Flagstar Reports First Quarter 2016 Net Income of $39 million, or $0.54 per Diluted Share

Company posts fifth consecutive quarter of strong, consistent earnings Key Highlights - First Quarter 2016 - Net income increased $6 million, or $0.10 per diluted share, from fourth quarter 2015. - Net interest income rose 4 percent from last quarter, driven by 6 percent increase in average earning assets; average loans held-for-sale rose 17 percent on strong business activity. - Fallout-adjusted locks increased 37 percent to $6.9 billion on higher refinance activity, overcoming normal seasonality of mortgage business. - Credit quality remained solid with lower consumer delinquencies and......(read more)

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