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New York Community Bank posts higher income as assets hit $49.7 billion

Increased loan production and lower-than-expected operating expenses helped lift Westbury-based New York Community Bancorp’s net income to $106.6 million for the first quarter, a 2 percent year-over-year increase. “We originated $2.4 billion of loans held for investment during the quarter and we grew our loan portfolio by $501 million compared …

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