Written presentation to be distributed and made available to investors

First Quarter 2010

Investor Presentation

Exhibit 99.1

New York Community Bancorp, Inc.

Page 2

Forward-looking Statements and Associated Risk

Factors

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 the forward-

looking statements. These factors include, but are not limited to: general economic conditions, 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 and real estate markets or the banking industry; changes in interest rates, which may affect our net income, prepayment

penalty income, and other future cash flows, or the market value of our assets, including our investment securities; 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 or in our ability to access the

capital markets; changes in our customer base or in the financial or operating performances 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 securities portfolios; changes in competitive pressures among financial

institutions or from non-financial institutions; the ability to successfully integrate any assets, liabilities, customers, systems, and management personnel we may acquire, including

those acquired in the AmTrust and Desert Hills transactions, into our operations and our ability to realize related revenue synergies and cost savings within expected time frames; our

use of derivatives to mitigate our interest rate exposure; 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 breach in performance by the Community Bank under our loss sharing

agreements with the FDIC; 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; potential exposure to unknown or contingent liabilities of companies we have acquired or target for

acquisition, including those of AmTrust and Desert Hills; the outcome of pending or threatened litigation, or of other matters before regulatory agencies, 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; 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; changes in our

estimates of future reserves based upon the periodic review thereof under relevant regulatory and accounting requirements; changes in our capital management policies, including

those regarding business combinations, dividends, and share repurchases, among others; changes in legislation, regulation, policies, or administrative practices, whether by judicial,

governmental, or legislative action, including, but not limited to, those pertaining to banking, securities, taxation, rent regulation and housing, environmental protection, and insurance,

and the ability to comply with such changes in a timely manner; additional FDIC special assessments or required assessment prepayments; changes in accounting principles, policies,

practices, or guidelines; 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. Department of the Treasury and the Board of Governors of the Federal Reserve System; 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,

2009, including the section entitled “Risk Factors,” 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 the forward-looking statements contained herein, 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.

Safe

Harbor

Provisions

the

Private

Securities

Litigation

Reform

Act

1995

New York Community Bancorp, Inc.

Page 3

We rank among the nation’s leading financial

institutions.

(a)

SNL Financial as of 4/27/10

With assets of $42.4 billion at 3/31/10, we are the 22nd largest bank holding company in

the nation.

(a)

With deposits of $22.7 billion at 3/31/10 and 282 branches in New York, New Jersey, Ohio,

Florida, and Arizona, we rank 24th among the nation’s largest depositories.

(a)

We rank among the top three thrift depositories in eight attractive markets: Queens, Staten

Island, and Long Island in New York; Essex County in New Jersey; Broward and Palm

Beach Counties in Florida; greater Cleveland in Ohio; and greater Phoenix in Arizona.

(a)

With a market cap of $7.2 billion at 3/31/10, we rank 17th among the nation’s publicly

traded banks and thrifts.

(a)

With a portfolio of $16.8 billion at the end of March, we are a leading producer of

multi

family loans in New York City.

(a)

New York Community Bancorp, Inc.

Page 4

We have a consistent business model that focuses

on building value while building the Company.

(a)

SNL Financial as of 4/27/10

(b)

Please see page 32 for a reconciliation of our GAAP and operating efficiency ratios.

Our total return to shareholders increased at a CAGR of 33.9% from 11/23/93 to 3/31/10.

Multi-family

Lending

$26.3 billion of multi-family loans originated since 2000,

including $443 million in 1Q 2010.

Strong Credit Standards/

Superior Asset Quality

Net charge-offs represented 0.04% of average loans in 1Q

2010, as compared to 0.83% for the SNL Bank and Thrift

Index.

(a)

Efficient Operation

Our operating efficiency ratio has historically ranked in the top

5% of all banks and thrifts and was 36.05% in 1Q 2010.

(a)(b)

Growth through

Acquisitions

We completed ten acquisitions from 2000 to 2010, including

our

FDIC-assisted

acquisitions

AmTrust

Bank

December

4, 2009 and Desert Hills Bank on March 26th.

1st Quarter 2010

Performance Highlights

New York Community Bancorp, Inc.

Page 6

Our 1Q 2010 performance reflects the merits of our

business model.

(a)

Please see page 34 for a reconciliation of our GAAP and operating earnings.

(b)

Please see page 32 for a reconciliation of our GAAP and operating efficiency ratios.

(dollars in thousands, except per share data)

New York Community Bancorp, Inc.

Page 7

Our balance sheet was also enhanced in 4Q 2009

and 1Q 2010.

New York Community Bancorp, Inc.

Page 8

Our asset quality measures continued to compare

favorably with those of our industry as a whole.

(a)

SNL Financial as of 4/27/10

(b)

Non-performing loans are defined as non-accrual loans and loans 90 days or more past due but still accruing interest.

(c)

Non-performing loans exclude covered loans.

(d)

Non-performing assets exclude covered assets.

New York Community Bancorp, Inc.

Page 9

(a)

Please see page 35 for a reconciliation of our GAAP and non-GAAP capital measures.

Our capital strength reflects the growth of our earnings

and our ability to access the capital markets.

Our dividend has been a significant component of our total return to shareholders

since our first year of public life.

In April 2010, we declared our 25th consecutive quarterly cash dividend of $0.25 per

share.

Our Business Model:

Growth through Acquisitions

New York Community Bancorp, Inc.

Page 11

We have completed 10 acquisitions since 2000.

Note:

The number of branches shown reflects the number of branches in

our franchise that stemmed from each transaction.

Transaction Type:

Savings Bank

Commercial Bank

Branch

FDIC

New York Community Bancorp, Inc.

Page 12

As a result of our acquisitions, we now rank among

the top 25 financial institutions in the nation.

(in thousands)

DEPOSITS

Rank

Company

Total Deposits

Bank of America Corporation

$976,102,000

JPMorgan Chase & Co.

925,303,000

Citigroup Inc.

827,914,000

Wells Fargo & Company

804,893,000

U.S. Bancorp

184,039,000

PNC Financial Services Group, Inc.

182,523,000

Bank of New York Mellon Corporation

131,627,000

SunTrust Banks, Inc.

118,749,436

Capital One Financial Corporation

117,786,559

BB&T Corporation

113,723,000

Regions Financial Corporation

98,332,000

State Street Corporation

90,336,000

Fifth Third Bancorp

83,574,000

KeyCorp

65,149,000

Northern Trust Corporation

57,435,200

M&T Bank Corporation

47,538,405

Zions Bancorporation

42,095,809

Marshall & Ilsley

Corporation

41,982,000

Huntington Bancshares Incorporated

40,303,467

Comerica Incorporated

39,966,000

Synovus

Financial Corp.

27,180,048

Hudson City Bancorp, Inc.

25,388,800

Popular, Inc.

25,360,000

New York Community Bancorp, Inc.

22,731,221

Associated Banc-Corp

17,496,787

ASSETS

Rank

Company

Total Assets

Bank of America Corporation

$2,333,200,000

JPMorgan Chase & Co.

2,135,796,000

Citigroup Inc.

2,002,213,000

Wells Fargo & Company

1,223,630,000

U.S. Bancorp

282,428,000

PNC Financial Services Group, Inc.

265,396,000

Bank of New York Mellon Corporation

210,251,000

Capital One Financial Corporation

200,707,587

SunTrust Banks, Inc.

171,796,255

BB&T Corporation

163,700,000

State Street Corporation

153,971,000

Regions Financial Corporation

137,230,000

Fifth Third Bancorp

112,651,000

KeyCorp

95,303,000

Northern Trust Corporation

76,318,600

M&T Bank Corporation

68,439,222

Hudson City Bancorp, Inc.

61,231,651

Comerica Incorporated

57,106,000

Marshall & Ilsley

Corporation

56,569,000

Huntington Bancshares Incorporated

51,866,798

Zions Bancorporation

51,712,981

New York Community Bancorp, Inc.

42,438,561

Popular, Inc.

33,832,000

Synovus

Financial Corp.

32,439,438

First Horizon National Corporation

25,923,576

Source: SNL Financial. Financial information and market data as of 3/31/10.

MARKET CAPITALIZATION

Rank

Company

Market Cap

Bank of America Corporation

$179,071.2

JPMorgan Chase & Co.

177,899.2

Wells Fargo & Company

162,001.7

Citigroup Inc.

115,911.8

U.S. Bancorp

49,586.1

Bank of New York Mellon Corporation

37,455.6

PNC Financial Services Group, Inc.

31,402.2

State Street Corporation

22,629.5

BB&T Corporation

22,409.6

Capital One Financial Corporation

18,713.2

SunTrust Banks, Inc.

13,391.2

Northern Trust Corporation

13,364.6

Fifth Third Bancorp

10,777.7

M&T Bank Corporation

9,432.2

Regions Financial Corporation

9,357.2

Hudson City Bancorp, Inc.

7,462.2

New York Community Bancorp, Inc.

7,202.2

KeyCorp

6,812.7

Comerica Incorporated

6,706.6

People's United Financial, Inc.

5,804.4

Marshall & Ilsley

Corporation

4,243.2

Huntington Bancshares Incorporated

3,862.2

Zions Bancorporation

3,501.0

Commerce Bancshares, Inc.

3,427.5

First Horizon National Corporation

3,170.8

New York Community Bancorp, Inc.

Page 13

Reflecting our growth through acquisitions, we operate

through two subsidiary banks and eight local divisions.

Community

Bank

Divisions

Commercial

Bank

Division

New York Community Bancorp, Inc.

Page 14

FDIC-assisted transactions have enhanced our franchise,

our balance sheet, and our earnings capacity.

AmTrust

Bank

Desert Hills Bank

Franchise Expansion:

Added 29 branches in Ohio, 25 in Florida, and

12 in Arizona

Added six more branches to our franchise in

Arizona

Improved Funding Mix:

Provided deposits of $8.2 billion in December

2009; deposits grew $197.8 million in the

acquired branches in 1Q 2010

Added deposits of approximately $375 million

at 3/31/10

Enhanced Liquidity:

Provided cash and cash equivalents of $4.0

billion, and $760.0 million of available-for-sale

securities

Provided cash and cash equivalents of $140.9

million

Stronger Tangible

Capital:

Raised $864.9 million through a secondary

common stock offering in December to

capitalize the acquisition; resulted in a 27%

linked-quarter increase in tangible book value

per share

Raised $28.9 million through our DRP to

capitalize the acquisition, further enhancing

our tangible book value per share

Enhanced Earnings

Capacity:

Immediately beneficial to our 4Q 2009

earnings; contributed significantly to double-

digit earnings growth in 1Q 2010

Expected to be incrementally accretive to

2010 earnings

New York Community Bancorp, Inc.

Page 15

Total deposits: 34.5% CAGR

Core deposits: 40.1% CAGR

Demand deposits: 44.2% CAGR

(in millions)

CDs

NOW, MMAs, and Savings

Demand deposits

Deposits

Total Deposits:

$12,168

$12,694

$13,236

$14,376

Our deposit growth has been largely acquisition-

driven.

$22,316

$1,086

$22,731

New York Community Bancorp, Inc.

Page 16

(in millions)

Non-Covered Loan Portfolio

Multi-family

CRE

All Other Loans

Covered Loan Portfolio

Loans Outstanding

Multi-family loans: 27.9% CAGR

Total loans: 32.6% CAGR

$1,611

$17,029

$19,653

Total Loans:

$677

$6,332

$4,971

Total Originations:

$28,941

$2,096

$20,363

$4,853

While acquisitions have contributed to the growth of our loan

portfolio, the bulk of our loan growth has been organic.

$22,192

$5,881

$28,393

$4,280

Our Business Model:

Multi-family Loan Production

New York Community Bancorp, Inc.

Page 18

(in millions)

Multi-family Loan Portfolio

Multi-family loans have grown at a CAGR of 27.9%

since 12/31/99.

New York Community Bancorp, Inc.

Page 19

(in millions)

Commercial Real Estate Loan Portfolio

Our commercial real estate loans feature the same

structure as our multi-family loans.

New York Community Bancorp, Inc.

Page 20

All of the loans acquired in the AmTrust

and Desert Hills acquisitions

are covered by loss sharing agreements with the FDIC.

(in millions)

Total covered loans: $4.8 billion

Covered Loans

3/31/10

1-4 Family

$4,269.0

Other Loans

$490.1

Our Business Model:

Asset Quality

New York Community Bancorp, Inc.

Page 22

Both historically and currently, we have been

distinguished by our low level of net charge-offs.

NYB

SNL

Bank

and

Thrift

Index

(a)

SNL Financial as of 4/27/10

Net Charge-offs / Average Loans

NYB Net Charge-offs:

$22,000

$222,000

$458,000

$6.1 million

$431,000

$29.9 million

Last Credit Cycle

Current Credit Cycle

$10.0 million

New York Community Bancorp, Inc.

Page 23

The quality of our loan portfolio continues to exceed

that of our industry as it has in the past.

(a)

Non-performing loans are defined as non-accrual loans and loans 90 days or more past due but still accruing interest.

(b)

Non-performing loans exclude covered loans.

(c)

SNL Financial as of 4/27/10

NYB

SNL

Bank

and

Thrift

Index

(c)

Non-performing

Loans

Total

Loans

(a)

Last Credit Cycle

Current Credit Cycle

New York Community Bancorp, Inc.

Page 24

(a)

SNL Financial as of 4/27/10

Net Charge-offs / Average Loan Loss Allowance

As in the past, our charge-offs represent a smaller percentage

of our loan loss allowance compared to our industry peers.

NYB

SNL

Bank

and

Thrift

Index

(a)

Last Credit Cycle

Current Credit Cycle

New York Community Bancorp, Inc.

Page 25

Historically and currently, few of our non-performing loans

have resulted in charge-offs.

At or for the 12 Months Ended December 31,

At or for the

3 Months Ended

Last Credit Cycle

Current Credit Cycle

1990

1991

1992

2007

2008

2009

3/31/2010

NPLs / Total Loans

(a)(b)

2.48%

2.10%

2.83%

0.11%

0.51%

2.04%

2.61%

NCOs / Average Loans

0.00%

0.04%

0.07%

0.00%

0.03%

0.13%

0.04%

Difference

248 bp

206 bp

276 bp

11 bp

48 bp

191 bp

257bp

(a)

Non-performing loans are defined as non-accrual loans and loans 90 days or more past due but still accruing interest.

(b)

Non-performing loans exclude covered loans.

New York Community Bancorp, Inc.

Page 26

The quality of our assets reflects the nature of our multi-family

lending niche and our strong underwriting standards.

Our Business Model:

Efficiency

New York Community Bancorp, Inc.

Page 28

Our

operating

efficiency

ratio

was

36.05%

(a)

2010,

well

below

the

SNL

Bank

and

Thrift

Index

efficiency

ratio

55.74%.

(b)

(a)

Please see pages 32 and 33 for a reconciliation of our GAAP and operating efficiency ratios.

(b)

SNL Financial as of 4/27/10

NYB

(a)

SNL

Bank

and

Thrift

Index

(b)

Total Return on Investment

New York Community Bancorp, Inc.

Page 30

Total Return on Investment

(a)

SNL Financial

(b)

Bloomberg

As a result of nine stock splits in a span of 10 years, our charter shareholders

have 2,700 shares of NYB stock for each 100 shares originally purchased.

We are committed to building value for our

investors.

CAGR since IPO =

33.9%

One-Year

Total Return:

32.5%

Y-T-D

Total Return:

15.9%

NYB

(b)

SNL

Bank

Thrift

Index

(a)

New York Community Bancorp, Inc.

Page 31

4/30/2010

For More Information

New York Community Bancorp, Inc.

Page 32

For the Three Months Ended

March 31, 2010

December 31, 2009

March 31, 2009

(dollars in thousands)

GAAP

Operating

GAAP

Operating

GAAP

Operating

Total net interest income and non-interest income

$349,959

$417,633

$ 417,633

$229,091

Adjustments:

Gain on debt repurchases and exchange

(4,337)

Loss on other-than-temporary impairment of securities

18,464

Gain on AmTrust transaction

(139,607)

Gain on termination of servicing hedge

(3,078)

Adjusted total net interest income and non-interest income

$349,959

$417,633

$ 289,075

$229,091

Operating expenses

$128,855

$108,098

$83,911

Adjustments:

Acquisition-related costs

(2,682)

(5,185)

Adjusted operating expenses

$128,855

$126,173

$108,098

$102,913

$83,911

Efficiency ratio

36.82%

36.05%

25.88%

35.60%

36.63%

Reconciliation of GAAP and Operating Efficiency

Ratios

The following table presents reconciliations of the Company’s GAAP and operating efficiency ratios for the three months ended March 31, 2010,

December 31, 2009, and March 31, 2009:

New York Community Bancorp, Inc.

Page 33

Reconciliation of GAAP and Operating Efficiency

Ratios

The following table presents reconciliations of the Company’s GAAP and operating efficiency ratios for the years ended December 31, 2005, 2006,

2007, 2008, and 2009.

For the Years Ended December 31,

2009

2008

2007

2006

2005

(dollars in thousands)

GAAP

Operating

GAAP

Operating

GAAP

Operating

GAAP

Operating

GAAP

Operating

Total net interest income and

non-interest income

$1,062,964

$691,024

$727,622

$650,556

$693,068

Adjustments:

Gain on debt repurchases and exchange

(10,054)

Gain on AmTrust

transaction

(139,607)

Gain on termination of servicing hedge

(3,078)

Visa-related gain

(1,647)

Net gain on sale of securities

(1,888)

Loss on mark-to-market of interest rate swaps

6,071

Loss on debt redemption

(16,962)

1,848

1,859

Loss on other-than-temporary impairment of

securities

96,533

104,317

56,958

Balance sheet repositioning charge

39,647

Gain on sale of bank-owned property /

branches

(64,879)

Adjusted

total

net

interest

income

and

non-

interest income

$1,062,964

$1,006,758

$691,024

$816,379

$727,622

$719,661

$650,556

$658,486

$693,068

Operating expenses

$384,003

$320,818

$299,575

$256,362

$236,621

Adjustments:

FDIC special assessment

(14,753)

Acquisition-related costs

(5,185)

Merger-related charge

(2,245)

(5,744)

(36,588)

VISA litigation charge

(3,365)

(1,000)

Retirement charge

(3,072)

Adjusted operating expenses

$384,003

$364,065

$320,818

$317,453

$299,575

$296,330

$256,362

$247,546

$236,621

$200,033

Efficiency ratio

36.13%

36.16%

46.43%

38.89%

41.17%

41.18%

39.41%

37.59%

34.14%

28.86%

New York Community Bancorp, Inc.

Page 34

The following table presents reconciliations of the Company’s GAAP and operating earnings for the three months ended March 31, 2010, December

31, 2009, and March 31, 2009:

Reconciliation of GAAP and Operating Earnings

For the Three Months Ended

March 31,

December 31,

March 31,

(in thousands, except per share data)

2010

2009

GAAP Earnings

$124,352

$ 154,936

$88,689

Adjustments to GAAP earnings:

Acquisition-related costs

2,682

7,530

Gain on AmTrust acquisition

(139,607)

Loss on OTTI of securities

43,530

Gain on debt repurchases/exchange

(4,337)

Gain on termination of servicing hedge

(3,078)

Income tax effect

(956)

38,741

Operating earnings

$126,078

$ 97,715

$88,689

Diluted GAAP Earnings per Share

$0.29

$ 0.41

$0.26

Adjustments to diluted GAAP earnings per share:

Acquisition-related costs

0.01

Gain on AmTrust acquisition

(0.22)

Loss on OTTI of securities

0.07

Gain on debt repurchases/exchange

(0.01)

Gain on termination of servicing hedge

Diluted operating earnings per share

$0.29

$ 0.26

$0.26

New York Community Bancorp, Inc.

Page 35

Reconciliation of GAAP and Non-GAAP Capital

Measures

March 31,

December 31,

March 31,

(dollars in thousands)

2010

2009

Total stockholders’

equity

$ 5,421,285

$ 5,366,902

$ 4,235,886

Less: Goodwill

(2,436,401)

Core deposit intangibles

(101,108)

(105,764)

(82,093)

Tangible stockholders’

equity

$ 2,883,776

$ 2,824,737

$ 1,717,392

Total assets

$42,438,561

$42,153,869

$32,402,552

Less: Goodwill

(2,436,401)

Core deposit intangibles

(101,108)

(105,764)

(82,093)

Tangible assets

$39,901,052

$39,611,704

$29,884,058

Stockholders’

equity to total assets

12.77%

12.73%

13.07%

Tangible stockholders’

equity to tangible assets

7.23%

7.13%

5.75%

Tangible stockholders’

equity

$2,883,776

$2,824,737

$1,717,392

Accumulated other comprehensive loss, net of tax

46,231

49,903

78,086

Adjusted tangible stockholders’

equity

$2,930,007

$2,874,640

$1,795,478

Tangible assets

$39,901,052

$39,611,704

$29,884,058

Accumulated other comprehensive loss, net of tax

46,231

49,903

78,086

Adjusted tangible assets

$39,947,283

$39,661,607

$29,962,144

Adjusted tangible stockholders’

equity to adjusted

tangible assets

7.33%

7.25%

5.99%

The

following

table

presents

reconciliations

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, 2010, December 31, 2009, and March

31, 2009: