Flagstar Bancorp in Troy, Mich., reported a significant first-quarter loss as its loan-loss provision more than quintupled.

The $9.6-billion-asset company lost $78.9 million, compared to earnings of $22.2 million a year earlier. Flagstar's loss of $1.51 a share was well below the average estimate of analysts polled by Bloomberg, who had predicted earnings per share of 15 cents.

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