Flagstar Financial, Inc.
Description
Flagstar Financial, Inc. operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit. Its loan products comprise 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 other loans, such as home equity lines of credit, boat and recreational vehicle indirect lending, point of sale consumer loans, and other consumer loans, including overdraft loans. The company offers cash management products; non-deposit investment and insurance products; and online banking, mobile banking, and bank-by-phone services. It primarily serves individuals, small and mid-size businesses, and professional associations. The company was formerly known as New York Community Bancorp, Inc. and changed its name to Flagstar Financial, Inc. in October 2024. Flagstar Financial, Inc. was founded in 1859 and is headquartered in Hicksville, New York.
About
CEO
Mr. Joseph M. Otting
Employees
8,766
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNYS
Address
102 Duffy Avenue, Hicksville, NY 11801, United States
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 23, 2025 | — | — | — | — |
| Jul 23, 2025 | — | — | — | — |
| Apr 29, 2025 | — | — | — | — |
| Jan 29, 2025 | -0.51 | — | — | — |
| Oct 25, 2024 | -0.40 | -0.69 | -0.29 | 72.50% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 11 | — | 12 |
| Average estimate | — | -0.24 | — | -0.39 |
| Low estimate | — | -0.40 | — | -0.62 |
| High estimate | — | -0.02 | — | -0.25 |
| Last year EPS | — | -0.75 | — | -2.99 |
[stock_revenue_estimate]
Growth estimates
Current qtr
64.480%
Next qtr. (Mar 2025)
87.850%
Current year
86.970%
Next year (Dec 2025)
291.240%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | |
|---|---|
| Fiscal date | 2023-12-31 |
| Total reported revenue | 3.63B |
| Cost of revenue | — |
| Gross profit | — |
| Operating expense | |
| Research & development | — |
| Selling general and admin | 1.90B |
| Other operating expenses | — |
| Operating income | — |
| Non operating interest income | |
| Income | — |
| Expense | — |
| Other income expense | — |
| Pretax income | -50.00M |
| Tax provision | 29.00M |
| Net income | -79.00M |
| Basic EPS | -0.48 |
| Diluted EPS | -0.48 |
| Basic average shares | 237.88M |
| Diluted average shares | 237.88M |
| EBITDA | — |
| Net income from continuing op. | -79.00M |
| Minority interests | — |
| Preferred stock dividends | 5.00M |
Balance sheet
| 2023 | |
|---|---|
| Fiscal date | 2023-12-31 |
| Total assets | — |
| Current assets | |
| Cash | — |
| Cash equivalents | — |
| Cash and cash equivalents | 11.48B |
| Other short term investments | 6.32B |
| Accounts receivable | — |
| Other receivables | 3.19B |
| Inventory | — |
| Prepaid assets | — |
| Restricted cash | — |
| Assets held for sale | — |
| Hedging assets | — |
| Other current assets | — |
| Non current assets | |
| Properties | 652.00M |
| Land and improvements | — |
| Machinery furniture equipment | — |
| Construction in progress | — |
| Leases | — |
| Accumulated depreciation | — |
| Goodwill | 1.74B |
| Investment properties | — |
| Financial assets | — |
| Intangible assets | 1.74B |
| Investments and advances | 6.34B |
| Other non current assets | — |
| Total liabilities | — |
| Current liabilities | |
| Accounts payable | — |
| Accrued expenses | — |
| Short term debt | 7.35B |
| Deferred revenue | — |
| Tax payable | — |
| Pensions | — |
| Other current liabilities | — |
| Non current liabilities | |
| Long term debt | 13.92B |
| Provision for risks and charges | — |
| Deferred liabilities | — |
| Derivative product liabilities | — |
| Other non current liabilities | — |
| Shareholders equity | |
| Common stock | 7.00M |
| Retained earnings | 443.00M |
| Other shareholders equity | -599.00M |
| Total shareholders equity | 8.37B |
| Additional paid in capital | 8.23B |
| Treasury stock | 218.00M |
| Minority interest | — |
Cash flow statement
| 2023 | |
|---|---|
| Operating Activities | |
| Net Income | -79.00M |
| Depreciation | 165.00M |
| Deferred Taxes | -187.00M |
| Stock-Based Compensation | 47.00M |
| Other Non-Cash Items | — |
| Accounts Receivable | — |
| Accounts Payable | — |
| Other Assets & Liabilities | -976.00M |
| Operating Cash Flow | -1.03B |
| Investing Activities | |
| Capital Expenditures | -66.00M |
| Net Intangibles | 50.00M |
| Net Acquisitions | 24.90B |
| Purchase of Investments | -3.05B |
| Sale of Investments | 3.26B |
| Investing Cash Flow | 24.95B |
| Financing Activities | |
| Long-Term Debt Issuance | 19.85B |
| Long-Term Debt Payments | -19.44B |
| Other Financing Charges | — |
| Financing Cash Flow | -671.00M |
| Other Cash Details | |
| End Cash Position | 11.61B |
| Income Tax Paid | 54.00M |
| Interest Paid | 2.29B |
| Free Cash Flow | 197.00M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Midcap ETF | Nov 30, 2024 | 9,594,895 | 113.72M | 2.31% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 9,507,580 | 112.69M | 2.29% |
| SPDR (R) Ser Tr-S&P Regional Banking ETF | Nov 30, 2024 | 7,953,913 | 94.27M | 1.92% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 7,458,143 | 88.40M | 1.80% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 7,429,818 | 88.06M | 1.79% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 5,051,036 | 59.87M | 1.22% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 4,446,756 | 52.70M | 1.07% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 2,586,080 | 30.65M | 0.62% |
| iShares Russell 2000 Value ETF | Nov 30, 2024 | 2,510,171 | 29.75M | 0.60% |
| SPDR S&P Mid Cap 400 ETF Trust | Nov 30, 2024 | 2,416,533 | 28.64M | 0.58% |
Article
FLAGSTAR FINANCIAL, INC. TO PRESENT AT THE BOFA SECURITIES FINANCIAL SERVICES CONFERENCE
HICKSVILLE, N.Y. , Feb. 4, 2025 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE: FLG) (the "Company") will be participating in the BofA Securities Financial Services Conference in Miami, Florida on Tuesday, February 11, 2025.
Feb 4, 2025
Article
FLAGSTAR BANK HOSTS COMMUNITY REINVESTMENT ROUNDTABLE, BRINGS COMMUNITY LEADERS TOGETHER TO DRIVE TRANSFORMATION AND SUPPORT LMI COMMUNITIES
A group of leading and influential nonprofit and community leaders attended Dialogue centered on reimagining future of community reinvestment strategies Intent to formalize goals and objectives for sustained meaningful impact HICKSVILLE, N.Y. , Jan. 31, 2025 /PRNewswire/ -- Flagstar Bank, N.A.
Jan 31, 2025
Article
FLAGSTAR FINANCIAL, INC. DECLARES QUARTERLY CASH DIVIDENDS ON ITS COMMON STOCK AND PREFERRED STOCKS
HICKSVILLE, N.Y. , Jan. 31, 2025 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE: FLG) (the "Company") today announced that its Board of Directors declared a quarterly cash dividend of $0.01 per share on the Company's common stock.
Jan 31, 2025
