GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Flagstar Bancorp Inc (NYSE:FBC) » Definitions » Goodwill

Flagstar Bancorp (Flagstar Bancorp) Goodwill : $140 Mil (As of Sep. 2022)


View and export this data going back to 1997. Start your Free Trial

What is Flagstar Bancorp Goodwill?

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Flagstar Bancorp's goodwill for the quarter that ended in Sep. 2022 was $140 Mil.


Flagstar Bancorp Goodwill Historical Data

The historical data trend for Flagstar Bancorp's Goodwill can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Flagstar Bancorp Goodwill Chart

Flagstar Bancorp Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Goodwill
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.00 190.00 170.00 157.00 147.00

Flagstar Bancorp Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Goodwill Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 149.00 147.00 145.00 142.00 140.00

Flagstar Bancorp Goodwill Calculation

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.


Flagstar Bancorp  (NYSE:FBC) Goodwill Explanation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Flagstar Bancorp's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Goodwill-to-Asset (A: Dec. 2021 )=Goodwill/Total Assets
=147/25483
=0.01

Flagstar Bancorp's Goodwill-to-Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

Goodwill-to-Asset (Q: Sep. 2022 )=Goodwill/Total Assets
=140/25443
=0.01

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


Flagstar Bancorp Goodwill Related Terms

Thank you for viewing the detailed overview of Flagstar Bancorp's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.


Flagstar Bancorp (Flagstar Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
5151 Corporate Drive, Troy, MI, USA, 48098-2639
Flagstar Bancorp Inc is a thrift that originates, services, and sells loans across the United States. The bank has around $14.2 billion in assets and $7.8 billion in deposits. First mortgage, second mortgage, and commercial real estate loans collectively compose 88% of the bank's investment portfolio.
Executives
Karen Buck officer: EVP and Director of Operations 5151 CORPORATE DRIVE, TROY MI 48098
Toan Huynh director 5151 CORPORATE DRIVE, TROY MI 48098
Lori Jordan director 5151 CORPORATE DRIVE, TROY MI 48098
David J Matlin director
Peter Schoels director GLOBAL AERO LOGISTICS INC., 101 WORLD DRIVE, PEACHTREE CITY GA 30269
Mp Thrift Investments L.p. 10 percent owner MATLINPATTERSON GLOBAL ADVISERS LLC, 520 MADISON AVENUE, 35TH FLOOR, NEW YORK NY 10022
Reginald E Davis officer: EVP and President of Banking 5151 CORPORATE DRIVE, TROY MI 48098
Kristy Fercho officer: EVP and President of Mortgage 5151 CORPORATE DRIVE, TROY MI 48098
Andrew W Ottaway officer: Michigan Market President 5151 CORPORATE DRIVE, TROY MI 48098
Jennifer R Whip director 621 PUGH ROAD, WAYNE PA 19087
Patrick M Mcguirk officer: EVP and Gen Counsel 5151 CORPORATE DRIVE, TROY MI 48098
Leonard Ii Israel officer: Exec VP 5151 CORPORATE DRIVE, TROY MI 48098
Andrew Fornarola officer: EVP and Director Com Bnking FLAGSTAR BANCORP INC, 5151 CORPORATE DRIVE, TROY MI 48098
Bruce E Nyberg director FLAGSTAR BANCORP INC, 5151 CORPORATE DRIVE, TROY MI 48098
Bryan Marx officer: SVP Chief Accting Officer(PAO) 5151 CORPORATE DRIVE, TROY MI 48098