FLAGSTAR BANK, NATIONAL ASSOCIATION FLG

Financials SIC 6036 - Savings Institutions, Not Federally Chartered NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Savings Institutions and Other Depository Credit Intermediation derived NYSE

Where we say "we," "us," "our," the "Bank," the "Company," or "Flagstar," in this report we usually mean Flagstar Bank, National Association.

Flagstar Bank, National Association, is a national banking association headquartered in Hicksville, New York which had $87.5 billion of assets, $61.0 billion of loans, deposits of $66.0 billion, and total stockholders' equity of $8.1 billion as of December 31, 2025. The Bank went public in 1993 and has grown organically and through a series of accretive mergers and acquisitions.

We operate in a single reportable segment and have identified one reporting unit which is the same as our operating segment. We continue to assess our reportable segments and reporting units, which may result in a change to either or both in future reporting periods. Please refer to Note 23 - Segment Reporting.

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Last close 10.38 2026-10-23

Market cap $4.31B 2026-06-30 share count

52-week range 10.29 - 15.44

Valuation FY2025 figures against the last close

P/S1.0x

P/E—

P/FCF—

EV/EBITDA—

Dividend yield0.3%

Diluted EPS-0.50

Annual financial statements

Income statement

Fiscal year	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	$4.47B	$5.95B	$5.49B	$2.09B	$1.69B	$22.0M	$29.0M	$29.8M	$31.8M	$32.7M
SG&A	$307.0M	$513.0M	$389.0M	$158.0M	$127.0M	$124.0M	$120.0M	$129.0M	$178.6M	$187.6M
Total operating expenses	—	—	—	$604.0M	$518.0M	$511.0M	$511.0M	$546.6M	$641.2M	$638.1M
Interest expense	$1.72B	$2.15B	$3.08B	$1.40B	$400.0M	$608.0M	$848.0M	$658.7M	$452.2M	$387.5M
Pre-tax income	-$198.0M	-$1.38B	-$50.0M	$826.0M	$806.0M	$588.0M	$523.0M	$557.7M	$668.2M	$777.1M
Income tax	$21.0M	$260.0M	$29.0M	$176.0M	$210.0M	$77.0M	$128.0M	$135.3M	$202.0M	$281.7M
Net income	-$177.0M	-$1.12B	-$79.0M	$650.0M	$596.0M	$511.0M	$395.0M	$422.4M	$466.2M	$495.4M
EPS, basic	-0.50	-3.49	-0.49	3.78	1.20	1.02	0.77	0.79	0.90	1.01
EPS, diluted	-0.50	-3.49	-0.49	3.77	1.20	1.02	0.77	0.79	0.90	1.01
Shares, diluted (wtd. avg.)	415.3M	330.7M	237.9M	161.7M	464.6M	463.3M	465.7M	487.3M	487.1M	485.2M

Balance sheet

Fiscal year	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Cash and equivalents	$5.98B	$15.56B	$11.61B	$2.08B	$2.21B	$1.95B	$742.0M	$1.48B	$2.53B	$557.9M
Short-term investments	—	$10.42B	$9.16B	—	—	—	—	—	—	—
Property, plant and equipment	$477.0M	$562.0M	$652.0M	$491.0M	$270.0M	$287.0M	$312.6M	$346.2M	$368.7M	$373.7M
Goodwill	—	$0	$0	$2.43B	$2.43B	$2.43B	$2.43B	$2.44B	$2.44B	$2.44B
Other intangibles	$381.0M	$488.0M	$625.0M	$287.0M	—	—	—	—	—	—
Total assets	$87.51B	$100.16B	$114.06B	$90.14B	$59.53B	$56.31B	$53.64B	$51.90B	$49.12B	$48.93B
Short-term debt	$4.00B	$2.75B	—	—	—	—	—	—	—	—
Long-term debt	$8.18B	$11.68B	$21.27B	$21.33B	—	—	—	—	—	—
Total liabilities	$79.37B	$91.99B	$105.69B	$81.32B	$52.48B	$49.46B	$46.93B	$45.24B	$42.33B	$42.80B
Retained earnings	-$988.0M	-$763.0M	$443.0M	$1.04B	$741.0M	$494.0M	$342.0M	$297.2M	$237.9M	$128.4M
Total equity	$8.14B	$8.17B	$8.37B	$8.82B	$7.04B	$6.84B	$6.71B	$6.66B	$6.80B	$6.12B

Cash flow

Fiscal year	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Operating cash flow	-$181.0M	$86.0M	$263.0M	$1.03B	$290.0M	$334.0M	$510.0M	$540.4M	$1.33B	$755.7M
Depreciation and amortisation	$148.0M	$184.0M	$165.0M	$18.0M	$21.0M	$24.0M	$27.0M	$32.3M	$32.8M	$32.8M
Stock-based compensation	$61.0M	$54.0M	$47.0M	$29.0M	$31.0M	$29.0M	$32.0M	$36.3M	$36.0M	$32.7M
Capital expenditure	—	—	—	—	—	—	—	$9.8M	$27.8M	$84.2M
Investing cash flow	$2.69B	$15.45B	$20.67B	-$6.32B	-$2.76B	-$1.02B	-$2.06B	-$4.02B	$1.06B	$1.22B
Financing cash flow	-$12.09B	-$11.59B	-$11.41B	$5.17B	$2.73B	$1.90B	$816.0M	$2.43B	-$418.1M	-$1.95B
Dividends paid	$15.0M	$53.0M	$486.0M	$317.0M	$316.0M	$316.0M	$317.0M	$333.1M	$332.1M	$330.8M
Buybacks	$286.0M	$0	$0	$7.0M	$0	$50.0M	$67.0M	$160.8M	$18.5M	$8.7M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000910073-26-000039.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)

Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity

Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks

Revenue
Gross profit
Net income

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$32.7M	$31.8M	$29.8M	$29.0M	$22.0M	$1.69B	$2.09B	$5.49B	$5.95B	$4.47B
Gross profit	—	—	—	—	—	—	—	—	—	—
Net income	$495.4M	$466.2M	$422.4M	$395.0M	$511.0M	$596.0M	$650.0M	-$79.0M	-$1.12B	-$177.0M

Recent filings and events

2026-07-24 Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
2026-07-24 Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
2026-07-24 Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
2026-06-11 Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
2026-06-11 Shareholder vote The results of the annual meeting or a special vote. Item 5.07
2026-06-11 Regulation FD disclosure Item 7.01
2026-05-18 Officer or director change Item 5.02
2026-05-18 Other event Item 8.01
2026-04-24 Results announced Item 2.02
2026-04-24 Regulation FD disclosure Item 7.01
2026-03-27 Officer or director change Item 5.02
2026-02-27 Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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