Inactive Instrument

Flagstar Bancorp, Inc.

Equities

FBC

US3379307057

Flagstar Bancorp: Q2 Earnings Snapshot

July 27, 2022 at 06:45 am

TROY, Mich. (AP) _ Flagstar Bancorp Inc. (FBC) on Wednesday reported second-quarter net income of $60 million.

The Troy, Michigan-based company said it had net income of $1.12 per share. Earnings, adjusted for non-recurring costs, came to $1.17 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.

The holding company for Flagstar Bank posted revenue of $340 million in the period. Its adjusted revenue was $324 million, which missed Street forecasts. Three analysts surveyed by Zacks expected $346.7 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FBC at https://www.zacks.com/ap/FBC

Latest news about Flagstar Bancorp, Inc.

New York Community Bancorp Closes Flagstar Bancorp Buyout; Chief Operating Officer Robert Wann Retires	22-12-01	MT
Flagstar Bancorp, Inc. Announces Resignation of Alessandro P. Dinello as Chief Executive Officer	22-12-01	CI
Flagstar Bancorp, Inc. Announces Resignation of James K. Ciroli as Chief Financial Officer	22-12-01	CI
Flagstar Bancorp, Inc. Announces Management Resignations	22-12-01	CI
Flagstar Bancorp, Inc.(NYSE:FBC) dropped from S&P Banks Select Industry Index	22-12-01	CI
Flagstar Bancorp, Inc.(NYSE:FBC) dropped from S&P Global BMI Index	22-12-01	CI
Flagstar Bancorp, Inc.(NYSE:FBC) dropped from S&P 1000	22-12-01	CI
Flagstar Bancorp, Inc.(NYSE:FBC) dropped from S&P TMI Index	22-12-01	CI
Flagstar Bancorp, Inc.(NYSE:FBC) dropped from S&P 600	22-12-01	CI
Flagstar Bancorp, Inc.(NYSE:FBC) dropped from S&P Composite 1500	22-12-01	CI
Flagstar Bancorp, Inc.(NYSE:FBC) dropped from S&P 600 Financials	22-12-01	CI
New York Community Bancorp, Inc. completed the acquisition of Flagstar Bancorp, Inc..	22-11-30	CI
Nexstar Media, PBF Energy Added to S&P MidCap 400; Sabre, Nu Skin Enterprises Join S&P SmallCap 600	22-11-29	MT
Correction to S&P MidCap 400, SmallCap 600 Article	22-11-28	DJ
Nexstar Media, PBF Energy to Join S&P MidCap 400; Sabre, Nu Skin to Join S&P SmallCap 600	22-11-28	DJ
New York Community Bancorp Gets Final Regulatory Approval for Acquisition of Flagstar Bancorp	22-11-07	MT
Sector Update: Financial Stocks Finishing Strong Session Near Intra-Day Highs	22-10-28	MT
Sector Update: Financial Stocks Gaining Friday Afternoon	22-10-28	MT
Sector Update: Financial	22-10-28	MT
New York Community Bancorp, Flagstar Bancorp Receive Merger Approval From Office of the Comptroller of the Currency	22-10-28	MT
Flagstar Bancorp Sets Special Dividend of $2.50, Payable Nov. 17 to Shareholders as of Nov. 7	22-10-28	MT
Flagstar Bancorp, Inc. Declares Special Dividend on Its Common Stock, Payable on November 17, 2022	22-10-28	CI
Flagstar Bancorp Q3 Adjusted Profit Rises, Revenue Drops	22-10-26	MT
Earnings Flash (FBC) FLAGSTAR BANCORP Reports Q3 EPS $1.41	22-10-26	MT
Flagstar Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-10-26	CI

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Company Profile

Flagstar Bancorp, Inc. is a savings and loan holding company. The Company's business is primarily conducted through its subsidiary, Flagstar Bank, FSB (the Bank). The Bank provides commercial and consumer banking services. It operates through three segments: Community Banking, Mortgage Originations and Mortgage Servicing. The Community Banking segment originates loans, provides deposits and fee-based services to consumer, business, and mortgage lending customers through its branch banking, business banking and commercial banking, government banking and warehouse lending. The Mortgage Originations segment originates and acquires one-to-four family residential mortgage loans to sell or hold. The Mortgage Servicing segment services and subservices mortgage and other consumer loans for others on a fee for service basis. The Mortgage Servicing segment also services loans for its loans held-for-investment (LHFI) portfolio and its own LHFS portfolio in the Mortgage Originations segment.

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