’

equity

8.33

8.23

Cash return on average stockholders’

equity

8.97

8.92

Return on average tangible stockholders’

equity

14.59

14.46

Cash return on average tangible stockholders’

equity

15.57

15.50

New York Community Bancorp, Inc.

Page 31

Reconciliations of Efficiency and Cash Efficiency Ratios

The following table presents a reconciliation of the Company’s efficiency and cash efficiency ratios for the three months ended September 30, and June

30, 2014.

For the Three Months Ended

September 30, 2014

June 30, 2014

(dollars in thousands)

Cash

Cash

Total net interest income and non-interest income

$330,315

$330,315

$336,085

$336,085

Operating expenses

$143,176

$143,176

$145,754

$145,754

Adjustments:

Amortization and appreciation of shares held in

stock-related benefit plans

--

(6,778)

--

(7,278)

Adjusted operating expenses

$143,176

$136,398

$145,754

$138,476

Efficiency ratio

43.35%

41.29%

43.37%

41.20%

New York Community Bancorp, Inc.

Page 32

(dollars in thousands)

September 30,

2014

June 30,

2014

Total stockholders’

equity

$ 5,777,998

$ 5,761,018

Less: Goodwill

(2,436,131)

(2,436,131)

Core deposit intangibles

(9,816)

(11,835)

Tangible stockholders’

equity

$ 3,332,051

$ 3,313,052

Total assets

$48,679,772

$48,604,772

Less: Goodwill

(2,436,131)

(2,436,131)

Core deposit intangibles

(9,816)

(11,835)

Tangible assets

$46,233,825

$46,156,806

Stockholders’

equity to total assets

11.87%

11.85%

Tangible stockholders’

equity to tangible assets

7.21%

7.18%

Tangible stockholders’

equity

$3,332,051

$3,313,052

Accumulated other comprehensive loss, net of tax

32,433

32,584

Adjusted tangible stockholders’

equity

$3,364,484

$3,345,636

Tangible assets

$46,233,825

$46,156,806

Accumulated other comprehensive loss, net of tax

32,433

32,584

Adjusted tangible assets

$46,266,258

$46,189,390

Adjusted tangible stockholders’

equity to adjusted tangible assets

7.27%

7.24%

Tangible and adjusted tangible stockholders’

equity and tangible and adjusted tangible assets are non-GAAP capital measures. The following table

presents reconciliations of these non-GAAP measures with the related GAAP measures at September 30, and June 30, 2014.

Reconciliations of GAAP and Non-GAAP Capital Measures

New York Community Bancorp, Inc.

Page 33

For the Three Months Ended

(dollars in thousands)

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

September 30,

2011

Average Assets

$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

$41,261,984

Less: Average goodwill and core deposit intangibles

(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)

(2,497,076)

Average tangible assets

$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

$38,764,908

Net Income

$120,258

$118,688

$115,254

$120,155

$114,200

$122,517

$118,675

$122,843

$128,798

$131,212

$118,253

$117,652

$119,750

Add back:  Amortization of core deposit intangibles, net of

tax

1,211

1,249

1,394

1,839

2,470

2,509

2,653

2,826

2,913

2,952

3,095

3,269

3,653

Adjusted net income

$121,469

$119,937

$116,648

$121,994

$116,670

$125,026

$121,328

$125,669

$131,711

$134,164

$121,348

$120,921

$123,403

Return on average assets

0.99%

0.99%

0.98%

1.04%

1.03%

1.12%

1.10%

1.14%

1.19%

1.25%

1.13%

1.13%

1.16%

Return on average tangible assets

1.06

1.06

1.05

1.12

1.11

1.21

1.19

1.24

1.29

1.36

1.24

1.23

1.27

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

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, and September 30, 2011.

Reconciliations of GAAP and Non-GAAP Financial Measures

New York Community Bancorp, Inc.

Page 34

11/3/14

For More Information

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Write to:

Investor Relations

New York Community Bancorp, Inc.

615 Merrick Avenue

Westbury, NY  11590