Flagstar Bancorp (FBC) Tops Q1 EPS by 3c

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Go back to Flagstar Bancorp (FBC) Tops Q1 EPS by 3c

Flagstar Bancorp Reports First Quarter 2020 Net Income of $46 Million, or $0.80 Per Diluted Share

April 28, 2020 6:30 AM EDT

TROY, Mich., April 28, 2020 /PRNewswire/ --

Key Highlights - First Quarter 2020

Transitioned smoothly to remote operations to protect the health of employees and ensure business continuity Achieved mortgage revenues of $96 million, driven by strong refinance volume and higher return on MSRs Effectively managed NIM compression through the challenging rate environment Adopted CECL, increasing credit reserves to $152 million at March 31st Ended the quarter in a solid financial position--ample capital and liquidity

Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for... More