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Sep 30, 2022
Flagstar Financial Q3 2022 Earnings Report
Reported solid third quarter results driven by loan and deposit growth and strong asset quality
Key Takeaways
New York Community Bancorp reported a solid third quarter with diluted EPS of $0.30 and non-GAAP diluted EPS of $0.31. Net income available to common stockholders was $144 million, up 3% year-over-year. The company saw solid loan and deposit growth, stable operating expenses, and strong asset quality.
Diluted GAAP EPS were $0.30, unchanged year-over-year.
Net income available to common stockholders was $144 million, up 3% year-over-year.
Total loans held for investment rose $3.2 billion or 9% annualized to $49.0 billion compared to December 31, 2021.
Total deposits increased $6.6 billion or 25% annualized to $41.7 billion compared to December 31, 2021.
Forward Guidance
The current pipeline heading into the fourth quarter of the 2022 stands at $2.3 billion. Approximately 87% of the pipeline represents new money to the Bank. The current pipeline includes $1.0 billion of multi-family loans, $410 million of CRE loans, and $692 million of specialty finance loans.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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