Flagstar Bancorp Announces Quarterly Dividend of $0.06 per share

Rhea-AI Summary

Flagstar Bancorp (NYSE: FBC) has declared a quarterly cash dividend of $0.06 per share on its common stock. This dividend is set to be paid on February 17, 2022, to shareholders of record as of February 7, 2022. The company has a total asset base of $27.0 billion and operates 158 branches across several states, providing a variety of banking services. Flagstar is also a key player in mortgage origination and servicing, managing payments for loans totaling $272 billion for over 1.2 million borrowers.

Positive

• Quarterly cash dividend of $0.06 per share indicates company confidence in maintaining shareholder value.
• Strong asset base of $27.0 billion supports continued operations and growth.

Negative

• COVID-19 pandemic presents ongoing risks and uncertainties impacting financial position and operational results.

TROY, Mich., Jan. 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 February 17, 2022, to shareholders of record at the close of business February 7, 2022.

About Flagstar

Flagstar Bancorp, Inc. (NYSE: FBC) is a $27.0 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 84 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 $272 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, (248) 312-5741 
MEDIA:  Susan Bergesen, Corporate Communications, (248) 312-6237

For more information, contact: 
Kenneth Schellenberg
FBCInvestorRelations@flagstar.com 
(248) 312-5741

View original content:https://www.prnewswire.com/news-releases/flagstar-bancorp-announces-quarterly-dividend-of-0-06-per-share-301464511.html

SOURCE Flagstar Bancorp, Inc.

FAQ

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

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

When will the dividend be paid to Flagstar Bancorp (FBC) shareholders?

The dividend will be paid on February 17, 2022.

What is the record date for the Flagstar Bancorp (FBC) dividend?

The record date for the dividend is February 7, 2022.

How large is Flagstar Bancorp's asset base?

Flagstar Bancorp has an asset base of $27.0 billion.

What type of services does Flagstar Bancorp (FBC) provide?

Flagstar offers commercial, small business, and consumer banking services, along with mortgage origination and servicing.