New York Community Bancorp Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - New York Community Bancorp Inc. (NYCB) released earnings for its second quarter that increased from the same period last year.

The company's bottom line totaled $144 million, or $0.30 per share. This compares with $97 million, or $0.21 per share, in last year's second quarter.

Excluding items, New York Community Bancorp Inc. reported adjusted earnings of $156 million or $0.33 per share for the period.

Analysts had expected the company to earn $0.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 23.5% to $347 million from $281 million last year.

New York Community Bancorp Inc. earnings at a glance:

-Analysts Estimate: $0.30 -Revenue (Q2): $347 Mln vs. $281 Mln last year.