Flagstar Bancorp, Inc. (FBC)
Q1 2012 Earnings Call
May 1, 2012, 11:00 a.m. ET
Paul D. Borja – CFO
Paul Miller – FBR Capital Markets Mark Steinberg - Dawson JamesBose George – KBWPresentation
Previous Statements by FBC
» Flagstar Bancorp's CEO Discusses Q4 2011 Results - Earnings Call Transcript
» Flagstar Bancorp CEO Discusses Q3 2011 Results - Earnings Call Transcript
» Flagstar Bank CEO Discusses Q2 2011 Results - Earnings Call Transcript
» Flagstar Bancorp's CEO Discusses Q1 2011 Results - Earnings Call Transcript
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?
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV