- PR Newswire•23 days ago
TROY, Mich., Aug.1, 2016 /PRNewswire/ -- Flagstar Bancorp, Inc. (FBC) announced that it has now completed its repayment of funds initially received under the Troubled Asset Relief Program ("TARP") through redemption of all $267 million of the company's Fixed Rate Cumulative Perpetual Preferred Stock, Series C, originally issued to the U.S. Department of the Treasury as part of TARP, plus payment of $104 million in accrued and unpaid dividends. Flagstar funded the total redemption cost of $371 million through a combination of internal liquidity, including a $200 million dividend from its wholly owned subsidiary, Flagstar Bank, and $250 million from the proceeds of the issuance of its 6.125% Senior Notes due 2021. "The resolution of TARP affirms the progress we have made in de-risking the balance sheet, building a strong management team, and creating a solid risk management organization," said Alessandro P. DiNello, president and chief executive officer.
- Associated Press•29 days ago
On a per-share basis, the Troy, Michigan-based company said it had profit of 66 cents. The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment ...
Flagstar Bancorp Inc. (FBC)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||25.45 x 100|
|Ask||30.00 x 200|
|Day's Range||27.90 - 28.09|
|52wk Range||17.25 - 28.09|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||11.95|
|Avg Vol (3m)||184,370|
|Dividend & Yield||0.00 (0.00%)|