Flagstar Reports Second Quarter 2016 Net Income of $47 million, or $0.66 per Diluted Share07/26/16
Company posts solid earnings gain with significant operating leverage Key Highlights - Second Quarter 2016 Net income per diluted share increased $0.12, or 22 percent, from first quarter 2016. Positive operating leverage, led by 11 percent rise in revenue versus 2 percent increase in expenses against prior quarter. Net gain on loan sales rose $15 million, or 20 percent, on higher fallout-adjusted locks and wider gain on sale margin. Lower nonperforming loans and c... More >>
Flagstar Announces Second Quarter 2016 Earnings Call07/07/16
TROY, Mich., July 7, 2016 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC) today released instructions for its second quarter 2016 earnings call, which will be held Tuesday, July 26, 2016, at 11 a.m. ET. The purpose of the call is to discuss Flagstar's second quarter 2016 financial results, which will be released at approximately 6:30 a.m. July 26, 2016. To join the call, please dial (800) 723-6604 toll free or (785) 830-7977, and use passcode 1789408. Please call ... More >>
Flagstar Announces Redemption of TARP Preferred Stock06/29/16
TROY, Mich., June 29, 2016 /PRNewswire/ -- As announced on June 27, 2016, Flagstar Bancorp, Inc. (NYSE: FBC) received written non-objection from The Federal Reserve Bank of Chicago, acting pursuant to the authority delegated by the Board of Governors of the Federal Reserve System, to redeem $267 million of its Fixed Rate Cumulative Perpetual Preferred Stock, Series C (the "TARP Preferred"). Today, Flagstar announced that it has sent the required 30 day redemption notice ... More >>
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