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FBC - Flagstar Bancorp, Inc.
Flagstar Bancorp, Inc. (FBC) is a bank holding company that provides commercial and consumer banking services through its subsidiary, Flagstar Bank. The company was founded in 1987 and is headquartered in Troy, Michigan.
Flagstar Bank offers a range of products and services, including checking and savings accounts, loans and mortgages, credit cards, and investment services. The bank operates in 28 states and has more than 160 branches.
FBC also operates a mortgage division, which provides home loans, refinancing, and other mortgage-related services. In addition, the company offers warehouse lending services to mortgage bankers.
Flagstar Bancorp has a market capitalization of approximately $2.4 billion and is traded on the New York Stock Exchange under the ticker symbol FBC. The company has a solid financial position and has consistently reported strong earnings in recent years.
In 2020, the company reported net income of $395 million, up from $238 million in 2019. Flagstar Bancorp has a strong balance sheet, with total assets of $27.6 billion and total deposits of $19.8 billion as of December 31, 2020.
Overall, Flagstar Bancorp is a well-established financial institution with a strong track record of growth and profitability. The company's diverse product and service offerings, along with its nationwide presence, make it a leading player in the banking industry.
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