Flagstar Bank, National Association reports results for the quarter ended September 30 - Earnings Summary

• Flagstar Bank, National Association FLG.N reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -7 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from 3 cents to 14 cents per share.

• Revenue rose 8.2% to $460.00 million from a year ago; analysts expected $487.77 million.

• Flagstar Bank, National Association's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $3 million.

• Flagstar Bank, National Association shares had fallen by 2.0% this quarter and lost 9.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 31.2% in the last three months.​

• In the last 30 days, ten analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Flagstar Bank, National Association is $16.00, about 28.5% above its last closing price of $11.44

This summary was machine generated from LSEG data October 23 at 11:00 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)