NYSE$FLG
Flagstar Financial Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported diluted EPS of $0.29, driven by NIM expansion, loan growth, lower operating expenses, deposit growth, and strong asset quality trends.
New York Community Bancorp reported a strong first quarter in 2021, marked by a 45% increase in diluted EPS to $0.29 and a 49% increase in net income available to common shareholders to $137.4 million. The company's performance was boosted by ongoing net interest margin (NIM) expansion, good loan growth, lower operating expenses, strong deposit growth, and strong asset quality trends. Additionally, NYCB announced a merger agreement with Flagstar Bancorp, expected to enhance its transformation strategy.
- Diluted EPS increased 45% to $0.29.
- Net income available to common shareholders rose 49% to $137.4 million.
- Pre-provision net revenue increased 47% to $199.7 million.
- Total deposits increased $1.8 billion, reaching $34.2 billion.
Headline financials
Revenue & EPS history
Flagstar Financial · Revenue · Quarterly
$332M
Forward guidance
The company expects deposit costs to continue to decline, given current pricing trends and market interest rates.
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 2021
+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
| Quarter | Report date | Reaction (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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