New York Community Bancorp, Inc. Announces 4th Quarter 2004 Earnings R

    Business Editors/Banking Writers

    WESTBURY, N.Y.--(BUSINESS WIRE)--Jan. 5, 2005--New York Community Bancorp, Inc. (NYSE: NYB) today announced that it will issue its earnings release for the three and twelve months ended December 31, 2004 after the market closes on Tuesday, January 25, 2005. The release will be posted to the Company's web site, www.myNYCB.com, upon issuance.
    President and Chief Executive Officer Joseph R. Ficalora will discuss the Company's performance and strategies during a presentation from 3:45 p.m. to 4:30 p.m. Eastern Time on Wednesday, January 26, 2005, at the Smith Barney Citigroup Financial Services Conference in New York City.
    A simultaneous webcast of Mr. Ficalora's presentation will be available at the Company's web site, www.myNYCB.com. Sufficient time should be allowed prior to the presentation to access the webcast and to download the media software required to listen to the presentation live. The webcast and the accompanying PowerPoint presentation will be archived at the Company's web site from 5:30 p.m. (ET) on January 26th through 5:00 p.m. (ET) on February 7, 2005.

    New York Community Bancorp, Inc. is the holding company for New York Community Bank and the fourth largest thrift in the nation, with total assets of $23.6 billion at September 30, 2004. The Bank serves its customers through a network of 142 banking offices in New York City, Long Island, Westchester County, and northern New Jersey, and operates through seven divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, CFS Bank, First Savings Bank of New Jersey, and Ironbound Bank. In addition to operating the largest supermarket banking franchise in the New York metro region, with 52 in-store branches, the Bank is one of the leading producers of multi-family mortgage loans in New York City. Additional information about the Company and its financial performance is available at www.myNYCB.com.

    Forward-looking Statements and Associated Risk Factors

    The webcast and presentation referenced in this press release, like many written and oral communications presented by the Company and its authorized officers, may contain certain forward-looking statements regarding its prospective performance and strategies within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and is including this statement for purposes of said safe harbor provisions.
    Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of the Company, are generally identified by use of the words "plan," "believe," "expect," "intend," "anticipate," "estimate," "project," or other similar expressions. The Company's ability to predict results or the actual effects of its plans and strategies, including the recent deleveraging of its balance sheet and extension of its liabilities, is inherently uncertain. Accordingly, actual results may differ materially from anticipated results.
    Factors that could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to, changes in general economic conditions; changes in interest rates, deposit flows, loan demand, real estate values, competition, and demand for financial services and loan, deposit, and investment products in the Company's local markets; changes in the quality or composition of the loan or investment portfolios; the outcome of pending or threatened litigation; changes in accounting principles, policies, or guidelines; changes in legislation and regulation; changes in the monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board; war or terrorist activities; and other economic, competitive, governmental, regulatory, geopolitical, and technological factors affecting the Company's operations, pricing, and services. Specific factors that could cause future results to vary from current management expectations are detailed from time to time in the Company's SEC filings, which are available at the Company's web site, www.myNYCB.com.
    Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of the webcast and presentation referenced in this release. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.

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CONTACT: New York Community Bancorp, Inc. Investor Relations: Ilene A. Angarola, 516-683-4420

KEYWORD: NEW YORK INDUSTRY KEYWORD: BANKING EARNINGS CONFERENCE CALLS SOURCE: New York Community Bancorp, Inc.

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