New York Community Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014
January 29, 2015 at 12:00 pm
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New York Community Bancorp Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, net interest income was $283,682,000 against $297,325,000 a year ago. Income before income taxes was $206,250,000 against $189,490,000 a year ago. Net income was $131,197,000 against $120,155,000 a year ago. Diluted earnings per share was $0.30 against $0.27 a year ago. Cash return on average assets was 1.15% against 1.13% a year ago. Cash return on average tangible assets was 1.21% against 1.19% a year ago. Cash return on average stockholders equity was 9.69% against 9.19% a year ago. Cash return on average tangible stockholders equity was 16.76% against 16.27% a year ago. Return on average assets was 1.07% against 1.04% a year ago. Return on average tangible assets was 1.14% against 1.12% a year ago. Return on average stockholders equity was 9.05% against 8.52% a year ago. Return on average tangible stockholders equity was 15.79% against 15.30% a year ago.
For the full year, net interest income was $1,140,353,000 against $1,166,616,000 a year ago. Income before income taxes was $773,066,000 against $747,126,000 a year ago. Net income was $485,397,000 against $475,547,000 a year ago. Diluted earnings per share was $1.09 against $1.08 a year ago. Cash return on average assets was 1.09% against 1.16% a year ago. Cash return on average tangible assets was 1.15% against 1.23% a year ago. Cash return on average stockholders equity was 9.09% against 9.17% a year ago. Cash return on average tangible stockholders equity was 15.79% against 16.31% a year ago. Return on average assets was 1.01% against 1.07% a year ago. Return on average tangible assets was 1.08% against 1.16% a year ago. Return on average stockholders equity was 8.41% against 8.46% a year ago. Return on average tangible stockholders equity was 14.77% against 15.35% a year ago. Book value per share was $13.06 against $13.01 a year ago. Tangible book value per share was $7.54 against $7.45 a year ago.
New York Community Bancorp, Inc. is the bank holding company for Flagstar Bank, N.A. (the Bank). It has various positions in several national businesses, including multifamily lending, mortgage originations and servicing, and warehouse lending. It is a multifamily portfolio lender in the New York City market area, where it specializes in rent-regulated, non-luxury apartment buildings. Its specialty finance loans and leases are generally made to large corporate obligors that participate in stable industries nationwide, and its warehouse loans are made to mortgage lenders across the country. It offers a suite of cash management products to address the needs of small and mid-size businesses and professional associations. The Bank operates about 419 branches, including strong footholds in the Northeast and Midwest and exposure to markets in the Southeast and West Coast. Flagstar Mortgage operates nationally through a wholesale network of about 3,000 third-party mortgage originators.