Flagstar Bancorp: Q3 Earnings Insights

Shares of Flagstar Bancorp FBC were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 249.55% year over year to $3.88, which beat the estimate of $2.32.

Revenue of $180,000,000 up by 23.29% from the same period last year, which beat the estimate of $174,680,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Oct 21, 2020

Time: 11:00 AM

ET Webcast URL: http://investors.flagstar.com/event

Recent Stock Performance

52-week high: $40.00

52-week low: $16.76

Price action over last quarter: Up 4.16%

Company Profile

Headquartered in Troy, Mich., Flagstar is a thrift that originates, services, and sells loans across the United States. The bank has around $14.2 billion in assets and $7.8 billion in deposits. First mortgage, second mortgage, and commercial real estate loans collectively compose 88% of the bank's investment portfolio.