CSIMarket
 
Flagstar Bancorp Inc.  (FBC)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $37.5400 $0.43 1.159%
Day's High: $37.73 Week Perf: -1.18 %
Day's Low: $ 36.19 30 Day Perf:
Volume (M): 18,817 52 Wk High: $ 0.00
Volume (M$): $ 706,383 52 Wk Avg: $0.00
Open: $37.09 52 Wk Low: $0.00



 Market Capitalization (Millions $) 2,010
 Shares Outstanding (Millions) 54
 Employees 2,731
 Revenues (TTM) (Millions $) 1,545
 Net Income (TTM) (Millions $) 350
 Cash Flow (TTM) (Millions $) 146
 Capital Exp. (TTM) (Millions $) 46

Flagstar Bancorp Inc.

We primarily originate or purchase residential mortgage loans throughout the country and sell them into securitization pools, primarily to Federal National Mortgage Association ("Fannie Mae"), Federal Home Loan Mortgage Corporation ("Freddie Mac") and the Government National Mortgage Association ("Ginnie Mae") (collectively, the "Agencies") or as whole loans. In addition, we originate or purchase residential first mortgage loans, consumer loans, commercial loans and warehouse loans included in held-for-investment loan portfolios. Our revenues include net interest income, income from banking services we provide customers, and noninterest income from sales of residential first mortgage loans to the Agencies, the servicing of loans for others and the sale of servicing rights related to mortgage loans serviced for others. The combination of our home lending, broker and correspondent channels gives us broad access to customers across diverse geographies to originate, fulfill, sell and service our residential mortgage loan products.

Our business also includes the activities conducted through our Community Banking segment. This segment provides deposits and fee based services to consumer, business, and mortgage lending customers through its Branch Banking, Business, and Commercial Banking, Government Banking, Warehouse Lending and Held-for-Investment Portfolio groups. We maintain a portfolio of commercial and industrial and commercial real estate loans with our commercial customers and we originate or purchase residential mortgage loans through referrals from our branches, consumer direct call center and our website, flagstar.com. We leverage the customer relationships we have gained throughout our branch network to cross-sell products to existing customers and increase our customer base.

Our principal lending activities consist of the origination of residential first mortgage, second mortgage, HELOC and commercial loans generally located within our primary market and service areas.

Deposits include retail, commercial, government and company controlled deposits. Through our branches and commercial relationships, we gather deposits and offer a line of consumer and commercial financial products to individuals and businesses. We continue to focus our efforts towards the growth of our core deposits, which includes checking, savings and money market deposit accounts. We believe core deposits represent a more stable funding source. Government deposits are gathered from local municipalities primarily across the state of Michigan and are comprised mainly of property taxes that are collected.

The Federal Home Loan Bank provides funding on a fully collateralized basis to us. We are currently authorized through a resolution of our board of directors to apply for advances from the Federal Home Loan Bank using approved loan types as collateral, such as residential first mortgage loans, home equity lines of credit, commercial real estate loans.

We have arrangements with the Federal Reserve Bank of Chicago to borrow as appropriate from its discount window. The discount window is a borrowing facility that is intended to be used only for short-term liquidity needs arising from special or unusual circumstances. The amount we are allowed to borrow is based on the lendable value of the collateral that we agree to provide. To collateralize the line, we pledge commercial and industrial loans that are eligible based on Federal Reserve Bank of Chicago guidelines.

The banking industry is highly regulated. Statutory and regulatory controls are designed primarily for the protection of depositors and the financial system, and not for the purpose of protecting our shareholders. The following discussion is not intended to be a complete list of all the activities regulated by the banking laws or of the impact of such laws and regulations on us and the Bank. Changes in applicable laws or regulations, and in their interpretation and application by regulatory agencies, cannot be predicted and may have a material effect on our business and results.



   Company Address: 5151 Corporate Drive, Troy, 48098 MI
   Company Phone Number: 312-2000   Stock Exchange / Ticker: NYSE FBC
   


Customers Net Income grew by FBC's Customers Net Profit Margin grew to

80.2 %

18.79 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BKU   -4.84%    
BRKL   -5.66%    
CFFN      0% 
TFSL   -3.07%    
UMPQ   -3.6%    
WSBF   -4.21%    
• View Complete Report
   



First Guaranty Bancshares Inc

First Guaranty Bancshares Inc Faces Steep Decline in Financial Performance for Q4 2023

First Guaranty Bancshares Inc, a leading financial institution based in Hammond, Louisiana, has recently announced its financial results for the fiscal period closing December 31, 2023. The company reported a significant decrease in income, profit, and revenue compared to the previous financial reporting period. This sharp decline has also had a negative impact on the company's stock performance, with First Guaranty Bancshares Inc stock dropping by -28.03% from a year ago.
The company's income fell by -84.94% to $0.06 per share from $0.39 a year ago, and profit plummeted by -41.53% from $0.10 per share from the prior financial reporting period. Revenue receded widely by -14.578% to $21.39 million from $25.04 million in the same financial reporting period a year ago. Sequentially, revenue decreased by -4.097% from $22.31 million. The bottom-line also saw a significant decrease, with a profit of $1.303 million in the fiscal period closing December 31, 2023, falling by -74.56% from $5.122 million in the corresponding period a year before.

Hmn Financial Inc

SandLs Savings Banks Revenue Soft in Q4 Earnings Season

The latest financial report from HMNF (Hmn Financial Inc) has raised concerns among investors, as the company reported a significant decrease in both top and bottom-line figures for the fiscal year ending December 31, 2023. Income per share plummeted by -41.15% and revenue decreased by -14.157% year on year. These numbers are alarming, especially when compared to the previous fiscal period where income per share was $0.34 and revenue was $9.67 million.
In the fiscal fourth quarter of 2023, HMNF reported net profits of $1.452 million, which fell by -40.44% from the corresponding period a year before. The company's operating margin also decreased to 20.3% and net margin shrank to 15.76%. Operating earnings dropped by -43.98% to $1.87 million, squeezing the operating margin from 31.11% in the fourth quarter of 2022. Additionally, the accounts receivable declined to $845.7 million, although it was higher than during the same time a year ago.

Territorial Bancorp Inc

Territorial Bancorp Inc. Faces Steep Decline in Revenue and Profits for Financial Interval Ending December 31, 2023

The recent financial results of Territorial Bancorp Inc. paint a grim picture of its performance for the financial interval closing on December 31, 2023. The company witnessed a significant decline in revenue by -31.371%, leading to a steep deterioration in profits by -90.04%. The company reported a revenue of $9.87 million compared to $14.39 million the previous year, and earnings per share dropped to $0.04 from $0.39 in the previous year.
In contrast to the third quarter, where revenue decreased by -9.272% and profit plummeted by -61.04%, the October to December period of 2023 saw a further decline. Earnings fell by -90.3% to $0.334 million compared to $3.445 million in the corresponding period the previous year. Operating margin also shrunk to 4% and net margin dropped to 3.38%. Operating earnings fell -91.28% to $0.395 million, significantly squeezing the company's operating margin compared to the previous year.

Sterling Bancorp Inc

Strong Earnings Masking Potential Risks: A Closer Look at Sterling Bancorp Inc's Financial Results

Sterling Bancorp Inc's Positive Financial Results Mask Potential Concerns
Sterling Bancorp Inc, the holding company of Sterling Bank and Trust, F.S.B., recently reported its financial results for the October to December 31, 2023, period. While on the surface, the company seems to be performing well, a deeper analysis raises concerns about its future prospects.
One of the key positive points highlighted by Sterling Bancorp Inc is its profitability turning positive at $0.10 per share, compared to a loss of $0.37 per share in the previous year. Furthermore, earnings per share grew by a staggering 886.58% from $0.01 per share in the previous reporting period. These figures may impress investors at first glance, but they should be taken with a grain of salt.

Codorus Valley Bancorp Inc

Navigating Revenue Challenges: Codorus Valley Bancorp Inc's Fourth Quarter Financial Performance

Codorus Valley Bancorp, Inc., the parent company of PeoplesBank, has reported its financial results for the October to December 31, 2023 financial interval. Despite a decline in revenue, the company experienced growth in earnings per share (EPS) and net earnings. This article aims to interpret the key financial results and shed light on the company's performance in the given period.
1. Revenue Decline and EPS Growth:
During the October to December 2023 financial interval, Codorus Valley Bancorp, Inc.'s SandLs Savings Banks company witnessed a decrease in revenue by -0.702% to $24.17 million compared to the previous year. However, the company managed to raise its EPS by 0.15% to $0.55 per share. This indicates a strong bottom-line growth, albeit moderate.






 

Flagstar Bancorp's Segments
 
 
• View Complete Report




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com