FMBH

Quarterly Performance: Flagstar Bank reported a quarterly loss of $0.07 per share, slightly worse than the expected loss of $0.06, but an improvement from a loss of $0.69 per share a year ago. The bank's revenues for the quarter were $519 million, exceeding estimates by 0.97%.

Stock Outlook: Despite the recent loss, Flagstar Bank shares have increased by approximately 23.9% since the start of the year, outperforming the S&P 500's 14.6% gain. The stock currently holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market.

Earnings Estimates: The consensus EPS estimate for the upcoming quarter is $0.04, with projected revenues of $543.79 million. For the current fiscal year, the estimate is -$0.39 on $2.04 billion in revenues, reflecting mixed trends in earnings estimate revisions.

Industry Context: The Banks - Northeast industry, to which Flagstar belongs, is currently ranked in the top 18% of Zacks industries, suggesting a favorable outlook. Another bank in the same sector, First Mid Bancshares, is expected to report a year-over-year earnings increase of 15.7% in its upcoming results.

Earnings Performance: Metropolitan Bank Holding Corp. reported quarterly earnings of $0.67 per share, significantly missing the Zacks Consensus Estimate of $1.95, marking a -65.64% earnings surprise compared to the previous year's $1.86 per share.

Revenue Growth: The bank's revenues for the quarter reached $79.84 million, exceeding the Zacks Consensus Estimate by 2.49% and showing an increase from $71.52 million a year ago.

Stock Outlook: Despite the earnings miss, Metropolitan Bank Holding shares have risen about 28.9% year-to-date, outperforming the S&P 500's 13.9% gain, with a current Zacks Rank of #3 (Hold) indicating expected performance in line with the market.

Industry Context: The Banks - Northeast industry is currently in the top 24% of Zacks-ranked industries, suggesting that the overall industry outlook could significantly influence the stock's performance moving forward.