FBC - FBC STOCK NEWS

Flagstar Bancorp (NYSE: FBC) has announced a quarterly cash dividend of $0.06 per share, payable on June 15, 2021, to shareholders of record by June 1, 2021. The company, headquartered in Troy, Mich., holds $29.4 billion in assets and operates 158 branches across multiple states, including Michigan and California. Flagstar is a significant player in mortgage lending, managing payments for over $247.4 billion of loans for more than 1.1 million borrowers.

Flagstar Bancorp, Inc. (NYSE: FBC) announced its first quarter 2021 earnings call scheduled for April 29, 2021, at 11 a.m. ET. Financial results will be published at 6:30 a.m. ET on the same day. Investors can participate by dialing (334) 323-0501 or (800) 353-6461, with a passcode of 9931654. A replay will be available for five business days. Flagstar, a $31.0 billion savings and loan holding company, operates 158 branches across five states and offers mortgage services nationwide.

Flagstar Bancorp reported a strong fourth quarter for 2020, with net income of $154 million or $2.83 per diluted share, although down from $222 million the previous quarter. The bank's net interest income rose $9 million to $189 million, attributed to lower deposit costs and increased warehouse loan balances. Mortgage revenue reached $232 million, despite a decline in gain on sale margins. The company maintained solid asset quality with low nonperforming loans and a tangible book value per share of $38.80, marking a 36% increase for the year.

Flagstar Bancorp, Inc. (NYSE: FBC) announced a quarterly cash dividend of $0.06 per share, reflecting a 20% increase from the previous $0.05 per share. This dividend will be payable on March 15, 2021, to shareholders of record by the close of business on March 1, 2021. The company, headquartered in Troy, Mich., operates 158 branches across five states and is a leading provider of mortgage and consumer loans, handling payments for approximately $227 billion of loans for nearly 1.1 million borrowers.

Flagstar Bancorp, Inc. (NYSE: FBC) has scheduled its fourth quarter 2020 earnings call for January 21 at 11 a.m. ET. The financial results will be released at 6:30 a.m. ET on the same day. Investors can join the call by dialing (888) 204-4368 or (856) 344-9299 with passcode 3619451. A replay will be available for five business days. The live audiocast and supporting presentation will be accessible on Flagstar's Investor Relations website. Flagstar is a $29.5 billion savings and loan holding company, offering a range of banking services across multiple states.

Flagstar Bank has appointed Karen Buck as executive vice president and head of Operations, effective January 6, 2021. Buck, who brings over 30 years of experience from TD Bank, will oversee various operational areas including the Customer Engagement Center and business risk controls. CEO Alessandro DiNello expressed optimism about enhancing operational excellence and driving growth within Flagstar's retail and commercial sectors. Buck's accolades include recognition from The American Banker and NJBIZ Journal, highlighting her influential role in the financial services industry.

Flagstar Bancorp has appointed Toan Huynh and Lori Jordan to its board of directors, following a commitment to enhance board diversity by including women of color. Both appointees bring extensive experience in technology and finance, with Huynh having over 20 years in digital transformation and Jordan a strategic leader at Amazon. The CEO, Alessandro DiNello, expressed confidence that their expertise in fintech and eCommerce will be vital for Flagstar's future success. Flagstar Bancorp, valued at $29.5 billion, operates across several U.S. states and is a prominent player in the mortgage lending sector.

Flagstar Bank announced the second cohort of startups for its MortgageTech Accelerator on Dec. 1, 2020. The selected companies are Home Lending Pal, Stavvy, and RealKey. This accelerator, the only one in the U.S. dedicated to mortgage technology, aims to boost innovation in mortgage processes. Flagstar, the sixth largest bank mortgage originator in the U.S., provides startups with mentorship, tailored programs, and access to a network of customers and investors. The program concludes on Feb. 4, 2021.

Flagstar Bank has announced a commitment of $1 million in grants to support small businesses owned by Black, Indigenous, and people of color impacted by COVID-19. Eligible businesses can apply for $5,000 grants from now until November 20, with a focus on those with revenues under $1 million. The bank aims to combat challenges faced by minority-owned businesses, collaborating with BIPOC nonprofits for grant administration. Notifications for selected businesses will be sent by December 4.