FLG
Flagstar Bank, National Association12.93
-0.16-1.22%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
5.38BP/E (TTM)
-Basic EPS (TTM)
-0.89Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Flagstar narrowed its Q3 net loss to $36 million from $70 million in Q2, driven by a $6 million NII uptick to $425 million (NIM edging up 10 basis points to 1.91%) amid lower-cost deposits and loan yields, yet total loans shrank 3.5% q/q to $62.7 billion as multi-family and CRE portfolios contracted strategically. Provision for credit losses dropped 41% q/q to $38 million, reflecting volume reductions and stabilizing asset quality, while non-interest income jumped 22% on a $21 million gain from the Figure Technology IPO. Expenses ticked up 2% q/q to $522 million, including $14 million in litigation settlements and $8 million severance, but YTD non-interest costs fell 26% y/y. Liquidity stands solid at $27.6 billion, with $8.5 billion cash and $5.4 billion FHLB availability against $13.2 billion in borrowings; the October reorganization streamlined structure without altering operations. Non-GAAP metrics not disclosed in the 10-Q. Heightened regulatory scrutiny on CRE concentrations persists.
8-K
Bank reorganization complete
Flagstar Bank completed its internal reorganization on October 17, 2025, merging holding company Flagstar Financial into the bank to streamline structure and cut regulatory costs. Shares converted one-for-one, maintaining NYSE listing under FLG from October 20, while the bank assumed all debts, including $610 million in junior subordinated debentures. Leadership stays intact. This simplifies operations yet shifts oversight to the OCC.
8-K
Shareholders approve bank merger
Flagstar Financial's shareholders overwhelmingly approved the internal reorganization on October 15, 2025, with 323 million votes for merging the company into its wholly-owned subsidiary, Flagstar Bank, N.A., and converting to a federal savings association beforehand. This setup positions the bank as the surviving entity, streamlining operations under a single federal charter. Quorum hit 78%. Reorg simplifies structure.
8-K
OCC approves bank merger
Flagstar Financial secured OCC approval on October 3, 2025, to reorganize as a federal interim savings bank and merge into Flagstar Bank, making the bank the publicly traded entity on NYSE under ticker FLG. Shareholders vote on October 15, with closure eyed for mid-to-late October if approved. This simplifies structure post-mergers, yet hinges on that vote. Risks include delays in approval.
8-K
Special meeting date set
Flagstar Financial announced its Special Meeting of Shareholders for October 15, 2025, via virtual webcast, with a record date of August 18, 2025, to vote on the proposed holding company reorganization. The proxy statement details the transaction, urging investors to review it for key information on approvals and benefits. Shareholder approval is essential. Risks include regulatory delays or unfavorable conditions.
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