Earnings
Earnings
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The parent company of Flagstar Bank surprised investors by slashing its dividend, charging off two large real-estate loans and preparing for more trouble in the office and multifamily sectors.
January 31 -
The company's building unit saw income slow, but the mortgage banking division number accelerated on both a quarterly and annual basis.
January 31 -
The net proceeds will be used to pay down borrowings on a credit line secured by its mortgage servicing portfolio.
January 30 -
Two Harbors, which also reported a gain in comprehensive income, recently completed an acquisition that made it the eighth largest conventional servicer.
January 30 -
Cullen/Frost in Texas, BankUnited in Florida and Bank OZK in Arkansas are among the banks that have, at least for now, allayed investors' fears about their exposure to the CRE sector.
January 26 -
At the same time, the Hilltop Holdings unit expects its gain-on-sale margins to remain pressured in the coming year.
January 26 -
The Salt Lake City bank says that it doesn't expect major losses, even though its problem loans grew at the end of 2023.
January 23 -
The Dallas bank's full-year results showed progress toward its long-term strategic goals despite a fourth-quarter drop-off in net interest income heavily tied to its mortgage business, executives said on an earnings call.
January 18 -
After the Rhode Island-based company eliminated 650 positions, severance-related costs contributed to a 71% decline in quarterly net income.
January 17 -
The San Francisco-based bank warned for months that charge-offs were likely to start rising as some office-related loans went bad. It began to happen in the fourth quarter, which could be an omen for regional banks that have larger concentrations in the office sector.
January 12