Flagstar Bancorp (FBC) Tops Q4 EPS by 51c

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Go back to Flagstar Bancorp (FBC) Tops Q4 EPS by 51c

Flagstar Bancorp Reports Fourth Quarter 2020 Net Income of $154 million, or $2.83 Per Diluted Share

January 21, 2021 6:30 AM EST

TROY, Mich., Jan. 21, 2021 /PRNewswire/ --

Key Highlights - Fourth Quarter 2020

Net interest income grew by $9 million with lower deposit costs and higher warehouse balances. Mortgage revenue was $232 million as fallout adjusted lock volume and gain on sale margins stayed strong. Asset quality remained solid with low levels of nonperforming loans and an industry-leading coverage ratio. Tangible book value per share reached $38.80 at year-end, representing a 36 percent increase for 2020.

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