Flagstar Bancorp, Inc. operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial and consumer banking services to consumer, commercial, and government customers in the United States. It operates in three segments: Community Banking, Mortgage Originations, and Mortgage Servicing. The Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer and commercial loans, commercial real estate loans, equipment finance and leasing, home builder finance loans, and warehouse lines of credit. It also provides other financial services, including consumer and corporate card services, customized treasury management solutions, merchant services, and capital markets services, such as loan syndications, and investment and insurance products and services. This segment serves consumer, business, and mortgage lending customers through its branch banking, business and commercial banking, government banking, and warehouse lending. The Mortgage Originations segment originates, acquires, and sells one-to-four family residential mortgage loans through mortgage branches, call centers, the Internet, and third party counterparties. The Mortgage Servicing segment offers serviced and subserviced mortgage and other consumer loans; and services loans for its loans held-for-investment and loans held-for-sale portfolios, as well as noninterest-bearing escrow services. As of December 31, 2020, the company provided banking services through 158 full service banking branches; and mortgages through a wholesale network of brokers and correspondents in 50 states, as well as 103 retail locations and 3 call centers in 28 states. Flagstar Bancorp, Inc. was founded in 1987 and is headquartered in Troy, Michigan.
IPO Year:
Exchange: NYSE
Website: flagstar.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/14/2022 | $64.00 → $44.00 | Buy → Neutral | B. Riley Securities |
| 6/3/2022 | $52.25 → $44.00 | Outperform → Mkt Perform | Keefe Bruyette |
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TROY, Mich., Dec. 21, 2020 /PRNewswire/ -- Flagstar Bancorp today announced the appointment of Toan Huynh and Lori Jordan to its board of directors, keeping a promise made in July to further diversify its board by adding women of color. Both will also serve on the board of Flagstar Bank, the wholly owned subsidiary of the corporation. Toan Huynh Lori Jordan Huynh is an independent director of Bankers Financial Corporation and a seasoned cloud and digital leader with over 20 years' experience in various industries designing and implementing digital transformation programs. Jordan is currently with Amazon.com, Inc., where she is strategic product leader fo
B. Riley Securities downgraded Flagstar Bancorp from Buy to Neutral and set a new price target of $44.00 from $64.00 previously
Keefe Bruyette downgraded Flagstar Bancorp from Outperform to Mkt Perform and set a new price target of $44.00 from $52.25 previously
Raymond James downgraded Flagstar Bancorp from Strong Buy to Market Perform
Wedbush downgraded Flagstar Bancorp from Outperform to Neutral and set a new price target of $50.00
Wedbush downgraded Flagstar Bancorp from Outperform to Neutral
Raymond James reiterated coverage of Flagstar Bancorp with a rating of Strong Buy and set a new price target of $60.00 from $56.00 previously
B. Riley reiterated coverage of Flagstar Bancorp with a rating of Buy and set a new price target of $55.00 from $46.00 previously
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TROY, Mich., Oct. 28, 2022 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE:FBC), the holding company for Flagstar Bank, FSB, today announced that its board of directors has declared a special dividend of $2.50 per share on its common stock. The dividend will be paid on November 17, 2022 to shareholders of record at the close of business on November 7, 2022. About Flagstar Flagstar Bancorp, Inc. (NYSE:FBC) is a $25.4 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 1
Key Highlights - Third Quarter 2022 Generated adjusted net income of $75 million, or $1.41 per diluted share, excluding merger-related costs.Expanded net interest margin by 29 basis points to 3.98 percent for the quarter and 4.07 percent for September.Grew average commercial loans, excluding warehouse loans, by 15 percent compared to the second quarter.Yielded an annualized 12 percent return on our mortgage servicing rights asset.Produced a 1.2 percent return on assets.Reduced noninterest expense by $20 million and improved the efficiency ratio by 8 percent.Maintained strong asset quality with no nonperforming commercial loans.TROY, Mich., Oct. 26, 2022 /PRNewswire/ -- Flagstar Bancorp, Inc.
TROY, Mich., Oct. 26, 2022 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE:FBC), the holding company for Flagstar Bank, FSB, today announced its board of directors has declared a quarterly cash dividend of $0.06 per share on its common stock. The dividend will be payable November 17, 2022, to shareholders of record at the close of business November 7, 2022. About FlagstarFlagstar Bancorp, Inc. (NYSE:FBC) is a $25.4 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 158 branches in Michigan, Indiana, California, Wisconsin and Ohio. It also provides home loans through a wholesale netw
Key Highlights - Second Quarter 2022 Generated adjusted net income of $63 million, or $1.17 per diluted share, excluding merger-related costs.Expanded net interest margin by 58 basis points to 3.69 percent.Grew average commercial loans, excluding warehouse loans, by 9 percent compared to the first quarter.Expanded portfolio of loans serviced or subserviced by 10 percent to nearly 1.4 million accounts and $0.3 trillion in UPB.Maintained strong asset quality with no nonperforming commercial loans at quarter-end and a 42 percent reduction in forbearance-related delinquent loans.TROY, Mich., July 27, 2022 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE:FBC), the holding company for Flagstar Bank, t
TROY, Mich., July 21, 2022 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE:FBC), the holding company for Flagstar Bank, FSB, today announced its board of directors has declared a quarterly cash dividend of $0.06 per share on its common stock. The dividend will be payable August 18, 2022, to shareholders of record at the close of business August 8, 2022. About Flagstar Flagstar Bancorp, Inc. (NYSE:FBC) is a $23 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 158 branches in Michigan, Indiana, California, Wisconsin and Ohio. It also provides home loans through a wholesale network o
Key Highlights - First Quarter 2022 Posted adjusted net income of $55 million, or $1.02 per diluted share, excluding merger-related costs.Leveraged higher interest rates to grow net interest margin by 15 basis points to 3.11 percent and deliver a $29 million net return on mortgage servicing rights.Grew annualized average commercial loans, excluding warehouse loans, by 28 percent.Expanded portfolio of loans serviced or subserviced to 1.3 million, or $0.3 trillion in UPB.Maintained strong asset quality with no delinquent commercial loans at quarter-end.TROY, Mich., April 27, 2022 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE:FBC), the holding company for Flagstar Bank, today reported first quar
TROY, Mich., April 20, 2022 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE:FBC), the holding company for Flagstar Bank, FSB, today announced its board of directors has declared a quarterly cash dividend of $0.06 per share on its common stock. The dividend will be payable May 19, 2022, to shareholders of record at the close of business May 9, 2022. About Flagstar Flagstar Bancorp, Inc. (NYSE:FBC) is a $25.5 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 158 branches in Michigan, Indiana, California, Wisconsin and Ohio. It also provides home loans through a wholesale network of b
TROY, Mich., Jan. 26, 2022 /PRNewswire/ -- Key Highlights - Fourth Quarter 2021 Posted adjusted net income of $90 million, or $1.69 per diluted share, excluding merger related costs. Returned 1.3 percent on average assets and 13.8 percent on average tangible common equity. Maintained low levels of nonperforming loans; reduced allowance for credit losses by $20 million. Grew capital with total risk-based capital ratio increasing 133 basis points to 15.9 percent. Achieved $48.33 in tangible book value per share—$9.53 increase compared to December 31, 2020.Flagstar Bancorp, Inc. (NYSE:FBC), the holding company for Flagstar Bank, today reported fourth quarter 2021 net income of $85 million, or $
TROY, Mich., Jan. 20, 2022 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE:FBC), the holding company for Flagstar Bank, FSB, today announced its board of directors has declared a quarterly cash dividend of $0.06 per share on its common stock. The dividend will be payable February 17, 2022, to shareholders of record at the close of business February 7, 2022. About Flagstar Flagstar Bancorp, Inc. (NYSE:FBC) is a $27.0 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 158 branches in Michigan, Indiana, California, Wisconsin and Ohio. It also provides home loans through a wholesale net
TROY, Mich., Oct. 27, 2021 /PRNewswire/ -- Key Highlights - Third Quarter 2021 Generated net interest income of $195 million, up $12 million from the prior quarter. Produced mortgage revenue of $178 million -- sixth consecutive quarter over $150 million. Grew capital significantly with total risk-based capital ratio increasing 42 basis points to 14.5 percent. Delivered exceptional returns on average tangible common equity of 25.2 percent and on average assets of 2.2 percent.Flagstar Bancorp, Inc. (NYSE:FBC), the holding company for Flagstar Bank, today reported third quarter 2021 net income of $152 million, or $2.83 per diluted share, compared to second quarter 2021 net income of $147 millio
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NEW YORK, Nov. 28, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Thursday, December 1: Nexstar Media Group Inc. (NASD:NXST) will replace Sabre Corp. (NASD:SABR) in the S&P MidCap 400, and Sabre will replace Flagstar Bancorp Inc. (NYSE:FBC) in the S&P SmallCap 600. S&P MidCap 400 constituent New York Community Bancorp Inc. (NYSE:NYCB) is acquiring Flagstar Bancorp in a deal expected to be completed soon pending final conditions. Sabre has a market capitalization more representative of the small-cap market space.S&P SmallCap 600 constituent PBF Energy Inc. (NYSE:PBF) will replac
HICKSVILLE, N.Y. and TROY, Mich., Nov. 7, 2022 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company" or "NYCB") and Flagstar Bancorp, Inc. (NYSE:FBC) ("Flagstar") today announced that NYCB has received regulatory approval from the Federal Reserve Board (the "FRB") to complete its previously announced acquisition of Flagstar Bancorp, Inc. ("Flagstar"). On October 28, 2022, NYCB and Flagstar announced the receipt of regulatory approval from the Office of the Comptroller of the Currency to convert Flagstar Bank, FSB to a national bank to be known as Flagstar Bank, N.A. and to merge New York Community Bank into Flagstar Bank, N.A. With the FRB approval, no further regulat
TROY, Mich., Oct. 28, 2022 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE:FBC), the holding company for Flagstar Bank, FSB, today announced that its board of directors has declared a special dividend of $2.50 per share on its common stock. The dividend will be paid on November 17, 2022 to shareholders of record at the close of business on November 7, 2022. About Flagstar Flagstar Bancorp, Inc. (NYSE:FBC) is a $25.4 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 1
BOTH COMPANIES MUTUALLY AGREE TO EXTEND MERGER AGREEMENT TO DECEMBER 31, 2022 HICKSVILLE, N.Y. and TROY, Mich., Oct. 28, 2022 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company" or "NYCB") and Flagstar Bancorp, Inc. (NYSE:FBC) ("Flagstar") announced today the receipt of approval from the Office of the Comptroller of the Currency (the "OCC") to convert Flagstar Bank, FSB to a national bank to be known as Flagstar Bank, N.A., and to merge New York Community Bank into Flagstar Bank, N.A. with Flagstar Bank, N.A. being the surviving entity. NYCB's acquisition of Flagstar remains subject to the approval of the Federal Reserve Board (the "FRB"), as well as to the satisfacti
Key Highlights - Third Quarter 2022 Generated adjusted net income of $75 million, or $1.41 per diluted share, excluding merger-related costs.Expanded net interest margin by 29 basis points to 3.98 percent for the quarter and 4.07 percent for September.Grew average commercial loans, excluding warehouse loans, by 15 percent compared to the second quarter.Yielded an annualized 12 percent return on our mortgage servicing rights asset.Produced a 1.2 percent return on assets.Reduced noninterest expense by $20 million and improved the efficiency ratio by 8 percent.Maintained strong asset quality with no nonperforming commercial loans.TROY, Mich., Oct. 26, 2022 /PRNewswire/ -- Flagstar Bancorp, Inc.
TROY, Mich., Oct. 26, 2022 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE:FBC), the holding company for Flagstar Bank, FSB, today announced its board of directors has declared a quarterly cash dividend of $0.06 per share on its common stock. The dividend will be payable November 17, 2022, to shareholders of record at the close of business November 7, 2022. About FlagstarFlagstar Bancorp, Inc. (NYSE:FBC) is a $25.4 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 158 branches in Michigan, Indiana, California, Wisconsin and Ohio. It also provides home loans through a wholesale netw
Kirby Brendsel brings nearly two decades of experience to this new role TROY, Mich., Oct. 18, 2022 /PRNewswire/ -- Flagstar Bank has strengthened its commitment to environmental, social and governance initiatives with the addition of Kirby Brendsel as Flagstar's ESG and Sustainability director. In this newly created role, Brendsel will lead a team to oversee the growth and development of Flagstar's ESG and sustainability efforts focused on people, planet and performance. "I have always wanted to make a difference in my work," Brendsel said. "Working with a like-minded brand li
Flagstar Bank, the fifth largest subservicer in the U.S., has renewed its contract for the MSP loan servicing system to support and accelerate the growth of its portfoliosMSP is a comprehensive, end-to-end loan servicing system that encompasses all aspects of servicing, from loan boarding to default; the platform is used by financial institutions to service approximately 37 million active loansFlagstar Bank has also renewed its contract to use Black Knight's default suite of solutions to help streamline the handling of nonperforming loans and manage loss mitigation processesThe bank is also a current user of Black Knight's product, pricing and eligibility engine, as well as its marketing aut
Key Highlights - Second Quarter 2022 Generated adjusted net income of $63 million, or $1.17 per diluted share, excluding merger-related costs.Expanded net interest margin by 58 basis points to 3.69 percent.Grew average commercial loans, excluding warehouse loans, by 9 percent compared to the first quarter.Expanded portfolio of loans serviced or subserviced by 10 percent to nearly 1.4 million accounts and $0.3 trillion in UPB.Maintained strong asset quality with no nonperforming commercial loans at quarter-end and a 42 percent reduction in forbearance-related delinquent loans.TROY, Mich., July 27, 2022 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE:FBC), the holding company for Flagstar Bank, t
TROY, Mich., July 21, 2022 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE:FBC), the holding company for Flagstar Bank, FSB, today announced its board of directors has declared a quarterly cash dividend of $0.06 per share on its common stock. The dividend will be payable August 18, 2022, to shareholders of record at the close of business August 8, 2022. About Flagstar Flagstar Bancorp, Inc. (NYSE:FBC) is a $23 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 158 branches in Michigan, Indiana, California, Wisconsin and Ohio. It also provides home loans through a wholesale network o
NEW YORK, November 28, 2022: S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Thursday, December 1: • Nexstar Media Group Inc. (NASD:NXST) will replace Sabre Corp. (NASD:SABR) in the S&P MidCap 400, and Sabre will replace Flagstar Bancorp Inc. (NYSE:FBC) in the S&P SmallCap 600. S&P MidCap 400 constituent New York Community Bancorp Inc. (NYSE:NYCB) is acquiring Flagstar Bancorp in a deal expected to be completed soon pending final conditions. Sabre has a market capitalization more representative of the small-cap market space. • S&P SmallCap 600 constituent PBF Energy Inc. (NYSE:PBF) will replace Nu S
On CNBC’s “Halftime Report Final Trades,” Joseph Terranova of Virtus Investment Partners recommended buying shares of Seagen Inc. (NASDAQ:SGEN). Benzinga data shows analysts have an Outperform consensus rating on SGEN. Jenny Harrington of Gilman Hill Asset Management named New York Community Bancorp, Inc. (NYSE:NYCB), saying that after receiving approval from the OCC to merge with Flagstar Bancorp Inc (NYSE:FBC), the merger date has been extended until Dec. 31, as they are waiting for FRB approval. She added, however, that the merger is “finally going smoothly.” There is a 7.3% yield and a “really safe 68 cent dividend,” Harrington mentioned. Check out other stocks making moves in the prem
Gainers Quanergy Systems, Inc. (NASDAQ:QNGY) jumped 153.9% to close at $3.30 on Friday. Aeglea BioTherapeutics, Inc. (NASDAQ:AGLE) surged 61.4% to close at $0.92 after jumping 15% on Thursday. Nuvalent, Inc. (NASDAQ:NUVL) shares gained 60.6% to close at $35.34 after the company reported preliminary Phase 1 clinical data from the ARROS-1 trial that support the best-in-class potential of NVL-520 for patients with ROS1-positive NSCLC. Bull Horn Holdings Corp. (NASDAQ:BHSE) jumped 44.7% to close at $11.95. Fangdd Network Group Ltd. (NASDAQ:DUO) gained 36.6% to close at $1.94. Provident Acquisition Corp. (NASDAQ:PAQC) shares jumped 32.7% to close at $11.00. Perfect Corp. and Provident Ac
Gainers PennyMac Financial Servs (NYSE:PFSI) stock increased by 17.4% to $55.44 during Friday's regular session. The current volume of 744.8K shares is 151.4% of PennyMac Financial Servs's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $2.9 billion. As per the news, the Q3 earnings report came out yesterday. Kinsale Capital Gr (NYSE:KNSL) shares moved upwards by 12.5% to $306.03. Trading volume for this security as of 13:30 EST is 191.1K, which is 131.4% of its average full-day volume over the last 100 days. The company's market cap stands at $7.0 billion. As per the news, the Q3 earnings report came out yesterday. Flagstar
U.S. stocks traded higher, with the Dow Jones gaining more than 500 points on Friday. Here are some big stocks recording gains in today’s session. Nuvalent, Inc. (NASDAQ:NUVL) shares jumped 62% to $35.60 after the company reported preliminary Phase 1 clinical data from the ARROS-1 trial that support the best-in-class potential of NVL-520 for patients with ROS1-positive NSCLC. TAL Education Group (NYSE:TAL) climbed 16.3% to $4.6180 after the company reported better-than-expected Q2 results. 8x8, Inc. (NYSE:EGHT) surged 15% to $3.9189 after the company announced better-than-expected Q2 EPS and sales results. Grand Canyon Education, Inc. (NASDAQ:LOPE) rose 14.5% to $99.97 following strong
Flagstar Bancorp, Inc. (NYSE:FBC), the holding company for Flagstar Bank, FSB, today announced that its board of directors has declared a special dividend of $2.50 per share on its common stock. The dividend will be paid on November 17, 2022 to shareholders of record at the close of business on November 7, 2022.
The Meaning Behind Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Benzinga Insights has compiled a list of value stocks in the financial services sector that may be worth watching: OptimumBank Hldgs (NASDAQ:OPHC) - P/E: 2.58 Itau Corpbanca (NYSE:ITCB) - P/E: 4.27 HBT Finl (NASDAQ:HBT) - P/E: 9.74 Flagstar Bancorp (NYSE:FBC) - P/E: 5.1
Flagstar Bancorp (NYSE:FBC) reported its Q3 earnings results on Wednesday, October 26, 2022 at 06:45 AM. Here's what investors need to know about the announcement. Earnings Flagstar Bancorp beat estimated earnings by 13.71%, reporting an EPS of $1.41 versus an estimate of $1.24. Revenue was up $24.00 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.09 which was followed by a 3.92% increase in the share price the next day. Here's a look at Flagstar Bancorp's past performance: Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021 EPS Estimate 1.08 1.39 1.62 1.85 EPS Actual 1.17