Flagstar Bancorp (FBC) Tops Q2 EPS by 10c

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Go back to Flagstar Bancorp (FBC) Tops Q2 EPS by 10c

Flagstar Reports Second Quarter 2016 Net Income of $47 million, or $0.66 per Diluted Share

July 26, 2016 6:31 AM EDT

TROY, Mich., July 26, 2016 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank, FSB, today reported second quarter 2016 net income of $47 million, or $0.66 per diluted share, as compared to $39 million in the first quarter 2016, or $0.54 per diluted share, and net income of $46 million in the second quarter 2015, or $0.68 per diluted share.

"We're happy to report another solid quarter," said Alessandro P. DiNello, president and chief executive officer of Flagstar Bancorp, Inc. "Net income rose as mortgage volume increased 18 percent and net interest income remained relatively stable. We... More