Flagstar Bancorp, Inc. (FBC), the holding company for Flagstar Bank, FSB, reported fourth quarter 2014 net income applicable to common stockholders of $11.08 million or $0.07 per share, down sharply from $160.46 million or $2.77 per share in the year-ago period.
On average, five analysts polled by Thomson Reuters expected the company to report earnings of $0.15 per share for the quarter. Analysts' estimates typically exclude special items,
Net interest income for the quarter surged 49 percent to $61.30 million from $41.20 million in the prior-year period. Non-interest income declined 13 percent to $98.44 million from $113.15 million last year. Analysts had a consensus revenue estimate of $64.08 million.
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