Flagstar Financial (FLG) reported a Q1 loss Friday of $0.23 per share, narrowing from a loss of $0.74 a year earlier.
Analysts polled by FactSet expected a loss of $0.29.
Revenue for the quarter ended March 31 was $490 million, down from $633 million a year earlier.
Analysts surveyed by FactSet expected $509.2 million.
Shares of the company were down more than 2.5% in recent Friday premarket activity.
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