New York Community Bancorp, Inc. (NYSE:NYCB) (the “Company”) today reported GAAP earnings of $120.2 million, or $0.27 per diluted share, for the three months ended December 31, 2013, and $475.5 million, or $1.08 per diluted share, for the twelve months ended at that date. The Company also reported cash earnings of $129.7 million, or $0.30 per diluted share, for the fourth quarter of 2013 and $515.3 million, or $1.17 per diluted share, for the full year. (1)__________Please Note: Footnotes are located on the last page of text. As further discussed in the footnotes, “cash earnings,” “tangible assets,” “average tangible assets,” “tangible stockholders’ equity,” “average tangible stockholders’ equity,” and the related measures are all non-GAAP financial measures. Commenting on the Company’s full-year performance, President and Chief Executive Officer Joseph R. Ficalora stated, “I’m pleased to say that 2013 was truly a year of achievement—some of it measured by volume and some by quality. Not only were our earnings strong, at $475.5 million, so too were our capital measures. The quality of our assets improved and our loan book grew, both significantly. Loans produced for investment exceeded our previous record, as did our prepayment penalty income. Operating expenses declined, notwithstanding the costs of strengthening our infrastructure, as we continued to prepare for the ongoing roll-out of the Dodd-Frank Act. “While residential mortgage lending declined as interest rates rose and refinancing activity faded, things were very different in our market for multi-family loans. Originations rose 28.1% above the prior year’s volume, to $7.4 billion, and our portfolio grew more than 11% over the course of the year, to $20.7 billion. While multi-family and commercial real estate loans remain our principal assets, we increased our portfolio of one-to-four family loans held for investment, as well as our portfolio of commercial and industrial, or C&I, loans. Reflecting the addition of specialty finance to the mix late in the second quarter, the balance of C&I loans was 37.7% higher at the end of this December than it was at December 31, 2012.