EX-99.1 2 dex991.htm WRITTEN PRESENTATION TO BE DISTRIBUTED AND MADE AVAILABLE TO INVESTORS Written presentation to be distributed and made available to investors
First Quarter 2008
Investor Presentation
Exhibit 99.1

Page 2
Forward-looking Statements and Associated Risk
Factors
Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995
This presentation, like many written and oral communications presented by New York Community Bancorp, Inc. and our authorized officers, may contain certain forward-looking
statements
regarding
our
prospective
performance
and
strategies
within
the
meaning
of
Section
27A
of
the
Securities
Act
of
1933,
as
amended,
and
Section
21E
of
the
Securities
Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private
Securities
Litigation
Reform
Act
of
1995,
and
are
including
this
statement
for
purposes
of
said
safe
harbor
provisions.
Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of the Company, are generally identified by use of the words
“anticipate,”
“believe,”
“estimate,”
“expect,”
“intend,”
“plan,”
“project,”
“seek,”
“strive,”
“try,”
or
future
or
conditional
verbs
such
as
“will,”
“would,”
“should,”
“could,”
“may,”
or
similar
expressions. Our ability to predict results or the actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results.
There are a number of factors, many of which are beyond
our control, that could cause actual conditions, events, or results to differ significantly from those described in our forward-
looking
statements.
These
factors
include,
but
are
not
limited
to:
general
economic
conditions
and
trends,
either
nationally
or
in
some
or
all
of
the
areas
in
which
we
and
our customers
conduct our respective businesses; conditions in the securities markets or the banking industry; changes in interest rates, which may affect our net income, prepayment
penalties,
and
other
future
cash
flows,
or
the
market
value
of
our
assets;
changes
in
deposit
flows
and
wholesale
borrowing
facilities;
changes
in
the
demand
for
deposit,
loan,
and
investment
products
and
other
financial
services
in
the
markets
we
serve;
changes
in
our
credit
ratings;
changes
in
the
financial
or
operating
performance
of
our
customers’
businesses;
changes
in
real
estate
values,
which
could
impact
the
quality
of
the
assets
securing
the
loans
in
our
portfolio;
changes
in
the
quality
or
composition
of
our
loan
or
investment
portfolios;
changes in competitive pressures among financial institutions or
from non-financial institutions; changes in our customer base; our ability to successfully integrate any assets, liabilities,
customers,
systems,
and
management
personnel
we
may
acquire
into
our
operations,
and
our
ability
to
realize
the
related
cost
savingswithin
expected
timeframes;
potential
exposure
to
unknown or contingent liabilities of companies we target for acquisition; our ability to retain key members of management; our timely development of new lines of business and competitive
products or services in a changing environment, and the acceptance of such products or services by our customers; any interruption or breach of security resulting in failures or disruptions
in customer account management, general ledger, deposit, loan, or other systems; any interruption in customer service due to circumstances beyond our control; the outcome of pending
or threatened litigation, or of other matters
before regulatory agencies, or of matters resulting from regulatory exams, whether currently existing or commencing in the future;
environmental
conditions
that
exist
or
may
exist
on
properties
owned
by,
leased
by,
or
mortgaged
to
the
Company;
changes
in
estimates
of
future
reserve
requirements
based
upon
the
periodic
review
thereof
under
relevant
regulatory
and
accounting
requirements;
changes
in
legislation,
regulation,
and
policies,
including,
but
not
limited
to,
those
pertaining
to
banking,
securities, tax, environmental protection, and insurance, and the ability to comply with such changes in a timely manner; changes in accounting principles, policies, practices, or guidelines;
operational
issues
stemming
from,
and/or
capital
spending
necessitated
by,
the
potential
need
to
adapt
to
industry
changes
in
information
technology
systems,
on
which
we
are
highly
dependent; the ability to keep pace with,
and implement on a timely basis, technological changes; changes in the monetary and fiscal policies of the U.S. Government, including policies
of the U.S. Treasury and the Federal Reserve Board; war or terrorist activities; and other economic, competitive, governmental, regulatory, and geopolitical factors affecting our operations,
pricing, and services.
For a discussion of these and other risks that may cause actual results to differ from expectations, please refer to our Annual Report on Form 10-K for the year ended December 31,
2007,
including
the
section
entitled
“Risk
Factors,”
and
our
Quarterly
Reports
on
Form
10-Q
for
the
quarters
ended
March
31,
2007,
June
30,
2007,
and
September
30,
2007,
on
file
with
the U.S. Securities and Exchange Commission (the “SEC”).
In addition, it should be noted that we routinely evaluate opportunities to expand through acquisition and frequently conduct due diligence activities in connection with such
opportunities.
As
a
result,
acquisition
discussions
and,
in
some
cases,
negotiations,
may
take
place
at
any
time,
and
acquisitions
involving
cash,
debt,
or
equity
securities
may
occur.
Furthermore, the timing and occurrence or non-occurrence of events may be subject to circumstances beyond our control.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Except as required by applicable law or
regulation,
we
undertake
no
obligation
to
update
these
forward-looking
statements
to
reflect
events
or
circumstances
that
occur
after
the
date
on
which
such
statements
were
made.

Page 3
We are a leading financial institution in the
competitive Metro New York/New Jersey region.
(a)
SNL DataSource
In New Jersey we operate:
the
2nd
largest
depository
in
Richmond
County
(a)
;
the
5th
largest
depository
in
Queens
and
Nassau
Counties
(a)
;
and
the
6th
largest
depository
in
Suffolk
County.
(a)
With assets of $30.9 billion:
the
3rd
largest
thrift
depository
in
Essex
County
(a)
;
the
5th
largest
thrift
depository
in
Hudson
and
Union
Counties
(a)
;
and
the
5th
largest
thrift
depository
in
the
seven
NJ
counties
we
serve,
combined.
(a)
In New York we operate:
the
4th
largest
thrift
depository
in
our
market
(a)
;
and
the
13th
largest
commercial
bank
depository.
(a)
With deposits of $13.5 billion and 217 branches, we operate:
We
are
a
leading
producer
of
multi-family
loans
for
portfolio
in
New
York
City.
(a)
With a portfolio of $14.2 billion:
We
operate
the
6th
largest
thrift
in
the
nation
and
the
largest
in
New
York
State.
(a)

Page 4
Since 12/31/99, we have acquired five community banks, two commercial banks, and one branch network,
expanding our franchise from 14 to 217 branches.
Our assets have grown at a CAGR of 40.2%; our loans have grown at a CAGR of 36.1%; and our deposits
have grown at a CAGR of 35.9% through 3/31/08.
The sale and securitization of acquired loans and the sale of acquired securities have enhanced our
balance sheet’s ability to withstand the stress of the adverse credit cycle turn.
The post-merger repositioning of our balance sheet:
The origination of multi-family loans:
We have originated $21.6
billion of multi-family loans since January 2000, including $2.5 billion in 2007 and
$708 million in 1Q 2008.
Our efficiency ratio has historically ranked in the top 5% of all banks and thrifts and equaled 41.49% in 1Q
2008.
(a)
The efficient operation of our Company and our branch network:
We have recorded no losses on our multi-family loan portfolio for 28 years, and none on our construction
or CRE portfolios for nearly 15 years.
The maintenance of strong credit standards, resulting in a record of solid asset quality:
The growth of our business through accretive mergers and acquisitions:
(a)
SNL DataSource
We have a consistent business model that focuses on
building value while building the Company.
Our total return to shareholders has increased at a
compound annual growth rate of 38.9% since our IPO.

1st Quarter 2008
Performance Highlights

Page 6
Our 1Q 2008 performance featured several year-over-
year improvements.
Our net interest margin rose 9 basis points year-over-year to 2.41%;
excluding prepayment penalty income, our margin rose 16 basis points to
2.26%.
NPAs
declined by $3.3 million year-over-year to $22.2 million and represented
0.07% of total assets at 3/31/08, an improvement of 2 basis points.
During the quarter, the average yield on new multi-family and commercial real
estate loans was 302 basis points higher than the average five-year Constant
Maturity Treasury rate.
Earnings rose 11.7% year-over-year to $72.4 million; cash earnings rose
16.1% year-over-year to $81.7 million.
At 3.85%, our average cost of funds declined by 4 basis points.
Net interest income rose 10.4% year-over-year to $161.5 million; non-interest
income rose 18.3% to $28.5 million during this time.
At 6.04%, our average yield on assets was up 8 basis points.
Margin
Expansion
Higher Average
Yield on Assets
Solid Asset
Quality
Earnings
Growth
Revenue
Growth
Lower Cost      
of Funds
Higher Spreads
on Loan Production

Page 7
Our net interest margin has been stable in a
challenging rate environment.
3.65
4.20
4.17
2.17%
2.27%
$29,520
5.69
5.92%
2006
3.89
4.65
4.28
2.10%
2.32%
$13,691
5.96
6.14%
1Q 2007
3.92
4.61
4.37
2.16%
2.38%
$57,637
6.05
6.27%
2007
3.85
4.41
4.49
2.26%
2.41%
$10,334
6.04
6.19%
1Q 2008
(4) bp
(24) bp
21 bp
16 bp
9 bp
(24.5)%
8 bp
5 bp
Y-O-Y
Increase
(Decrease)
11 bp
2.36%
2.41%
2.44%
Net interest margin
3.93
4.57
4.45
2.29%
$4,536
6.04
6.12%
4Q 2007
3.95
4.60
4.42
2.15%
$17,090
6.11
6.37%
3Q 2007
3.90
4.60
4.33
2.10%
$22,320
6.10
6.44%
2Q 2007
95.2%
Prepayment penalty income
20 bp
Average cost of borrowed funds
27 bp
Average cost of funds
41 bp
Average cost of CDs
(1) bp
Net interest margin excluding
prepayment penalty income
36 bp
Average yield on interest-
earning assets
35 bp
Average yield on loans
Y-O-Y
Increase
(Decrease)
(dollars in thousands)

Page 8
Both of our bank subsidiaries are well capitalized institutions:
The strength of our capital position has enabled us to
pay a strong dividend.
3/31/08
10.19%
7.47%
Leverage capital ratio
Commercial Bank
Community Bank
The Company’s tangible capital measures continue to be strong:
Our quarterly cash dividend has increased 90-fold since we initiated payments in 3Q 1994 and
provided an average yield of 5.88% in 1Q 2008.
(a)
Please see pages 32 and 33 for reconciliations of our GAAP and non-GAAP capital measures.
5.88%
5.83%
$1.6
12/31/07
5.78%
5.86%
Tangible equity / tangible assets excluding after-tax
mark-to-market adjustments on securities
(a)
5.70%
5.70%
Tangible equity / tangible assets
(a)
$1.6
$1.5
Tangible stockholders’
equity
(a)
3/31/08
3/31/07
(dollars in billions)

Page 9
We are well positioned to capitalize on opportunities
presented in the current market.
We have no subprime or Alt-A mortgages in our loan or securities portfolios.
We have maintained our record of asset quality by maintaining our primary focus
on multi-family lending on rent-regulated buildings and by adhering to our
conservative underwriting standards.
Competition for multi-family loans has declined in the wake of market dislocation.
Refinancing activity is likely to increase as more of our multi-family loans
approach their contractual repricing dates.
Future growth opportunities may occur as industry consolidation increases in the
face of current market conditions.
Opportunities to sell assets acquired in business combinations have opened up in
recent months.

Our Business Model:
Growth through Acquisitions

Page 11
We have completed eight acquisitions since 2000,
including three in the last year.
Queens County
Savings Bank,
forebear of
New York
Community
Bank, is
established in
Queens.
April 1859
1
Public trading
of New York
Community
Bancorp
shares begins.
Nov. 1993
3
Merger-of-
equals with
Richmond
County
Financial Corp.
(RCBK).
July 2001
5
We acquire
Long Island
Financial Corp.
(LICB) and
establish
New York
Commercial
Bank.
Dec. 2005
7
Our holding
company,
New York
Community
Bancorp, is
established.
April 1993
2
We acquire
Haven
Bancorp, Inc.
(HAVN).
Nov. 2000
4
Merger with
Roslyn
Bancorp, Inc.
(RSLN).
Oct. 2003
6
We acquire
Atlantic Bank
of New York
(ABNY).
April 2006
8
We acquire
PennFed
Financial
Services, Inc.
(PFSB).
April 2007
9
We acquire the
NYC branch
network of
Doral Bank,
FSB (Doral).
July 2007
10
We acquire
Synergy
Financial
Group, Inc.
(SYNF).
Oct. 2007
11

Page 12
Our balance sheet
reflects
the benefits of our growth-through-
acquisition strategy and the organic growth of our loan portfolio.
5.88%
5.83%
1.6
13.2
6.2
30.6
20.4
$14.1
217
w/ PFSB,
Doral, &
SYNF
12/31/07
5.78%
5.70%
1.6
13.5
6.6
30.9
20.5
$14.2
217
3/31/08
5.66%
5.47%
1.4
12.6
6.7
28.5
19.7
$14.5
166
w/ ABNY
12/31/06
5.19%
3.97%
3.65%
4.12%
7.19%
Tangible
equity
/
tangible
assets
(a)
1.3
0.9
0.3
0.2
0.1
Tangible
stockholders’
equity
(a)
26.3
23.4
9.2
4.7
1.9
Total assets
5.41%
4.13%
3.60%
4.11%
7.19%
Tangible equity / tangible assets
excluding after-tax mark-to-market
adjustments
on
securities
(a)
12.1
10.3
5.5
3.3
1.0
Total deposits
6.9
6.0
3.0
1.4
0.4
Core deposits
17.0
10.5
5.4
3.6
1.6
Total loans
$12.9
$  7.4
$3.3
$1.9
$1.3
Multi-family loans
152
139
120
86
14
Number of branches
w/ LICB
12/31/05
w/ RSLN
12/31/03
w/ RCBK
12/31/01
w/ HAVN
12/31/00
12/31/99
(dollars in billions)
(a)
Please see pages 32 and 33 for reconciliations of our GAAP and non-GAAP capital measures.

Page 13
$10,499
$13,396
$17,029
$19,653
$20,363
$20,510
$9,500
$7,081
$5,637
$4,926
$5,744
$5,715
The cash flows from the post-merger sale of acquired assets are
typically converted into securities and then into loans.
(dollars in millions)
% of Total
Assets:
12/31/04
12/31/05
29.5%
55.7%
21.4%
64.8%
17.3%
69.0%
12/31/06
12/31/03
40.5%
44.8%
18.8%
66.6%
3/31/08
Loans
Securities
w/ RSLN
w/ LICB
w/ ABNY
w/ PFSB,
Doral, & SYNF
12/31/07
18.5%
66.4%

Page 14
We currently have 164 locations in New York and 53 in
New Jersey.
New York Commercial Bank
46
5
In-store branches
Campus branches
125
Traditional branches
New York Community Bank
179
Subtotal
3
Customer convenience centers
38
Traditional branches
The NYCB Franchise
217
Total locations
New York Community Bank
New York Commercial Bank

Page 15
$658
$1,874
$2,408
$1,949
$4,362
$3,752
$5,247
$5,945
$6,913
$6,929
$378
$1,212
$2,588
$2,842
$5,247
$5,911
$6,012
$5,551
$4,971
$5,342
$846
$1,123
$1,273
$1,248
$739
$720
$40
$171
$455
$465
12/31/99
12/31/00
12/31/01
12/31/02
12/31/03
12/31/04
12/31/05
12/31/06
12/31/07
3/31/08
$3,257
$5,450
$5,256
$1,076
Total Deposits:
$10,329
$10,402
$12,105
$12,619
Total deposits:  35.9% CAGR
Core deposits:  39.7% CAGR
Demand deposits:  51.7% CAGR
(in millions)
Deposits
Our deposit growth has been largely acquisition-
driven.
$13,157
w/ HAVN
w/ RCBK
w/ RSLN
w/ LICB
w/ PFSB,
Doral, & SYNF
w/ ABNY
CDs
NOW, MMAs, and Savings
Demand deposits
$13,519

Page 16
The expansion of our franchise has enabled us to compete very
effectively against the region’s money center banks.
(dollars in thousands)
NASSAU COUNTY, NY
100.00%
$50,763,524
Total for Institutions in Market
2.65
1,344,602
Signature Bank
10
3.86
1,961,008
HSBC Holdings plc
9
5.08
2,578,108
Bank of America Corp.
8
5.13
2,604,571
Toronto-Dominion Bank
7
7.29
3,701,509
Washington Mutual Inc.
6
9.23
4,683,733
New York Community
5
10.09
5,121,573
Astoria Financial Corp.
4
12.96
6,578,024
Capital One Financial Corp.
3
13.28
6,742,209
Citigroup Inc.
2
16.16%
$  8,203,197
JPMorgan Chase & Co.
1
Market
Share
Deposits
Institution
Rank
QUEENS COUNTY, NY
100.00%
$40,143,500
Total for Institutions in Market
2.67
1,071,208
Flushing Financial Corp.
10
2.86
1,148,809
Toronto-Dominion Bank
9
3.00
1,202,939
Washington Mutual Inc.
8
3.68
1,476,561
Ridgewood Savings Bank
7
7.07
2,837,896
HSBC Holdings plc
6
7.35
2,950,606
New York Community
5
7.89
3,167,199
Astoria Financial Corp.
4
11.87
4,766,181
Capital One Financial Corp.
3
14.07
5,646,799
Citigroup Inc.
2
18.56%
$  7,450,910
JPMorgan Chase & Co.
1
Market
Share
Deposits
Institution
Rank
SUFFOLK COUNTY, NY
100.00%
$33,544,970
Total for Institutions in Market
3.09
1,035,808
Toronto-Dominion Bank
10
3.43
1,152,062
Suffolk Bancorp
9
4.61
1,546,496
Bank of America Corp.
8
4.79
1,607,195
HSBC Holdings plc
7
6.04
2,025,426
New York Community
6
7.87
2,638,643
Citigroup Inc.
5
8.17
2,741,117
Washington Mutual Inc.
4
9.54
3,200,655
Astoria Financial Corp.
3
18.87
6,329,833
JPMorgan Chase & Co.
2
21.65%
$  7,261,826
Capital One Financial Corp.
1
Market
Share
Deposits
Institution
Rank
RICHMOND COUNTY, NY
100.00%
$8,895,194
Total for Institutions in Market
2.07
183,750
Hudson City Bancorp Inc.
10
2.17
192,728
VSB Bancorp Inc.
9
2.89
257,099
HSBC Holdings plc
8
4.97
441,657
Toronto-Dominion Bank
7
6.75
600,224
Washington Mutual Inc.
6
8.67
770,880
Northfield Bancorp Inc.
5
12.28
1,092,694
Citigroup Inc.
4
12.39
1,102,491
JPMorgan Chase & Co.
3
17.52
1,558,337
New York Community
2
27.09%
$2,409,805
Sovereign Bancorp Inc.
1
Market
Share
Deposits
Institution
Rank
7.49
1,173,361
Toronto-Dominion Bank
5
ESSEX COUNTY, NJ
100.00%
$15,669,720
Total for Institutions in Market
4.50
705,721
Investors Bancorp Inc.
10
5.83
914,313
New York Community
9
6.41
1,004,658
Hudson City Bancorp Inc.
8
6.87
1,076,977
JPMorgan Chase & Co.
7
6.96
1,090,295
Bank of America Corp.
6
7.97
1,249,430
Valley National Bancorp
4
8.08
1,265,813
Sovereign Bancorp Inc.
3
8.42
1,319,929
PNC Financial Services
2
17.46%
$  2,735,535
Wachovia Corp.
1
Market
Share
Deposits
Institution
Rank
UNION COUNTY, NJ
100.00%
$15,350,118
Total for Institutions in Market
3.49
535,841
JPMorgan Chase & Co.
10
3.51
538,805
Center Bancorp Inc.
9
3.64
558,107
New York Community
8
4.74
726,964
PNC Financial Services
7
5.56
853,108
Union County Savings Bank
6
5.74
880,638
Investors Bancorp Inc.
5
5.77
885,969
Sovereign Bancorp Inc.
4
7.07
1,085,779
Toronto-Dominion Bank
3
8.46
1,298,253
Bank of America Corp.
2
32.99%
$  5,063,956
Wachovia Corp.
1
Market
Share
Deposits
Institution
Rank
Source:  SNL DataSource

Page 17
$1,348
$1,946
$3,255
$4,494
$7,368
$9,839
$12,854
$14,529
$14,055
$14,186
$1,690
$2,150
$995
$3,131
$3,557
$4,175
$5,124
$6,308
$6,324
$263
12/31/99
12/31/00
12/31/01
12/31/02
12/31/03
12/31/04
12/31/05
12/31/06
12/31/07
3/31/08
(in millions)
Multi-family Loans Outstanding
All Other Loans Outstanding
$5,405
$5,489
$10,499
Loans Outstanding
Multi-family loans:  33.0% CAGR
Total loans:  36.1% CAGR
$13,396
$17,029
$3,636
$1,611
$19,653
While acquisitions have contributed to the growth of our loan
portfolio, the bulk of our loan growth has been organic.
Total Loans:
$1,150
$2,560
$4,330
$6,041
$6,332
$616
$677
$4,971
Total Originations:
w/ HAVN
w/ RCBK
w/ RSLN
w/ LICB
w/ PFSB,
Doral, & SYNF
w/ ABNY
$20,510
$1,365
$20,363
$4,853

Our Business Model:
Multi-family Lending

Page 19
Portfolio statistics at 3/31/08:
% of total loans = 69.2%
Average principal balance = $3.5
million
Average loan-to-value ratio = 63.1%
Expected weighted average life = 3.5
years
1Q 2008 originations = $708 million
% of total loans originated = 51.8%
Term:
Years 1-
5:  Fixed rate at a spread
above the 5-year CMT
Years 6-10:  Annually adjustable rate
at a spread above prime, or fixed rate
at a spread above the 5-year CMT
plus 1 point
Prepayment penalties:  Range from 5
points to 1 point in years 1 thru 5;
recorded as interest income
Quality:  No losses in our niche for 28
years
(in millions)
Multi-family loans have grown at a CAGR of 33.0%
since 12/31/99.
Multi-family Loan Portfolio
$1,348
$1,946
$3,255
$4,494
$7,368
$9,839
$12,854
$14,529
$14,055
$14,186
12/31/99
12/31/00
12/31/01
12/31/02
12/31/03
12/31/04
12/31/05
12/31/06
12/31/07
3/31/08

Page 20
NYB
Originates
Multi-Family
Loan Based
on Income
Stream
Produced by
the Property
Borrower
Uses Funds
to Improve
the Property
Rent Roll /
Income Stream
Increases
over the
Short Term
(3–5 years)
Borrower
Uses Funds
to Improve
the Property
Rent Roll /
Income Stream
Increases
over the
Short Term
(3–5 years)
NYB
Refinances Loan
Based on Higher
Income Stream,
Increasing
Loan Size and
Term Yield
NYB
Refinances Loan
Based on Higher
Income Stream,
Increasing
Loan Size and
Term Yield
Our multi-family loans feature a unique refinancing
cycle.

Page 21
$96
$324
$562
$533
$1,445
$2,141
$2,888
$3,114
$3,826
$3,909
12/31/99
12/31/00
12/31/01
12/31/02
12/31/03
12/31/04
12/31/05
12/31/06
12/31/07
3/31/08
Portfolio statistics at 3/31/08:
% of total loans = 19.1%
Average principal balance = $2.1
million
Average loan-to-value ratio = 56.0%
Expected weighted average life = 3.3
years
1Q 2008 originations = $189 million
% of total loans originated = 13.9%
Term:
Years 1-5:  Fixed rate at a spread
above the 5-year CMT
Years 6-10:  Annually adjustable rate
at a spread above prime, or fixed rate
at a spread above the 5-year CMT plus
1 point
Prepayment penalties:  Range from 5
points to 1 point in years 1 thru 5; recorded
as interest income
Quality:  No losses on our CRE portfolio
for nearly 15 years
(in millions)
Our commercial real estate loans feature the same
structure as our multi-family loans.
Commercial Real Estate Loan Portfolio    

Our Business Model:
Asset Quality

Page 23
The quality of our assets has been distinctively solid.
(a)
SNL DataSource
SNL Bank & Thrift Index
(a)
NYB
Non-performing Assets / Total Assets 
0.60%
0.48%
0.44%
0.51%
1.00%
0.15%
0.12%
0.11%
0.08%
0.07%
0.07%
1.24%
12/31/03
12/31/04
12/31/05
12/31/06
12/31/07
3/31/08

Page 24
None of our charge-offs have been mortgage-related.
Net Charge-offs / Average Loans 
NYB Charge-offs:
--
$236,000
$21,000
$420,000
$396,000
(a)
SNL DataSource
SNL Bank & Thrift Index
(a)
NYB
$431,000
0.27%
0.20%
0.15%
0.15%
0.24%
0.38%
0.00%
0.002%
0.002%
0.000%
0.002%
0.002%
2003
2004
2005
2006
2007
1Q 2008

Page 25
The quality of our assets reflects the nature of our multi-
family lending niche and our strong underwriting standards.
Conservative loan-to-value (“LTV”) ratios
Minimum debt coverage ratio: 120%, except CRE loans (generally 130%)
All loans approved by the Mortgage and Real Estate Committee or the Credit
Committee (a majority of the Board of Directors)
A member of the Mortgage or Credit Committee participates in inspections on
multi-family loans originated in excess of $4.0 million, and commercial real
estate and construction loans in excess of $2.5 million.
All properties appraised by independent appraisers
All independent appraisals reviewed by in-house appraisal officers
Multi-family and commercial real estate loans based on the lower
of economic or
market value
Construction loans disbursed upon receipt of signed contract of sale

Our Business Model:
Efficiency

Page 27
Our efficiency ratio was 41.49% in 1Q 2008, well below
the 67.48% average for the SNL Bank and Thrift Index.
Multi-family and commercial real estate lending are both broker-driven, without
cost to the Company.
One-
to
four-family loans are originated on a pass-through basis and sold shortly
after closing, servicing-released, generating non-interest income.
Products and services are frequently developed by third-party providers and the
sale of these products generates additional revenues.
46 of our branches are located in-store.
Franchise expansion has largely stemmed from mergers and acquisitions.

Page 28
Our business model has created significant value for
our shareholders over time.
Total Return on Investment
SNL
Bank
&
Thrift
Index
(a)
NYB
(b)
86.3%
7.8%
696.7%
240%
615%
462%
434%
717%
2,479%
2,885%
3,039%
11/23/93
12/31/99
12/31/06
12/31/07
3/31/08
1.4%
Cumulative cash return provided by dividends on NYB
shares purchased at the date indicated through 3/31/08:
CAGR since IPO =
38.9%
(a)
SNL Financial
(b)
Bloomberg

Page 29
Our shares have provided significant returns to
investors relative to our peers.
434 %
43 %
(31)%
(9)%
SNL Bank & Thrift
Index
(a)
Total Return on Investment Through 3/31/08
616 %
7 %
(34)%
(12)%
NY & NJ Banks &
Thrifts
(a)
NYB
(b)
22%
Since 12/31/06
3,039%
284%
5%
Since our IPO (11/23/93)
Since 12/31/99
Since 12/31/07
(a)
SNL Financial
(b)
Bloomberg

Page 30
We are committed to building value for our investors.
Maintain the strength of our tangible capital measures
Maintain our quarterly cash dividend at the current amount
Improve Our Performance Metrics:
Manage Our Capital:
Position ourselves for loan growth by deploying the cash flows produced by lower-yielding loans and
securities into higher-yielding assets
Enhance our asset mix by cross-selling Commercial Bank services to Community Bank customers
Reduce our balance of higher-cost wholesale funds
Maintain superior asset quality by adhering to our traditional underwriting standards and maintaining our
focus on our multi-family lending niche
Manage Our Assets and Liabilities:
Execute accretive merger transactions while enhancing the value of our franchise
Unify our New Jersey branches under the Garden State Community Bank name
Integrate the data processing systems used by the Community and Commercial Banks
Strengthen Our Franchise:
Continue to expand our net interest margin
Maintain a strong level of operating efficiency
Increase our revenues through the cross-sale of products and services
Grow our operating earnings
Our Goals

Page 31
Log onto our web site:  www.myNYCB.com
E-mail requests to:  ir@myNYCB.com
Call Investor Relations at:  (516) 683-4420
Write to:
New York Community Bancorp, Inc.
615 Merrick Avenue
Westbury, NY  11590
5/2/2008
For More Information

Page 32
Reconciliation of GAAP and Non-GAAP Capital
Measures
The
following
table
presents
reconciliations
of
the
Company’s
stockholders’
equity,
tangible
stockholders’
equity,
and
adjusted
tangible
stockholders’
equity; total assets, tangible assets, and adjusted tangible assets; and the related capital measures at December 31, 1999, 2000, 2001, 2002, 2003,
2004, 2005, 2006, and 2007:
5.88%
$28,046,131
14,836
$28,031,295
$1,648,622
14,836
$1,633,786
5.83%
13.68%
$28,031,295
(111,123)
(2,437,404)
$30,579,822
$  1,633,786
(111,123)
(2,437,404)
$  4,182,313
2007
December 31,
1999
2000
2001
2002
2003
2004
2005
2006
(dollars in thousands)
--
--
(57,500)
(51,500)
(98,993)
(87,553)
(86,533)
(106,381)
Core deposit intangibles
7.19%
4.11%
3.60%
5.78%
4.13%
5.39%
5.41%
5.66%
Adjusted tangible stockholders’
equity to
adjusted tangible assets
$1,906,835
$4,591,895
$8,526,767
$10,602,222
$21,458,631
$22,039,532
$24,272,340
$26,280,006
Adjusted tangible assets
--
(820)
(3,715)
(34,852)
34,640
40,697
55,857
52,125
Add back:  Net unrealized losses (gains)
on securities
$1,906,835
$4,592,715
$8,530,482
$10,637,074
$21,423,991
$21,998,835
$24,216,483
$26,227,881
Tangible assets
$137,141
$188,520
$307,266
$612,642
$885,951
$1,188,120
$1,313,512
$1,487,473
Adjusted tangible stockholders’
equity
--
(820)
(3,715)
(34,852)
34,640
40,697
55,857
52,125
Add back:  Net unrealized losses (gains)
on securities
$137,141
$189,340
$310,981
$647,494
$851,311
$1,147,423
$1,257,655
$1,435,348
Tangible stockholders’
equity
7.19%
4.12%
3.65%
6.09%
3.97%
5.22%
5.19%
5.47%
Tangible stockholders’
equity to tangible
assets
7.19%
6.53%
10.68%
11.70%
12.24%
13.26%
12.65%
12.95%
Stockholders’
equity to total assets
$1,906,835
$4,592,715
$8,530,482
$10,637,074
$21,423,991
$21,998,835
$24,216,483
$26,227,881
Tangible assets
--
(118,070)
(614,653)
(624,518)
(1,918,353)
(1,951,438)
(1,980,689)
(2,148,108)
Less: Goodwill
$1,906,835
$4,710,785
$9,202,635
$11,313,092
$23,441,337
$24,037,826
$26,283,705
$28,482,370
Total assets
$137,141
$  189,340
$  310,981
$   647,494
$     851,311
$  1,147,423
$  1,257,655
$  1,435,348
Tangible stockholders’
equity
--
--
(57,500)
(51,500)
(98,993)
(87,553)
(86,533)
(106,381)
Core deposit intangibles
--
(118,070)
(614,653)
(624,518)
(1,918,353)
(1,951,438)
(1,980,689)
(2,148,108)
Less: Goodwill
$137,141
$  307,410
$  983,134
$1,323,512
$  2,868,657
$  3,186,414
$  3,324,877
$  3,689,837
Total stockholders’
equity

Page 33
Reconciliation of GAAP and Non-GAAP Capital
Measures
The
following
table
presents
a
reconciliation
of
the
Company’s
stockholders’
equity,
tangible
stockholders’
equity,
and
adjusted
tangible
stockholders’
equity; total assets, tangible assets, and adjusted tangible assets; and the related capital measures at March 31, 2007 and 2008:
March 31,
5.78%
$28,394,445
26,388
$28,368,057
$1,642,537
26,388
$1,616,149
5.70%
13.45%
$28,368,057
(105,091)
(2,436,933)
$30,910,081
$  1,616,149
(105,091)
(2,436,933)
$  4,158,173
2008
2007
(dollars in thousands)
(101,379)
Core deposit intangibles
5.86%
Adjusted tangible stockholders’
equity to adjusted tangible assets
$25,775,747
Adjusted tangible assets
43,854
Add back:  Net unrealized losses on securities
$25,731,893
Tangible assets
$1,509,439
Adjusted tangible stockholders’
equity
43,854
Add back:  Net unrealized losses on securities
$1,465,585
Tangible stockholders’
equity
5.70%
Tangible stockholders’
equity to tangible assets
13.27%
Stockholders’
equity to total assets
$25,731,893
Tangible assets
(2,144,642)
Less: Goodwill
$27,977,914
Total assets
$  1,465,585
Tangible stockholders’
equity
(101,379)
Core deposit intangibles
(2,144,642)
Less: Goodwill
$  3,711,606
Total stockholders’
equity