Flagstar Financial Net Loss Narrows In Q2 | Global Market News
(RTTNews) – Flagstar Financial, Inc. (FLG), a regional financial companies holding company, on Friday introduced that its second-quarter web loss attributable to common stockholders narrowed in contrast with the earlier 12 months.
For the second quarter, web loss attributable to common stockholders narrowed to $78 million from $333 million final 12 months.
Loss per share was $0.19 versus $1.14 final 12 months.
Adjusted web loss narrowed to $60 million from $308 million within the earlier 12 months.
Adjusted loss per share was $0.14 versus $1.05 final 12 months.
Net curiosity income declined to $1.14 billion from $1.55 million final 12 months.
Non-interest income declined to $77 million from $114 million within the earlier 12 months.
Revenue elevated to $496 million from $671 million within the prior 12 months.
In the pre-market trading, 2.07% greater at $12.30 on the New York Stock Exchange.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
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