Benzinga | Jul 28, 2020 10:24AM EDT

Flagstar Bancorp: Q2 Earnings Insights

Shares of Flagstar Bancorp (NYSE:FBC) rose 6.7% after the company reported Q2 results.

Quarterly Results

Earnings per share rose 185.92% over the past year to $2.03, which beat the estimate of $1.33.

Revenue of $168,000,000 higher by 21.74% from the same period last year, which beat the estimate of $145,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Jul 28, 2020

Time: 11:00 AM

ET Webcast URL: http://investors.flagstar.com/event

Price Action

Company's 52-week high was at $40.00

Company's 52-week low was at $16.76

Price action over last quarter: Up 5.58%

Company Profile

Headquartered in Troy, Mich., Flagstar is a thrift that originates, services, and sells loans across the United States. The bank has around $14.2 billion in assets and $7.8 billion in deposits. First mortgage, second mortgage, and commercial real estate loans collectively compose 88% of the bank's investment portfolio.