Flagstar Bancorp, Inc. (FBC)
Q1 2012 Earnings Call
May 1, 2012, 11:00 a.m. ET
Paul D. Borja – CFO
Joseph P. Campanelli - Chairman and CEO
Matt Kerin - EVP and MD
Mike Maher - EVP and CAO
Paul Miller – FBR Capital Markets
Mark Steinberg - Dawson James
Bose George – KBW
Good morning. My name is Steve and I will be your conference operator today. At this time I would like to welcome everyone to the Flagstar Bank First Quarter earnings call. (Operator Instructions).
I will now turn the call over to Paul Borja, Chief Financial Officer. Please go ahead.
Thank you. Good morning, everyone. I’d like to welcome you to our first quarter 2012 earnings call. My name is Paul Borja and I’m the Chief Financial Officer of Flagstar Bancorp and Flagstar Bank.
Before we begin our comments, I’d like to remind you that the presentation today may contain forward-looking statements regarding both our financial condition and our financial results. These statements involve certain risks that may cause actual results in the future to be different from our current expectations. These factors include, among other things, changes in economic conditions, changes in interest rates and competitive pressures within the financial services industry, as well as legislative or regulatory requirements that may affect our businesses. For additional factors, we urge you to review the press release we issued last night, as well as our SEC documents, such as our recently filed form 10-K, and the legal disclaimer on page two of our earnings call slides that we have posted this morning on our investor relations page on flagstar.com. During the call, we may also discuss non-GAAP measures regarding our financial performance. A reconciliation of these measures to like-GAAP measures is provided in the tables to our press releases, to our press release, which was issued last night, as well as in the appendix to our earnings call slides. With that, I’d like to now turn the call over to Joseph Campanelli, our Chairman and Chief Executive Officer. Joe?