Brokers Offer Predictions for Flagstar Bancorp Inc’s Q3 2019 Earnings (NYSE:FBC)

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TROY, Mich., June 11, 2018 /PRNewswire/ — Flagstar Bancorp, Inc. (NYSE: FBC) (the "Company") today announced the pricing of a registered public secondary offering of 8,000,000 shares of the Company’s common stock at a public offering price of $34.50 per share. All of the shares have been offered by MP Thrift Investments L.P. ("MP Thrift").

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"Mortgage revenues declined in the quarter as fallout-adjusted locks. Flagstar Bancorp, Inc. (NYSE: FBC) is an $18.7 billion savings and. It also provides home loans through a wholesale network of brokers. of Flagstar Bancorp, Inc.'s management and are subject to significant risks and uncertainties.

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FINANCIAL BRIEF: For the three months ended 31 march 2019, Flagstar Bancorp Inc interest income increased 18% to $180M. Net interest income after loan loss provision increased 19% to $126M. Net income increased 3% to $36M. Net interest income after loan loss provision reflects Community Banking segment increase of 46% to $104M, Mortgage Servicing segment increase of 50% to $3M,

The strong Q4 performance came after the first positive earnings growth in 2016 Q3, having declined in each of the preceding 5 quarters. The chart below shows the Q1 earnings growth contrasted with.

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