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FLG

Flagstar Financial, Inc.

FLG

Flagstar Financial, Inc. • NYSE
$12.22 ▲ 0.45% (+0.06)
Market Cap $5.08 B
52w High $13.35
52w Low $8.56
Dividend Yield 0.04%
P/E -13.74
Volume 2.11M
Outstanding Shares 415.75M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $455M ▼ $237M ▼ $-36M ▲ -7.912% ▼ $-0.11 ▲ $-24M ▲
Q2-2025 $1.22B ▼ $513M ▼ $-70M ▲ -5.738% ▲ $-0.19 ▲ $-44M ▲
Q1-2025 $1.244B ▼ $532M ▼ $-100M ▲ -8.039% ▲ $-0.26 ▲ $-82M ▲
Q4-2024 $1.433B ▼ $629M ▼ $-188M ▲ -13.119% ▲ $-0.55 ▲ $-193M ▲
Q3-2024 $1.647B $716M $-280M -17.001% $-0.79 $-286M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $8.485B ▲ $91.668B ▼ $83.56B ▼ $8.108B ▲
Q2-2025 $8.095B ▼ $92.237B ▼ $84.142B ▼ $8.095B ▼
Q1-2025 $25.44B ▼ $97.628B ▼ $89.475B ▼ $8.153B ▼
Q4-2024 $25.832B ▲ $100.16B ▼ $91.993B ▼ $8.167B ▼
Q3-2024 $23.355B $114.367B $105.796B $8.571B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-70M ▲ $355M ▲ $589M ▲ $-5.42B ▼ $-4.476B ▼ $348M ▲
Q1-2025 $-100M ▲ $-590M ▼ $-425M ▼ $-1.897B ▲ $-2.912B ▲ $-602M ▼
Q4-2024 $-188M ▲ $623M ▲ $4.454B ▼ $-12.669B ▼ $-7.592B ▼ $620M ▲
Q3-2024 $-280M ▲ $-1.039B ▼ $9.827B ▲ $-4.693B ▼ $4.095B ▼ $-1.012B ▼
Q2-2024 $-323M $796M $-788M $6.02B $6.028B $774M

Five-Year Company Overview

Income Statement

Income Statement Flagstar’s revenue has grown strongly over the last few years, but profitability has moved in the opposite direction. What was once a solidly profitable bank has recently slipped into meaningful losses, suggesting that higher costs, credit issues, or merger-related expenses are more than offsetting the added scale. Margins in particular look pressured, with operating and net income swinging from comfortably positive to clearly negative. Overall, the income statement reflects a bank in the middle of a difficult transition: growing the top line while working through earnings volatility and integration challenges.

Balance Sheet

Balance Sheet The balance sheet has expanded significantly, showing a much larger institution than a few years ago, with more loans and earning assets. Cash levels have improved notably, providing a better liquidity cushion, while total debt, though still sizable, has come down from its peak. Equity has grown only modestly compared with the increase in assets, which points to a more leveraged profile and makes capital discipline and asset quality especially important. In short, the balance sheet now has greater scale and liquidity but also carries the usual risks that come with rapid growth and higher leverage.

Cash Flow

Cash Flow Flagstar continues to generate positive operating and free cash flow, but recent levels are much thinner than during its peak year. Cash generation looks more volatile, which is common during major strategic shifts and integration periods. Capital spending remains light, so most of the cash that is generated is available to support the core business, strengthen the balance sheet, or absorb credit and restructuring costs. Overall, cash flows are positive but not yet showing the same strength as the enlarged size of the bank might suggest.

Competitive Edge

Competitive Edge Flagstar is shifting from a mortgage-heavy lender toward a more diversified regional bank with deeper commercial capabilities. Its long-standing strength in mortgages still provides differentiation, especially with specialty products and servicing expertise, but that business is cyclical and has been under pressure. The newer push into specialized commercial lending and industry-focused teams aims to build more stable, relationship-driven revenue and reduce dependence on mortgage cycles. Combined with a broader product set in treasury, wealth, and private banking, Flagstar is trying to reposition itself as a full-service regional bank with niche strengths rather than a primarily mortgage-focused player. Execution, credit discipline, and integration of recent mergers will be critical to solidifying this competitive position.

Innovation and R&D

Innovation and R&D Innovation at Flagstar is driven more by partnerships and digital initiatives than by traditional in-house R&D spending. The MortgageTech Accelerator is a distinctive asset, giving Flagstar early access to fintech solutions and helping digitize and streamline the mortgage process. The bank is also leaning on artificial intelligence to interpret customer feedback and refine its digital offerings, while platforms like Flagstar Corporate Connect enhance its appeal to business clients through more sophisticated online cash management and fraud prevention tools. Together with a solid consumer mobile app and ongoing digital upgrades in commercial and private banking, Flagstar is building a tech-enabled service model that, if well executed, can support efficiency, customer retention, and cross-selling over time.

Summary

Flagstar is a bank in the middle of a major transformation: it has grown larger, improved liquidity, and broadened its business mix, but its earnings profile has weakened and become more volatile. The move away from a mortgage-centric model toward specialized commercial lending and full-service regional banking offers a path to more diversified and durable revenue, yet it also introduces integration, credit, and execution risks. Technology partnerships and in-house digital initiatives give the bank tools to improve efficiency and customer experience, but these benefits take time to fully show up in the financials. Overall, Flagstar combines meaningful strategic opportunity with elevated uncertainty, and its future trajectory will hinge on restoring consistent profitability, managing credit and funding risks, and successfully embedding innovation into a more focused, post-merger operating model.

NEWS

October 29, 2025 · 8:30 AM UTC

FLAGSTAR BANK, N.A. DECLARES QUARTERLY CASH DIVIDENDS ON ITS COMMON STOCK AND PREFERRED STOCKS

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October 24, 2025 · 6:00 AM UTC

FLAGSTAR BANK, N.A. REPORTS THIRD QUARTER 2025 NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $0.11 PER DILUTED SHARE AND ADJUSTED NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $0.07 PER DILUTED SHARE

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October 17, 2025 · 7:44 PM UTC

FLAGSTAR BANK, N.A. ANNOUNCES COMPLETION OF HOLDING COMPANY REORGANIZATION

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October 15, 2025 · 4:05 PM UTC

FLAGSTAR FINANCIAL, INC. SHAREHOLDERS APPROVE HOLDING COMPANY REORGANIZATION AT SPECIAL SHAREHOLDER MEETING

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October 9, 2025 · 8:45 AM UTC

FLAGSTAR FINANCIAL, INC. RECEIVES SUPPORT FROM INDUSTRY LEADING INDEPENDENT PROXY ADVISORY FIRM ISS FOR UPCOMING SHAREHOLDER VOTE TO ENHANCE CORPORATE STRUCTURE

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