New York Community Bancorp: 1Q Earnings Snapshot

WESTBURY, N.Y. (AP) _ New York Community Bancorp Inc. (NYCB) on Tuesday reported first-quarter earnings of $97.6 million.

The Westbury, New York-based company said it had net income of 19 cents per share.

The results matched Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 19 cents per share.

The bank holding company posted revenue of $471 million in the period. Its adjusted revenue was $266.1 million, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $267.2 million.

New York Community Bancorp shares have risen 21% since the beginning of the year. The stock has fallen nearly 5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NYCB at https://www.zacks.com/ap/NYCB