company background image
FBC

Flagstar BancorpNYSE:FBC Stock Report

Last Price

US$48.54

Market Cap

US$2.6b

7D

-6.9%

1Y

2.9%

Updated

20 Jan, 2022

Data

Company Financials +
FBC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends0/6

FBC Stock Overview

Flagstar Bancorp, Inc. operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial and consumer banking services to consumer, commercial, and government customers in the United States.

Flagstar Bancorp Competitors

Rocket Companies

NYSE:RKT

US$26.3b

PennyMac Financial Services

NYSE:PFSI

US$3.9b

WSFS Financial

NasdaqGS:WSFS

US$3.5b

Mr. Cooper Group

NasdaqCM:COOP

US$3.2b

Price History & Performance

Summary of all time highs, changes and price drops for Flagstar Bancorp
Historical stock prices
Current Share PriceUS$48.54
52 Week HighUS$56.77
52 Week LowUS$40.69
Beta1.56
1 Month Change5.18%
3 Month Change-12.05%
1 Year Change2.88%
3 Year Change61.00%
5 Year Change85.41%
Change since IPO-83.36%

Recent News & Updates

Shareholder Returns

FBCUS MortgageUS Market
7D-6.9%-5.4%-4.0%
1Y2.9%-11.8%6.6%

Return vs Industry: FBC exceeded the US Mortgage industry which returned -10.5% over the past year.

Return vs Market: FBC underperformed the US Market which returned 7.7% over the past year.

Price Volatility

Is FBC's price volatile compared to industry and market?
FBC volatility
FBC Average Weekly Movement4.4%
Mortgage Industry Average Movement3.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: FBC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FBC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19875,461Sandro DiNellohttps://www.flagstar.com

Flagstar Bancorp, Inc. operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial and consumer banking services to consumer, commercial, and government customers in the United States. It operates in three segments: Community Banking, Mortgage Originations, and Mortgage Servicing. The Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer and commercial loans, commercial real estate loans, equipment finance and leasing, home builder finance loans, and warehouse lines of credit.

Flagstar Bancorp Fundamentals Summary

How do Flagstar Bancorp's earnings and revenue compare to its market cap?
FBC fundamental statistics
Market CapUS$2.57b
Earnings (TTM)US$602.00m
Revenue (TTM)US$2.04b

4.3x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FBC income statement (TTM)
RevenueUS$2.04b
Cost of RevenueUS$0
Gross ProfitUS$2.04b
ExpensesUS$1.44b
EarningsUS$602.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)11.39
Gross Margin100.00%
Net Profit Margin29.54%
Debt/Equity Ratio145.9%

How did FBC perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

2%

Payout Ratio

Valuation

Is Flagstar Bancorp undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FBC ($48.54) is trading below our estimate of fair value ($120.98)

Significantly Below Fair Value: FBC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FBC is good value based on its PE Ratio (4.3x) compared to the US Mortgage industry average (12.9x).

PE vs Market: FBC is good value based on its PE Ratio (4.3x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: FBC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: FBC's PB Ratio (1x) is in line with the US Mortgage industry average.


Future Growth

How is Flagstar Bancorp forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-33.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FBC's earnings are forecast to decline over the next 3 years (-33% per year).

Earnings vs Market: FBC's earnings are forecast to decline over the next 3 years (-33% per year).

High Growth Earnings: FBC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FBC's revenue is expected to decline over the next 3 years (-32.6% per year).

High Growth Revenue: FBC's revenue is forecast to decline over the next 3 years (-32.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FBC's Return on Equity is forecast to be low in 3 years time (10.8%).


Past Performance

How has Flagstar Bancorp performed over the past 5 years?

40.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FBC has a high level of non-cash earnings.

Growing Profit Margin: FBC's current net profit margins (29.5%) are higher than last year (27.4%).


Past Earnings Growth Analysis

Earnings Trend: FBC's earnings have grown significantly by 40.2% per year over the past 5 years.

Accelerating Growth: FBC's earnings growth over the past year (36.2%) is below its 5-year average (40.2% per year).

Earnings vs Industry: FBC earnings growth over the past year (36.2%) exceeded the Mortgage industry 32.1%.


Return on Equity

High ROE: Whilst FBC's Return on Equity (22.76%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Flagstar Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: FBC's Assets to Equity ratio (10.2x) is moderate.

Allowance for Bad Loans: FBC has a sufficient allowance for bad loans (164%).

Low Risk Liabilities: 79% of FBC's liabilities are made up of primarily low risk sources of funding.

Loan Level: FBC has an appropriate level of Loans to Assets ratio (52%).

Low Risk Deposits: FBC's Loans to Deposits ratio (73%) is appropriate.

Level of Bad Loans: FBC has an appropriate level of bad loans (0.7%).


Dividend

What is Flagstar Bancorp current dividend yield, its reliability and sustainability?

0.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FBC's dividend (0.49%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: FBC's dividend (0.49%) is low compared to the top 25% of dividend payers in the US market (3.49%).


Stability and Growth of Payments

Stable Dividend: FBC is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: FBC is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: FBC is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FBC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.0yrs

Average management tenure


CEO

Sandro DiNello (66 yo)

8.67yrs

Tenure

US$3,734,177

Compensation

Mr. Alessandro P. DiNello, also known as Sandro, has been the Chief Executive Officer and President of Flagstar Bancorp Inc. since May 15, 2013. Mr. DiNello has been Chief Executive Officer and President o...


CEO Compensation Analysis

Compensation vs Market: Sandro's total compensation ($USD3.73M) is about average for companies of similar size in the US market ($USD5.15M).

Compensation vs Earnings: Sandro's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: FBC's management team is seasoned and experienced (7 years average tenure).


Board Members

Experienced Board: FBC's board of directors are considered experienced (8.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Flagstar Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Flagstar Bancorp, Inc.
  • Ticker: FBC
  • Exchange: NYSE
  • Founded: 1987
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Implied Market Cap: US$2.566b
  • Shares outstanding: 52.86m
  • Website: https://www.flagstar.com

Number of Employees


Location

  • Flagstar Bancorp, Inc.
  • 5151 Corporate Drive
  • Troy
  • Michigan
  • 48098-2639
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 23:55
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.