New York Community Bancorp Inc. Reports 18% Fall In Q3 Earnings

(RTTNews) - New York Community Bancorp Inc. (NYCB) revealed earnings for third quarter that retreated from last year.

The company said its earnings fell to $102.26 million, or $0.21 per share. This was lower than $125.29 million, or $0.26 per share, in last year's third quarter.

Analysts had expected the company to earn $0.17 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

New York Community Bancorp Inc. earnings at a glance:

-Earnings (Q3): $102.26 Mln. vs. $125.29 Mln. last year. -Earnings Decline (Y-o-Y): -18.4% -EPS (Q3): $0.21 vs. $0.26 last year. -EPS Decline (Y-o-Y): -19.2% -Analysts Estimate: $0.17