Flagstar Foundation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Operator Good day, and welcome to the Flagstar Bank Fourth Quarter 2020 Earnings Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Ken Schellenberg. Please go ahead, sir. Kenneth Schellenberg -- Vice President of Investor Relations Thank you, Ryan, and good morning. Welcome to the Flagstar fourth quarter 2020 earnings call. Before we begin, I would like to mention that our fourth quarter earnings release and presentation are available on our website at flagstar.com. I would also like to remind you that any forward-looking statements made du...

Key Highlights - Fourth Quarter 2020 Net interest income grew by $9 million with lower deposit costs and higher warehouse balances. Mortgage revenue was $232 million as fallout adjusted lock volume and gain on sale margins stayed strong. Asset quality remained solid with low levels of nonperforming loans and an industry-leading coverage ratio. Tangible book value per share reached $38.80 at year-end, representing a 36 percent increase for 2020. Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank, today reported fourth quarter 2020 net income of $154 million, or $2.83 ...