Flagstar Bancorp Inc. (FBC) |
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Price: $37.5400
$0.43
1.159%
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Day's High:
| $37.73
| Week Perf:
| -1.18 %
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Day's Low: |
$ 36.19 |
30 Day Perf: |
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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 |
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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
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Customers Net Income grew by |
FBC's Customers Net Profit Margin grew to |
80.2 % |
18.79 %
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Stock Performances by Major Competitors |
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First Guaranty Bancshares Inc
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.
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Hmn Financial Inc
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.
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Territorial Bancorp Inc
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.
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Sterling Bancorp Inc
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.
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Codorus Valley Bancorp Inc
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.
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Per Share |
Current |
Earnings (TTM) |
6.53 $ |
Revenues (TTM) |
28.86 $
|
Cash Flow (TTM) |
2.73 $ |
Cash |
-
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Book Value |
50.3 $
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Dividend (TTM) |
0.22 $ |
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Per Share |
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Earnings (TTM) |
6.53 $
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Revenues (TTM) |
28.86 $ |
Cash Flow (TTM) |
2.73 $ |
Cash |
-
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Book Value |
50.3 $ |
Dividend (TTM) |
0.22 $ |
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