Flagstar Bancorp, Inc.
Flagstar Bancorp (NYSE: FBC) has come out of the recession incredibly strong. It seems as though investors who were once scared of the bank during the height of the recession are beginning to climb back in and buy shares. Also, important is the fact that the bank's own customers seem to be coming back towards the bank, as the bank has increased core deposits 13% quarter-over-quarter. Even more importantly more »
I have followed the banking industry, and regional banks in particular, most of my adult life. I liked regional banks in particular because I believed I understood how they earned money. They took in cheap depositor cash, and loaned out that money in mortgage, credit card, and commercial loans to create generous net interest income. They supplemented that with modest fee income from those credit cards, mortgage applications, and the more »