Recent Insider Transactions • Nov 16
Independent Director recently sold €348k worth of stock On the 9th of November, Peter Schoels sold around 10k shares on-market at roughly €34.80 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €398k more than they sold in the last 12 months. Recent Insider Transactions • Nov 11
Independent Director recently sold €348k worth of stock On the 9th of November, Peter Schoels sold around 10k shares on-market at roughly €34.80 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €398k more than they sold in the last 12 months. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 18% share price gain to €38.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Mortgage industry in Europe. Total returns to shareholders of 20% over the past three years. Aankondiging • Oct 29
Flagstar Bancorp, Inc. Declares Special Dividend on Its Common Stock, Payable on November 17, 2022 Flagstar Bancorp, Inc. announced that its board of directors has declared a special dividend of $2.50 per share on its common stock. The dividend will be paid on November 17, 2022 to shareholders of record at the close of business on November 7, 2022. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$1.37 (vs US$2.88 in 3Q 2021) Third quarter 2022 results: EPS: US$1.37 (down from US$2.88 in 3Q 2021). Revenue: US$328.0m (down 32% from 3Q 2021). Net income: US$73.0m (down 52% from 3Q 2021). Profit margin: 22% (down from 31% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 20% p.a. on average during the next 2 years, while revenues in the Mortgage industry in Europe are expected to grow by 7.0%. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 27
Flagstar Bancorp Declares Quarterly Dividend, Payable November 17, 2022 Flagstar Bancorp, Inc. announced its board of directors has declared a quarterly cash dividend of $0.06 per share on its common stock. The dividend will be payable November 17, 2022, to shareholders of record at the close of business November 7, 2022. Aankondiging • Oct 19
Flagstar Bancorp, Inc. Appoints Kirby Brendsel as ESG & Sustainability Director Flagstar Bancorp, Inc. has announced the addition of Kirby Brendsel as Flagstar's ESG and Sustainability director. In this newly created role, Brendsel will lead a team to oversee the growth and development of Flagstar's ESG and sustainability efforts focused on people, planet and performance. Brendsel brings nearly two decades of ESG experience, including a background in foundation leadership, sustainability, and diversity, equity and inclusion. Most recently he was with Welltower, Inc., and earlier in his career, with Nuveen and Starwood Hotels and Resorts. He discovered his passion for serving others while on active duty with the U.S. Army and continues that passion through service on the conservation commission in his hometown of Weston, Connecticut, and prior to that, on the sustainability committee, where he helped bring solar energy and a sustainable CT certification to the community. In the months ahead, Brendsel plans to implement a detailed ESG plan that focuses on all of Flagstar's stakeholders, including employees, customers and the communities Flagstar serves. This will involve assessing and augmenting current ESG data, establishing integrated ESG goals, identifying and addressing gaps and policy updates, as well as increasing stakeholder engagement and disclosure. In his short time at the bank, Brendsel has already made a difference with new initiatives such as launching a new Green Team employee resource group, leading Flagstar's efforts to become an Energy Star Partner and attaining green building certifications. Upcoming Dividend • Jul 29
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 05 August 2022. Payment date: 18 August 2022. Payout ratio is a comfortable 3.6% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (6.6%). Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: US$1.13 (vs US$2.79 in 2Q 2021) Second quarter 2022 results: EPS: US$1.13 (down from US$2.79 in 2Q 2021). Revenue: US$333.0m (down 31% from 2Q 2021). Net income: US$60.0m (down 59% from 2Q 2021). Profit margin: 18% (down from 31% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 47% compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 28
Flagstar Bancorp, Inc. Reports Net Charge Off for the Second Quarter Ended June 30, 2022 Flagstar Bancorp, Inc. reported net charge off for the second quarter ended June 30, 2022. For the quarter, the company reported net charge off of $1 million against $1 million a year ago. Aankondiging • Jul 22
Flagstar Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on August 18, 2022 Flagstar Bancorp, Inc. announced its board of directors has declared a quarterly cash dividend of $0.06 per share on its common stock. The dividend will be payable August 18, 2022, to shareholders of record at the close of business August 8, 2022. Recent Insider Transactions • May 28
Independent Director recently bought €475k worth of stock On the 27th of May, Peter Schoels bought around 14k shares on-market at roughly €35.21 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €775k more in shares than they have sold in the last 12 months. Aankondiging • May 06
Flagstar Bancorp, Inc. Appoints Mark Herron as Chief Brand Officer Flagstar Bancorp, Inc. announced it has hired Mark Herron as chief brand officer for the company. His responsibilities at Flagstar include marketing strategies, sales, branding, technology transformation, data analytics, marketing automation and change management. Additionally, he has oversight of client experience and internal communications. Herron brings to Flagstar over 25 years of success in leading organizations to improved performance through client satisfaction, strategic alliances and product and operational innovation. He most recently served as executive vice president and chief marketing officer for People's United Bank in Bridgeport, Conn., where he was responsible for marketing and digital initiatives and supported all commercial, retail and wealth lines of business. Previously, he held various senior positions in marketing and sales for BB&T in Winston-Salem, N.C. He also served as president and chief executive officer of RBW Marketing in Raleigh, N.C. Recent Insider Transactions • Apr 30
Executive VP & CFO recently bought €174k worth of stock On the 28th of April, James Ciroli bought around 5k shares on-market at roughly €34.71 per share. This was the largest purchase by an insider in the last 3 months. James has been a buyer over the last 12 months, purchasing a net total of €379k worth in shares. Upcoming Dividend • Apr 29
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 06 May 2022. Payment date: 19 May 2022. Payout ratio is a comfortable 2.9% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.0%). Lower than average of industry peers (4.9%). Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: US$0.99 (vs US$2.83 in 1Q 2021) First quarter 2022 results: EPS: US$0.99 (down from US$2.83 in 1Q 2021). Revenue: US$329.0m (down 39% from 1Q 2021). Net income: US$53.0m (down 64% from 1Q 2021). Profit margin: 16% (down from 28% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 58% compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 22
Jim Linnane Joins Flagstar Bank as Head of Distributed Retail Mortgage Division Flagstar Bank named Jim Linnane president of Flagstar's distributed retail mortgage division. In this role, he is responsible for strategy, profitability, sales, growth, recruitment and operations of Flagstar's distributed retail mortgage business. His experience in the business is broad and deep, including mortgage origination, marketing, underwriting, construction lending, home equity products and wholesale financing. Prior to Flagstar, Linnane served as retail president for Stearns Lending. Earlier in his career, he was director of national sales at Guaranteed Rate. He started in the business at Wells Fargo, where he spent 15 years, ultimately leading 2,000 loan officers to $30 billion of production volume in the Midwest and Northeast. Aankondiging • Apr 21
Flagstar Bancorp, Inc. Announces Quarterly Cash Dividend, Payable on May 19, 2022 Flagstar Bancorp, Inc. announced its board of directors has declared a quarterly cash dividend of $0.06 per share on its common stock. The dividend will be payable May 19, 2022, to shareholders of record at the close of business May 9, 2022. Recent Insider Transactions • Feb 15
Director recently sold €96k worth of stock On the 10th of February, Toan Huynh sold around 2k shares on-market at roughly €39.57 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €109k more than they sold in the last 12 months. Recent Insider Transactions • Jan 28
Executive VP & CFO recently bought €205k worth of stock On the 27th of January, James Ciroli bought around 5k shares on-market at roughly €41.06 per share. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Reported Earnings • Jan 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$10.10 (up from US$9.59 in FY 2020). Revenue: US$1.90b (up 2.3% from FY 2020). Net income: US$533.0m (flat on FY 2020). Profit margin: 28% (in line with FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 63% compared to a 14% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 28
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 04 February 2022. Payment date: 17 February 2022. Payout ratio is a comfortable 2.4% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (3.5%). Upcoming Dividend • Oct 28
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 04 November 2021. Payment date: 16 November 2021. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.2%). Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS US$2.87 (vs US$3.89 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$484.0m (down 19% from 3Q 2020). Net income: US$152.0m (down 32% from 3Q 2020). Profit margin: 31% (down from 37% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 24
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 31 August 2021. Payment date: 15 September 2021. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.3%). Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS US$2.79 (vs US$2.04 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$479.0m (up 7.9% from 2Q 2020). Net income: US$147.0m (up 27% from 2Q 2020). Profit margin: 31% (up from 26% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Executive Departure • Jun 04
Director David Matlin has left the company On the 25th of May, David Matlin's tenure as Director ended after 12.3 years in the role. As of March 2021, David still personally held 2.87k shares (€110k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 6.58 years. Upcoming Dividend • May 21
Upcoming dividend of US$0.06 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 15 June 2021. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.8%). Is New 90 Day High Low • Mar 11
New 90-day high: €38.60 The company is up 29% from its price of €30.00 on 11 December 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €97.04 per share. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS US$9.59 (vs US$3.85 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.86b (up 65% from FY 2019). Net income: US$538.0m (up 147% from FY 2019). Profit margin: 29% (up from 19% in FY 2019). The increase in margin was driven by higher revenue. Net interest margin (NIM): 2.80% (down from 3.05% in FY 2019). Cost-to-income ratio: 57.6% (down from 75.8% in FY 2019). Non-performing loans: 0.40% (up from 0.26% in FY 2019). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 19
Upcoming Dividend of US$0.06 Per Share Will be paid on the 15th of March to those who are registered shareholders by the 26th of February. The trailing yield of 0.5% is below the top quartile of German dividend payers (3.4%), and is lower than industry peers (4.4%). Recent Insider Transactions • Jan 27
Insider recently bought €78k worth of stock On the 26th of January, Karen Buck bought around 2k shares on-market at roughly €38.98 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €259k more in shares than they have sold in the last 12 months. Reported Earnings • Jan 23
Full year 2020 earnings released: EPS US$9.59 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$1.86b (up 65% from FY 2019). Net income: US$538.0m (up 147% from FY 2019). Profit margin: 29% (up from 19% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 22
David J. Matlin Intends Not to Stand for Re-Election At Flagstar Bancorp, Inc.'S 2021 Annual Meeting of Shareholders On January 19, 2021, David J. Matlin informed the Board of Directors of Flagstar Bancorp, Inc. of his decision not to stand for re-election at the Company's 2021 Annual Meeting of Shareholders, expected to be held on May 25, 2021. Accordingly, Mr. Matlin's term as a director will end when his current term expires at the conclusion of the Annual Meeting. Is New 90 Day High Low • Jan 09
New 90-day high: €34.20 The company is up 26% from its price of €27.20 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €86.75 per share. Aankondiging • Jan 09
Flagstar Bancorp, Inc. Appoints Karen Buck as Executive Vice President and Head of Operations Flagstar Bancorp, Inc. has announced Karen Buck has joined the firm 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. Aankondiging • Jan 07
Flagstar Bancorp, Inc. to Report Q4, 2020 Results on Jan 21, 2021 Flagstar Bancorp, Inc. announced that they will report Q4, 2020 results at 6:30 AM, Eastern Standard Time on Jan 21, 2021 Is New 90 Day High Low • Dec 23
New 90-day high: €32.20 The company is up 34% from its price of €24.00 on 24 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €111 per share. Aankondiging • Dec 23
Flagstar Bancorp, Inc. Names Toan Huynh and Lori Jordan to Board of Directors Flagstar Bancorp 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. Huynh is an independent director of Bankers Financial Corporation and a seasoned cloud and digital leader with over 20 years' experience in various industries designing and implementing digital transformation programs. Jordan is currently with Amazon.com, Inc., where she is strategic product leader for the Amazon Flex Last Mile and Last Mile organizations. In her role at Bankers Financial, Huynh chairs the compensation committee and is a member of the audit, compliance, and executive committee, and the enterprise risk committee. She is an active investor and advisor to high-growth technology and software-as-a-service companies. Previously, she served as entrepreneur-in-residence at Citi Ventures and as the U.S.-based partner of Information Venture Partners, where she helped spearhead investments in financial services technologies, including fintechs, banking-as-a-service, and payments. She also was an independent director for Phillips Edison, Inc., III, serving as a member of the audit and compliance committee. She is a long-time supporter of women in technology, venture investing, and finance. During her career of more than 25 years, Jordan spent seven years at Microsoft Corporation, ultimately serving as director of strategy and business development for the Azure core platform, machine learning, and artificial intelligence. She also launched two early stage venture funds, held key positions with companies engaged in eCommerce, co-founded a boutique merger and acquisition advisory firm, led product planning and marketing for a $3 billion-company, and articulated and executed on strategic visions for numerous companies. Along the way, she built a reputation as a results-oriented leader, strategist, and advisor with an impressive track record of success. Is New 90 Day High Low • Dec 08
New 90-day high: €30.40 The company is up 17% from its price of €26.00 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Mortgage industry, which is also up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €94.05 per share. Upcoming Dividend • Nov 24
Upcoming Dividend of US$0.05 Per Share Will be paid on the 15th of December to those who are registered shareholders by the 30th of November. The trailing yield of 0.6% is below the top quartile of German dividend payers (3.6%), and is lower than industry peers (5.1%). Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS US$3.89 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$600.0m (up 90% from 3Q 2019). Net income: US$222.0m (up 252% from 3Q 2019). Profit margin: 37% (up from 20% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Aankondiging • Nov 07
Flagstar Bancorp, Inc. has completed a Follow-on Equity Offering in the amount of $278.848773 million. Flagstar Bancorp, Inc. has completed a Follow-on Equity Offering in the amount of $278.848773 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 9,112,705
Price\Range: $30.6 Recent Insider Transactions • Nov 05
Executive VP & CFO recently bought €52k worth of stock On the 2nd of November, James Ciroli bought around 2k shares on-market at roughly €25.89 per share. This was the largest purchase by an insider in the last 3 months. James has been a buyer over the last 12 months, purchasing a net total of €181k worth in shares. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total profits of US$442.0m, up 107% from the prior year. Total revenue was US$1.63b over the last 12 months, up 48% from the prior year. Aankondiging • Oct 03
Flagstar Bancorp, Inc. to Report Q3, 2020 Results on Oct 21, 2020 Flagstar Bancorp, Inc. announced that they will report Q3, 2020 results at 6:30 AM, US Eastern Standard Time on Oct 21, 2020 Aankondiging • Aug 11
Flagstar Bancorp, Inc. has completed a Follow-on Equity Offering in the amount of $181.8 million. Flagstar Bancorp, Inc. has completed a Follow-on Equity Offering in the amount of $181.8 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 6,000,000
Price\Range: $30.3 Aankondiging • Jul 09
Flagstar Bancorp, Inc. to Report Q2, 2020 Results on Jul 28, 2020 Flagstar Bancorp, Inc. announced that they will report Q2, 2020 results at 6:30 AM, US Eastern Standard Time on Jul 28, 2020 