Flagstar Bancorp Inc. Q3 adjusted earnings Beat Estimates

Flagstar Bancorp Inc. (FBC) released a profit for its third quarter that increased from the same period last year.

The company’s bottom line came in at $48 million, or $0.83 per share. This compares with $40 million, or $0.70 per share, in last year’s third quarter.

Excluding items, Flagstar Bancorp Inc. reported adjusted earnings of $49 million or $0.85 per share for the period.

Analysts had expected the company to earn $0.84 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 20.4% to $124 million from $103 million last year.

Flagstar Bancorp Inc. earnings at a glance:

-Analysts Estimate: $0.84
-Revenue (Q3): $124 Mln vs. $103 Mln last year.

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