Feb. 2 at 5:25 PM
$FLG beats earnings estimates — what's driving the turnaround? 📈
Flagstar Financial posted a Q4 adjusted EPS of 6 cents, surpassing the Zacks Consensus Estimate of 3 cents, thanks to improved net interest income and sharply reduced credit provisions. However, a drop in non-interest income and disciplined expense management pose challenges.
Full analysis here 👉 https://www.zacks.com/stock/news/2827345/flagstar-financial-q4-earnings-beat-nii-rises-yy-expenses-fall?cid=sm-stocktwits-2-2827345-body-31559&ADID=SYND_STOCKTWITS_TWEET_2_2827345_BODY_31559