Flagstar Bancorp releases Q1 earnings snapshot

TROY — Flagstar Bancorp Inc. (FBC) on Wednesday reported first-quarter earnings of $53 million.

The Troy-based company said it had net income of 99 cents per share. Earnings, adjusted for non-recurring costs, came to $1.02 per share.

The holding company for Flagstar Bank posted revenue of $337 million in the period. Its adjusted revenue was $325 million.