Share:
NEW YORK, April 26, 2021 (GLOBE NEWSWIRE) Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Flagstar Bancorp, Inc. (NYSE:FBC) breached their fiduciary duties or violated the federal securities laws in connection with the company s acquisition by New York Community Bancorp (NYSE:NYCB).
Click here to learn more and participate in the action.
On April 26, 2021, Flagstar announced that it had signed an agreement to be acquired by New York Community for approximately $2.6 billion. Pursuant to the merger agreement, Flagstar stockholders will receive 4.0151 shares of New York Community common stock for each share of Flagstar common stock owned. The deal is scheduled to close by the end of 2021.
Growth Mode : NY Community Bancorp–Flagstar Deal Underscores Flurry Of Bank Mergers Amid Low Rates And Less Pandemic Uncertainty
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
N Y Community Bancorp Buys Flagstar in $2 54 Billion Takeover
themiddlemarket.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themiddlemarket.com Daily Mail and Mail on Sunday newspapers.
Market movers: Stocks seeing action on Monday - and why
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Flagstar Bancorp: Q1 Earnings Snapshot
April 26, 2021
FacebookTwitterEmail
TROY, Mich. (AP) Flagstar Bancorp Inc. (FBC) on Monday reported first-quarter profit of $149 million.
The Troy, Michigan-based company said it had net income of $2.80 per share. Earnings, adjusted for non-recurring costs, were $3.31 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.65 per share.
The holding company for Flagstar Bank posted revenue of $532 million in the period. Its adjusted revenue was $513 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $489.5 million.
Flagstar Bancorp shares have risen 11% since the beginning of the year. The stock has more than doubled in the last 12 months.