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Flagstar Bancorp reports earnings for second quarter

Published: August 17, 2009

Flagstar Bancorp Inc. (NYSE: FBC), the holding company for Flagstar Bank FSB, recently reported a second quarter 2009 net loss applicable to common stockholders of $76.6 million, or $0.32 per share (diluted), as compared to a net loss of $67.4 million, or $0.76 per share (diluted) on a linked quarter basis. Net earnings were $15.7 million, or $0.22 per share (diluted), in the second quarter 2008. For the six months ended June 30, 2009, Flagstar's net loss applicable to common stockholders was $144.0 million, or $0.88 per share (diluted), as compared to net earnings of $5.1 million, or $0.08 per share (diluted) for the same period 2008.

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