May 1 (Reuters) - New York Community Bancorp ( NYCB )
reported a loss for the first quarter on Wednesday, as the
commercial real estate-focused lender increased its loan-loss
provisions to cover possible defaults.
The bank posted a loss of $327 million, or 45 cents per
share, in the three months ended March 31. That compares with a
profit of $2.01 billion, or $2.87 per share, in the year-ago
period.
(Reporting by Niket Nishant and Manya Saini in Bengaluru;
Editing by Saumyadeb Chakrabarty)