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Merger Between New York Community Bancorp, Inc. And Flagstar Bancorp, Inc. Receives Shareholder Approval

Merger Between New York Community Bancorp, Inc. And Flagstar Bancorp, Inc. Receives Shareholder Approval
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Flagstar Bancorp : Merger Between New York Community Bancorp, Inc. And Flagstar Bancorp, Inc. Receives Shareholder Approval

Flagstar Bancorp : Merger Between New York Community Bancorp, Inc. And Flagstar Bancorp, Inc. Receives Shareholder Approval
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New York Community Bancorp, Inc. To Acquire Flagstar Bancorp, Inc. In An All Stock Strategic Merger

New York Community Bancorp, Inc. To Acquire Flagstar Bancorp, Inc. In An All Stock Strategic Merger
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Flagstar Bancorp Reports Fourth Quarter 2020 Net Income of $154 million, or $2.83 Per Diluted Share

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 per diluted share, compared to third quarter 2020 net income of $222 million, or $3.88 per diluted share and fourth quarter 2019 net income of $58 million, or $1.00 per diluted share. ....

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