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│N NEW YORK COMMUNITY B BANCORP . INC . NEWS RELEASE 102 Duffy Avenue , Hicksville , NY 11801 ⚫Phone : ( 516 ) 683-4420 • www.myNYCB.com FOR IMMEDIATE RELEASE Investor / Media Contact : Salvatore J. DiMartino ( 516 ) 683-4286 NEW YORK COMMUNITY BANCORP , INC . REPORTS SECOND QUARTER 2021 DILUTED EPS OF $ 0.30 UP 43 % AND $ 0.33 ON A NON - GAAP BASIS , UP 57 % YEAR - OVER - YEAR AS THE NIM CONTINUES TO IMPROVE , LOWER OPERATING EXPENSES , SOLID CREDIT TRENDS , AND GOOD LOAN GROWTH BOARD OF DIRECTORS DECLARES A $ 0.17 DIVIDEND PER COMMON SHARE Second Quarter 2021 Summary Another Strong Quarterly Performance Highlighted by Significant Year - Over - Year EPS Growth • Earnings / Net Income : • Diluted EPS of $ 0.30 , up 43 % ; non - GAAP diluted EPS , excluding $ 10 million of merger - related expenses and $ 2 million for NYS tax changes , of $ 0.33 were up 57 % . Net income available to common shareholders was $ 144 million , up 48 % . Net income available to common shareholders , excluding non - recurring expenses totaled $ 156 million , up 61 % . Pre - provision net revenue ( " PPNR " ) was $ 208 million , up 32 % ; excluding merger - related expenses , PPNR totaled $ 218 million , up 38 % . ( ¹ ) Recovery of credit losses of $ 4 million . The efficiency ratio continued to improve during the quarter , dropping to 37 % . Return on average assets of 1.04 % and return on average common shareholders ' equity of 9.00 % . Return on average tangible assets of 1.09 % and return on average tangible common shareholders ' equity of 14.54 % . Net Interest Margin / Income : NIM was 2.50 % , up two bps sequentially and 32 bps year - over - year . Prepayment income totaled $ 27 million compared to $ 20 million in the previous quarter . Excluding prepayment income and the impact from excess liquidity , the NIM on a non - GAAP basis would have been 2.38 % , up five bps and 29 bps , respectively . Net interest income of $ 331 million , up 24 % compared to second quarter 2020 . Balance Sheet Trends : - Total loans held for investment rose $ 449 million or 4 % annualized to $ 43.6 billion on a linked - quarter basis . During the quarter , we transferred $ 94 million of PPP loans that were held for sale to held for investment . Excluding this transfer , total loans for investment increased $ 355 million or 3 % annualized on a linked - quarter basis . Multi - family loans were up $ 945 million to $ 32.6 billion , year - over - year and up $ 345 million or 4 % annualized on a linked - quarter basis . Specialty finance loans of $ 3.3 billion , were up $ 334 million or 11 % year - over - year and up $ 59 million or 7 % annualized on a linked - quarter basis . Total deposits of $ 34.2 billion were relatively unchanged on a linked - quarter basis , but have increased $ 2.4 billion or 8 % on a year - over - year basis . Included in total deposits are $ 3.9 billion of loan - related deposits , up $ 388 million or 22 % annualized compared to December 31 , 2020 . Average deposits increased $ 2.3 billion or 7 % compared to March 31 , 2021 due to our deposit relationship with our technology partner . - CDs as a percentage of total deposits have declined from 38 % in the year - ago quarter to 26 % during the current second quarter , while overall deposits have increased . Asset Quality : - As of June 30 , 2021 , deferred loans paying interest - only and escrow were $ 1.0 billion , down $ 1.5 billion or 60 % compared to March 31 , 2021 . Overall , total deferrals ( full - payment and interest - only ) have declined to $ 1 billion from $ 8.5 billion down 88 % . - NPAs declined 2 % compared to the previous quarter and were seven basis points of total assets , unchanged from the previous quarter . - The ACL increased $ 8 million to $ 202 million from December 31 , 2020 , representing 641.41 % of total non - performing loans and 0.46 % of total loans . Capital Position at June 30 , 2021 : Common Equity Tier 1 Capital Ratio was 9.84 % . Tier 1 Risk - Based Capital Ratio was 11.05 % . Total Risk - Based Capital Ratio was 13.05 % . - Leverage Capital Ratio was 8.25 % . ( 1 ) Pre - provision net revenue is a non - GAAP measure , but we believe it is relevant to understanding the Company's financial results in light of the implementation of CECL and the economic impact of COVID - 19 .