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, payable on November 17, 2022, to shareholders of record as of November 7, 2022. As of now, Flagstar operates with assets totaling $25.4 billion and provides an array of banking services across 158 branches in multiple states, including Michigan and California. The company also serves over 1.4 million borrowers through a wholesale network and 81 retail locations across 26 states.

Positive

• Quarterly cash dividend of $0.06 per share reflects company confidence.
• $25.4 billion in assets indicates strong financial position.

Negative

• None.

TROY, Mich., Oct. 26, 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 November 17, 2022, to shareholders of record at the close of business 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.
SOURCE:  Flagstar Bancorp, Inc.

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

View original content:https://www.prnewswire.com/news-releases/flagstar-bancorp-announces-quarterly-dividend-of-0-06-per-share-301659483.html

SOURCE Flagstar Bancorp, Inc.

FAQ

When is the dividend payment date for Flagstar Bancorp (FBC)?

The dividend payment date for Flagstar Bancorp (FBC) is November 17, 2022.

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

Flagstar Bancorp (FBC) has declared a dividend amount of $0.06 per share.

Who is eligible for the dividend from Flagstar Bancorp (FBC)?

Shareholders of record as of November 7, 2022, are eligible for the dividend from Flagstar Bancorp (FBC).

How does Flagstar Bancorp (FBC) financially perform?

Flagstar Bancorp has total assets of $25.4 billion and serves over 1.4 million borrowers.