Earnings
Earnings
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The deal for Michigan-based Flagstar Bancorp, announced in April, was originally expected to be completed by the end of the year. The New York bank’s CEO expressed optimism that it will still get regulatory approval.
October 27 -
The Alabama company agreed to buy two nonbank lenders earlier this year. It’s still on the lookout for possible deals, potentially in corporate finance or wealth management, its chief financial officer told American Banker.
October 22 -
Earnings are up from the second quarter, but originations slip at Wells Fargo and Citi.
October 14 -
The San Francisco bank reported a 26% increase in its third-quarter earnings, thanks to robust single-family, multifamily and commercial real estate loan activity in New York, Boston and its home city.
October 13 -
The loan origination system provider, which launched an IPO on July 28, reported that its second quarter revenue and income grew 38% year-over-year.
September 8 -
Improved capitalization and smaller balance sheets should help several weather the likely consolidation that is coming, Moody's said.
September 3 -
Even as lenders increased purchase share, higher expenses and margin compression related to pricing competition led to smaller quarterly net gains.
August 24 -
Revenue at the fintech company grew from prior periods without even taking into account any contributions from the Title365 acquisition at the end of the quarter.
August 20 -
The wholesale lender has a cost structure aimed at beating the competition in a rising rate environment, Chairman and CEO Mat Ishbia said on the second quarter earnings call.
August 17 -
Depressed margins and a $219 million hit to its servicing rights fair value translated to a lower bottom line at the wholesaler.
August 16