Last €13.46 EUR
Change Today -0.01 / -0.07%
Volume 0.0
FL2P On Other Exchanges
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As of 2:08 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

flagstar bancorp inc (FL2P) Snapshot

Open
€13.49
Previous Close
€13.47
Day High
€13.49
Day Low
€13.46
52 Week High
02/28/14 - €16.31
52 Week Low
10/9/13 - €10.39
Market Cap
756.7M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
56.2M
EX-Date
02/19/08
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FLAGSTAR BANCORP INC (FL2P)

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flagstar bancorp inc (FL2P) 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: 07/29/14
Founded in 1987

flagstar bancorp inc (FL2P) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $1.4M
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
Senior Deputy General Counsel
Total Annual Compensation: $750.0K
Compensation as of Fiscal Year 2013.

flagstar bancorp inc (FL2P) Key Developments

Pomerantz LLP Files Class Action Against Flagstar Bancorp, Inc. and Certain of its Officers

Pomerantz LLP announced that it has filed class action lawsuit against Flagstar Bancorp Inc. and certain of its officers. The class action, filed in United States District Court, Eastern District of Michigan, and docketed under 14-cv-13459, is on behalf of a class consisting of all persons or entities who purchased Flagstar securities between January 22, 2014 and August 26, 2014, inclusive. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The complaint alleges that throughout the class period, Flagstar Bancorp made materially false and/or misleading statements, and failed to disclose material adverse facts about the company's business, operations, prospects, performance, and compliance with federal law. Specifically, during the class period, Flagstar Bancorp made false and/or misleading statements and/or failed to disclose that: (i) dating back to 2011, the company's loss mitigation practices and default servicing operations were not in compliance with various federal consumer financial laws promulgated by the Consumer Financial Protection Bureau; (ii) the company lacked proper internal controls; and (iii) as a result of the above, the company's financial statements were materially false and misleading at all relevant times.

Flagstar Bancorp Inc. Announces Management Changes

Flagstar Bancorp Inc. announced that Current CFO Paul Borja will assume the position of senior deputy general counsel. He will be replaced in the CFO role by James Ciroli. Flagstar Bancorp Inc. hired James Ciroli as its new CFO, executive vice president and principal accounting officer of both the company and Flagstar Bank FSB, effective Aug. 4. The appointment of Ciroli, who recently left his position of senior vice president and principal accounting officer at First Niagara Financial Group Inc. Paul Borja, the institutions' current CFO and principal accounting officer, will move to the position of senior deputy general counsel, where he will have supervision over legal functions involving mortgage and retail banking; commercial transactions and vendor contracts; and corporate governance, securities and human resources.

Court Dismisses Class Action Against Flagstar Bancorp and Flagstar Reinsurance Company

Flagstar Bancorp Inc. announced that the U.S. District Court of Eastern Pennsylvania dismissed a class-action suit filed against it and subsidiary Flagstar Reinsurance Co. on June 26. The suit, filed in May 2012, accused the defendants of violating the Real Estate Settlement Procedures Act with a captive reinsurance arrangement. The plaintiffs have since filed an appeal in the circuit court.

 

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Industry Analysis

FL2P

Industry Average

Valuation FL2P Industry Range
Price/Earnings 9.8x
Price/Sales 1.8x
Price/Book 0.9x
Price/Cash Flow 7.9x
TEV/Sales NM Not Meaningful
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