Flagstar Bancorp (FBC) Tops Q3 EPS by 34c

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Go back to Flagstar Bancorp (FBC) Tops Q3 EPS by 34c

Flagstar Reports Third Quarter 2015 Net Income of $47 million, or $0.69 per Diluted Share

October 27, 2015 6:30 AM EDT

TROY, Mich., Oct. 27, 2015 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank, FSB, today reported third quarter 2015 net income of $47 million, or $0.69 per diluted share, as compared to $46 million in the second quarter 2015, or $0.68 per diluted share, and a net loss of $28 million in the third quarter 2014, or a loss of $0.61 per diluted share.

"We are pleased with the solid results we were able to post again this quarter. Despite lower revenue from mortgage originations, we grew total revenue and reduced expenses, resulting in positive operating... More