HICKSVILLE, N.Y. (AP) — HICKSVILLE, N.Y. (AP) — Flagstar Bank, National Association (FLG) on Friday reported a loss of $36 million in its third quarter.
The Hicksville, New York-based bank said it had a loss of 11 cents per share. Losses, adjusted for non-recurring costs, came to 7 cents per share.
The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The bank holding company posted revenue of $1.2 billion in the period. Its revenue net of interest expense was $519 million, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $514 million.
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