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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 ...

Flagstar Bank Hires Karen Buck to Head Operations Experienced industry veteran brings strong background in Operations across multiple business segments News provided by Share this article Share this article TROY, Mich., Jan. 6, 2021 /PRNewswire/ -- Karen Buck has joined Flagstar Bank as executive vice president and head of Operations. In this role, she is responsible for the Customer Engagement Center, retail and commercial operations, banking operations, and business risk and internal controls. Buck has over 30 years of experience in the financial services industry, most recently as execut...

Flagstar Announces Fourth Quarter 2020 Earnings Call News provided by Share this article Share this article TROY, Mich., Jan. 6, 2021 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC) today released instructions for its fourth quarter 2020 earnings call, which will be held Thursday, January 21, at 11 a.m. ET. The purpose of the call is to discuss Flagstar's fourth quarter 2020 financial results, which will be released at approximately 6:30 a.m. ET on January 21, 2021. To join the call, please dial (888) 204-4368 toll free or (856) 344-9299 and use passcode 3619451. Please call at least 10 mi...

Flagstar Names Toan Huynh and Lori Jordan to Board of Directors New directors bring fintech experience, fresh perspectives News provided by Share this article Share this article TROY, Mich., Dec. 21, 2020 /PRNewswire/ -- Flagstar Bancorp today announced the appointment of Toan Huynh and Lori Jordan to its board of directors, keeping a promise made in July to further diversify its board by adding women of color. Both will also serve on the board of Flagstar Bank, the wholly owned subsidiary of the corporation. Toan Huynh Lori Jordan Huynh is an independent director of Bankers Financial Corpor...