Flagstar Bancorp Inc. announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported total interest income was $115,415,000 against $126,145,000 a year ago. Net interest income was $73,941,000 against $75,863,000 a year ago. Income before federal income taxes was $72,423,000 against loss before federal income taxes of $74,901,000 a year ago. Net income applicable to common stockholders was $66,771,000 or $1.12 per diluted share against net loss applicable to common stockholders of $78,181,000 or $1.41 per diluted share a year ago. Return on average assets was 1.78% against negative return on average assets of 2.21% a year ago. Return on average equity was 20.70% against negative return on average equity of 27.56% a year ago.

For the year, the company reported net income to common stockholders of $223.7 million or $3.74 per diluted share. Return on average assets was 1.5%, and return on average equity was 18.8%. The also increased book value per common share to $18.97 at December 31, 2012, an increase of $4.17 per share or 28% from the prior year. Total interest income was $480,970,000 against $465,409,000 a year ago. Net interest income was $297,231,000 against $245,373,000 a year ago. Income before federal income taxes was $213,731,000 against loss before federal income taxes of $180,722,000 a year ago. Net income applicable to common stockholders was $223,718,000 or $3.74 per diluted share against net loss applicable to common stockholders of $198,943,000 or $3.62 per diluted share a year ago. Return on average assets was 1.52% against negative return on average assets of 1.49% a year ago. Return on average equity was 18.76% against negative return on average equity of 16.78% a year ago.