Flagstar Financial (FLG) 8-K Regulation FD Disclosure

First Quarter 2015

Investor Presentation

Exhibit 99.1

2

New York Community Bancorp, Inc. 1Q 2015

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.  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. 1Q 2015

3

Note:  Except as otherwise indicated, all industry data was provided by SNL Financial as of 5/1/15.

(a)

Bloomberg

Assets

Deposits

Multi-Family

Loans

Market Cap

Total Return

on Investment

$48.3 billion

$28.9 billion

$23.5 billion

$7.4 billion

4,593%

With assets of

$48.3 billion

at

3/31/15, we are

the 22nd largest 

U.S. bank holding

company.

With deposits of

$28.9

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

$23.5 billion

at the

end of March, we

are a leading

producer of multi-

family loans in

New York City.

With a market cap

of

$7.4

billion

at

3/31/15, we rank

21st

among the

nation’s publicly

traded banks and

thrifts.

From 11/23/93

through 3/31/15,

we provided our

charter investors

with a total return

on investment of

4,593%.

(a)

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

1Q 2015

Performance Highlights

New York Community Bancorp, Inc. 1Q 2015

5

(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 1Q 2015.

PERFORMANCE HIGHLIGHTS

1Q 2015

GAAP Earnings

Cash Earnings

(a)

Strong Profitability Measures:

Earnings

$119,259

$129,004

EPS

$0.27

$0.29

Return

on

average

tangible

assets

(b)

1.04%

1.11%

Return

on

average

tangible

stockholders’

equity

(b)

14.32

15.36

Net interest margin

2.68

2.68

Efficiency ratio

(c)

45.00

42.92

New York Community Bancorp, Inc. 1Q 2015

6

(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

3/31/15

Stockholders’

equity / total assets

12.01%

Tangible stockholders’

equity / tangible

assets excluding accumulated other

comprehensive loss, net of tax

7.42%

(c)

Common equity tier 1 capital ratio

10.98%

Leverage capital ratio

7.56%

Bank Capital

3/31/15

The Community Bank:

Common equity tier 1 capital ratio

11.73%

Leverage capital ratio

7.83%

The Commercial Bank:

Common equity tier 1 capital ratio

11.87%

Leverage capital ratio

9.01%

Balance Sheet

3/31/15

Total loans / total assets

74.0%

Securities / total assets

14.4%

Deposits / total assets

60.0%

Wholesale borrowings / total assets

26.7%

Asset Quality

At or for the Three Months Ended 3/31/15

Non-performing loans

(a)

/ total loans

(a)

0.19%

Non-performing assets

(b)

/ total assets

(b)

0.29%

Net charge-offs / average loans (non-

annualized)

0.00%

Our balance sheet measures reflect stability and strength.

New York Community Bancorp, Inc. 1Q 2015

7

From

9/30/14

to

3/31/15,

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 $495.8 million through a combination of

repayments, sales, and calls

•

Sold loans of $1.2 billion:

$517.3

million

of

multi-family

loans

(largely

through

participations)

$114.9 million of commercial real estate ("CRE") loans (including

through

participations)

$522.2

million

of

1–4

family

loans

Total Assets

3/31/15

$48.3 Billion

•

Originated $3.6 billion of multi-family loans

•

Originated $1.0 billion of CRE loans

Results:  A $428.1 million reduction in total assets from

9/30/14

–

3/31/15

without

sacrificing

our

solid

standing in

our primary lending niche.

A Successful

Business Model

New York Community Bancorp, Inc. 1Q 2015

9

Multi-Family

Lending

Strong Credit

Standards/

Superior Asset

Quality

Residential

Mortgage

Banking

Efficient

Operation

Growth

through

Acquisitions

We

have

originated $58.9

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 $39.5

billion of 1-4 family

loans for sale and

generated

mortgage banking

income of $602.8

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 $48.3

billion since our

first acquisition in

November 2000.

Our business model has consistently focused on building

value for our investors. 

Multi-Family

Loan Production

New York Community Bancorp, Inc. 1Q 2015

11

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.

New York Community Bancorp, Inc. 1Q 2015

12

MULTI-FAMILY

LOAN PORTFOLIO

(in millions)

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

in New York City.

PORTFOLIO STATISTICS

AT 3/31/2015

% of non-covered loans held for

investment = 71.1%

Average principal balance = $4.9 million

Expected weighted average life = 2.6 years

% of our multi-family loans located in Metro

New York = 84.1%

$17,433

$18,605

$20,714

$23,849

$23,468

New York Community Bancorp, Inc. 1Q 2015

13

(in millions)

COMMERCIAL REAL ESTATE

LOAN PORTFOLIO

Our commercial real estate loans feature the same structure

as our multi-family loans.

PORTFOLIO STATISTICS

AT 3/31/2015

% of non-covered loans held for

investment = 23.7%

Average principal balance = $5.2 million

Expected weighted average life = 3.2 years

% of our CRE loans located in Metro New

York = 92.2%

Our CRE loans are typically collateralized by

office buildings, retail centers, mixed-use

buildings, and multi-tenanted light industrial

properties.

$6,856

$7,437

$7,366

$7,637

$7,826

Asset

Quality

New York Community Bancorp, Inc. 1Q 2015

15

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

Great Recession

Current Credit Cycle

4.25-Year Total

NYCB: 54 bp

SNL U.S. Bank and Thrift Index: 458

bp

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

offs in downward credit cycles.

0.68%

1.63%

2.83%

2.89%

0.00%

0.03%

0.13%

0.21%

2007

2008

2009

2010

0.54%

1.28%

1.50%

1.17%

0.91%

0.00%

0.00%

0.04%

0.07%

0.06%

1989

1990

1991

1992

1993

1.77%

1.24%

0.76%

0.43%

0.38%

0.35%

0.13%

0.05%

0.01%

0.00%

2011

2012

2013

2014

1Q 2015

SNL U.S. Bank and Thrift Index

NYCB

16

New York Community Bancorp, Inc. 1Q 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: 1.85%

The quality of our loan portfolio continues to exceed that of

our industry.

12/31/89

12/31/90

12/31/91

12/31/92

12/31/93

12/31/07

12/31/08

12/31/09

12/31/10

12/31/11

12/31/12

12/31/13

12/31/14

3/31/15

2.91%

4.00%

4.05%

3.41%

2.35%

1.46%

2.48%

2.10%

2.83%

1.51%

1.11%

2.71%

4.17%

3.56%

0.11%

0.51%

2.47%

2.63%

2.60%

2.22%

1.66%

0.90%

0.81%

1.28%

0.96%

0.35%

0.23%

0.19%

New York Community Bancorp, Inc. 1Q 2015

17

Conservative

Underwriting

Active Board

Involvement

Multiple

Appraisals

Risk-Averse Mix of Non-

Covered Loans Held for

Investment

(at 3/31/15)

•

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:  71.1%

•

CRE:  23.7%

•

One-to-Four Family:  0.3%

•

ADC:  0.9%

•

Commercial and Industrial: 

3.8%

The quality of our assets reflects the nature of our lending

niche and our strong underwriting standards.

Residential

Mortgage Banking

New York Community Bancorp, Inc. 1Q 2015

19

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 March 31, 2015, 99.8% of all funded loans were current.

Limited

Repurchase Risk

Two loans were repurchased in 1Q 2015.

Benefits

Since

January

2010,

our

mortgage

banking

business

has

originated

1-4

family

loans

of

$39.5

billion

and

generated

mortgage

banking

income

of

$602.8

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.

New York Community Bancorp, Inc. 1Q 2015

20

Average 10-Year

Treasury Rate

Return on Average

Tangible Assets 

(a)

Total:

Prepayment Penalty Income

Mortgage Banking Income

1Q 2012

2Q 2012

3Q 2012

4Q 2012

1Q 2013

2Q 2013

3Q 2013

4Q 2013

1Q 2014

2Q 2014

3Q 2014

4Q 2014

1Q 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.

2.04%

1.83%

1.64%

1.71%

1.95%

1.99%

2.71%

2.74%

2.77%

2.62%

2.50%

2.28%

1.97%

$35.2

$58.3

$52.6

$32.6

$26.1

$23.2

$16.2

$12.8

$14.6

$15.3

$16.6

$16.4

$18.4

$17.5

$32.0

$31.5

$39.3

$19.9

$44.4

$39.6

$33.0

$20.4

$19.3

$25.4

$21.8

$30.1

$52.7

$90.3

$84.1

$71.9

$46.0

$67.6

$55.8

$45.8

$35.0

$34.6

$42.0

$38.2

$48.5

1.24%

1.36%

1.29%

1.24%

1.19%

1.21%

1.11%

1.12%

1.05%

1.06%

1.06%

1.14%

1.04%

Efficiency

New York Community Bancorp, Inc. 1Q 2015

22

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.

67.12%

66.59%

65.93%

65.41%

62.52%

40.03%

40.75%

42.71%

43.16%

45.00%

EFFICIENCY RATIO

Growth Through

Acquisitions

New York Community Bancorp, Inc. 1Q 2015

24

Transaction Type: 

Savings Bank

Commercial Bank

Branch

FDIC

Deposit

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

Note:

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

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

in assets to $48.3 billion.

New York Community Bancorp, Inc. 1Q 2015

25

(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

$28,931

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.

$1,874

$2,408

$4,362

$5,247

$5,945

$6,913

$9,054

$7,835

$9,121

$6,932

$6,421

$5,848

$1,223

$2,609

$5,278

$6,015

$5,554

$4,975

$11,494

$12,122

$12,998

$16,458

$19,601

$20,328

$171

$455

$720

$906

$1,265

$1,423

$1,870

$1,933

$2,759

$2,271

$2,307

$2,755

12/31/00

12/31/01

12/31/03

12/31/05

12/31/06

12/31/07

12/31/09

12/31/10

12/31/12

12/31/13

12/31/14

3/31/15

New York Community Bancorp, Inc. 1Q 2015

26

(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 $1.5 billion in 1Q 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

$35,705

Total Originations:

(a)

$616

$1,150

$4,330

$6,332

$4,971

$4,853

$4,280

$15,193

$19,894

$17,403

$14,204

$4,173

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.

$1,946

$3,255

$7,368

$12,854

$14,529

$14,055

$16,736

$16,802

$18,605

$20,714

$23,849

$23,468

$324

$566

$1,445

$2,888

$3,114

$3,826

$4,987

$5,438

$7,437

$7,366

$7,637

$7,826

$1,366

$1,584

$1,686

$1,287

$2,010

$2,482

$1,654

$1,467

$1,243

$1,758

$1,539

$1,719

$1,207

$1,204

$307

$379

$351

$5,016

$4,298

$3,284

$2,789

$2,429

$2,341

12/31/00

12/31/01

12/31/03

12/31/05

12/31/06

12/31/07

12/31/09

12/31/10

12/31/12

12/31/13

12/31/14

3/31/15

Total Return

on Investment

New York Community Bancorp, Inc. 1Q 2015

28

CAGR since IPO:

27.1%

(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.

4,593%

244%

213%

209%

245%

168%

260%

393%

450%

436%

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

3/31/15

Appendix

New York Community Bancorp, Inc. 1Q 2015

30

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 March 31, 2015.

Reconciliations of GAAP Earnings and Non-GAAP Cash

Earnings

(in thousands, except per share data)

For the

Three Months Ended

March 31, 2015

GAAP Earnings

$119,259

Additional

contributions

to

tangible

stockholders’

equity:

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

7,165

Associated tax effects

996

Amortization of core deposit intangibles

1,584

Total

additional

contributions

to

tangible

stockholders’

equity

9,745

Cash earnings

$129,004

Diluted GAAP Earnings per Share

$0.27

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

$0.29

New York Community Bancorp, Inc. 1Q 2015

31

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 March 31, 2015.

(in thousands)

For the

Three Months Ended

March 31,

2015

Average stockholders’

equity

$ 5,802,309

Less:  Average goodwill and core deposit intangibles

(2,443,528)

Average tangible stockholders’

equity

$ 3,358,781

Average assets

$48,769,552

Less:  Average goodwill and core deposit intangibles

(2,443,528)

Average tangible assets

$46,326,024

Net income

$119,259

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

950

Adjusted net income

$120,209

Cash earnings

$129,004

Return on average assets

0.98%

Cash return on average assets

1.06

Return on average tangible assets

1.04

Cash return on average tangible assets

1.11

Return

on

average

stockholders’

equity

8.22

Cash

return

on

average

stockholders’

equity

8.89

Return

on

average

tangible

stockholders’

equity

14.32

Cash

return

on

average

tangible

stockholders’

equity

15.36

Reconciliations of GAAP Earnings and Non-GAAP Cash

Earnings

New York Community Bancorp, Inc. 1Q 2015

32

The

following

table

presents

a

reconciliation

of

the

Company’s

efficiency

and

cash

efficiency

ratios

for

the

three

months

ended

March

31,

2015.

Reconciliations of Efficiency and Cash Efficiency Ratios

For the

Three Months Ended

March 31, 2015

(dollars in thousands)

GAAP

Cash

Total net interest income and non-interest income

$345,002

$345,002

Operating expenses

$155,252

$155,252

Adjustments:

Amortization and appreciation of shares held in stock-related

benefit plans

--

(7,165)

Adjusted operating expenses

$155,252

$148,087

Efficiency ratio

45.00%

42.92%

New York Community Bancorp, Inc. 1Q 2015

33

(dollars in thousands)

March 31,

2015

Total

stockholders’

equity

$ 5,794,797

Less: Goodwill

(2,436,131)

Core deposit intangibles

(6,359)

Tangible

stockholders’

equity

$ 3,352,307

Total assets

$48,251,715

Less: Goodwill

(2,436,131)

Core deposit intangibles

(6,359)

Tangible assets

$45,809,225

Stockholders’

equity

to

total

assets

12.01%

Tangible

stockholders’

equity

to

tangible

assets

7.32%

Tangible

stockholders’

equity

$3,352,307

Accumulated other comprehensive loss, net of tax

52,706

Adjusted

tangible

stockholders’

equity

$3,405,013

Tangible assets

$45,809,225

Accumulated other comprehensive loss, net of tax

52,706

Adjusted tangible assets

$45,861,931

Adjusted

tangible

stockholders’

equity

to

adjusted

tangible

assets

7.42%

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 March 31, 2015.

Reconciliations of GAAP and Non-GAAP Financial Measures

New York Community Bancorp, Inc. 1Q 2015

34

For the Three Months Ended

(dollars in thousands)

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

March 31,

2012

Average Assets

$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

$41,775,013

Less: Average goodwill and core deposit intangibles

(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)

(2,486,018)

Average tangible assets

$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

$39,288,995

Net Income

$119,259

$131,197

$120,258

$118,688

$115,254

$120,155

$114,200

$122,517

$118,675

$122,843

$128,798

$131,212

$118,253

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

Adjusted net income

$120,209

$132,321

$121,469

$119,937

$116,648

$121,994

$116,670

$125,026

$121,328

$125,669

$131,711

$134,164

$121,348

Return on average assets

0.98%

1.07%

0.99%

0.99%

0.98%

1.04%

1.03%

1.12%

1.10%

1.14%

1.19%

1.25%

1.13%

Return on average tangible assets

1.04

1.14

1.06

1.06

1.05

1.12

1.11

1.21

1.19

1.24

1.29

1.36

1.24

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

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,

June

30,

and

March

31,

2012.

Reconciliations of GAAP and Non-GAAP Financial Measures

950

New York Community Bancorp, Inc. 1Q 2015

5/4/15

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

35