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Flagstar Bancorp Inc (FBC.N)

FBC.N on New York Stock Exchange

39.14USD
19 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Flagstar Estimated Mid-Teens Pct Rise In FY 2018 Net Income
Tuesday, 26 Dec 2017 

Dec 26 (Reuters) - Flagstar Bancorp Inc ::FLAGSTAR ANNOUNCES IMPACT OF TAX CUTS AND JOBS ACT.FLAGSTAR BANCORP - ESTIMATED MID-TEENS PERCENT INCREASE IN FY 2018 NET INCOME, EARNINGS PER SHARE BASED ON FIRST CALL CONSENSUS ESTIMATE.FLAGSTAR BANCORP - ‍ONE-TIME, NON-CASH CHARGE TO PROVISION FOR INCOME TAXES OF ABOUT $80 MILLION/$1.38 PER DILUTED SHARE FROM NEW TAX LEGISLATION​.  Full Article

Flagstar Bank to acquire Desert Community Bank branches from East West Bank
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Flagstar Bancorp Inc ::Flagstar Bank to acquire Desert Community Bank branches from East West Bank.Flagstar Bancorp Inc - ‍terms of transaction were not disclosed​.  Full Article

Flagstar reports Q3 earnings per share $0.70
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Flagstar Bancorp Inc :Flagstar reports third quarter 2017 net income of $40 million, or $0.70 per diluted share.Q3 earnings per share $0.70.Q3 earnings per share view $0.68 -- Thomson Reuters I/B/E/S.Flagstar Bancorp Inc - Qtrly ‍net interest income rose $6 million, or 6 percent, from Q2 2017​.  Full Article

Flagstar Bancorp Inc sees Q4 net interest margin up modestly
Tuesday, 25 Oct 2016 

Flagstar Bancorp Inc : Flagstar Bancorp Inc sees Q4 net interest margin up modestly on rotation into higher spread loans - SEC filing .Flagstar Bancorp Inc sees Q4 net provision for loan losses slightly lower on continued strong asset quality - SEC filing.  Full Article

Flagstar reports Q2 earnings per share of $0.66
Tuesday, 26 Jul 2016 

Flagstar Bancorp Inc : Qtrly net interest income $77 million versus $73 million . Flagstar reports second quarter 2016 net income of $47 million, or $0.66 per diluted share . Q2 earnings per share $0.66 .Q2 earnings per share view $0.56 -- Thomson Reuters I/B/E/S.  Full Article

Flagstar Bancorp prices offering of $250 mln of 6.125% senior notes
Wednesday, 29 Jun 2016 

Flagstar Bancorp Inc :Pricing of its previously announced offering of $250 million in aggregate principal amount of its 6.125% senior notes due 2021.  Full Article

Flagstar Bancorp says redemption of TARP preferred stock
Wednesday, 29 Jun 2016 

Flagstar Bancorp Inc : Flagstar Bancorp Inc says redemption of TARP preferred stock . Flagstar Bancorp Inc says to redeem $267 million of its fixed rate cumulative perpetual preferred stock, series c . Redemption price for TARP preferred will be stated liquidation preference amount of $1,000 per share, plus accrued and unpaid dividends .Flagstar Bancorp Inc says total aggregate redemption price of shares of TARP preferred will be approximately $371 million.  Full Article

Flagstar announces pricing of $250 million senior notes
Wednesday, 29 Jun 2016 

Flagstar Bancorp Inc : Flagstar announces pricing of $250 million senior notes . Pricing of its previously announced offering of $250 million in aggregate principal amount of its 6.125% senior notes due 2021 .Flagstar announces pricing of $250 million senior notes.  Full Article

Flagstar Bancorp receives regulatory approval to redeem TARP preferred stock
Monday, 27 Jun 2016 

Flagstar Bancorp Inc : Flagstar receives regulatory approval to redeem TARP preferred stock . Received written non-objection from Federal Reserve Bank Of Chicago to redeem $267 million of its fixed rate cumulative perpetual preferred stock, series C . Intends to finance redemption using senior debt securities, internally generated sources, including a $200 million dividend from Flagstar Bank . No equity offering for this redemption is contemplated .Will pay about $31 million of deferred interest on 9 series of TRUPS issued by trusts controlled by company.  Full Article

BRIEF-Flagstar Estimated Mid-Teens Pct Rise In FY 2018 Net Income

* FLAGSTAR BANCORP - ESTIMATED MID-TEENS PERCENT INCREASE IN FY 2018 NET INCOME, EARNINGS PER SHARE BASED ON FIRST CALL CONSENSUS ESTIMATE