-+ 0.00%
-+ 0.00%
-+ 0.00%
Flagstar Bank: Q2 Earnings Snapshot
Share
Listen to the news

HICKSVILLE, N.Y. (AP) — HICKSVILLE, N.Y. (AP) — Flagstar Bank, National Association (FLG) on Friday reported second-quarter earnings of $34 million.

The bank, based in Hicksville, New York, said it had earnings of 6 cents per share. Earnings, adjusted for non-recurring gains, were 5 cents per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The bank holding company posted revenue of $1.05 billion in the period. Its revenue net of interest expense was $516 million, also missing Street forecasts. Six analysts surveyed by Zacks expected $544.9 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLG at https://www.zacks.com/ap/FLG

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending