Flagstar Financial (FLG) 8-K Regulation FD Disclosure

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