Flagstar Bancorp Inc. Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012
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.