Flagstar Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Reports Net Charge-Offs for the Fourth Quarter 2018
For the year, the company reported total interest income of $683 million compared to $527 million a year ago. Net income was $187 million or $3.26 per share compared to $63 million or $1.11 per share a year ago. Diluted income per share was $3.21 compared to $1.09 a year ago.
For the quarter, net charge-offs were $1 million, or 4 basis points of LHFI, compared to $1 million, or 5 basis points in the prior quarter.