Flagstar Bancorp: Q2 Earnings Snapshot

TROY, Mich. (AP) _ Flagstar Bancorp Inc. (FBC) on Wednesday reported second-quarter earnings of $147 million.

On a per-share basis, the Troy, Michigan-based company said it had profit of $2.74.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.98 per share.

The holding company for Flagstar Bank posted revenue of $450 million in the period. Its adjusted revenue was $435 million.

Flagstar Bancorp shares have climbed 4.5% since the beginning of the year. The stock has climbed 48% in the last 12 months.


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

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