Flagstar Bancorp, Inc. (FBC) Financial Statements (2024 and earlier)

Company Profile

Business Address 5151 CORPORATE DRIVE
TROY, MI 48098-2639
State of Incorp. MI
Fiscal Year End December 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments435,000405,0001,051,000149,000345,000449,000
Cash and cash equivalents435,000405,0001,051,000149,000345,000449,000
Total current assets:435,000405,0001,051,000149,000345,000449,000
Noncurrent Assets
Operating lease, right-of-use asset   18,000   
Property, plant and equipment354,000354,000360,000370,000374,000393,000
Intangible assets, net (including goodwill), including:142,000145,000147,000149,000152,000155,000
Other undisclosed intangible assets, net (including goodwill)142,000145,000147,000149,000152,000155,000
Total noncurrent assets:496,000499,000525,000519,000526,000548,000
Other undisclosed assets23,968,00022,340,00023,907,00026,374,00026,194,00028,452,000
TOTAL ASSETS:24,899,00023,244,00025,483,00027,042,00027,065,00029,449,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt3,301,000200,0001,880,0002,070,0002,295,0002,745,000
Total current liabilities:3,301,000200,0001,880,0002,070,0002,295,0002,745,000
Noncurrent Liabilities
Other undisclosed liabilities18,905,00020,311,00020,885,00022,327,00022,272,00024,346,000
Total liabilities:22,206,00020,511,00022,765,00024,397,00024,567,00027,091,000
Equity
Equity, attributable to parent, including:2,693,0002,733,0002,718,0002,645,0002,498,0002,358,000
Additional paid in capital1,358,0001,357,0001,355,0001,362,0001,356,0001,350,000
Accumulated other comprehensive income (loss)(99,000)(2,000)35,00038,00045,00054,000
Retained earnings1,433,0001,377,0001,327,0001,244,0001,096,000953,000
Other undisclosed equity, attributable to parent1,0001,0001,0001,0001,0001,000
Total equity:2,693,0002,733,0002,718,0002,645,0002,498,0002,358,000
TOTAL LIABILITIES AND EQUITY:24,899,00023,244,00025,483,00027,042,00027,065,00029,449,000

Income Statement (P&L) ($ in thousands)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Revenues219,000211,000276,000366,000354,000423,000
Gain on disposition of assets for financial service operations27,00045,00091,000169,000168,000227,000
Net investment income192,000166,000185,000197,000186,000196,000
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
      
Gross profit:219,000211,000276,000366,000354,000423,000
Operating expenses(29,000)(27,000)(31,000)(26,000)(29,000)(60,000)
Operating income:190,000184,000245,000340,000325,000363,000
Interest and debt expense(16,000)(12,000)(15,000)(14,000)(15,000)(19,000)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (120,000)(150,000)
Income from continuing operations before equity method investments, income taxes:174,000172,000230,000326,000190,000194,000
Other undisclosed loss from continuing operations before income taxes(97,000)(104,000)(121,000)(128,000)  
Income from continuing operations before income taxes:77,00068,000109,000198,000190,000194,000
Income tax expense(17,000)(15,000)(24,000)(46,000)(43,000)(45,000)
Income from continuing operations:60,00053,00085,000152,000147,000149,000
Income before gain (loss) on sale of properties:60,00053,00085,000152,000147,000149,000
Net income available to common stockholders, diluted:60,00053,00085,000152,000147,000149,000

Comprehensive Income ($ in thousands)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Net income:60,00053,00085,000152,000147,000149,000
Comprehensive income:60,00053,00085,000152,000147,000149,000
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(97,000)(37,000)(3,000)(7,000)(9,000)7,000
Comprehensive income (loss), net of tax, attributable to parent:(37,000)16,00082,000145,000138,000156,000

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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