Flagstar Bancorp, Inc. FBC Income Statement

Flagstar bancorp, inc. (FBC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest Income
Loans
181,000	196,000	185,000	177,000	155,000	159,000	161,000	145,000	130,000	127,000	120,000	108,000	91,000	92,000	90,000	82,000	84,000	79,000	77,000	74,000	65,000	61,300	64,000	62,000	58,700	63,686	75,633	81,731	91,950	112,464	114,158	115,611	113,908	116,786	109,966	98,155	102,115	121,834	115,953
Investment securities
19,000	16,000	17,000	20,000	24,000	22,000	21,000	21,000	22,000	21,000	20,000	20,000	19,000	18,000	16,000	17,000	17,000	16,000	14,000	15,000	14,000	10,500	11,000	10,000	7,500	6,603	1,465	1,838	2,094	2,276	4,912	6,850	8,571	8,930	9,626	8,949	8,097	10,968	20,735
Interest-earning deposits and other
1,000	1,000	1,000	1,000	1,000	0	1,000	1,000	0	-	0	1,000	-	-	0	0	-	-	0	1,000	-	800	0	0	200	856	1,709	1,489	946	674	672	462	412	427	433	957	968	505	482
Total interest income
201,000	213,000	203,000	198,000	180,000	181,000	183,000	167,000	152,000	148,000	140,000	129,000	110,000	111,000	106,000	99,000	101,000	95,000	91,000	90,000	79,000	72,600	75,000	72,000	66,400	71,145	78,807	85,058	94,990	115,414	119,742	122,923	122,891	126,143	120,025	108,061	111,180	133,307	137,170
Interest Expense
Deposits
32,000	36,000	38,000	35,000	29,000	29,000	27,000	21,000	17,000	15,000	13,000	12,000	12,000	12,000	12,000	11,000	11,000	12,000	10,000	11,000	9,000	10,000	8,000	6,000	6,000	6,321	10,023	12,148	13,508	15,017	17,819	18,321	18,986	20,943	22,679	24,902	27,022	40,270	41,521
Short-term Federal Home Loan Bank advances and other
12,000	15,000	10,000	17,000	17,000	18,000	18,000	17,000	15,000	13,000	11,000	9,000	3,000	1,000	1,000	1,000	2,000	-1,000	2,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term Federal Home Loan Bank advances
3,000	3,000	2,000	1,000	1,000	-25,000	7,000	7,000	7,000	7,000	6,000	5,000	6,000	5,000	7,000	8,000	7,000	7,000	4,000	4,000	3,000	-500	1,000	1,000	500	22,234	24,434	24,171	24,161	24,754	27,091	27,386	27,394	27,645	30,121	30,218	29,979	39,816	42,151
Security repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,597
Other long-term debt
6,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	6,000	7,000	6,000	6,000	6,000	6,000	2,000	2,000	1,000	2,000	2,000	2,000	1,300	2,000	2,000	1,700	2,040	1,665	1,643	1,652	1,702	1,753	1,738	1,778	1,693	1,611	1,617	1,606	2,017	2,348
Total interest expense
53,000	61,000	57,000	60,000	54,000	29,000	59,000	52,000	46,000	41,000	37,000	32,000	27,000	24,000	26,000	22,000	22,000	19,000	18,000	17,000	14,000	10,800	11,000	9,000	8,200	30,595	36,122	37,962	39,321	41,473	46,663	47,445	48,158	50,281	54,411	56,737	58,607	82,103	87,617
Interest Income (Expense), Net
148,000	152,000	146,000	138,000	126,000	152,000	124,000	115,000	106,000	107,000	103,000	97,000	83,000	87,000	80,000	77,000	79,000	76,000	73,000	73,000	65,000	61,800	64,000	63,000	58,200	40,550	42,685	47,096	55,669	73,941	73,079	75,478	74,733	75,862	65,614	51,324	52,573	51,204	49,553
Provision for credit losses
14,000	0	1,000	17,000	0	-5,000	-2,000	-1,000	0	2,000	2,000	-1,000	3,000	1,000	7,000	-3,000	-13,000	-1,000	-1,000	-13,000	-4,000	5,700	8,000	6,000	112,300	13,969	4,053	31,563	20,415	50,351	52,595	58,428	114,673	63,548	36,690	48,384	28,309	51,399	86,019
Net interest income after provision for credit losses
134,000	152,000	145,000	121,000	126,000	157,000	126,000	116,000	106,000	105,000	101,000	98,000	80,000	86,000	73,000	80,000	92,000	77,000	74,000	86,000	69,000	56,100	56,000	57,000	-54,100	26,581	38,632	15,533	35,254	23,590	20,484	17,050	-39,940	12,314	28,924	2,940	24,264	-195	-36,466
Noninterest Income
Gain (loss) on trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	237	3,711	-5,971	675	20,385	102	-74	10,354	69,660
Loss on transferors' interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	409	-	186	2,258	2,381	4,665	4,312
Gain (Loss) on Sales of Loans, Net
90,000	101,000	110,000	75,000	49,000	34,000	43,000	63,000	60,000	79,000	75,000	66,000	48,000	57,000	94,000	90,000	75,000	46,000	68,000	83,000	91,000	53,700	52,000	55,000	45,300	44,596	75,073	144,791	137,540	238,952	334,427	212,666	204,853	106,920	103,858	39,827	50,184	103,211	64,257
Loan fees and charges
26,000	30,000	29,000	24,000	17,000	20,000	23,000	24,000	20,000	24,000	23,000	20,000	15,000	20,000	22,000	19,000	15,000	14,000	17,000	19,000	17,000	16,700	19,000	25,000	12,300	19,848	20,876	29,916	33,360	40,793	37,359	34,783	29,973	28,610	18,383	14,712	16,138	24,365	20,236
Net return on mortgage servicing rights
6,000	-3,000	-2,000	5,000	6,000	10,000	13,000	9,000	4,000	-4,000	6,000	6,000	14,000	-5,000	-11,000	-4,000	-6,000	-	-	-	-2,000	1,900	1,000	5,000	16,100	-126,700	27,217	4,264	4,219	-86,517	1,332	-983	-2,317	12,983	-2,587	-2,381	-112	-1,195	-1,266
Loan Administration Income
12,000	8,000	5,000	6,000	11,000	8,000	5,000	5,000	5,000	5,000	5,000	6,000	5,000	4,000	4,000	4,000	6,000	7,000	8,000	7,000	4,000	5,000	6,000	6,000	7,000	-51,967	1,454	36,157	20,356	-75,793	11,099	25,012	38,885	28,296	-3,478	30,450	39,336	12,924	-54,665
Deposit fees and charges
9,000	10,000	10,000	10,000	8,000	6,000	5,000	5,000	5,000	4,000	5,000	5,000	4,000	5,000	5,000	6,000	6,000	6,000	7,000	6,000	6,000	6,200	6,000	5,000	4,800	5,251	5,410	5,193	5,146	5,153	5,255	5,039	4,923	6,331	7,953	7,845	7,500	7,585	8,798
Net gain on investment securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,616	20	310	0	0	0	0	-	4,523
Net (loss) gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-2,000	0	800	5,000	4,000	2,200	-120	98	1,064	958	-	-	-26	27	21,378	1,041	1,293	-1,036	-	-
Total other-than-temporary impairment (loss) gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	8,789	-	-	0	-1,707	3,872	-	51,003	39,725	-	-	-
(Loss) gain recognized in other comprehensive income before taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-690	5,047	-114,051	52,325	55,309	0	-	-
Net impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	8,789	-	0	0	1,017	1,175	-	1,322	15,584	-	-	-
Representation and warranty benefit
-	-	-	-	-	-	-	-	-	-	-	-	-4,000	-	-6,000	-4,000	-2,000	-6,000	-6,000	-5,000	-2,000	-6,300	13,000	5,000	-1,700	-	-	28,940	17,395	-	124,492	46,028	60,538	-	38,985	21,364	-	-	-
Other noninterest income
14,000	16,000	19,000	48,000	18,000	20,000	18,000	17,000	17,000	20,000	16,000	13,000	10,000	29,000	36,000	9,000	7,000	8,000	9,000	-1,000	1,000	18,400	9,000	8,000	-14,400	8,599	9,373	44,831	9,197	9,318	8,568	7,157	12,816	821	7,489	5,436	7,138	5,267	-6,509
Total other-than-temporary impairment gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-11,274
Net impairment losses recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	11,665
Net impairment losses recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	391
Representation and warranty provision
-	-	-	-	-	-	-	-	-	-	-	-	-4,000	-	-6,000	-4,000	-	-	-	-	-	-	-	-	-	-	5,205	28,940	17,395	-487,347	124,492	46,028	60,538	-230,831	38,985	21,364	20,427	-	-
Secondary market reserve-change in estimate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,958	-
Total noninterest income
157,000	162,000	171,000	168,000	109,000	98,000	107,000	123,000	111,000	124,000	130,000	116,000	100,000	98,000	156,000	128,000	105,000	97,000	128,000	126,000	119,000	109,000	85,000	103,000	75,000	113,802	134,296	219,959	184,943	285,794	273,737	240,334	221,377	118,621	112,551	58,078	96,266	144,888	100,331
Noninterest Expense
Compensation and benefits
102,000	102,000	98,000	90,000	87,000	82,000	76,000	80,000	80,000	80,000	76,000	71,000	72,000	66,000	69,000	66,000	68,000	59,000	58,000	59,000	61,000	58,400	54,000	55,000	65,600	69,305	61,552	70,935	77,208	72,082	67,386	65,402	65,989	52,443	55,238	53,719	63,308	59,817	51,104
Occupancy and equipment
41,000	43,000	40,000	40,000	38,000	36,000	31,000	30,000	30,000	28,000	28,000	25,000	22,000	21,000	21,000	21,000	22,000	21,000	20,000	20,000	20,000	20,600	20,000	19,000	20,400	19,783	18,644	22,198	19,375	19,185	18,833	18,706	16,950	19,447	17,083	16,969	16,618	15,757	15,903
Noninterest Expense Commission Expense
29,000	35,000	38,000	25,000	13,000	16,000	21,000	25,000	18,000	23,000	23,000	16,000	10,000	15,000	16,000	14,000	10,000	8,000	10,000	11,000	10,000	8,800	10,000	9,000	7,200	9,037	12,099	15,402	17,462	22,153	19,888	17,838	15,466	-	10,188	7,437	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-15,246	-	-	-	0	-	-	-11,855	-8,971
Other taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	946	-	647	667	866	1,964	841
Warrant (income) expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,549	-	4,202	1,998	827	1,405	3,486
Loan processing expense
20,000	20,000	22,000	21,000	17,000	16,000	14,000	15,000	14,000	16,000	15,000	14,000	12,000	15,000	13,000	15,000	12,000	12,000	14,000	14,000	12,000	11,300	10,000	8,000	7,700	8,610	10,890	15,389	17,111	18,590	15,662	11,132	10,686	-	-	-	-	-	-
Legal and professional expense
6,000	9,000	6,000	6,000	6,000	9,000	7,000	6,000	6,000	8,000	7,000	8,000	7,000	9,000	5,000	6,000	9,000	9,000	10,000	8,000	9,000	10,700	15,000	14,000	11,300	13,178	19,593	16,390	28,839	-16,498	57,209	13,084	16,817	-	-	-	-	-	-
Asset resolution
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5,000	8,000	13,500	14,000	18,000	11,500	3,339	16,295	15,921	16,445	21,241	12,487	20,851	36,770	32,407	34,515	23,282	38,109	44,323	52,587
Federal insurance premiums
6,000	6,000	5,000	5,000	4,000	4,000	6,000	6,000	6,000	4,000	5,000	4,000	3,000	-	-	-	-	-	6,000	6,000	6,000	5,000	6,000	7,000	5,000	8,059	7,910	7,791	11,240	12,202	12,643	12,104	12,324	11,402	10,665	10,789	8,725	8,522	10,640
Intangible asset amortization
3,000	4,000	3,000	4,000	4,000	3,000	1,000	1,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other noninterest expense
28,000	26,000	26,000	23,000	22,000	23,000	17,000	14,000	19,000	19,000	17,000	16,000	14,000	5,000	18,000	17,000	16,000	51,000	13,000	15,000	12,000	21,400	50,000	-8,000	10,600	79,266	11,453	10,371	8,910	252,501	14,137	10,380	10,249	-32,259	26,557	20,057	20,431	21,756	19,621
Total noninterest expense
235,000	245,000	238,000	214,000	191,000	189,000	173,000	177,000	173,000	178,000	171,000	154,000	140,000	142,000	142,000	139,000	137,000	129,000	131,000	138,000	138,000	149,700	179,000	122,000	139,300	388,577	158,436	174,397	196,590	397,961	233,491	169,497	188,746	205,837	150,691	130,922	147,230	162,589	156,181
Income before income taxes
56,000	69,000	78,000	75,000	44,000	66,000	60,000	62,000	44,000	51,000	60,000	60,000	40,000	42,000	87,000	69,000	60,000	45,000	71,000	74,000	50,000	15,400	-38,000	38,000	-118,400	-248,194	14,492	61,095	23,607	-88,577	60,730	87,887	-7,309	-74,902	-9,216	-69,904	-26,700	-17,896	-92,316
Provision for income taxes
10,000	11,000	15,000	14,000	8,000	12,000	12,000	12,000	9,000	96,000	20,000	19,000	13,000	14,000	30,000	22,000	21,000	12,000	24,000	28,000	18,000	4,000	-10,000	12,000	-40,000	-410,112	220	-6,108	0	4,235	-20,380	500	0	264	264	264	264	-	-
Net Income (Loss) Attributable to Parent
46,000	58,000	63,000	61,000	36,000	54,000	48,000	50,000	35,000	-45,000	40,000	41,000	27,000	28,000	57,000	47,000	39,000	33,000	47,000	46,000	32,000	11,400	-28,000	26,000	-78,400	161,918	14,272	67,203	23,607	-92,812	81,110	87,387	-7,309	-75,166	-9,480	-70,168	-26,964	-17,896	-92,316
Preferred stock dividend/accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	0	0	500	1,664	1,449	1,449	1,438	1,417	1,417	1,417	1,407	3,016	4,719	4,720	4,710	4,690	4,690
Net income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,900	-28,000	26,000	-78,900	160,254	12,823	65,754	22,169	-94,229	79,693	85,970	-8,716	-78,182	-14,199	-74,888	-31,674	-22,586	-97,006
Earnings Per Share [Abstract]
Earnings Per Share, Basic
0.80	1.01	1.12	1.08	0.64	0.94	0.84	0.86	0.61	-0.79	0.71	0.72	0.47	0.50	0.98	0.67	0.56	0.45	0.70	0.69	0.43	0.07	-0.61	0.33	-1.51	2.80	0.16	1.11	0.33	-1.75	1.37	1.48	-0.22	-3.16	-0.26	-0.14	-0.06	-0.15	-0.63
Earnings Per Share, Diluted
0.80	1.00	1.11	1.06	0.63	0.93	0.83	0.85	0.60	-0.78	0.70	0.71	0.46	0.50	0.96	0.66	0.54	0.44	0.69	0.68	0.43	0.07	-0.61	0.33	-1.51	2.78	0.16	1.10	0.33	-1.74	1.36	1.47	-0.22	-3.16	-0.26	-0.14	-0.06	-0.15	-0.63
Weighted Average Number of Shares Outstanding, Basic [Abstract]
Weighted Average Number of Shares Outstanding, Basic
56,655	56,508	56,484	56,446	56,897	57,632	57,600	57,491	57,356	57,190	57,162	57,101	56,921	56,608	56,580	56,574	56,513	56,450	56,436	56,436	56,385	56,312	56,249	56,230	56,194	56,128	56,096	56,053	55,973	-	55,801	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
57,189	57,193	57,110	57,061	57,590	58,386	58,332	58,258	58,314	58,315	58,186	58,138	58,072	57,104	57,933	57,751	57,600	57,510	57,207	57,165	56,775	55,720	56,249	56,822	56,194	56,697	56,541	56,419	56,415	-	56,233	-	-	-	-	-	-	-	-