8-K
filed July 27, 2023, 7:59 PM ET
ticker FLG
CIK 0000910073
earnings
confidence high
sentiment positive
materiality 0.80
NYCB Q2 2023: Record adjusted net income $345M, EPS $0.47 (up 104% QoQ), NIM 3.21%
FLAGSTAR BANK, NATIONAL ASSOCIATION
2023-Q2 EPS reported
$3.37
- GAAP diluted EPS $0.55 vs $2.87 prior quarter; adjusted EPS $0.47 vs $0.23, up 104%.
- Net interest margin 3.21% (+61bps sequentially); net interest income $900M (+62%).
- Total deposits $88.5B (+$3.7B); wholesale borrowings down $4.9B to $15.4B.
- Hired six private banking teams from First Republic; common dividend $0.17/share declared.
- Non-performing assets 0.21% of total assets; allowance for credit losses $594M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
FLAGSTAR BANK, NATIONAL ASSOCIATION reported the three months ended June 30, 2023 results: net income $405 million, EPS $0.55.
- Period
- the three months ended June 30, 2023
- Net income
- $405 million
- EPS
- $0.55
- Result
- reported results
Exact text from the filing
today reported net income for the three months ended June 30, 2023 of $413 million compared to $2.0 billion for the three months ended March 31, 2023. Net income available to common stockholders for the three months ended June 30, 2023 was $405 million compared to $2.0 billion for the three months ended March 31, 2023. Diluted EPS totaled $0.55 for the three months ended June 30, 2023 compared to $2.87 for the three months ended March 31, 2023.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
FLAGSTAR BANK, NATIONAL ASSOCIATION reported the six months ended June 30, 2023 results: net income $2.4 billion, EPS $3.37.
- Period
- the six months ended June 30, 2023
- Net income
- $2.4 billion
- EPS
- $3.37
- Result
- reported results
Exact text from the filing
For the six months ended June 30, 2023, the Company reported net income of $2.4 billion compared to $326 million for the six months ended June 30, 2022. Net income available to common stockholders for the six months ended June 30, 2023 were also $2.4 billion compared to $310 million for the six months ended June 30, 2022. Diluted EPS for the six months ended June 30, 2023 were $3.37 compared to $0.66 for the six months ended June 30, 2022.
View on SEC.gov
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