Flagstar posts smaller loss as loan loss provisions shrink
ReutersJan 30, 2025 11:04 AM
Jan 30 (Reuters) - Flagstar Financial FLG.N, formerly known as New York Community Bancorp, reported a smaller quarterly loss on Thursday, as it reduced its provisions for potential loan defaults.
Its net loss was $168 million, or 41 cents per share, for the three months ended Dec. 31, compared with $2.7 billion, or $11.27 per share, a year earlier.
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