Flagstar Bancorp Announces a Special Dividend of $2.50 per share

Rhea-AI Summary

Flagstar Bancorp, Inc. (NYSE: FBC) announced a special dividend of $2.50 per share on its common stock, scheduled for payment on November 17, 2022. Shareholders must be on record by the close of business on November 7, 2022. The company, based in Troy, Michigan, operates with total assets of $25.4 billion and provides various banking services through 158 branches across several states. Flagstar Bank is recognized as a leading national mortgage originator and servicer managing loans worth approximately $360 billion.

Positive

• Declaration of a special dividend of $2.50 per share enhances shareholder value.
• Strong assets totaling $25.4 billion indicate financial stability.
• Leading position in mortgage origination and servicing with a substantial loan portfolio.

Negative

• None.

TROY, Mich., Oct. 28, 2022 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank, FSB, today announced that its board of directors has declared a special dividend of $2.50 per share on its common stock. The dividend will be paid on November 17, 2022 to shareholders of record at the close of business on November 7, 2022.

About Flagstar

Flagstar Bancorp, Inc. (NYSE: FBC) is a $25.4 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 158 branches in Michigan, Indiana, California, Wisconsin and Ohio. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 81 retail locations in 26 states. Flagstar is a leading national originator and servicer of mortgage and other consumer loans, handling payments and record keeping for $360 billion of loans representing more than 1.4 million borrowers. For more information, please visit flagstar.com.

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of Flagstar Bancorp, Inc.'s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause the Company's actual results to differ materially from those described in the forward-looking statements can be found in periodic Flagstar reports filed with the U.S. Securities and Exchange Commission, which are available on the Company's website (flagstar.com) and on the Securities and Exchange Commission's website (sec.gov). Other than as required under United States securities laws, Flagstar Bancorp does not undertake to update the forward-looking statements to reflect the impact of circumstances or events that may arise after the date of the forward-looking statements.

For further information
MEDIA:  Susan Bergesen, Corporate Communications, (248) 312-6237

 

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SOURCE Flagstar Bancorp, Inc.

FAQ

What is the special dividend amount declared by Flagstar Bancorp?

Flagstar Bancorp declared a special dividend of $2.50 per share.

When will Flagstar Bancorp's special dividend be paid?

The special dividend will be paid on November 17, 2022.

What is the record date for the special dividend from Flagstar Bancorp?

The record date for the special dividend is November 7, 2022.

How does Flagstar Bancorp's asset size compare to its dividend declaration?

Flagstar Bancorp has total assets of $25.4 billion, reflecting significant financial strength alongside its special dividend declaration.