Flagstar Bancorp, Inc. (NYSE:FBC) is set to announce third quarter earning results on Wednesday 21st October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, FBC to report 3Q20 income of $ 2.32 per share.
For the full year, analysts anticipate top line of $ 659.67 million, while looking forward to income of $ 6.66 per share bottom line.
Previous Quarter Performance
Flagstar Bancorp, Inc. posted income for the second quarter of $ 2.03 per share, from the revenue of $ 168.00 million. The quarterly earnings 185.92 percent while revenues improved 23.76 percent compared with the same quarter last year.
According to street consensus, FBC was expected to report 2Q20 income of $ 1.32 per share from revenue of $ 144.86 million. The bottom line results beat street analysts by $ 0.71 or 53.79 percent, at the same time, top line results outshined analysts by $ 23.14 million or 15.97 percent.
Stock Performance
Shares of Flagstar Bancorp, Inc. traded up $ 1.03 or 3.24 percent on Tuesday, reaching $ 32.81 with volume of 369.00 thousand shares. Flagstar Bancorp, Inc. has traded high as $ 33.19 and has cracked $ 32.03 on the downward trend
The closing price of $ 32.81, representing a 89.62 % increase from the 52 week low of $ 16.76 and a 20.55 % decrease over the 52 week high of $ 40.00.
The company has a market capital of $ 1.87 billion and is part of the Financial Services sector and Savings & Cooperative Banks industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.05 per share on July 28, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on September 1, 2020 and ex-dividend date on August 31, 2020.
Conference Call
Flagstar Bancorp, Inc. will be hosting a conference call at 11:00 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.flagstar.com
Flagstar Bancorp, Inc. operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial and consumer banking services to individuals and businesses in the United States. Its Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer and commercial loans, commercial real estate loans, equipment finance and leasing, home builder finance loans, and warehouse lines of credit.
