NYSE : FLG
Flagstar Bank, National Association — Financial statements
Financials · Banks - Regional · United States
Last price 10.51 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.21B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 3.08B | 3.31B | 4.37B | 4.51B | 1.85B | 1.52B |
| Interest Income on Investments | 954.00M | 1.16B | 1.58B | 982.00M | 244.00M | 164.00M |
| Total Interest Income | 4.03B | 4.47B | 5.95B | 5.49B | 2.09B | 1.69B |
| Interest Paid on Deposits | 1.75B | 2.13B | 2.58B | 1.76B | 383.00M | 114.00M |
| Interest Paid on Borrowings | 475.00M | 613.00M | 1.23B | 656.00M | 313.00M | 286.00M |
| Total Interest Expense | 2.22B | 2.75B | 3.80B | 2.41B | 696.00M | 400.00M |
| Net Interest Income | 1.81B | 1.72B | 2.15B | 3.08B | 1.40B | 1.29B |
| Gain (Loss) on Sale of Investments | 4.00M | 31.00M | ||||
| Other Non-Interest Income | 267.00M | 278.00M | 384.00M | 467.00M | 83.00M | 61.00M |
| Total Non-Interest Income | 291.00M | 341.00M | 521.00M | 556.00M | 88.00M | 61.00M |
| Revenues Before Loan Losses | 2.10B | 2.06B | 2.67B | 3.63B | 1.48B | 1.35B |
| Provision for Loan Losses | 97.00M | 184.00M | 1.09B | 833.00M | 133.00M | 3.00M |
| Revenue | 2.00B | 1.88B | 1.58B | 2.80B | 1.35B | 1.35B |
| Salaries and Employee Benefits | 868.00M | 915.00M | 1.21B | 1.10B | 325.00M | 272.00M |
| Occupancy Expenses | 112.00M | 125.00M | 136.00M | 114.00M | 64.00M | 61.00M |
| Federal Deposit Insurance | 122.00M | 169.00M | 313.00M | 126.00M | ||
| Amortization of Goodwill & Intangibles | 97.00M | 107.00M | 136.00M | 126.00M | 5.00M | |
| Selling, General & Administrative | 673.00M | 704.00M | 938.00M | 757.00M | 215.00M | 185.00M |
| Total Non-Interest Expense | 1.87B | 2.02B | 2.73B | 2.23B | 609.00M | 518.00M |
| EBT Excluding Unusual Items | 132.00M | -142.00M | -1.15B | 575.00M | 742.00M | 829.00M |
| Other Unusual Items | -121.00M | 2.13B | 159.00M | |||
| Pretax Income | 115.00M | -198.00M | -1.38B | -50.00M | 826.00M | 806.00M |
| Income Tax Expense | 19.00M | -21.00M | -260.00M | 29.00M | 176.00M | 210.00M |
| Net Income | 96.00M | -177.00M | -1.12B | -79.00M | 650.00M | 596.00M |
| Preferred Dividends & Other Adjustments | 33.00M | 33.00M | 35.00M | 38.00M | 41.00M | 40.00M |
| Net Income to Common | 63.00M | -210.00M | -1.15B | -117.00M | 609.00M | 556.00M |
| Basic Shares Outstanding | 415.03M | 415.33M | 330.71M | 237.88M | 161.20M | 154.62M |
| Diluted Shares Outstanding | 455.48M | 415.33M | 330.71M | 237.88M | 161.71M | 154.88M |
| EPS (Basic) | 0.15 | -0.51 | -3.49 | -0.49 | 3.78 | 3.60 |
| EPS (Diluted) | 0.15 | -0.51 | -3.49 | -0.49 | 3.77 | 3.60 |
| Dividend Per Share | 0.04 | 0.04 | 0.20 | 2.04 | 2.04 | 2.04 |
| Effective Tax Rate | 16.52% | 21.31% | 26.05% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.05B | 5.89B | 15.43B | 11.47B | 2.03B | 2.21B |
| Investment Securities | 14.00M | 3.08B | 2.18B | 2.97B | 4.59B | 3.08B |
| Trading Asset Securities | 26.00M | 25.00M | 138.00M | 234.00M | ||
| Mortgage-Backed Securities | 16.39B | 12.98B | 8.57B | 6.56B | 4.79B | 2.79B |
| Total Investments | 16.41B | 16.09B | 10.78B | 9.67B | 9.61B | 5.87B |
| Gross Loans | 61.95B | 60.86B | 68.44B | 84.88B | 69.09B | 45.83B |
| Allowance for Loan Losses | -869.00M | -1.03B | -1.20B | -992.00M | -393.00M | -199.00M |
| Other Adjustments to Gross Loans | -129.00M | -169.00M | -258.00M | -85.00M | -95.00M | |
| Net Loans | 61.08B | 59.70B | 67.07B | 83.63B | 68.61B | 45.54B |
| Property, Plant & Equipment | 474.00M | 857.00M | 978.00M | 1.08B | 610.00M | 519.00M |
| Goodwill | 2.43B | 2.43B | ||||
| Other Intangible Assets | 310.00M | 381.00M | 488.00M | 625.00M | 287.00M | |
| Loans Held for Sale | 166.00M | 265.00M | 899.00M | 1.18B | 1.11B | |
| Accrued Interest Receivable | 300.00M | 312.00M | 461.00M | 323.00M | 214.00M | |
| Restricted Cash | 83.00M | 129.00M | 50.00M | |||
| Long-Term Deferred Tax Assets | 22.00M | |||||
| Other Real Estate Owned & Foreclosed | 8.00M | 11.00M | 14.00M | 14.00M | 12.00M | 8.00M |
| Other Long-Term Assets | 4.92B | 3.91B | 4.06B | 4.74B | 3.80B | 2.00B |
| Total Assets | 87.41B | 87.51B | 100.16B | 114.06B | 90.14B | 59.53B |
| Interest Bearing Deposits | 55.43B | 47.61B | 49.79B | 53.13B | 42.92B | 30.52B |
| Institutional Deposits | 6.33B | 12.60B | 7.89B | 3.75B | ||
| Non-Interest Bearing Deposits | 12.39B | 12.06B | 13.48B | 20.50B | 12.05B | 4.53B |
| Total Deposits | 67.82B | 66.00B | 75.87B | 81.53B | 58.72B | 35.06B |
| Short-Term Borrowings | 4.02B | 2.79B | 1.55B | 2.94B | ||
| Current Portion of Long-Term Debt | 3.00B | |||||
| Current Portion of Leases | 70.00M | |||||
| Accrued Interest Payable | 39.00M | 51.00M | 50.00M | 37.00M | 18.00M | |
| Long-Term Debt | 449.00M | 448.00M | 444.00M | 438.00M | 432.00M | 1.10B |
| Federal Home Loan Bank Debt, Long-Term | 9.90B | 4.15B | 10.65B | 19.25B | 17.52B | 15.11B |
| Long-Term Leases | 357.00M | 463.00M | 446.00M | 122.00M | 249.00M | |
| Trust Preferred Securities | 588.00M | 585.00M | 582.00M | 579.00M | 575.00M | 361.00M |
| Pension & Post-Retirement Benefits | 7.00M | 10.00M | ||||
| Long-Term Deferred Tax Liabilities | 64.00M | 51.00M | 517.00M | 107.00M | 384.00M | |
| Other Long-Term Liabilities | 1.01B | 631.00M | 1.10B | 1.33B | 858.00M | 201.00M |
| Total Liabilities | 79.77B | 79.37B | 91.99B | 105.69B | 81.32B | 52.48B |
| Preferred Stock, Non-Redeemable | 503.00M | 503.00M | 503.00M | 503.00M | 503.00M | 503.00M |
| Preferred Stock, Convertible | 1.00M | 1.00M | 1.00M | |||
| Total Preferred Equity | 504.00M | 504.00M | 504.00M | 503.00M | 503.00M | 503.00M |
| Common Stock | 4.00M | 4.00M | 4.00M | 2.00M | 7.00M | 5.00M |
| Additional Paid-In Capital | 9.31B | 9.30B | 9.28B | 8.24B | 8.13B | 6.13B |
| Retained Earnings | -958.00M | -988.00M | -763.00M | 443.00M | 1.04B | 741.00M |
| Treasury Stock | -377.00M | -190.00M | -219.00M | -218.00M | -237.00M | -246.00M |
| Comprehensive Income & Other | -839.00M | -489.00M | -640.00M | -599.00M | -620.00M | -85.00M |
| Total Common Equity | 7.14B | 7.64B | 7.66B | 7.86B | 8.32B | 6.54B |
| Shareholders' Equity | 7.64B | 8.14B | 8.17B | 8.37B | 8.82B | 7.04B |
| Total Liabilities & Equity | 87.41B | 87.51B | 100.16B | 114.06B | 90.14B | 59.53B |
| Total Debt | 10.94B | 12.63B | 14.92B | 22.27B | 21.59B | 16.81B |
| Net Cash (Debt) | -6.89B | -6.71B | 531.00M | -10.65B | -19.32B | -14.60B |
| Net Cash Per Share | -15.13 | -16.17 | 1.61 | -44.79 | -119.50 | -94.27 |
| Filing Date Shares Outstanding | 400.64M | 415.99M | 414.72M | 258.37M | 227.63M | 155.66M |
| Total Common Shares Outstanding | 400.64M | 415.98M | 414.93M | 240.69M | 227.07M | 155.01M |
| Book Value Per Share | 17.82 | 18.37 | 18.47 | 32.67 | 36.64 | 42.20 |
| Tangible Book Value | 6.83B | 7.26B | 7.18B | 7.24B | 5.61B | 4.12B |
| Tangible Book Value Per Share | 17.05 | 17.45 | 17.29 | 30.08 | 24.70 | 26.55 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -177.00M | -1.12B | -79.00M | 650.00M | 596.00M | |
| Depreciation & Amortization | 148.00M | 184.00M | 165.00M | 23.00M | 21.00M | |
| Gain (Loss) on Sale of Assets | -2.00M | |||||
| Gain (Loss) on Sale of Investments | -35.00M | -5.00M | ||||
| Total Asset Writedown | 2.43B | |||||
| Provision for Credit Losses | 184.00M | 1.09B | 833.00M | 133.00M | 3.00M | |
| Change in Other Net Operating Assets | -84.00M | 43.00M | -944.00M | 395.00M | -342.00M | |
| Other Operating Activities | -313.00M | -169.00M | -2.19B | -162.00M | -13.00M | |
| Operating Cash Flow | -181.00M | 86.00M | 263.00M | 1.03B | 290.00M | |
| Capital Expenditures | -67.00M | -36.00M | -66.00M | -3.00M | -4.00M | |
| Cash Acquisitions | 24.90B | 331.00M | ||||
| Investment in Securities | -5.08B | -968.00M | 214.00M | -1.28B | -68.00M | |
| Purchase / Sale of Intangibles | 1.42B | 50.00M | ||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 7.64B | 14.77B | -4.33B | -5.18B | -2.68B | |
| Other Investing Activities | 192.00M | 267.00M | -95.00M | -188.00M | -8.00M | |
| Investing Cash Flow | 2.69B | 15.45B | 20.67B | -6.32B | -2.76B | |
| Short-Term Debt Issued | 250.00M | 2.55B | 950.00M | |||
| Long-Term Debt Issued | 4.00B | 28.24B | 19.85B | 9.48B | 2.07B | |
| Total Debt Issued | 4.25B | 28.24B | 19.85B | 12.03B | 3.02B | |
| Short-Term Debt Repaid | -4.25B | -550.00M | ||||
| Long-Term Debt Repaid | -6.50B | -30.84B | -19.37B | -13.96B | -2.54B | |
| Total Debt Repaid | -6.50B | -35.09B | -19.92B | -13.96B | -2.54B | |
| Net Debt Issued (Repaid) | -2.25B | -6.85B | -74.00M | -1.93B | 478.00M | |
| Issuance of Common Stock | 1.00B | |||||
| Repurchase of Common Stock | -24.00M | -16.00M | ||||
| Common Dividends Paid | -15.00M | -53.00M | -486.00M | -317.00M | -316.00M | |
| Preferred Dividends Paid | -33.00M | -35.00M | -33.00M | -33.00M | -33.00M | |
| Total Dividends Paid | -48.00M | -88.00M | -519.00M | -350.00M | -349.00M | |
| Net Increase (Decrease) in Deposit Accounts | -9.87B | -5.67B | -10.74B | 7.66B | 2.62B | |
| Other Financing Activities | 80.00M | 17.00M | -78.00M | -189.00M | ||
| Financing Cash Flow | -12.09B | -11.59B | -11.41B | 5.17B | 2.73B | |
| Net Cash Flow | -9.58B | 3.95B | 9.53B | -129.00M | 263.00M | |
| Free Cash Flow | -248.00M | 50.00M | 197.00M | 1.02B | 286.00M | |
| Free Cash Flow Margin | -13.21% | 3.16% | 7.04% | 75.72% | 21.23% | |
| Free Cash Flow Per Share | -0.60 | 0.15 | 0.83 | 6.33 | 1.85 | |
| Cash Interest Paid | 2.87B | 3.69B | 2.29B | 657.00M | 402.00M | |
| Cash Income Tax Paid | 13.00M | 15.00M | 44.00M | 17.00M | 471.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.31B | 5.23B | 3.87B | 7.39B | 5.86B | 5.68B |
| Last Close Price | 10.75 | 12.56 | 9.28 | 30.06 | 23.69 | 31.40 |
| PE Ratio | 73.06 | 9.62 | 10.21 | |||
| PS Ratio | 2.15 | 2.79 | 2.45 | 2.64 | 4.34 | 4.21 |
| PB Ratio | 0.60 | 0.64 | 0.47 | 0.88 | 0.66 | 0.81 |
| P/FCF Ratio | 63.34 | 77.46 | 37.52 | 5.73 | 19.85 | |
| P/OCF Ratio | 26.59 | 45.03 | 28.10 | 5.71 | 19.58 | |
| Debt / Equity Ratio | 1.43 | 1.55 | 1.83 | 2.66 | 2.45 | 2.39 |
| Debt / FCF Ratio | 298.48 | 113.03 | 21.11 | 58.78 | ||
| Net Debt / Equity Ratio | 0.90 | 0.82 | -0.07 | 1.27 | 2.19 | 2.07 |
| Net Debt / FCF Ratio | -27.07 | -10.62 | 54.08 | 18.89 | 51.05 | |
| Return on Equity (ROE) | 1.22% | -2.17% | -13.52% | -0.92% | 8.19% | 8.58% |
| Return on Assets (ROA) | 0.11% | -0.19% | -1.04% | -0.08% | 0.87% | 1.03% |
| Earnings Yield | 1.37% | -3.38% | -28.87% | -1.07% | 11.10% | 10.50% |
| FCF Yield | 1.58% | -4.74% | 1.29% | 2.67% | 17.46% | 5.04% |
| Dividend Yield | 0.37% | 0.32% | 2.14% | 6.64% | 7.91% | 5.57% |
| Payout Ratio | 27.19% | 53.85% | 58.56% | |||
| Buyback Yield / Dilution | -9.67% | -25.59% | -39.02% | -47.10% | -4.41% | -0.29% |
| Total Shareholder Return | -9.30% | -25.27% | -36.88% | -40.46% | 3.50% | 5.28% |