FLAGSTAR BANK, NATIONAL ASSOCIATIONFLGEarnings & Financial Report
Flagstar Bank was an American commercial bank headquartered in Troy, Michigan. The bank was founded in 1987 and operated as a consumer and commercial bank, mortgage lender, and offered financial services. Flagstar Bancorp, Inc. was acquired by New York Community Bancorp, Inc. on December 1, 2022. New York Community Bancorp subsequently rebranded all of its branches under the Flagstar name and changed its name to Flagstar Financial in 2024. In a corporate restructuring in 2025 Flagstar Financi...
Revenue
$557.0M
Gross Profit
N/A
Operating Profit
$-424.0M
Net Profit
$-323.0M
Gross Margin
N/A
Operating Margin
-76.1%
Net Margin
-58.0%
YoY Growth
-38.1%
EPS
$-1.14
FLAGSTAR BANK, NATIONAL ASSOCIATION Q2 FY2024 Financial Summary
FLAGSTAR BANK, NATIONAL ASSOCIATION reported revenue of $557.0M (down 38.1% YoY) for Q2 FY2024, with a net profit of $-323.0M (down 178.2% YoY) (-58.0% margin).
Key Financial Metrics
| Total Revenue | $557.0M |
|---|---|
| Net Profit | $-323.0M |
| Gross Margin | N/A |
| Operating Margin | -76.1% |
| Report Period | Q2 FY2024 |
FLAGSTAR BANK, NATIONAL ASSOCIATION Annual Revenue by Year
FLAGSTAR BANK, NATIONAL ASSOCIATION annual revenue history includes year-by-year totals (for example, 2024 revenue was $2.2B).
| Year | Annual Revenue |
|---|---|
| 2024 | $2.2B |
| 2023 | $3.1B |
FLAGSTAR BANK, NATIONAL ASSOCIATION Quarterly Revenue & Net Profit History
FLAGSTAR BANK, NATIONAL ASSOCIATION results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $498.0M | +1.6% | $21.0M | 4.2% |
| Q4 FY2025 | $2.1B | -10.9% | $29.0M | 1.4% |
| Q3 FY2025 | $425.0M | -16.7% | $-36.0M | -8.5% |
| Q2 FY2025 | $419.0M | -24.8% | $-70.0M | -16.7% |
| Q4 FY2024 | $461.0M | -37.7% | $-188.0M | -40.8% |
| Q3 FY2024 | $510.0M | -42.2% | $-280.0M | -54.9% |
| Q2 FY2024 | $557.0M | -38.1% | $-323.0M | -58.0% |
| Q1 FY2024 | $624.0M | +12.4% | $-327.0M | -52.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $624.0M | $557.0M | $510.0M | $461.0M | $419.0M | $425.0M | $2.06B | $498.0M |
| YoY Growth | 12.4% | -38.1% | -42.2% | -37.7% | -24.8% | -16.7% | -10.9% | 1.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $112.90B | $119.06B | $114.37B | $100.16B | $92.24B | $91.67B | $87.5M | $87.13B |
| Liabilities | $103.92B | $110.40B | $105.80B | $91.99B | $84.14B | $83.56B | $79.4M | $79.01B |
| Equity | $8.39B | $8.40B | $8.57B | $8.17B | $8.10B | $8.11B | $8.1M | $8.12B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q3 2025 | |
|---|---|---|---|---|---|
| Operating CF | $-294.0M | $796.0M | $-1.04B | $623.0M | $243.0M |