Earnings: NY Community Bancorp, Flushing Financial
New York Community Bancorp Inc., Westbury
Parent of New York Community Bank and New York Commercial Bank
Quarter: ended March 31
Net income: Profit of $124.4 million, compared with $88.7 million in the same quarter a year ago.
Earnings per share: 29 cents, compared with 26 cents last year.
Company statement: Chief executive Joseph R. Ficalora said, "The merits of our growth-through-acquisition strategy were evident in our first quarter performance, as our operating earnings rose 42.2 percent year over year to $126.1 million."
Flushing Financial Corp., Lake Success
Parent of Flushing Savings Bank
Quarter: ended March 31
Net income: $8 million, compared with $6.3 million in the same period last year
Earnings per share: 26 cents, unchanged from the year-ago quarter
Company statement: Chief executive John Buran said, "We are pleased to report another quarter of strong earnings and margin expansion. . . . Our strong operating performance for the quarter was primarily driven by an increase of $7.4 million in net interest income."
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