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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.
Flagstar Financial
Flagstar Financial
Forward Guidance
The company did not provide specific forward guidance but expressed optimism about the Flagstar merger.