New York Community Bancorp Inc. Earnings Retreat 20% In Q1

(RTTNews) - New York Community Bancorp Inc. (NYCB) revealed a profit for first quarter that retreated compared to the same period last year.

The company said its earnings declined to $103.96 million, or $0.21 per share. This was down from $129.91 million, or $0.27 per share, in last year's first quarter.

Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.0% to $294.92 million. This was down from $327.87 million last year.

New York Community Bancorp Inc. earnings at a glance:

-Earnings (Q1): $103.96 Mln. vs. $129.91 Mln. last year. -Earnings Decline (Y-o-Y): -20.0% -EPS (Q1): $0.21 vs. $0.27 last year. -EPS Decline (Y-o-Y): -22.2% -Analysts Estimate: $0.23 -Revenue (Q1): $294.92 Mln vs. $327.87 Mln last year. -Revenue Change (Y-o-Y): -10.0%