Loading…
Flagstar Bank, National Association provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, and non-interest-bearing accounts, as well as certificates of deposit. It offers loan products comprising multi-family loans; commercial real estate loans; acquisition, development, and construction loans; commercial and industrial loans; one-to-four family loans; specialty finance loans and leases; warehouse loans; and home equity lines of credit, as well as other consumer loans, including overdraft loans. The company offers non-deposit investment and insurance products; and online and mobile banking services. It primarily serves individuals, small and mid-size businesses, and professional associations. The company was formerly known as Flagstar Financial, Inc. Flagstar Bank, National Association was founded in 1859 and is headquartered in Hicksville, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.1B | - | $-177M | $-248M | -2.3% | -20.2% | -84.2% |
| 2024 | $2.6B | - | $-1.1B | $50M | -14.6% | -28.9% | 1315.2% |
| 2023 | $3.6B | - | $-79M | $197M | -1.0% | 145.1% | -112.2% |
| 2022 | $1.5B | - | $650M | $1.0B | 7.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,482 | 3,633 | 2,584 | 2,062 |
| Operating Revenue | - | 1,482 | 3,633 | 2,584 | 2,062 |
| Selling General And Administration | - | 512 | 1,664 | 2,089 | 1,452 |
| Interest Income | - | 2,092 | 5,491 | 5,952 | 4,466 |
| Interest Expense | - | 696 | 2,414 | 3,801 | 2,745 |
| Net Interest Income | - | 1,396 | 3,077 | 2,152 | 1,721 |
| Pretax Income | - | 826 | -50 | -1,378 | -198 |
| Tax Provision | - | 176 | 29 | -260 | -21 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 18.32 | -131.25 | -26.04 | -5.94 |
| Net Income Continuous Operations | - | 650 | -79 | -1,118 | -177 |
| Net Income From Continuing And Discontinued Operation | - | 650 | -79 | -1,118 | -177 |
| Net Income From Continuing Operation Net Minority Interest | - | 650 | -79 | -1,118 | -177 |
| Net Income | - | 650 | -79 | -1,118 | -177 |
| Net Income Common Stockholders | - | 609 | -117 | -1,153 | -210 |
| Net Income Including Noncontrolling Interests | - | 650 | -79 | -1,118 | -177 |
| Normalized Income | - | 582.32 | 414.75 | -1,006.04 | -126.94 |
| Diluted NI Availto Com Stockholders | - | 609 | -117 | -1,153 | -210 |
| Basic Average Shares | - | 161.20 | 237.88 | 330.71 | 415.33 |
| Diluted Average Shares | - | 161.71 | 238.46 | 330.71 | 415.33 |
| Reconciled Depreciation | - | 23 | 165 | 184 | 148 |
| Total Unusual Items | - | 86 | -625 | -138 | -56 |
| Total Unusual Items Excluding Goodwill | - | 86 | -625 | -138 | -56 |
| Preferred Stock Dividends | - | 33 | 33 | 35 | 33 |
| Special Income Charges | - | 86 | -625 | -138 | -56 |
| Gain On Sale Of Business | - | 0 | 0 | 89 | 0 |
| Other Special Charges | - | -2 | 49 | - | - |
| Write Off | - | - | - | 77 | - |
| Impairment Of Capital Assets | - | 0 | 2,426 | 0 | 0 |
| Restructuring And Mergern Acquisition | - | -84 | -1,801 | 227 | 56 |
| Gain On Sale Of Security | - | -2 | 0 | 0 | 31 |
| Depreciation Amortization Depletion Income Statement | - | 5 | 126 | 136 | 107 |
| Depreciation And Amortization In Income Statement | - | 5 | 126 | 136 | 107 |
| General And Administrative Expense | - | 512 | 1,664 | 2,089 | 1,452 |
| Other Gand A | - | 158 | 389 | 513 | 307 |
| Salaries And Wages | - | 354 | 1,149 | 1,263 | 976 |
| Insurance And Claims | - | 0 | 126 | 313 | 169 |
| Otherunder Preferred Stock Dividend | 7 | 8 | 5 | - | - |
| Amortization | - | 5 | 126 | 136 | 107 |
| Amortization Of Intangibles Income Statement | - | 5 | 126 | 136 | 107 |
| Occupancy And Equipment | - | 92 | 200 | 211 | 202 |
| Professional Expense And Contract Services Expense | - | - | 55 | 110 | 86 |
| Other Non Interest Expense | - | - | 180 | 186 | 173 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Flagstar Bank, National Associationthis co. | FLG | $5.9B | -33.23 | 0.77 | -2.3% | - |
| Glacier Bancorp, Inc. | GBCI | $6.1B | 25.69 | 1.46 | 5.7% | - |
| United Bankshares, Inc. | UBSI | $6.0B | 12.97 | 1.10 | 8.5% | - |
| Hancock Whitney Corporation | HWC | $5.6B | 11.55 | 1.26 | 10.9% | - |
| Home BancShares, Inc. | HOMB |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $5.4B |
| 11.37 |
| 1.26 |
| 11.1% |
| - |
| Essent Group Ltd. | ESNT | $5.3B | 7.64 | 0.92 | 12.0% | - |
| Associated Banc-Corp | ASB | $5.2B | 11.04 | 1.10 | 9.9% | - |
| Selective Insurance Group, Inc. | SIGI | $5.1B | 11.04 | 1.51 | 13.7% | - |
| Nelnet, Inc. | NNI | $4.7B | 11.06 | 1.26 | 11.4% | - |
| Peer Median | - | 11.21 | 1.26 | 11.0% | - | |