Flagstar Bancorp Announces Quarterly Dividend of $0.06 per share

Rhea-AI Summary

Flagstar Bancorp, Inc. (NYSE: FBC) has declared a quarterly cash dividend of $0.06 per share on its common stock. This dividend will be payable on May 19, 2022, to shareholders of record by the close of business on May 9, 2022. Flagstar, headquartered in Troy, Michigan, operates 158 branches across five states and offers a wide range of banking services. The company has a significant presence in mortgage origination and servicing, handling payments for $291 billion in loans.

Positive

• Quarterly cash dividend of $0.06 per share, providing income for shareholders.
• Strong market position with $25.5 billion in assets and extensive branch network.

Negative

• Potential risks from the COVID-19 pandemic impacting business and financial results.

TROY, Mich., April 20, 2022 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank, FSB, today announced its board of directors has declared a quarterly cash dividend of $0.06 per share on its common stock. The dividend will be payable May 19, 2022, to shareholders of record at the close of business May 9, 2022.

About Flagstar

Flagstar Bancorp, Inc. (NYSE: FBC) is a $25.5 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 83 retail locations in 28 states. Flagstar is a leading national originator and servicer of mortgage and other consumer loans, handling payments and record keeping for $291 billion of loans representing over 1.2 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). The COVID-19 pandemic is adversely affecting us, our customers, counterparties, employees, and third-party service providers, and the ultimate extent of the impacts on our business, financial position, results of operations, liquidity, and prospects is uncertain. 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
ANALYSTS: Ken Schellenberg, Investor Relations, FBCInvestorRelations@flagstar.com, (248) 312-5741 
MEDIA:  Susan Bergesen, Corporate Communications, (248) 312-6237

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SOURCE Flagstar Bancorp, Inc.

FAQ

What is the dividend amount declared by Flagstar Bancorp (FBC)?

Flagstar Bancorp has declared a dividend of $0.06 per share.

When will the dividend be paid to shareholders of FBC?

The dividend will be payable on May 19, 2022.

What date is the record for FBC shareholders to receive the dividend?

Shareholders must be on record by the close of business on May 9, 2022.

What are the financial risks mentioned in the Flagstar Bancorp press release?

The press release mentions potential impacts from the COVID-19 pandemic on business and financial performance.