NYSE$FLG

Flagstar Financial Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported diluted earnings per common share of $0.20 due to NIM expansion, net interest income growth, and an increase in loans.

New York Community Bancorp reported a net income of $100.3 million and diluted EPS of $0.20 for Q1 2020. Results included a provision for credit losses of $20.6 million due to CECL and COVID-19. The company saw growth in net interest income and net interest margin, driven by growth in the specialty finance portfolio and in the multi-family portfolio.

  • Diluted EPS of $0.20, up 5% year-over-year.
  • Net income available to common shareholders was $92.1 million, up 3% year-over-year.
  • Net interest income increased to $244.5 million.
  • Total assets were $54.3 billion, up 5% annualized.

Headline financials

Total Revenue

$261M

Previous: $266M-1.8%
EPS (adj)

$0.60

Previous: $0.57+5.3%
Efficiency Ratio

48.0%

No prior period
Tier 1 Capital Ratio

11.1%

No prior period
Total Capital Ratio

13.2%

No prior period
Leverage Ratio

8.5%

No prior period
Net Income

$100M

Previous: $97.6M+2.8%
Operating Income

$46.5M

Previous: $37.4M+24.5%
Gross Profit

$241M

Previous: $265M-9.1%
Cash & Equivalents

$1.33B

Previous: $990M+34.8%
Total Assets

$54.3B

Previous: $52.1B+4.1%
Stock-Based Comp

$8.25M

Previous: $7.91M+4.3%

Revenue & EPS history

Flagstar Financial · Revenue · Quarterly

$261M

Q1 2020-1.8%vs Q1 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

The Company expects continued improvement in net interest income and net interest margin over the course of the year, at a faster pace than what was experienced during the current quarter. The company also expects loan pricing to improve.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.1%

Avg return

Earnings day

-0.0%

Avg return

5 days after

-0.8%

Avg return

30 days after

49%

36 / 73 earnings

Positive

+27.2%

Q1 2024

Best reaction

-44.6%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.2%-3.8%-3.4%
Q4 2025-2.2%+3.5%-6.3%
Q3 2025+4.8%-0.3%-1.8%
Q2 2025+0.0%+0.8%+5.8%
Q1 2025+4.1%+3.9%+4.9%
Q4 2024+15.3%+23.9%+25.0%
Q3 2024+3.7%-0.5%+3.5%
Q2 2024+2.6%-3.1%+3.2%
Q1 2024+27.2%+37.7%+24.2%
Q4 2023-44.6%-48.0%-65.8%
Q3 2023-8.2%-6.1%-9.2%
Q2 2023+10.3%+9.9%-4.4%
Q1 2023+16.5%+6.5%+14.0%
Q4 2022+5.0%+4.2%-11.6%
Q3 2022-2.2%+4.0%+5.7%
Q2 2022+12.9%+13.3%+7.3%
Q1 2022-1.6%-3.2%+1.6%
Q4 2021-4.0%-4.3%-5.3%
Q3 2021-9.3%-9.8%-11.0%
Q2 2021+7.8%+7.4%+13.9%
Q1 2021+6.3%-0.3%-0.9%
Q4 2020-2.3%-4.2%+11.4%
Q3 2020-1.7%+1.1%+15.0%
Q2 2020+5.1%+0.1%-11.0%
Q1 2020+5.5%+2.2%-2.3%
Q4 2019-5.7%-5.1%-7.8%
Q3 2019-14.9%-12.6%-12.9%
Q2 2019+3.5%+2.1%+3.0%
Q1 2019-0.4%+1.5%-13.0%
Q4 2018+6.9%+9.0%+16.4%
Q3 2018-3.0%-0.6%+2.2%
Q2 2018-7.5%-5.1%-5.6%
Q1 2018-8.2%-8.3%-8.3%
Q4 2017+1.9%-3.0%+1.5%
Q3 2017-0.4%-1.8%-0.2%
Q2 2017-3.4%-1.4%-9.0%
Q1 2017-2.5%-3.6%-5.3%
Q4 2016-6.3%-6.1%-4.6%
Q3 2016+0.1%-0.1%+11.4%
Q2 2016-3.1%-1.8%-0.7%
Q1 2016-4.3%
Q4 2015+2.7%
Q3 2015-0.3%
Q2 2015+1.5%
Q1 2015+1.6%
Q4 2014+0.3%
Q3 2014+1.1%
Q2 2014+2.8%
Q1 2014-1.6%
Q4 2013-2.2%
Q3 2013+1.5%
Q2 2013-1.0%
Q1 2013-1.2%
Q4 2012+1.0%
Q3 2012-0.6%
Q2 2012+0.8%
Q1 2012-0.9%
Q4 2011-0.2%
Q3 2011-6.3%
Q2 2011+3.2%
Q1 2011+1.2%
Q4 2010-3.2%
Q3 2010+0.8%
Q2 2010-0.2%
Q1 2009+4.7%
Q1 2010+0.0%
Q4 2007+1.5%
Q4 2009+1.5%
Q4 2008+1.5%
Q3 2009+1.8%
Q3 2008+1.8%
Q2 2008-5.6%
Q2 2009-5.6%

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