FBC - FBC STOCK NEWS

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.

Flagstar Bank has appointed Michael Adler as the new executive vice president and head of Wholesale Banking. This role includes overseeing all commercial client coverage teams, treasury management, and non-consumer banking areas. Adler, with over 30 years in commercial banking, aims to transform Flagstar's commercial business into a scalable national platform. He has held significant positions at BBVA USA and Bank of America. Flagstar Bancorp, Inc. (NYSE: FBC), valued at $27.0 billion, provides various banking services through its 158 branches across five states.

Flagstar Bank has appointed James Campbell as executive vice president and head of servicing for its residential mortgage division. Campbell, with over 30 years of experience in financial services, focuses on enhancing customer experience and process improvement. His prior roles include leadership positions at Caliber Home Loans and Deutsche Bank. Lee Smith, president of Mortgage at Flagstar, emphasized the importance of customer experience in servicing, viewing Campbell's leadership as a key factor for future growth in this area. Flagstar Bank manages loans totaling $272 billion, serving over 1.2 million borrowers.

Flagstar Bancorp (NYSE: FBC) reported strong third-quarter 2021 results, with net income of $152 million, or $2.83 per diluted share, up from $147 million in Q2 2021. Year-to-date net income reached $448 million. Net interest income increased 7% to $195 million, benefiting from higher average loans held-for-sale and a stable net interest margin of 3.00%. The company’s capital ratios improved, with a total risk-based capital ratio of 14.55%. However, net income decreased from $222 million in Q3 2020. Flagstar also released $30 million from its allowance for credit losses.

Flagstar Bancorp (NYSE: FBC), based in Troy, Michigan, has declared a quarterly cash dividend of $0.06 per share on its common stock. This dividend will be payable on November 16, 2021, to shareholders of record as of November 6, 2021. Flagstar, with total assets of $27.1 billion, operates 158 branches across several states and is a prominent national mortgage originator and servicer. The company maintains $255.7 billion in loan servicing for nearly 1.2 million borrowers.

New York Community Bancorp (NYSE: NYCB) and Flagstar Bancorp (NYSE: FBC) announced that both companies received shareholder approval for their merger during special meetings held on August 4, 2021. The merger is expected to finalize in Q4 2021, pending regulatory approvals. Upon completion, the combined entity will possess approximately $85 billion in total assets, operate nearly 400 branches across nine states, and maintain a significant presence in retail lending. Company leaders expressed confidence in the merger's benefits, aiming to establish one of the top regional banks in the U.S.

Flagstar Bancorp (NYSE: FBC) reported strong performance for Q2 2021, generating $183 million in net interest income and achieving a net interest margin of 2.90%. Net income for the quarter was $147 million, or $2.74 per diluted share, slightly down from Q1 2021. The company released $45 million from its allowance for credit losses, reflecting solid asset quality. Capital ratios improved, with a total risk-based capital ratio of 14.1%. Despite a decline in noninterest income to $252 million, Flagstar remains well-positioned for growth.

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 September 15, 2021, to shareholders of record as of September 1, 2021. Flagstar Bancorp, a $27.1 billion savings and loan holding company based in Troy, Mich., operates 158 branches across several states and is a significant player in mortgage origination and servicing, handling $255.7 billion in loans for nearly 1.2 million borrowers.

Flagstar Bancorp reported strong first quarter 2021 results, posting adjusted net income of $176 million, or $3.31 per diluted share. The bank achieved a net interest income of $189 million and recorded mortgage revenue of $227 million. Tangible book value per share increased 8% to $41.77. Despite a decrease in noninterest income to $324 million, the net recoveries of $13 million improved asset quality, allowing for a $15 million release of credit loss reserves. Flagstar also announced a strategic partnership with New York Community Bank aimed at future growth.