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Flagstar Bank: Q1 Earnings Snapshot

HICKSVILLE, N.Y. (AP) — HICKSVILLE, N.Y. (AP) — Flagstar Bank, National Association (FLG) on Friday reported first-quarter profit of $21 million.

The bank, based in Hicksville, New York, said it had earnings of 3 cents per share. Earnings, adjusted for one-time gains and costs, came to 4 cents per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The bank holding company posted revenue of $1.04 billion in the period. Its revenue net of interest expense was $498 million, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $557.1 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLG at https://www.zacks.com/ap/FLG

ING: Q2 Earnings Snapshot

AMSTERDAM (AP) — AMSTERDAM (AP) — ING Groep NV (ING) on Thursday reported net income of $2.26 billion in its second quarter. The Amsterdam-based bank said it had earnings of 79 cents per share. The financial services provider posted revenue of $7.31 billion in the period. Its revenue net of interest expense was $7.31 billion, surpassing Street forecasts. _____
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