Last $18.51 USD
Change Today +0.01 / 0.05%
Volume 137.2K
FBC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

flagstar bancorp inc (FBC) Snapshot

Open
$18.70
Previous Close
$18.50
Day High
$18.76
Day Low
$18.40
52 Week High
02/28/14 - $22.88
52 Week Low
09/12/13 - $13.71
Market Cap
1.0B
Average Volume 10 Days
188.3K
EPS TTM
$6.48
Shares Outstanding
56.2M
EX-Date
02/19/08
P/E TM
2.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for FLAGSTAR BANCORP INC (FBC)

flagstar bancorp inc (FBC) Related Businessweek News

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flagstar bancorp inc (FBC) Details

Flagstar Bancorp, Inc. operates as the holding company for Flagstar Bank, FSB that provides various financial products and services to individuals and businesses in the United States. The company’s Mortgage Banking segment originates, acquires, sells, and services mortgage loans through home loan centers, national call centers, Internet, unaffiliated banks, and mortgage brokerage companies. Its products include one-to-four family residential first mortgage loans, adjustable-rate mortgage loans, interest-only mortgages, second mortgage loans, and home equity line of credit loans. This segment also services mortgage loans for others and sells mortgage servicing rights into the secondary market. Its Community Banking segment offers various financial products and services to individuals, small and middle market businesses, and mortgage lenders. Its products comprise checking, savings, sweep, and money market deposit accounts, as well as certificates of deposit; commercial loans; commercial real estate loans; commercial and industrial loans; commercial lease financing loans; and warehouse lines of credit. This segment also provides other financial services to consumer and commercial customers, including lines of credit, revolving credit, customized treasury management solutions, equipment and technology leasing, international services, and inventory and accounts receivable lending, as well as capital markets services, such as interest rate risk protection products, foreign exchange hedging, and trading of securities. The company also offers telephone banking services; government banking products; and treasury management services, such as remote deposit and merchant services. As of December 31, 2013, it operated through a regional office in Jackson, Michigan; 111 banking centers in Michigan; 39 home loan centers in 19 states; and 9 wholesale lending offices. Flagstar Bancorp, Inc. was founded in 1987 and is headquartered in Troy, Michigan.

2,741 Employees
Last Reported Date: 07/23/14
Founded in 1987

flagstar bancorp inc (FBC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $1.4M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $750.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $603.9K
Executive Vice President and Director of Loan...
Total Annual Compensation: $675.0K
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $605.8K
Compensation as of Fiscal Year 2013.

flagstar bancorp inc (FBC) Key Developments

Flagstar Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Net Charge-Offs for the Second Quarter Ended June 30, 2014; Provides Earnings Outlook for the Third Quarter of 2014

Flagstar Bancorp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income of $62,425,000 against $47,096,000 a year ago. Net interest income after provision for loan losses was $56,275,000 against $15,533,000 a year ago. Income before income taxes was $37,406,000 against $61,095,000 a year ago. Net income applicable to common stockholders was $25,514,000 or $0.33 per basic and diluted share against $65,754,000 or $1.10 per diluted share a year ago. Total interest income was $71,913,000 against $85,058,000 a year ago. Return on average assets was 1.04% against 2.03% a year ago. Return on average equity was 7.38% against 21.23% a year ago. Book value per share at June 30, 2014 was $19.90 compared to $17.66 a year ago. Net interest income increase was partially offset by higher funding costs. From a rate volume perspective, the increase in interest income was primarily attributable to increases in average interest-earning balances of investment securities, mortgage loans available for sale, and warehouse loans, offset by a decrease in first mortgage loans held for investment. For the six months, the company reported net interest income of $120,626,000 against $102,764,000 a year ago. Net interest income after provision for loan losses was $2,155,000 against $50,786,000 a year ago. Loss before income taxes was $81,013,000 against income before income taxes of $84,702,000 a year ago. Net loss applicable to common stockholders was $53,392,000 or $1.17 per basic and diluted share against net income applicable to common stockholders of $87,923,000 or $1.43 per diluted share a year ago. Total interest income was $138,264,000 against $180,047,000 a year ago. Negative return on average assets was 1.12% against return on average assets of 1.32% a year ago. Negative return on average equity was 7.56% against return on average equity of 14.57% a year ago. Net charge-offs for the second quarter 2014 decreased to $7.2 million, as compared to $12.3 million for the first quarter 2014 and $78.6 million for the second quarter 2013. The decrease from the prior quarter was primarily driven by a decrease in residential first mortgage loan charge-offs. For the third quarter, the company expects that net interest income before provision for loan losses will increase between 2% to 4% as compared to net interest income in the second quarter.

Flagstar Bancorp Inc. to Report Q2, 2014 Results on Jul 22, 2014

Flagstar Bancorp Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 22, 2014

Flagstar Bancorp Inc., Q2 2014 Earnings Call, Jul 23, 2014

Flagstar Bancorp Inc., Q2 2014 Earnings Call, Jul 23, 2014

 

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FBC

Industry Average

Valuation FBC Industry Range
Price/Earnings 9.9x
Price/Sales 2.0x
Price/Book 0.9x
Price/Cash Flow 8.4x
TEV/Sales NM Not Meaningful
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