Recap: Flagstar Bancorp Q4 Earnings

 

Shares of Flagstar Bancorp FBC were flat in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share increased 183.00% year over year to $2.83, which beat the estimate of $2.36.

Revenue of $189,000,000 rose by 24.34% year over year, which beat the estimate of $181,920,000.

Outlook

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

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

Details Of The Call

Date: Jan 21, 2021

Time: 11:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/fbc/mediaframe/43137/indexr.html

Price Action

52-week high: $46.59

52-week low: $16.76

Price action over last quarter: Up 41.94%

Company Overview

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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EarningsNewsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!