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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 THIRD QUARTER 2021 DILUTED EPS OF $ 0.30 UP 30 % , AND $ 0.31 ON A NON - GAAP BASIS , UP 35 % COMPARED TO THE YEAR - AGO QUARTER ON GOOD LOAN GROWTH , HIGHER PPNR , A STABLE NET INTEREST MARGIN , AND STRONG DEPOSIT GROWTH BOARD OF DIRECTORS DECLARES A $ 0.17 DIVIDEND PER COMMON SHARE Third Quarter 2021 Summary Continued Double - Digit EPS Growth • Earnings / Net Income : • • Diluted EPS of $ 0.30 , up 30 % compared to the third quarter of 2020 ; non - GAAP diluted EPS of $ 0.31 , up 35 % , excluding $ 6 million in merger - related expenses . Net income available to common shareholders totaled $ 140 million , up 31 % compared to third quarter 2020 . On a non - GAAP basis , net income available to common shareholders , excluding merger - related expenses , totaled $ 145 million , up 36 % . Pre - provision net revenue ( " PPNR " ) , on a non - GAAP basis , was $ 198 million , up 19 % compared to third quarter 2020 ; excluding merger related expenses , totaled $ 204 million , on a non - GAAP basis , up 22 % . Recovery of credit losses was $ 1 million compared to a provision on credit losses of $ 13 million in the year - ago quarter . - The efficiency ratio was 38.84 % . Return on average assets was 1.04 % and return on average common shareholders ' equity was 8.69 % . On a non - GAAP basis , return on average tangible assets was 1.08 % and return on average tangible common shareholders ' equity was 13.89 % . Net Interest Margin / Income : Net interest margin increased 15 basis points year - over - year to 2.44 % , but declined sequentially , due to lower prepayments . Prepayment income totaled $ 16 million compared to $ 27 million in the previous quarter . Excluding prepayment income , the NIM , on a non - GAAP basis , would have been 2.32 % , up two basis points sequentially . Net interest income totaled $ 318 million , up 13 % compared to third quarter 2020 . Balance Sheet Trends : Total loans held for investment rose $ 858 million to $ 43.7 billion on a year - over - year basis and $ 112 million on a linked - quarter basis . Multi - family loans increased $ 738 million on a year - over - year basis and $ 298 million on a linked - quarter basis . Specialty finance loans increased $ 115 million year - over - year , but declined $ 81 million on a linked - quarter basis . Loan - related deposits totaled $ 4.2 billion , up $ 265 million compared to the previous quarter . Non - interest bearing deposits rose $ 355 million on a linked - quarter basis and $ 1.8 billion year - over - year . Asset Quality : NPAs declined 8 % compared to the previous quarter and were six basis points of total assets . As of September 30 , 2021 , full - payment deferrals were zero , while deferred loans paying interest - only and escrow totaled $ 914 million , down 9 % compared to the previous quarter . The allowance for credit losses at September 30 , 2021 was $ 200 million , representing 711.96 % of total non - performing loans and 0.46 % of total loans . Capital Position at September 30 , 2021 : Common Equity Tier 1 Capital Ratio was 9.92 % . Tier 1 Risk - Based Capital Ratio was 11.13 % . Total Risk - Based Capital Ratio was 13.11 % . Leverage Capital Ratio was 8.50 % .