Flagstar Bancorp (FBC) Tops Q3 EPS by $1.65

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Go back to Flagstar Bancorp (FBC) Tops Q3 EPS by $1.65

Flagstar Bancorp Reports Third Quarter 2020 Net Income of $222 million, or $3.88 Per Diluted Share

October 21, 2020 6:30 AM EDT

TROY, Mich., Oct. 21, 2020 /PRNewswire/ --

Key Highlights - Third Quarter 2020

Surpassed record results from second quarter 2020 as all segments posted strong earnings Grew net interest income by $12 million to $180 million Achieved mortgage revenue of $358 million on strong gain on sale margin and volume growth Increased the allowance for credit losses by $30 million, raising the coverage ratio to 1.7 percent, or 3.1 percent excluding warehouse loans Generated tangible book value growth of 25 percent through the first nine months of 2020

Flagstar Bancorp, Inc. (NYSE:... More