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Jun 30, 2022
Flagstar Financial Q2 2022 Earnings Report
Reported record net income and strong year-over-year EPS growth.
Key Takeaways
New York Community Bancorp reported a strong second quarter in 2022, marked by record net income available to common stockholders, record deposit growth, near-record loan growth, record originations, and a higher net interest margin. Asset quality remained stellar and diluted EPS were up 13% year-over-year.
Diluted EPS were $0.34, up 13% year-over-year.
Non-GAAP diluted EPS rose 6% to $0.35 compared to $0.33 in the second-quarter of last year.
Total deposits increased $3.3 billion during the second quarter, up 35% on an annualized basis.
Total loans rose $1.8 billion or 15% on an annualized basis compared to the first quarter of the year.
Forward Guidance
The company did not provide specific forward guidance but expressed optimism about the Flagstar merger.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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