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More on New York Community Bancorp (NYCB) Q1 earnings: Loans held for investment grew at...

More on New York Community Bancorp (NYCB) Q1 earnings: Loans held for investment grew at annualized 12.2% rate, with multi-family +13.4%. Non-performing non-covered assets fell 28.1% Y/Y. Loans 30-89 days past due fell 67.5% Y/Y. Excluding impact of an unusual prepayment penalty, margins improved 2 bps Q/Q. Mortgage banking income (as with other banks) slowed - $26.1M vs. $32.6M in Q4, $35.2M a year ago. Book value/share of $12.85, down from $12.88 in Q4, up from $12.71 a year ago. Conference call at 9:30 ET. (PR)
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