trending Market Intelligence /marketintelligence/en/news-insights/trending/TC4PMatvfX737woOns0d8A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Flagstar Bancorp reports higher Q3 net income, net interest income YOY

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Flagstar Bancorp reports higher Q3 net income, net interest income YOY

Troy, Mich.-based Flagstar Bancorp Inc. reported third-quarter net income of $63 million, or $1.11 per share, an increase from $48 million, or 83 cents per share, in the year-ago period.

Adjusted net income for the quarter was $63 million, or $1.11 per share, compared to $49 million, or 85 cents per share, in the year-ago quarter.

The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter was $1.03.

Net interest margin for the third quarter stood at 3.05%, compared with 3.08% in the previous quarter and 2.93% in the year-ago period.

Net interest income for the quarter was $146 million, compared with $124 million in the same period last year. The increase was driven by diversified loan growth and a stable net interest margin. Third-quarter noninterest income was $171 million, an increase from $107 million in the year-ago period.

Provision for loan losses was $1 million for the most recent quarter, compared with a loan loss benefit of $2 million in the year-ago period. Net charge-offs in the third quarter were $1 million, or 2 basis points of loans held for investment, compared with $34 million, or 129 basis points, in the prior quarter.

Total loans held for investment as of Sept. 30 were $12.55 billion, compared with $11.66 billion as of June 30 and $8.97 billion as of Sept. 30, 2018.

Total deposits at the end of the third quarter were $15.75 billion, compared with $14.42 billion at the end of the previous quarter and $11.59 billion at the end of the year-ago period.