Flagstar Announces First Quarter 2021 Earnings Call
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TROY, Mich., April 9, 2021 /PRNewswire/ Flagstar Bancorp, Inc. (NYSE: FBC) today released instructions for its first quarter 2021 earnings call, which will be held Thursday, April 29, at 11 a.m. ET. The purpose of the call is to discuss Flagstar s first quarter 2021 financial results, which will be released at approximately 6:30 a.m. ET on April 29, 2021.
To join the call, please dial (334) 323-0501 toll free or (800) 353-6461 and use passcode 9931654. Please call at least 10 minutes before the conference is scheduled to begin. A replay will be available for five business days by calling (888) 203-1112 toll free or (719) 457-0820, and using passcode 9931654.
Key Highlights - Fourth Quarter 2020
Net interest income grew by $9 million with lower deposit costs and higher warehouse balances.
Mortgage revenue was $232 million as fallout adjusted lock volume and gain on sale margins stayed strong.
Asset quality remained solid with low levels of nonperforming loans and an industry-leading coverage ratio.
Tangible book value per share reached $38.80 at year-end, representing a 36 percent increase for 2020.
Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank, today reported fourth quarter 2020 net income of $154 million, or $2.83 per diluted share, compared to third quarter 2020 net income of $222 million, or $3.88 per diluted share and fourth quarter 2019 net income of $58 million, or $1.00 per diluted share.
Flagstar Bank Hires Karen Buck to Head Operations
Experienced industry veteran brings strong background in Operations across multiple business segments
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TROY, Mich., Jan. 6, 2021 /PRNewswire/ Karen Buck has joined Flagstar Bank as executive vice president and head of Operations. In this role, she is responsible for the Customer Engagement Center, retail and commercial operations, banking operations, and business risk and internal controls.
Buck has over 30 years of experience in the financial services industry, most recently as executive vice president of commercial, retail, and payment operations at TD Bank in New Jersey, where she led a team of more than 2,200 employees across the bank s commercial and retail segments.
Flagstar Announces Fourth Quarter 2020 Earnings Call
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TROY, Mich., Jan. 6, 2021 /PRNewswire/ Flagstar Bancorp, Inc. (NYSE: FBC) today released instructions for its fourth quarter 2020 earnings call, which will be held Thursday, January 21, at 11 a.m. ET. The purpose of the call is to discuss Flagstar s fourth quarter 2020 financial results, which will be released at approximately 6:30 a.m. ET on January 21, 2021.
To join the call, please dial (888) 204-4368 toll free or (856) 344-9299 and use passcode 3619451. Please call at least 10 minutes before the conference is scheduled to begin. A replay will be available for five business days by calling (888) 203-1112 toll free or (719) 457-0820, and using passcode 3619451.
Flagstar Names Toan Huynh and Lori Jordan to Board of Directors
New directors bring fintech experience, fresh perspectives
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TROY, Mich., Dec. 21, 2020 /PRNewswire/ Flagstar Bancorp today announced the appointment of Toan Huynh and Lori Jordan to its board of directors, keeping a promise made in July to further diversify its board by adding women of color. Both will also serve on the board of Flagstar Bank, the wholly owned subsidiary of the corporation.
Toan Huynh
Lori Jordan
Huynh is an independent director of Bankers Financial Corporation and a seasoned cloud and digital leader with over 20 years experience in various industries designing and implementing digital transformation programs. Jordan is currently with Amazon.com, Inc., where she is strategic product leader for the Amazon Flex Last Mile and Last Mile organizations.