Flagstar Bancorp
Market Cap
US$2.3b
Last Updated
2021/03/01 23:41 UTC
Data Sources
Company Financials +
Executive Summary
Flagstar Bancorp, Inc. operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial and consumer banking services to individuals and businesses in the United States. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 29.6% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet and good value.
Similar Companies
Share Price & News
How has Flagstar Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FBC is less volatile than 75% 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.
Market Performance
7 Day Return
-0.2%
FBC
5.4%
US Mortgage
-1.3%
US Market
1 Year Return
34.9%
FBC
4.8%
US Mortgage
41.9%
US Market
Return vs Industry: FBC exceeded the US Mortgage industry which returned 12.1% over the past year.
Return vs Market: FBC underperformed the US Market which returned 36.5% over the past year.
Shareholder returns
| FBC | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.2% | 5.4% | -1.3% |
| 30 Day | 3.9% | 9.5% | 7.5% |
| 90 Day | 23.2% | 17.9% | 15.9% |
| 1 Year | 35.7%34.9% | 7.8%4.8% | 44.8%41.9% |
| 3 Year | 25.2%23.6% | 18.5%9.0% | 49.1%41.0% |
| 5 Year | 118.9%116.2% | 73.6%48.9% | 113.1%92.8% |
Long-Term Price Volatility Vs. Market
How volatile is Flagstar Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Karen Buck of Flagstar Bancorp, Inc. (NYSE:FBC) Just Spent US$95k On Shares1 month ago | Simply Wall St
Is Flagstar Bancorp, Inc. (NYSE:FBC) Popular Amongst Institutions?2 months ago | Simply Wall St
Here's Why I Think Flagstar Bancorp (NYSE:FBC) Might Deserve Your Attention TodayValuation
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 ($44.52) is trading below our estimate of fair value ($105.31)
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 (4.6x) compared to the US Mortgage industry average (12.9x).
PE vs Market: FBC is good value based on its PE Ratio (4.6x) compared to the US market (21.2x).
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 is overvalued based on its PB Ratio (1.1x) compared to the US Mortgage industry average (1x).
Next Steps
Future Growth
How is Flagstar Bancorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
-29.6%
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 (-29.6% per year).
Earnings vs Market: FBC's earnings are forecast to decline over the next 3 years (-29.6% 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 (-53.2% per year).
High Growth Revenue: FBC's revenue is forecast to decline over the next 3 years (-53.2% 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 (10.9%).
Next Steps
Past Performance
How has Flagstar Bancorp performed over the past 5 years?
27.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FBC has a large one-off gain of $161.0M impacting its December 31 2020 financial results.
Growing Profit Margin: FBC's current net profit margins (28.9%) are higher than last year (19.3%).
Past Earnings Growth Analysis
Earnings Trend: FBC's earnings have grown significantly by 27.5% per year over the past 5 years.
Accelerating Growth: FBC's earnings growth over the past year (146.7%) exceeds its 5-year average (27.5% per year).
Earnings vs Industry: FBC earnings growth over the past year (146.7%) exceeded the Mortgage industry 7.2%.
Return on Equity
High ROE: Whilst FBC's Return on Equity (24.44%) is high, this metric is skewed due to their high level of debt.
Next Steps
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 (14.1x) is moderate.
Allowance for Bad Loans: FBC has a sufficient allowance for bad loans (388%).
Low Risk Liabilities: 69% 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 (51%).
Low Risk Deposits: FBC's Loans to Deposits ratio (80%) is appropriate.
Level of Bad Loans: FBC has an appropriate level of bad loans (0.4%).
Next Steps
Dividend
What is Flagstar Bancorp current dividend yield, its reliability and sustainability?
0.54%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FBC's dividend (0.54%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: FBC's dividend (0.54%) is low compared to the top 25% of dividend payers in the US market (3.76%).
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 (65 yo)
7.75yrs
Tenure
US$3,453,121
Compensation
Mr. Alessandro P. DiNello, also known as Sandro, has been the Chief Executive Officer and President of Flagstar Bancorp Inc. since May 15, 2013. Mr. DiNello has been Chief Executive Officer and President o...
CEO Compensation Analysis
Compensation vs Market: Sandro's total compensation ($USD3.45M) is about average for companies of similar size in the US market ($USD3.68M).
Compensation vs Earnings: Sandro's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.75yrs | US$3.45m | 0.89% $ 21.0m | |
| Executive VP & CFO | 6.5yrs | US$1.56m | 0.081% $ 1.9m | |
| Executive VP & Chief Risk Officer | 6.42yrs | US$1.26m | 0.068% $ 1.6m | |
| President of Mortgage of Flagstar Bank | 7.5yrs | US$2.16m | 0.46% $ 10.9m | |
| Senior VP & Chief Accounting Officer | 6.08yrs | no data | 0.020% $ 472.8k | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Compliance Officer and Executive Vice President | no data | no data | no data | |
| Head of Corporate Communications | no data | no data | no data | |
| Executive Vice President and Manager of Secondary Marketing | 5.58yrs | no data | no data | |
| Executive VP & Senior Deputy General Counsel | 15.75yrs | US$662.89k | 0.047% $ 1.1m | |
| Senior Vice President of Capital Markets & Balance Sheet Portfolio Management | 9.5yrs | no data | no data | |
| Executive VP and Director of MIS & Analytics | no data | no data | no data |
7.0yrs
Average Tenure
56.5yo
Average Age
Experienced Management: FBC's management team is seasoned and experienced (7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.75yrs | US$3.45m | 0.89% $ 21.0m | |
| Independent Non-Executive Chairman | 8yrs | US$416.68k | 0.21% $ 4.8m | |
| Independent Director | 11.75yrs | US$253.01k | 0.065% $ 1.5m | |
| Director | 12.08yrs | no data | 0.0054% $ 127.6k | |
| Independent Director | 15.33yrs | US$242.01k | 0.077% $ 1.8m | |
| Independent Director | 11.08yrs | US$237.01k | 0.081% $ 1.9m | |
| Independent Director | 5.92yrs | US$215.51k | 0.046% $ 1.1m | |
| Director | 8yrs | no data | 0.0054% $ 127.6k | |
| Director | 0.17yr | no data | 0.0046% $ 108.1k | |
| Independent Director | 4.08yrs | US$233.01k | 0.029% $ 691.2k | |
| Director | 0.17yr | no data | 0.0046% $ 108.1k |
8.0yrs
Average Tenure
58.5yo
Average Age
Experienced Board: FBC's board of directors are considered experienced (8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FBC 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 company bio, 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
- Market Cap: US$2.345b
- Shares outstanding: 52.68m
- Website: https://www.flagstar.com
Number of Employees
Location
- Flagstar Bancorp, Inc.
- 5151 Corporate Drive
- Troy
- Michigan
- 48098-2639
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FBC | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Apr 1997 |
| FL2P | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Apr 1997 |
Biography
Flagstar Bancorp, Inc. operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial and consumer banking services to individuals and businesses in the United States. Its C...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/01 23:41 |
| End of Day Share Price | 2021/03/01 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.