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Flagstar Bancorp Inc (FBC) Q4 2020 Earnings Call Transcript


Operator
Good day, and welcome to the Flagstar Bank Fourth Quarter 2020 Earnings Call. Today s conference is being recorded.
At this time, I would like to turn the conference over to Ken Schellenberg. Please go ahead, sir.
Kenneth Schellenberg
Vice President of Investor Relations
Thank you, Ryan, and good morning. Welcome to the Flagstar fourth quarter 2020 earnings call. Before we begin, I would like to mention that our fourth quarter earnings release and presentation are available on our website at flagstar.com. I would also like to remind you that any forward-looking statements made during today s call are subject to risks and uncertainty. ....

Lee Smith , Reggie Davis , Reginalde Davis , Alessandrop Dinello , Jim Ciroli , Leem Smith , Jamesk Ciroli , Ginnie Mae , Ken Schellenberg , Community Banking , Flagstar Foundation , Flagstar Bank Fourth Quarter , Community Bank , Flagstar Bancorp Inc , Mortgage Bankers Association , Sandro Dinello , Chief Executive , Chief Financial Officer , Vice President , Chief Financial , Mortgage Servicing , லீ ஸ்மித் , ரெகி டேவிஸ் , லீம் ஸ்மித் , ஜின்னி மே , கேன் ஸ்கெல்லன்பெர்க் ,

Flagstar Bancorp Reports Fourth Quarter 2020 Net Income of $154 million, or $2.83 Per Diluted Share


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. ....

United States , Kenneth Schellenberg , Alessandro Dinello , Flagstar Foundation , Flagstar Bank , Flagstar Bancorp Inc , Exchange Commission , Flagstar Bancorp , Home Loan Bank , Capital Ratios Bancorp , Three Months , Investor Relations , Opes Advisors , Private Securities Litigation Reform Act , Federal Home Loan Bank , Consolidated Statements , Selected Consolidated Financial , Mortgage Statistics , Months Ended , Principal Balance , Months Ended December , ஒன்றுபட்டது மாநிலங்களில் , கெநெத் ஸ்கெல்லன்பெர்க் , கொடி நட்சத்திரம் அடித்தளம் , கொடி நட்சத்திரம் வங்கி , கொடி நட்சத்திரம் பேன்கார்ப் இன்க் ,