FBC - Flagstar Bancorp, Inc.

NYSE - NYSE Delayed Price. Currency in USD
36.63
-0.05 (-0.14%)
At close: 4:01PM EST
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Previous Close36.68
Open36.36
Bid36.66 x 800
Ask36.68 x 800
Day's Range36.18 - 36.82
52 Week Range25.30 - 40.00
Volume274,300
Avg. Volume368,564
Market Cap2.07B
Beta (3Y Monthly)1.26
PE Ratio (TTM)9.82
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.16 (0.44%)
Ex-Dividend Date2019-11-29
1y Target EstN/A
All
News
Press Releases
  • PR Newswire

    Flagstar Bancorp, Inc. Announces Pricing of Secondary Offering of Common Stock

    TROY, Mich., Oct. 29, 2019 /PRNewswire/ – Flagstar Bancorp, Inc. (FBC) (the "Company") today announced the pricing of its previously announced registered public secondary offering of 6.1 million shares of the Company's common stock for gross proceeds of approximately $221.7 million. All of the shares have been offered by MP Thrift Investments L.P. ("MP Thrift"). MP Thrift has granted the underwriter a 30-day option to purchase up to an additional 0.9 million shares of the Company's common stock.

  • PR Newswire

    Flagstar Bancorp, Inc. Announces Proposed Secondary Offering of Common Stock

    TROY, Mich., Oct. 29, 2019 /PRNewswire/ -- Flagstar Bancorp, Inc. (FBC) (the "Company") today announced the commencement of a registered public secondary offering of 6.1 million shares of the Company's common stock, or approximately 10.8% of the Company's outstanding common stock. All of the shares sold in the offering will be sold by MP Thrift Investments L.P. ("MP Thrift"). MP Thrift intends to grant the underwriter a 30-day option to purchase up to an additional 0.9 million shares of the Company's common stock.

  • PR Newswire

    Flagstar Bank Signs Long-Term Renewal for Black Knight's Industry-Leading MSP Loan Servicing System; Adds Proof of Claims to Support Its Default Operations

    - A Black Knight client for eight years, Flagstar Bank, a $20 billion bank and the 5th largest subservicer in the nation, servicing or subservicing almost 1 million loans, renewed its contract for the ...

  • Flagstar Bancorp Reports Third Quarter 2019 Net Income of $63 million, or $1.11 Per Diluted Share
    PR Newswire

    Flagstar Bancorp Reports Third Quarter 2019 Net Income of $63 million, or $1.11 Per Diluted Share

    TROY, Mich. , Oct. 22, 2019 /PRNewswire/ -- Key Highlights - Third Quarter 2019 Mortgage revenues increased $28 million from prior quarter, led by margin expansion of 31 basis points and a $0.9 billion ...

  • PR Newswire

    Flagstar Bancorp Announces Quarterly Dividend on Common Stock

    TROY, Mich. , Oct. 22, 2019 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank, FSB, today announced its board of directors has declared a quarterly cash dividend ...

  • Flagstar Bank Names Gibson National Mortgage Sales Director
    PR Newswire

    Flagstar Bank Names Gibson National Mortgage Sales Director

    TROY, Mich., Oct. 17, 2019 /PRNewswire/ -- Flagstar Bank has named John Gibson national sales director for its Third Party Originations Division. In this position, he is responsible for the strategic direction, growth and profitability of Flagstar's broker and correspondent channels. Prior to joining Flagstar, he was with Caliber Home Loans, Inc., for eight years, most recently as executive vice president of Wholesale Lending Production.

  • PR Newswire

    Flagstar Bank Announces Final Disposition of its Loan to Live Well Financial

    TROY, Mich., Sept. 18, 2019 /PRNewswire/ -- Flagstar Bank, a subsidiary of Flagstar Bancorp, Inc. (FBC), today announced it had completed the sale of all the securities acquired as collateral for its loan to Live Well Financial, Inc.  As a result, Flagstar has no further exposure remaining. "I am very pleased to have put this situation behind us," said Alessandro DiNello, Flagstar president and chief executive officer. Based on the results of this sale, Flagstar expects to report a recovery of $1 million in the third quarter 2019.  "While any additional recoveries are uncertain, we are confident in the merits of our case and, considering assets identified by the government, are hopeful that we will realize additional recoveries," DiNello said.

  • PR Newswire

    Flagstar Announces Third Quarter 2019 Earnings Call

    TROY, Mich. , Sept. 5, 2019 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC) today released instructions for its third quarter 2019 earnings call, which will be held Tuesday, October 22 , at 11 a.m. ...

  • PR Newswire

    Flagstar Bancorp Reports Second Quarter 2019 Net Income of $61 million, or $1.06 Per Diluted Share

    TROY, Mich. , July 23, 2019 /PRNewswire/ -- Key Highlights - Second Quarter 2019 Adjusted net income of $41 million , or $0.71 per diluted share, excluding Department of Justice ("DOJ") benefit ...

  • PR Newswire

    Flagstar Announces Second Quarter 2019 Earnings Call

    TROY, Mich. , July 2, 2019 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC) today released instructions for its second quarter 2019 earnings call, which will be held Tuesday, July 23 , at 11 a.m. ET ...

  • PR Newswire

    Flagstar to Audiocast 2019 Annual Meeting of Shareholders

    TROY, Mich. , May 15, 2019 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC) today announced plans to audiocast its 2019 Annual Meeting of Shareholders. The annual meeting will be held Tuesday, May 21, ...

  • Flagstar Bank Hires Jason Lee to Head Capital Markets
    PR Newswire

    Flagstar Bank Hires Jason Lee to Head Capital Markets

    Veteran of mortgage industry responsible for key business unit TROY, Mich. , April 30, 2019 /PRNewswire/ -- Flagstar Bank has hired Jason Lee, a seasoned mortgage professional who has held key roles with ...

  • PR Newswire

    Flagstar Bancorp Reports First Quarter 2019 Net Income of $36 million, or $0.63 Per Diluted Share

    Key Highlights - First Quarter 2019 -Adjusted net income of $37 million , or $0.64 per diluted share, excluding costs related to the Wells Fargo branch acquisition. -Successfully completed the integration ...

  • PR Newswire

    Flagstar Bank and City of Detroit Announce Neighborhood Partnership with Old Redford

    TROY, Mich., April 22, 2019 /PRNewswire/ -- Flagstar Bank today announced Old Redford as the first neighborhood partnership supporting the City of Detroit's Strategic Neighborhood Fund (SNF) and Affordable Housing Leverage Fund (AHLF). The announcement took place at a press conference at Crowell Community Center in Old Redford.

  • PR Newswire

    Flagstar Announces First Quarter 2019 Earnings Call

    TROY, Mich. , March 29, 2019 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC) today released instructions for its first quarter 2019 earnings call, which will be held Tuesday, April 23 , at 11 a.m. ET ...

  • PR Newswire

    Voting Starts April 4 for Flagstar Bank Grants to Local Nonprofits

    TROY, Mich., March 28, 2019 /PRNewswire/ -- Following the acquisition of 52 Wells Fargo branches in Indiana, Michigan, Ohio, and Wisconsin, Flagstar Bank is announcing the "Flagstar Crafts Community" initiative, a $260,000 investment in Flagstar's new communities. Each of Flagstar's 52 branches will invest $5,000 in a local nonprofit. Local regional and branch managers helped identify up to two nonprofits per branch as nominees for the grant based on their alignment with Flagstar's community reinvestment objectives and the giving pillars of the Flagstar Foundation.

  • PR Newswire

    Flagstar Bank Receives Fannie Mae's STAR Performer Award for Fourth Straight Year

    TROY, Mich., March 26, 2019 /PRNewswire/ -- Flagstar Bank was recently named a Fannie Mae Servicer Total Achievement and Rewards™ (STAR™) Performer for 2018 by Fannie Mae in recognition of Flagstar's outstanding performance and best practices in the General Servicing category. This is the fourth consecutive year Flagstar has received this prestigious recognition. The STAR Program recognizes top-performing mortgage servicers for assisting homeowners, aiding the housing recovery, and demonstrating excellence in mortgage servicing.

  • PR Newswire

    Blake Griffin and Flagstar Bank Partner to Continue Crafting Success

    TROY, Mich., March 11, 2019 /PRNewswire/ -- Flagstar Bank and Blake Griffin had a big year in 2018, and both are looking to build on that success by entering a one-year partnership. To kick off the partnership, Griffin will be featured in a new Flagstar commercial, set to air locally March 11, with other opportunities to come throughout the year. Flagstar Bank, headquartered in Troy, Mich., has sponsored the Detroit Pistons since July 2017.

  • PR Newswire

    Flagstar Commences $50 Million Accelerated Share Repurchase

    TROY, Mich., Jan. 31, 2019 /PRNewswire/ -- Flagstar Bancorp, Inc. (FBC), the holding company (the Company") for Flagstar Bank, FSB, today announced that as part of its previously announced intention to return capital to shareholders through dividends and share buybacks, the Company has entered into an accelerated share repurchase ("ASR") agreement with Wells Fargo Bank, N.A. ("Wells Fargo"), to repurchase up to $50 million of the Company's common stock. Under the terms of the ASR, the Company will receive an initial delivery of approximately 1.3 million shares which represents 82 percent of the total number of shares expected to be repurchased pursuant to the ASR program, based on the closing price of $30.85 on January 31, 2019. The total number of shares to be repurchased will be based on the average of the Company's daily volume-weighted average stock price, less a discount, during the term of the ASR program, which is expected to be completed by the end of the second quarter of 2019.

  • PR Newswire

    Flagstar Initiates Dividend and $50 Million Share Repurchase

    TROY, Mich., Jan. 30, 2019 /PRNewswire/ -- Flagstar Bancorp, Inc. (FBC), the holding company for Flagstar Bank, FSB, today announced its Board of Directors has approved both the initiation of a quarterly dividend and a $50 million share repurchase program. Shareholders of record on March 1, 2019 will receive a quarterly dividend of $0.04 per share on March 15, 2019. "The ability to offer a dividend and stock buyback is a really positive sign of how much progress we've made over the last few years," said Alessandro DiNello, president and chief executive officer of Flagstar Bancorp, Inc. "The initiation of a dividend reflects the underlying strength and diversity of our business and confidence in our future earnings prospects, while the share buyback program represents an attractive return on capital with our stock trading at such a low multiple of its tangible book value.

  • PR Newswire

    Flagstar Reports Fourth Quarter 2018 Net Income of $54 million, or $0.93 Per Diluted Share

    - Company delivers solid earnings reflecting stronger, more diversified franchise TROY, Mich. , Jan. 22, 2019 /PRNewswire/ -- Key Highlights - Fourth Quarter 2018 Completed Wells Fargo branch acquisition, ...

  • PR Newswire

    Flagstar Announces Fourth Quarter 2018 Earnings Call

    TROY, Mich. , Dec. 10, 2018 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC) today released instructions for its fourth quarter 2018 earnings call, which will be held Tuesday, Jan. 22, 2019 , at 11 a.m. ...

  • PR Newswire

    Flagstar Closes on Acquisition of 52 Midwest Branches from Wells Fargo Bank

    TROY, Mich., Dec. 3, 2018 /PRNewswire/ -- Flagstar Bancorp, Inc. ("Company," NYSE: FBC) today reported that its wholly owned subsidiary Flagstar Bank, FSB, has closed its previously announced transaction to acquire 52 branches of Wells Fargo Bank in four Midwest states, including approximately $2 billion in deposits, along with certain related assets. "We are excited to welcome the customers and employees of the 52 Wells Fargo Bank branches who joined the Flagstar family over the weekend," said Alessandro DiNello, president and chief executive officer of Flagstar Bancorp. "We are eager to bring Flagstar's brand of custom-crafted banking solutions to our new customers—all delivered by our new team of talented bankers.