- Flagstar press release ( NYSE: FBC ): Q2 Non-GAAP EPS of $1.17 beats by $0.09 .
- Revenue of $324M (-25.5% Y/Y) beats by $130.57M .
- Expanded net interest margin by 58 basis points to 3.69 percent.
- Grew average commercial loans, excluding warehouse loans, by 9 percent compared to the first quarter.
- Expanded portfolio of loans serviced or subserviced by 10 percent to nearly 1.4 million accounts and $0.3 trillion in UPB.
- Maintained strong asset quality with no nonperforming commercial loans at quarter-end and a 42 percent reduction in forbearance-related delinquent loans.
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Flagstar Non-GAAP EPS of $1.17 beats by $0.09, revenue of $324M beats by $130.57M