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Flagstar Bank: Q3 Earnings Snapshot
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HICKSVILLE, N.Y. (AP) — HICKSVILLE, N.Y. (AP) — Flagstar Bank, National Association (FLG) on Friday reported third-quarter net income of $12 million.

The Hicksville, New York-based bank said it had earnings of 1 cent per share.

The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The bank holding company posted revenue of $1.08 billion in the period. Its revenue net of interest expense was $530 million, which also fell short of Street forecasts. Eight analysts surveyed by Zacks expected $537.4 million.

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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.
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