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Flagstar Bank: Q3 Earnings Snapshot – WTOP News
Revenue net of interest expense fell to $530 million, below the $537.4 million analysts expected, as Flagstar missed Wall Street estimates.
- On Friday, Flagstar Bank reported Q3 net income of $12 million, while Preferred Bank posted $32.9 million; the Hicksville, New York-based Flagstar missed Wall Street expectations, whereas Los Angeles-based Preferred Bank beat them.
- Flagstar Bank, National Association earnings of 1 cent per share fell short of Wall Street expectations, as Zacks Investment Research analysts had projected 6 cents per share.
- Revenue net of interest expense reached $530 million, missing the $537.4 million estimate from eight analysts surveyed by Zacks, though the bank holding company posted total revenue of $1.08 billion.
- Preferred Bank outperformed analyst predictions, reporting earnings of $2.73 per share against the $2.69 consensus estimate; the bank's revenue net of interest expense was $71.7 million, missing the $73 million target.
- Automated Insights generated this financial report using data from Zacks Investment Research, tracking results for the Hicksville, New York-based and Los Angeles-based institutions against Street forecasts.
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14 Articles
14 Articles
Flagstar Bank: Q3 Earnings Snapshot – WTOP News
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...
·Chevy Chase, United States
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Total News Sources14
Leaning Left1Leaning Right2Center5Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
13%
C 62%
R 25%
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