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Last $18.51 USD
Change Today -0.02 / -0.11%
Volume 175.7K
FBC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

flagstar bancorp inc (FBC) Snapshot

Open
$18.49
Previous Close
$18.53
Day High
$18.59
Day Low
$18.36
52 Week High
07/24/14 - $19.75
52 Week Low
03/27/15 - $13.95
Market Cap
1.0B
Average Volume 10 Days
241.6K
EPS TTM
$0.13
Shares Outstanding
56.4M
EX-Date
02/19/08
P/E TM
140.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for FLAGSTAR BANCORP INC (FBC)

flagstar bancorp inc (FBC) Related Businessweek News

No Related Businessweek News Found

flagstar bancorp inc (FBC) Details

Flagstar Bancorp, Inc. operates as a savings and loan holding company for Flagstar Bank, FSB that offers financial products and services to individuals and businesses in the United States. The company operates through four segments: Mortgage Originations, Mortgage Servicing, Community Banking, and Other. The Mortgage Originations segment originates, acquires, and sells one-to-four family residential mortgage loans through home loan centers, national call centers, Internet, unaffiliated banks, mortgage banking, and brokerage companies. The Mortgage Servicing segment services and subservices mortgage loans; and residential mortgages held-for-investment and mortgage servicing rights. The Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, commercial loans, and warehouse lines of credit. It also provides other financial services to consumer and commercial customers, including lines of credit; revolving credit; treasury management solutions; equipment leasing; inventory and accounts receivable lending; and capital markets services, such as interest rate risk protection products. This segment serves consumer, business, and mortgage lending customers through branch banking, business and commercial banking, government banking, warehouse lending, and held-for-investment portfolio groups. As of December 31, 2014, the company operated a regional office in Jackson, Michigan; 107 banking centers in Michigan; 16 home loan centers in 13 states; 5 wholesale lending offices; 1 warehouse lending office; 1 underwriting office; and 1 commercial lending office. Flagstar Bancorp, Inc. was founded in 1987 and is headquartered in Troy, Michigan.

2,680 Employees
Last Reported Date: 05/8/15
Founded in 1987

flagstar bancorp inc (FBC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $1.5M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $498.1K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $1.0M
Chief Legal Officer and Executive Vice Presid...
Total Annual Compensation: $750.0K
Executive Vice President and Senior Deputy Ge...
Total Annual Compensation: $586.5K
Compensation as of Fiscal Year 2014.

flagstar bancorp inc (FBC) Key Developments

Flagstar Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015

Flagstar Bancorp Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income of $79.3 million against $66.4 million a year ago. Net interest income was $64.9 million against $58.2 million a year ago. Net interest income after provision for loan losses was $68.4 million against net interest loss after provision for loan losses of $54.1 million a year ago. Income before income taxes was $49.7 million against loss before income taxes of $118.4 million a year ago. Net income was $31.5 million against net loss of $78.4 million a year ago. Diluted earnings per share were $0.43 against loss per share of $1.51 a year ago. Net income applicable to common stockholders was $31.5 million against net loss applicable to common stockholders of $78.9 million a year ago. Return on average assets as at March 31, 2015 was 1.16% against negative return on average assets of 3.39% a year ago. Return on average equity as at March 31, 2015 was 8.85% against negative return on average equity was 21.85% a year ago. Adjusted net income applicable to common stockholders was $31.5 million against adjusted net loss applicable to common stockholders of $65.2 million a year ago. Diluted adjusted earnings per share were $0.43 against diluted adjusted loss per share of $1.26 a year ago. Book value per common share as at March 31, 2015 was $20.43 against $19.29 a year ago. For the quarter, the company net charge-offs in the first quarter 2015 were $40.5 million, or 3.97% of applicable loans, compared to $9.0 million, or 0.91% of applicable loans in the prior quarter. The first quarter 2015 amount included $36.0 million of net charge-offs associated with the sale of $331 million of lower performing loans during the quarter. Excluding loan sales in both quarters, net charge-offs in the first quarter of 2015 were $4.6 million, or 0.45% of applicable loans, compared to $6.0 million, or 0.60% of applicable loans in the prior quarter. The company provided earnings guidance for the second quarter 2015. For the quarter, the company expects net interest income to increase approximately 10% as continue to grow earning assets. Mortgage locks are expected to remain flat with originations up 10% to 15%. The company expects the decline in gain on loan sale margin. Loan administration income is expected to remain at the first quarter level. The company expects the net return on the mortgage servicing asset to remain under pressure giving elevated prepayment rates. The company expects the effective tax rate in first quarter to remain content in second quarter to remain constant.

Flagstar Bancorp Inc. to Report Q1, 2015 Results on Apr 28, 2015

Flagstar Bancorp Inc. announced that they will report Q1, 2015 results at 6:30 AM, US Eastern Standard Time on Apr 28, 2015

Flagstar Bancorp Inc., Q1 2015 Earnings Call, Apr 28, 2015

Flagstar Bancorp Inc., Q1 2015 Earnings Call, Apr 28, 2015

 

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Industry Analysis

FBC

Industry Average

Valuation FBC Industry Range
Price/Earnings 84.8x
Price/Sales 1.7x
Price/Book 0.9x
Price/Cash Flow 25.8x
TEV/Sales NM Not Meaningful
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