Last €13.09 EUR
Change Today +0.325 / 2.55%
Volume 0.0
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As of 2:15 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

flagstar bancorp inc (FL2P) Snapshot

Open
€13.13
Previous Close
€12.76
Day High
€13.13
Day Low
€13.09
52 Week High
03/5/14 - €16.06
52 Week Low
12/16/14 - €11.46
Market Cap
736.3M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
56.3M
EX-Date
02/19/08
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FLAGSTAR BANCORP INC (FL2P)

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flagstar bancorp inc (FL2P) Details

Flagstar Bancorp, Inc. operates as the holding company for Flagstar Bank, FSB that provides various financial products and services to individuals and businesses in the United States. The company’s Mortgage Banking segment originates, acquires, sells, and services mortgage loans through home loan centers, national call centers, Internet, unaffiliated banks, and mortgage brokerage companies. Its products include one-to-four family residential first mortgage loans, adjustable-rate mortgage loans, interest-only mortgages, second mortgage loans, and home equity line of credit loans. This segment also services mortgage loans for others and sells mortgage servicing rights into the secondary market. Its Community Banking segment offers various financial products and services to individuals, small and middle market businesses, and mortgage lenders. Its products comprise checking, savings, sweep, and money market deposit accounts, as well as certificates of deposit; commercial loans; commercial real estate loans; commercial and industrial loans; commercial lease financing loans; and warehouse lines of credit. This segment also provides other financial services to consumer and commercial customers, including lines of credit, revolving credit, customized treasury management solutions, equipment and technology leasing, international services, and inventory and accounts receivable lending, as well as capital markets services, such as interest rate risk protection products, foreign exchange hedging, and trading of securities. The company also offers telephone banking services; government banking products; and treasury management services, such as remote deposit and merchant services. As of December 31, 2013, it operated through a regional office in Jackson, Michigan; 111 banking centers in Michigan; 39 home loan centers in 19 states; and 9 wholesale lending offices. Flagstar Bancorp, Inc. was founded in 1987 and is headquartered in Troy, Michigan.

2,739 Employees
Last Reported Date: 01/22/15
Founded in 1987

flagstar bancorp inc (FL2P) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.4M
Chief Operating Officer
Total Annual Compensation: $603.9K
Executive Vice President and Senior Deputy Ge...
Total Annual Compensation: $750.0K
Executive Vice President and General Counsel
Total Annual Compensation: $605.8K
Compensation as of Fiscal Year 2013.

flagstar bancorp inc (FL2P) Key Developments

Flagstar Bancorp Inc. Appoints Bryan Marx as Principal Accounting Officer

On January 21, 2015, the board of directors of Flagstar Bancorp Inc. appointed Bryan Marx, as its principal accounting officer. The duties of the principal accounting officer were previously performed by James K. Ciroli, Executive Vice President and Chief Financial Officer of the company. In this role, Mr. Marx will continue to report to Mr. Ciroli. Mr. Marx joined the company and Flagstar Bank, FSB, as a Senior Vice President in the Accounting Group in October, 2013. Prior to joining the company, Mr. Marx worked in public accounting for fifteen years, most recently as a senior manager with PricewaterhouseCoopers LLP in the firm's Banking and Capital Markets practice group.

Flagstar Bancorp Inc. Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015; Provides Net Charge-Offs for the Fourth Quarter of 2014

Flagstar Bancorp Inc. reported consolidated unaudited earnings results for the fourth quarter and year ended December 31, 2014. The company reported fourth quarter 2014 net income applicable to common stockholders of $11.1 million, or $0.07 per basic and diluted share, as compared to a net loss of $27.6 million in the third quarter 2014, or $0.61 per diluted share, and net income of $161.9 million in the fourth quarter 2013, or $2.77 per diluted share. Net interest income was $61.3 million against $41.2 million a year ago. The decrease in net interest income was due to lower interest income from loans repurchased with government guarantees and from lower levels of average consumer loans. Income before income tax was $15.5 million against loss of $248.5 million a year ago. Return on average assets was 0.44% against 5.70% a year ago. Return on average equity was 3.18% against 50.39% a year ago. Net interest margin decreased from the prior quarter was driven primarily by a lower yield from the loans that were included in the early buy-outs, and a 21 basis point reduction in the yield on loans held-for-sale. Total interest income was $72.2 million against $71.83 million a year ago. Driving the overall increase in adjusted net income was a positive operating leverage for the quarter led by a 1% decline in expenses with stable revenue. Net income from continuing operations was $11.076 million compared to $160.457 million a year ago. Adjusted income was $153.663 million compared to $138.925 million a year ago. Adjusted net income applicable to common stockholders was $11.076 million or $0.07 per diluted share compared to loss of $36.127 million or $0.70 per diluted share a year ago. For the full year, the company reported net loss applicable to common stockholders of $69.5 million, or $1.72 per basic and diluted share, as compared to a full year 2013 net income of $261.203 million, or $4.37 per diluted share. Net interest income was $246.3 million against $186.7 million a year ago. Loss before income tax was $103.44 million against $149.236 million a year ago. Return on average assets (negative) was 0.71% against return on average assets of 2.08% a year ago. Return on average equity (negative) was 4.97% against return on average equity of 21.09% a year ago. Total interest income was $285.56 million against $330.687 million a year ago. Book value per common share was $19.64 million against $20.66 million a year ago. Net loss from continuing operations was $69.948 million compared to net income from continuing operations of $261.203 million a year ago. Adjusted income was $629.151 million compared to $847.045 million a year ago. Adjusted net loss applicable to common stockholders was $17.022 million or $0.78 per diluted share compared to income of $20.446 million or $0.11 per diluted share a year ago. For the first quarter of 2015, the company expects net interest income to increase slightly, led by modest earning asset growth. The net interest margin is expected to be relatively stable, but it could narrow a bit. Net charge offs in the fourth quarter 2014 were $9.0 million, or 0.91% of applicable loans, compared to $13.1 million, or 1.36% of applicable loans in the prior quarter. The fourth quarter 2014 amount included $3.0 million of net charge-offs associated with the of $24 million of lower performing loans during the quarter. The net charge-offs associated with these sales accounted for 31 basis points of the fourth quarter's net charge-off rate.

Flagstar Bancorp Inc. Names Brian Vieaux as National Sales Director for Wholesale Lending

Flagstar Bancorp Inc. has named Brian Vieaux as national sales director for Wholesale Lending. In his new position, he is responsible for the day-to-day management of the bank's broker and correspondent channels. Prior to joining Flagstar, he was senior vice president, national sales director, at Aurora Bank in St. Louis, Mo.

 

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